Cion Investment Correlations

CION Stock

USD 10.84 0.10 0.91%

The current 90-days correlation between Cion Investment Corp and Blackrock Muniyield is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cion Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cion Investment Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cion Investment Correlation With Market

Weak diversification

The correlation between Cion Investment Corp and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cion Investment Corp 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 Cion Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Cion Stock, please use our How to Invest in Cion Investment guide.

Moving together with Cion Stock

0.66	V	Visa Class A	Pair Corr
0.65	MA	Mastercard Sell-off Trend	Pair Corr
0.61	WSBF	Waterstone Financial	Pair Corr
0.7	BBDC	Barings BDC	Pair Corr
0.63	COOP	Mr Cooper Group	Pair Corr
0.65	AC	Associated Capital	Pair Corr

Moving against Cion Stock

0.39	WD	Walker Dunlop	Pair Corr
0.33	ORGN	Origin Materials	Pair Corr
0.39	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.45	IX	Orix Corp Ads	Pair Corr
0.44	EG	Everest Group	Pair Corr
0.39	KB	KB Financial Group	Pair Corr
0.31	LC	LendingClub Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	FMN	MYD	DHIL	NXG	FHI	MHN	CBH	CXH	BSIG
FMN		0.92	-0.27	0.36	-0.29	0.83	0.0	0.84	0.0	FMN
MYD	0.92		-0.26	0.39	-0.28	0.86	0.0	0.87	0.0	MYD
DHIL	-0.27	-0.26		-0.47	0.78	-0.12	0.0	-0.33	0.0	DHIL
NXG	0.36	0.39	-0.47		-0.68	0.24	0.0	0.4	0.0	NXG
FHI	-0.29	-0.28	0.78	-0.68		-0.24	0.0	-0.31	0.0	FHI
MHN	0.83	0.86	-0.12	0.24	-0.24		0.0	0.79	0.0	MHN
CBH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CBH
CXH	0.84	0.87	-0.33	0.4	-0.31	0.79	0.0		0.0	CXH
BSIG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BSIG
	FMN	MYD	DHIL	NXG	FHI	MHN	CBH	CXH	BSIG

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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

MYD	+ 0.92	FMN
CXH	+ 0.87	MYD
MHN	+ 0.86	MYD
CXH	+ 0.84	FMN
MHN	+ 0.83	FMN
CXH	+ 0.79	MHN

High negative correlations

FHI	- 0.68	NXG
NXG	- 0.47	DHIL
CXH	- 0.33	DHIL
CXH	- 0.31	FHI
FHI	- 0.29	FMN
FHI	- 0.28	MYD

Risk-Adjusted Indicators

There is a big difference between Cion Stock performing well and Cion Investment 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 Cion Investment'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
FMN	0.45	(0.02)	0.00	(0.19)	0.00	0.00	0.81	(0.99)	3.01
MYD	0.47	(0.04)	0.00	(0.30)	0.00	0.00	0.97	(1.06)	2.63
DHIL	0.88	(0.10)	0.00	(0.20)	0.00	0.00	1.52	(2.53)	5.26
NXG	1.56	0.14	0.06	0.21	2.69	(1.47)	3.26	(4.66)	13.35
FHI	0.90	(0.06)	0.00	(0.15)	0.00	0.00	1.66	(2.41)	6.23
MHN	0.47	(0.02)	0.00	(0.18)	0.00	0.00	0.87	(1.06)	2.81
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CXH	0.38	0.00	0.00	(0.11)	0.00	0.00	0.76	(1.00)	2.37
BSIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Cion Investment Corporate Management

Eric Pinero	Chief Legal Officer	Profile
Earl Hedin	Independent Director	Profile
Aron Schwartz	Independent Director	Profile
Gregg Bresner	President Chief Investment Officer	Profile
Edward Estrada	Independent Director	Profile

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