Jefferies Financial Correlations

J1EF34 Stock

BRL 487.06 3.94 0.80%

The current 90-days correlation between Jefferies Financial and Roper Technologies, is -0.1 (i.e., Good diversification). The correlation of Jefferies Financial 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.

Jefferies Financial Correlation With Market

Good diversification

The correlation between Jefferies Financial Group and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jefferies Financial Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Jefferies Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jefferies Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jefferies Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jefferies Financial Group to buy it.

Moving together with Jefferies Stock

0.74	TMCO34	Toyota Motor	Pair Corr
0.79	TSMC34	Taiwan Semiconductor	Pair Corr
0.87	SNEC34	Sony Group Split	Pair Corr
0.95	S1MF34	Sumitomo Mitsui Financial	Pair Corr
0.92	H1DB34	HDFC Bank Limited	Pair Corr
0.92	NMRH34	Nomura Holdings	Pair Corr
0.9	AAPL34	Apple Inc	Pair Corr

Moving against Jefferies Stock

0.62

HOND34

Honda Motor

Pair Corr

Related Correlations Analysis

	NORD3	R1OP34	P1YC34	T2YL34	T1TW34	CTSH34	D1EL34	B2UR34
NORD3		-0.4	-0.79	-0.88	-0.88	-0.55	-0.54	-0.63	NORD3
R1OP34	-0.4		0.4	0.32	0.46	0.17	-0.21	0.83	R1OP34
P1YC34	-0.79	0.4		0.86	0.94	0.53	0.59	0.58	P1YC34
T2YL34	-0.88	0.32	0.86		0.91	0.66	0.58	0.56	T2YL34
T1TW34	-0.88	0.46	0.94	0.91		0.61	0.59	0.67	T1TW34
CTSH34	-0.55	0.17	0.53	0.66	0.61		0.46	0.26	CTSH34
D1EL34	-0.54	-0.21	0.59	0.58	0.59	0.46		-0.05	D1EL34
B2UR34	-0.63	0.83	0.58	0.56	0.67	0.26	-0.05		B2UR34
	NORD3	R1OP34	P1YC34	T2YL34	T1TW34	CTSH34	D1EL34	B2UR34

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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

T1TW34	+ 0.94	P1YC34
T1TW34	+ 0.91	T2YL34
T2YL34	+ 0.86	P1YC34
B2UR34	+ 0.83	R1OP34
B2UR34	+ 0.67	T1TW34
CTSH34	+ 0.66	T2YL34

High negative correlations

T1TW34	- 0.88	NORD3
T2YL34	- 0.88	NORD3
P1YC34	- 0.79	NORD3
B2UR34	- 0.63	NORD3
CTSH34	- 0.55	NORD3
D1EL34	- 0.54	NORD3

Risk-Adjusted Indicators

There is a big difference between Jefferies Stock performing well and Jefferies Financial 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 Jefferies Financial'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
NORD3	2.60	(0.67)	0.00	3.42	0.00	0.00	5.60	(9.09)	18.29
R1OP34	0.37	0.13	0.00	(0.82)	0.00	0.00	0.00	0.00	12.50
P1YC34	1.75	0.47	0.10	1.30	1.75	(3.13)	4.73	(2.85)	36.37
T2YL34	1.17	0.22	0.10	0.67	1.13	(2.38)	3.43	(2.57)	10.63
T1TW34	1.23	0.52	0.33	(26.23)	1.08	(1.44)	2.96	(1.99)	12.15
CTSH34	0.22	0.01	0.00	0.25	0.00	0.00	0.70	0.00	7.66
D1EL34	2.04	0.15	0.05	1.74	2.82	(2.20)	4.29	(4.01)	16.68
B2UR34	0.89	0.28	0.00	(0.81)	0.00	0.00	2.67	(1.40)	17.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jefferies Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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