Fairfax India Correlations

FFXDF Stock

USD 15.91 0.27 1.73%

The current 90-days correlation between Fairfax India Holdings and Noah Holdings is -0.01 (i.e., Good diversification). The correlation of Fairfax India 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.

Fairfax India Correlation With Market

Average diversification

The correlation between Fairfax India Holdings and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fairfax India Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Fairfax India could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fairfax India when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fairfax India - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fairfax India Holdings to buy it.

Moving together with Fairfax Pink Sheet

0.64	AXP	American Express Sell-off Trend	Pair Corr
0.65	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.7	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.69	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Fairfax Pink Sheet

0.78	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.7	EC	Ecopetrol SA ADR	Pair Corr
0.7	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.64	PKX	POSCO Holdings	Pair Corr
0.62	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.45	PTAIY	Astra International Tbk	Pair Corr
0.4	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.31	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	GDO	VTN	LRFC	VKI	VKQ	RAND	NOAH	PEO	BSIG	DHIL
GDO		0.23	-0.64	0.39	0.48	0.42	-0.54	-0.7	-0.8	-0.52	GDO
VTN	0.23		0.1	0.6	0.64	-0.04	-0.06	0.12	0.1	0.25	VTN
LRFC	-0.64	0.1		0.12	-0.1	-0.77	0.63	0.78	0.79	0.61	LRFC
VKI	0.39	0.6	0.12		0.76	-0.26	-0.07	-0.02	-0.02	0.21	VKI
VKQ	0.48	0.64	-0.1	0.76		-0.06	-0.17	-0.24	-0.19	-0.09	VKQ
RAND	0.42	-0.04	-0.77	-0.26	-0.06		-0.5	-0.45	-0.51	-0.34	RAND
NOAH	-0.54	-0.06	0.63	-0.07	-0.17	-0.5		0.76	0.37	0.18	NOAH
PEO	-0.7	0.12	0.78	-0.02	-0.24	-0.45	0.76		0.73	0.66	PEO
BSIG	-0.8	0.1	0.79	-0.02	-0.19	-0.51	0.37	0.73		0.85	BSIG
DHIL	-0.52	0.25	0.61	0.21	-0.09	-0.34	0.18	0.66	0.85		DHIL
	GDO	VTN	LRFC	VKI	VKQ	RAND	NOAH	PEO	BSIG	DHIL

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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

DHIL	+ 0.85	BSIG
BSIG	+ 0.79	LRFC
PEO	+ 0.78	LRFC
VKQ	+ 0.76	VKI
PEO	+ 0.76	NOAH
BSIG	+ 0.73	PEO

High negative correlations

BSIG	- 0.8	GDO
RAND	- 0.77	LRFC
PEO	- 0.7	GDO
LRFC	- 0.64	GDO
NOAH	- 0.54	GDO
DHIL	- 0.52	GDO

Risk-Adjusted Indicators

There is a big difference between Fairfax Pink Sheet performing well and Fairfax India 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 Fairfax India's 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
GDO	0.40	(0.10)	0.00	(1.11)	0.00	0.00	0.72	(0.98)	2.01
VTN	0.35	0.03	(0.13)	5.31	0.44	(0.37)	0.71	(0.70)	2.23
LRFC	1.07	0.24	0.11	14.21	0.92	(1.37)	2.65	(1.81)	14.42
VKI	0.42	0.06	(0.08)	18.24	0.35	(0.50)	0.89	(0.66)	2.47
VKQ	0.41	0.05	(0.11)	(2.40)	0.39	(0.51)	0.91	(0.90)	2.19
RAND	1.35	(0.19)	0.00	(1.26)	0.00	0.00	2.19	(3.25)	10.90
NOAH	2.75	0.70	0.19	3.04	2.54	(3.01)	9.39	(5.25)	19.74
PEO	0.69	0.00	(0.04)	0.10	0.97	(0.70)	1.63	(1.48)	4.69
BSIG	1.39	0.18	0.14	0.20	1.29	(1.47)	3.12	(3.01)	9.55
DHIL	1.26	(0.06)	(0.01)	0.06	1.20	(1.59)	2.22	(2.05)	9.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fairfax India without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Fairfax India Corporate Management

Amy Tan	CEO Ltd	Profile
Gopalakrishnan Soundarajan	COO Director	Profile
Jennifer Pankratz	Gen Sec	Profile
Amy Sherk	Chief Officer	Profile
B BTech	CEO Director	Profile
Prem Watsa	Founder Chairman	Profile
John CPA	VP Affairs	Profile

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