Stifel Financial Correlations

Preferred Stocks . USA . 
Preferred Stock . Stifel Financial Corp
SF-PD Preferred Stock   18.08  0.01  0.06%   
The current 90-days correlation between Stifel Financial Corp and Stifel Financial Corp is 0.44 (i.e., Very weak diversification). The correlation of Stifel 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.

Stifel Financial Correlation With Market

Weak diversification

The correlation between Stifel Financial Corp and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stifel Financial Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Stifel 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 Stifel 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 Stifel 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 Stifel Financial Corp to buy it.

Moving together with Stifel Preferred Stock

  0.71SCHW-PJ Charles SchwabPairCorr
  0.66SCHW-PD Charles SchwabPairCorr
  0.81SF-PB Stifel Financial CorpPairCorr

Moving against Stifel Preferred Stock

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  0.56ILLR Triller Group Symbol ChangePairCorr
  0.44GRYP Gryphon Digital Mining Earnings Call TomorrowPairCorr
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  0.41HIVE HIVE Blockchain TechPairCorr
  0.36FUFUW BitFuFu WarrantPairCorr
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  0.32CIFRW Cipher MiningPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Stifel Preferred Stock performing well and Stifel 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 Stifel 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Stifel 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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Stifel Financial Corporate Management

Victor NesiCoPres GroupProfile
David Roderickvice presidentProfile
Bradford RaymondGlobal BankingProfile
Thomas WeiselMD DirectorProfile
James ZemlyakCoPres ManagementProfile
James MarischenVP CFOProfile
Michael CFAChief OfficerProfile
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