Cannae Holdings Correlations

CNNE Stock

USD 21.70 0.01 0.05%

The current 90-days correlation between Cannae Holdings and Brightsphere Investment Group is 0.59 (i.e., Very weak diversification). The correlation of Cannae Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Cannae Holdings Correlation With Market

Very weak diversification

The correlation between Cannae Holdings and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cannae Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cannae Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Cannae Stock refer to our How to Trade Cannae Stock guide.

Moving together with Cannae Stock

0.87	V	Visa Class A	Pair Corr
0.8	DHIL	Diamond Hill Investment	Pair Corr
0.79	DIST	Distoken Acquisition	Pair Corr
0.73	BN	Brookfield Corp	Pair Corr
0.8	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.88	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.83	LC	LendingClub Corp	Pair Corr
0.7	MA	Mastercard	Pair Corr
0.82	MC	Moelis	Pair Corr
0.78	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.75	PX	P10 Inc	Pair Corr
0.64	QD	Qudian Inc	Pair Corr
0.77	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.85	WT	WisdomTree	Pair Corr
0.8	VCTR	Victory Capital Holdings	Pair Corr
0.62	VINP	Vinci Partners Inves	Pair Corr
0.77	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Cannae Stock

0.69	WU	Western Union Sell-off Trend	Pair Corr
0.62	XP	Xp Inc	Pair Corr
0.43	LU	Lufax Holding	Pair Corr
0.66	BRKHU	BurTech Acquisition Corp	Pair Corr
0.51	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.51	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.42	ROCLU	Roth CH Acquisition	Pair Corr
0.36	EARN	Ellington Residential	Pair Corr

Related Correlations Analysis

	BKI	BSIG	ATGE	HLNE	CNOB
BKI		0.82	0.79	0.75	0.74	BKI
BSIG	0.82		0.92	0.89	0.88	BSIG
ATGE	0.79	0.92		0.8	0.83	ATGE
HLNE	0.75	0.89	0.8		0.77	HLNE
CNOB	0.74	0.88	0.83	0.77		CNOB
	BKI	BSIG	ATGE	HLNE	CNOB

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Risk-Adjusted Indicators

There is a big difference between Cannae Stock performing well and Cannae 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 Cannae 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
BKI	1.14	0.29	0.24	0.65	0.61	(1.42)	2.02	(1.42)	17.11
BSIG	1.42	0.20	0.16	0.23	1.30	(1.52)	3.12	(3.01)	9.55
ATGE	1.45	0.11	0.10	0.19	1.61	(1.60)	2.81	(2.83)	15.11
HLNE	1.30	0.18	0.17	0.24	1.22	(1.46)	2.70	(2.34)	10.56
CNOB	1.81	(0.10)	0.03	0.08	1.84	(2.13)	3.44	(3.03)	20.79

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