Burford Capital Correlations

BUR Stock

USD 14.11 0.07 0.50%

The correlation of Burford Capital 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Burford Capital Correlation With Market

Very weak diversification

The correlation between Burford Capital and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Burford Capital 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 Burford Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in Burford Stock, please use our How to Invest in Burford Capital guide.

Moving together with Burford Stock

0.83	V	Visa Class A Sell-off Trend	Pair Corr
0.82	AC	Associated Capital	Pair Corr
0.72	GS	Goldman Sachs Group	Pair Corr
0.84	MA	Mastercard	Pair Corr
0.67	XP	Xp Inc Normal Trading	Pair Corr
0.76	DOMH	Dominari Holdings Downward Rally	Pair Corr
0.9	GCMGW	GCM Grosvenor	Pair Corr
0.67	EMCGU	Embrace Change Acqui	Pair Corr

Moving against Burford Stock

0.42	DHIL	Diamond Hill Investment	Pair Corr
0.35	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.31	TW	Tradeweb Markets Normal Trading	Pair Corr
0.49	VRTS	Virtus Investment	Pair Corr
0.48	LGHLW	Lion Financial Group	Pair Corr
0.39	WD	Walker Dunlop	Pair Corr

Related Correlations Analysis

	BSIG	FTF	MUI	MVF	FRA	FMN	MYD	DHIL	NXG	FHI
BSIG		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BSIG
FTF	0.0		-0.07	0.77	-0.61	0.64	0.64	-0.36	0.78	-0.47	FTF
MUI	0.0	-0.07		-0.16	0.17	-0.13	-0.18	0.12	-0.03	0.06	MUI
MVF	0.0	0.77	-0.16		-0.41	0.88	0.86	-0.25	0.59	-0.33	MVF
FRA	0.0	-0.61	0.17	-0.41		-0.16	-0.15	0.77	-0.75	0.86	FRA
FMN	0.0	0.64	-0.13	0.88	-0.16		0.92	-0.09	0.4	-0.13	FMN
MYD	0.0	0.64	-0.18	0.86	-0.15	0.92		-0.02	0.42	-0.06	MYD
DHIL	0.0	-0.36	0.12	-0.25	0.77	-0.09	-0.02		-0.43	0.85	DHIL
NXG	0.0	0.78	-0.03	0.59	-0.75	0.4	0.42	-0.43		-0.65	NXG
FHI	0.0	-0.47	0.06	-0.33	0.86	-0.13	-0.06	0.85	-0.65		FHI
	BSIG	FTF	MUI	MVF	FRA	FMN	MYD	DHIL	NXG	FHI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

MYD	+ 0.92	FMN
FMN	+ 0.88	MVF
MYD	+ 0.86	MVF
FHI	+ 0.86	FRA
FHI	+ 0.85	DHIL
NXG	+ 0.78	FTF

High negative correlations

NXG	- 0.75	FRA
FHI	- 0.65	NXG
FRA	- 0.61	FTF
FHI	- 0.47	FTF
NXG	- 0.43	DHIL
FRA	- 0.41	MVF

Risk-Adjusted Indicators

There is a big difference between Burford Stock performing well and Burford Capital 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 Burford Capital'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
BSIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTF	0.46	0.00	0.00	(0.07)	0.00	0.00	0.81	(0.92)	3.29
MUI	0.39	(0.03)	0.00	17.39	0.00	0.00	0.58	(1.01)	3.07
MVF	0.50	(0.04)	0.00	(0.38)	0.00	0.00	0.84	(1.11)	3.98
FRA	0.47	(0.12)	0.00	(0.72)	0.00	0.00	1.02	(1.22)	3.05
FMN	0.44	(0.06)	0.00	(0.45)	0.00	0.00	0.80	(0.99)	3.00
MYD	0.47	(0.08)	0.00	(0.56)	0.00	0.00	0.97	(1.06)	2.63
DHIL	0.87	(0.08)	0.00	(0.18)	0.00	0.00	1.52	(2.53)	5.26
NXG	1.60	0.10	0.06	0.52	2.73	(1.48)	3.26	(4.66)	13.35
FHI	0.88	(0.04)	0.00	(0.13)	0.00	0.00	1.66	(2.41)	6.23

Burford Capital Corporate Management

Jonathan Molot	Chief Investment Officer	Profile
Charles ACA	Chief Officer	Profile
Chermia Hoeffner	Vice Resources	Profile
Mark Klein	Chief Administrative Officer, General Counsel	Profile
Craig Arnott	Deputy Chief Investment Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC