CIFI Holdings Correlations

6CI Stock

EUR 0.03 0 5.00%

The current 90-days correlation between CIFI Holdings and Compagnie Plastic Omnium is 0.12 (i.e., Average diversification). The correlation of CIFI 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.

CIFI Holdings Correlation With Market

Average diversification

The correlation between CIFI Holdings Co 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 CIFI Holdings Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CIFI Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CIFI Holdings 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 CIFI Holdings - 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 CIFI Holdings Co to buy it.

Moving together with CIFI Stock

0.89	CHZ	China Resources Land	Pair Corr
0.96	6FLA	SEAZEN GROUP LTD	Pair Corr
0.84	RDH	RADIANCE HLDGS GRPHD	Pair Corr
0.89	0RJ	REDSUN PROPERTIES	Pair Corr
0.74	52J	GANGLONG CHINA PRGRLTD	Pair Corr

Moving against CIFI Stock

0.35	NSE	Nomura Holdings	Pair Corr
0.34	7PI	Poste Italiane SpA	Pair Corr
0.42	MKL	Atea ASA	Pair Corr
0.41	GTX	Gentex	Pair Corr
0.39	HU3	Huntington Bancshares	Pair Corr
0.38	GM0N	GLOBUS MEDICAL A	Pair Corr
0.37	BKJ	Brinker International	Pair Corr
0.36	3O8	Omeros	Pair Corr
0.36	APC	Apple Inc	Pair Corr
0.35	TL0	Tesla Inc	Pair Corr
0.34	TC7	TIANDE CHEMICAL	Pair Corr
0.33	NU42	Ribbon Communications	Pair Corr
0.32	DGS	Envela Corp	Pair Corr
0.42	8CF	CLOUDFLARE INC A	Pair Corr
0.37	G8L	GREENLIGHT CAP RE	Pair Corr
0.35	MNL	Gruppo Mutuionline SpA	Pair Corr
0.35	J7Z	Jazz Pharmaceuticals plc	Pair Corr

Related Correlations Analysis

	BAK	MMX	CAI	VMC	EZM	NB9	GTR	CWW
BAK		0.21	0.51	0.47	0.25	0.4	0.5	0.47	BAK
MMX	0.21		0.77	0.92	0.01	0.92	0.73	0.78	MMX
CAI	0.51	0.77		0.9	0.4	0.89	0.83	0.93	CAI
VMC	0.47	0.92	0.9		0.17	0.96	0.87	0.9	VMC
EZM	0.25	0.01	0.4	0.17		0.19	0.13	0.17	EZM
NB9	0.4	0.92	0.89	0.96	0.19		0.85	0.9	NB9
GTR	0.5	0.73	0.83	0.87	0.13	0.85		0.88	GTR
CWW	0.47	0.78	0.93	0.9	0.17	0.9	0.88		CWW
	BAK	MMX	CAI	VMC	EZM	NB9	GTR	CWW

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Risk-Adjusted Indicators

There is a big difference between CIFI Stock performing well and CIFI 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 CIFI 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
BAK	1.35	0.06	0.01	(0.24)	1.75	(1.66)	2.76	(3.32)	7.86
MMX	1.04	0.04	0.02	0.10	1.18	(1.16)	2.20	(2.32)	6.91
CAI	0.66	0.19	0.25	4.56	0.38	(0.80)	1.77	(0.88)	5.81
VMC	1.14	0.15	0.09	0.43	1.10	(1.68)	1.75	(2.22)	12.91
EZM	2.23	0.25	0.08	(2.57)	2.44	(2.48)	4.67	(4.23)	14.48
NB9	1.70	0.09	0.05	0.08	1.74	(2.30)	4.02	(3.24)	16.82
GTR	2.32	0.20	0.07	0.32	2.76	(2.41)	6.38	(4.30)	16.97
CWW	1.05	0.06	0.03	0.14	1.23	(1.13)	2.19	(2.17)	6.17

Be your own money manager

Our tools can tell you how much better you can do entering a position in CIFI Holdings 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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