Freedom Holding Correlations

FRHC Stock

USD 118.43 1.05 0.89%

The current 90-days correlation between Freedom Holding Corp and Oppenheimer Holdings is 0.28 (i.e., Modest diversification). The correlation of Freedom 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.

Freedom Holding Correlation With Market

Average diversification

The correlation between Freedom Holding Corp and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freedom Holding Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freedom Holding 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 rate.

Moving together with Freedom Stock

0.85	V	Visa Class A	Pair Corr
0.68	DHIL	Diamond Hill Investment	Pair Corr
0.81	AB	AllianceBernstein	Pair Corr
0.79	AC	Associated Capital	Pair Corr
0.87	BN	Brookfield Corp	Pair Corr
0.96	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.9	CG	Carlyle Group	Pair Corr
0.89	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.92	LC	LendingClub Corp	Pair Corr
0.74	LX	Lexinfintech Holdings Trending	Pair Corr
0.9	MA	Mastercard	Pair Corr
0.75	MC	Moelis	Pair Corr
0.95	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.86	PX	P10 Inc	Pair Corr
0.85	QD	Qudian Inc	Pair Corr
0.95	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.73	TW	Tradeweb Markets	Pair Corr
0.88	WT	WisdomTree	Pair Corr
0.93	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.81	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.91	VRTS	Virtus Investment	Pair Corr
0.89	ENVA	Enova International	Pair Corr
0.63	EZPW	EZCORP Inc	Pair Corr
0.9	WULF	Terawulf Buyout Trend	Pair Corr
0.94	APO	Apollo Global Management	Pair Corr
0.85	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.94	BAM	Brookfield Asset Man	Pair Corr
0.88	BEN	Franklin Resources	Pair Corr

Moving against Freedom Stock

0.86	WU	Western Union	Pair Corr
0.77	XP	Xp Inc Downward Rally	Pair Corr
0.65	RM	Regional Management Corp	Pair Corr
0.48	PT	Pintec Technology	Pair Corr
0.86	FCFS	FirstCash	Pair Corr
0.83	IX	Orix Corp Ads	Pair Corr
0.73	ORGN	Origin Materials	Pair Corr
0.43	EG	Everest Group	Pair Corr
0.41	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	NMR	SRL	OPY	HLI	SNEX	MFH	DFIN	CRMZ	MIGI	EVR
NMR		-0.51	0.65	0.51	0.59	0.67	-0.31	0.57	0.42	0.56	NMR
SRL	-0.51		-0.47	-0.33	-0.43	-0.57	0.3	-0.55	-0.2	-0.32	SRL
OPY	0.65	-0.47		0.78	0.86	0.58	-0.75	0.83	0.84	0.78	OPY
HLI	0.51	-0.33	0.78		0.96	0.7	-0.67	0.86	0.82	0.98	HLI
SNEX	0.59	-0.43	0.86	0.96		0.74	-0.72	0.92	0.83	0.95	SNEX
MFH	0.67	-0.57	0.58	0.7	0.74		-0.45	0.79	0.51	0.69	MFH
DFIN	-0.31	0.3	-0.75	-0.67	-0.72	-0.45		-0.7	-0.63	-0.61	DFIN
CRMZ	0.57	-0.55	0.83	0.86	0.92	0.79	-0.7		0.78	0.85	CRMZ
MIGI	0.42	-0.2	0.84	0.82	0.83	0.51	-0.63	0.78		0.83	MIGI
EVR	0.56	-0.32	0.78	0.98	0.95	0.69	-0.61	0.85	0.83		EVR
	NMR	SRL	OPY	HLI	SNEX	MFH	DFIN	CRMZ	MIGI	EVR

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

EVR	+ 0.98	HLI
SNEX	+ 0.96	HLI
EVR	+ 0.95	SNEX
CRMZ	+ 0.92	SNEX
SNEX	+ 0.86	OPY
CRMZ	+ 0.86	HLI

High negative correlations

DFIN	- 0.75	OPY
DFIN	- 0.72	SNEX
CRMZ	- 0.7	DFIN
DFIN	- 0.67	HLI
MIGI	- 0.63	DFIN
EVR	- 0.61	DFIN

Risk-Adjusted Indicators

There is a big difference between Freedom Stock performing well and Freedom 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 Freedom 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
NMR	1.52	(0.06)	(0.03)	0.05	2.02	(1.58)	3.01	(2.69)	8.85
SRL	1.75	(0.16)	0.00	(0.40)	0.00	0.00	3.41	(4.18)	15.25
OPY	1.29	0.17	0.13	0.30	0.95	(1.54)	2.58	(2.06)	13.50
HLI	1.24	0.13	0.14	0.19	1.05	(1.33)	2.31	(2.04)	12.41
SNEX	1.29	0.21	0.18	0.26	1.07	(1.55)	2.85	(2.15)	7.56
MFH	9.27	2.64	0.33	0.69	7.55	(13.14)	26.81	(9.64)	115.89
DFIN	1.39	(0.32)	0.00	(0.09)	0.00	0.00	3.03	(3.22)	11.70
CRMZ	2.14	0.60	0.17	0.94	1.96	(3.10)	5.45	(4.51)	18.15
MIGI	6.32	0.27	0.10	0.18	5.94	(7.96)	16.94	(9.55)	34.91
EVR	1.60	0.07	0.14	0.14	1.63	(1.84)	3.06	(2.72)	19.27

Freedom Holding Corporate Executives

Elected by the shareholders, the Freedom Holding's board of directors comprises two types of representatives: Freedom Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Freedom. The board's role is to monitor Freedom Holding's management team and ensure that shareholders' interests are well served. Freedom 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, Freedom Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Evgeny Ler	CFO, Treasurer	Profile
	Evgeniy Ler	CFO, Treasurer	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