CIFI Holdings Correlations

Stocks . Germany . 
Stock . CIFI Holdings Co
6CI Stock  EUR 0.02  0.0005  2.08%   
The current 90-days correlation between CIFI Holdings and MAG SILVER is 0.08 (i.e., Significant diversification). The correlation of CIFI 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.

CIFI Holdings Correlation With Market

Average diversification

The correlation between CIFI Holdings Co and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CIFI Holdings Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to CIFI Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CIFI Holdings 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 CIFI Holdings - 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 CIFI Holdings Co to buy it.

Moving together with CIFI Stock

  0.69CHZ China Resources LandPairCorr
  0.96FLA SEAZEN GROUP LTDPairCorr
  0.65A1A Atrium LjungbergPairCorr
  0.680RJ REDSUN PROPERTIESPairCorr
  0.772PR3 Pruksa Holding PublicPairCorr
  0.62PQ9 BANK MANDIRIPairCorr
  0.64BYRA BANK RAKYAT IND Earnings Call This WeekPairCorr
  0.68BYRA BANK RAKYAT IND Earnings Call This WeekPairCorr
  0.68DBPD Xtrackers ShortDAXPairCorr

Moving against CIFI Stock

  0.76SAP SAP SEPairCorr
  0.721T1 TechnipFMC PLCPairCorr
  0.72WMT WalmartPairCorr
  0.69ZYA State StreetPairCorr
  0.686EQ EQT ABPairCorr
  0.669TG0 GAZTRTECHNIUADR1/5EO01PairCorr
  0.65AIR Airbus SEPairCorr
  0.62E908 Lyxor 1PairCorr
  0.62DBPE Xtrackers LevDAXPairCorr
  0.313YZ CTP NV EOPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
0HE1
+ 0.82
MQ8
0HE1
+ 0.73
FJZ
285
+ 0.71
GUG
FJZ
+ 0.65
MQ8
285
+ 0.14
BEW
MQ8
+ 0.08
BEW
  
High negative correlations   
0HE1
- 0.82
285
MQ8
- 0.72
285
0HE1
- 0.69
GUG
MQ8
- 0.64
GUG
FJZ
- 0.59
285
FJZ
- 0.33
GUG

Risk-Adjusted Indicators

There is a big difference between CIFI Stock performing well and CIFI 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 CIFI Holdings' 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 CIFI Holdings 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.

Did you try this?

Run Portfolio Volatility Now

   

Portfolio Volatility

Check portfolio volatility and analyze historical return density to properly model market risk
All  Next Launch Module
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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY