Conifer Holdings, Correlations

CNFRZ Stock

21.39 0.61 2.77%

The current 90-days correlation between Conifer Holdings, 975 and Cheer Holding is 0.02 (i.e., Significant diversification). The correlation of Conifer 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Conifer Holdings, Correlation With Market

Good diversification

The correlation between Conifer Holdings, 975 and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conifer Holdings, 975 and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Conifer Stock

0.61	GL	Globe Life	Pair Corr
0.68	ESNT	Essent Group	Pair Corr
0.65	AEG	Aegon NV ADR	Pair Corr
0.73	BHF	Brighthouse Financial Normal Trading	Pair Corr
0.73	CIA	Citizens	Pair Corr
0.63	CNO	CNO Financial Group	Pair Corr
0.7	EQH	Axa Equitable Holdings	Pair Corr

Moving against Conifer Stock

0.52	EG	Everest Group	Pair Corr
0.35	AFG	American Financial	Pair Corr
0.33	FIHL	Fidelis Insurance	Pair Corr
0.35	KFS	Kingsway Financial	Pair Corr
0.32	EIG	Employers Holdings	Pair Corr

Related Correlations Analysis

	CHR	ASUR	BOSC	ZZHGY	UPLD	CMPR	COE	NTGR
CHR		0.38	-0.22	0.32	0.91	0.74	-0.06	0.79	CHR
ASUR	0.38		0.51	-0.54	0.19	0.14	0.42	0.39	ASUR
BOSC	-0.22	0.51		-0.71	-0.28	-0.58	0.46	-0.16	BOSC
ZZHGY	0.32	-0.54	-0.71		0.37	0.47	-0.61	0.16	ZZHGY
UPLD	0.91	0.19	-0.28	0.37		0.75	-0.11	0.71	UPLD
CMPR	0.74	0.14	-0.58	0.47	0.75		-0.31	0.52	CMPR
COE	-0.06	0.42	0.46	-0.61	-0.11	-0.31		0.12	COE
NTGR	0.79	0.39	-0.16	0.16	0.71	0.52	0.12		NTGR
	CHR	ASUR	BOSC	ZZHGY	UPLD	CMPR	COE	NTGR

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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

UPLD	+ 0.91	CHR
NTGR	+ 0.79	CHR
CMPR	+ 0.75	UPLD
CMPR	+ 0.74	CHR
NTGR	+ 0.71	UPLD
NTGR	+ 0.52	CMPR

High negative correlations

ZZHGY	- 0.71	BOSC
COE	- 0.61	ZZHGY
CMPR	- 0.58	BOSC
ZZHGY	- 0.54	ASUR
COE	- 0.31	CMPR
UPLD	- 0.28	BOSC

Risk-Adjusted Indicators

There is a big difference between Conifer Stock performing well and Conifer 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 Conifer Holdings,'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
CHR	2.57	(0.63)	0.00	(0.92)	0.00	0.00	4.73	(6.69)	21.19
ASUR	2.26	0.15	0.05	0.08	2.47	(2.98)	4.04	(4.10)	21.20
BOSC	2.46	0.31	0.11	0.21	2.55	(2.89)	5.45	(4.01)	19.52
ZZHGY	0.95	(0.47)	0.00	(0.86)	0.00	0.00	0.00	0.00	31.89
UPLD	3.89	(0.34)	0.00	(0.71)	0.00	0.00	8.39	(8.24)	22.47
CMPR	2.11	(0.87)	0.00	(0.95)	0.00	0.00	4.08	(5.34)	11.06
COE	2.92	0.34	0.10	(1.10)	3.25	(3.92)	9.36	(5.27)	23.94
NTGR	2.28	0.00	0.00	(0.04)	0.00	0.00	4.49	(5.11)	12.12

Conifer Holdings, Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Conifer Holdings, stock to make a market-neutral strategy. Peer analysis of Conifer Holdings, could also be used in its relative valuation, which is a method of valuing Conifer Holdings, by comparing valuation metrics with similar companies.

Cheer Holding Asure Software BOS Better Online ZhongAn Online P Upland Software Cimpress NV 51Talk Online Education NETGEAR American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Conifer Holdings, Corporate Executives

Elected by the shareholders, the Conifer Holdings,'s board of directors comprises two types of representatives: Conifer Holdings, 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 Holdings,'s management team and ensure that shareholders' interests are well served. Conifer Holdings,'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 Holdings,'s outside directors are responsible for providing unbiased perspectives on the board's policies.

	Harold Meloche	Treasurer CFO	Profile
	Harold CPA	Treasurer CFO	Profile

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