Conifer Holdings Correlations
| CNFRLDelisted Stock | USD 22.03 0.01 0.05% |
The current 90-days correlation between Conifer Holdings Senior and Brighthouse Financial is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Conifer Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conifer Holdings Senior moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Conifer Holdings Correlation With Market
Good diversification
The correlation between Conifer Holdings Senior and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conifer Holdings Senior and DJI in the same portfolio, assuming nothing else is changed.
Conifer |
Moving against Conifer Stock
| 0.55 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.53 | BKKPF | Bangkok Bank Public | PairCorr |
| 0.49 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.49 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.47 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.4 | SGIOF | Shionogi | PairCorr |
| 0.39 | SZKMF | Suzuki Motor | PairCorr |
| 0.38 | HD | Home Depot | PairCorr |
| 0.38 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| -0.39 | -0.39 | -0.48 | -0.22 | BHFAL | ||
| -0.39 | 0.74 | 0.67 | 0.46 | GECCM | ||
| -0.39 | 0.74 | 0.85 | 0.73 | OXSQL | ||
| -0.48 | 0.67 | 0.85 | 0.61 | GECCN | ||
| -0.22 | 0.46 | 0.73 | 0.61 | RILYO | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Conifer Stock performing well and Conifer Holdings Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Conifer Holdings' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BHFAL | 0.55 | (0.03) | 0.00 | (0.09) | 0.00 | 1.07 | 2.89 | |||
| GECCM | 0.28 | 0.01 | (0.11) | 0.20 | 0.42 | 0.60 | 3.56 | |||
| OXSQL | 0.28 | 0.04 | (0.09) | 0.69 | 0.23 | 0.77 | 2.94 | |||
| GECCN | 0.41 | 0.02 | (0.09) | 0.23 | 0.42 | 0.95 | 2.73 | |||
| RILYO | 0.41 | 0.01 | (0.10) | 0.10 | 0.42 | 1.20 | 2.95 |
Conifer Holdings Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Conifer Holdings stock to make a market-neutral strategy. Peer analysis of Conifer Holdings could also be used in its relative valuation, which is a method of valuing Conifer Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Conifer Holdings Senior?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.