Conifer Holding Correlations

CNFR Stock

USD 0.66 0.02 3.13%

The correlation of Conifer Holding 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.

Conifer Holding Correlation With Market

Good diversification

The correlation between Conifer Holding and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conifer Holding 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 Conifer Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

To learn how to invest in Conifer Stock, please use our How to Invest in Conifer Holding guide.

Moving against Conifer Stock

0.81	HCI	HCI Group	Pair Corr
0.79	ALL	Allstate	Pair Corr
0.78	THG	Hanover Insurance	Pair Corr
0.73	PGR	Progressive Corp	Pair Corr
0.64	BOW	Bowhead Specialty	Pair Corr
0.62	CB	Chubb	Pair Corr
0.62	STC	Stewart Information	Pair Corr
0.55	HMN	Horace Mann Educators	Pair Corr
0.55	UVE	Universal Insurance	Pair Corr
0.54	TRV	The Travelers Companies	Pair Corr
0.4	MKL	Markel	Pair Corr
0.39	PRA	ProAssurance Trending	Pair Corr
0.79	WRB	W R Berkley	Pair Corr
0.73	SIGIP	Selective Insurance	Pair Corr
0.67	HRTG	Heritage Insurance Hldgs Normal Trading	Pair Corr
0.56	ALL-PJ	Allstate	Pair Corr
0.53	PLMR	Palomar Holdings	Pair Corr
0.48	ROOT	Root Inc Normal Trading	Pair Corr
0.37	KNSL	Kinsale Capital Group	Pair Corr
0.35	KMPR	Kemper	Pair Corr
0.78	DGICA	Donegal Group A	Pair Corr
0.55	UFCS	United Fire Group	Pair Corr
0.47	CINF	Cincinnati Financial	Pair Corr
0.36	ARGO-PA	Argo Group International	Pair Corr

Related Correlations Analysis

	WHLM	UNAM	CMCT	KINS	CPHC
WHLM		0.0	0.0	0.0	0.0	WHLM
UNAM	0.0		0.0	0.0	0.0	UNAM
CMCT	0.0	0.0		-0.18	0.58	CMCT
KINS	0.0	0.0	-0.18		0.08	KINS
CPHC	0.0	0.0	0.58	0.08		CPHC
	WHLM	UNAM	CMCT	KINS	CPHC

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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

CPHC	+ 0.58	CMCT
CPHC	+ 0.08	KINS
UNAM	+ 0.0	WHLM
CMCT	+ 0.0	WHLM
KINS	+ 0.0	WHLM
CPHC	+ 0.0	WHLM

High negative correlations

KINS	- 0.18	CMCT
CPHC	- 0.0	UNAM
KINS	- 0.0	UNAM
CMCT	- 0.0	UNAM
CPHC	- 0.0	WHLM
KINS	- 0.0	WHLM

Risk-Adjusted Indicators

There is a big difference between Conifer Stock performing well and Conifer Holding 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 Conifer Holding'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
WHLM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UNAM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMCT	7.55	(1.80)	0.00	(6.96)	0.00	0.00	14.29	(16.75)	85.91
KINS	3.19	0.14	0.06	(0.49)	3.76	(3.37)	5.72	(6.56)	28.69
CPHC	1.61	(0.08)	0.00	(0.27)	0.00	0.00	2.81	(3.22)	13.61

Conifer Holding Corporate Executives

Elected by the shareholders, the Conifer Holding's board of directors comprises two types of representatives: Conifer Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Conifer. The board's role is to monitor Conifer Holding's management team and ensure that shareholders' interests are well served. Conifer Holding's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Conifer Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Harold Meloche	CFO, Treasurer	Profile
	Harold CPA	Treasurer CFO	Profile

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