Jefferies Financial Correlations

Stocks . USA . 
Stock . Jefferies Financial Group
JEF Stock  USD 61.70  0.47  0.76%   
The current 90-days correlation between Jefferies Financial and PJT Partners is 0.61 (i.e., Poor 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

Poor diversification

The correlation between Jefferies Financial Group and DJI is 0.63 (i.e., Poor 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jefferies Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Jefferies Stock

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Moving against Jefferies Stock

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  0.5ANSCU Agriculture NaturalPairCorr
  0.48EMCGR Embrace Change AcquiPairCorr
  0.39EMCGW Embrace Change AcquiPairCorr

Related Correlations Analysis

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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.

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