Challenger Correlations
| CFIGF Stock | USD 5.40 0.00 0.00% |
The current 90-days correlation between Challenger Limited and E L Financial Corp is 0.25 (i.e., Modest diversification). The correlation of Challenger 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.
Challenger Correlation With Market
Very good diversification
The correlation between Challenger Limited and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Challenger Limited and DJI in the same portfolio, assuming nothing else is changed.
Challenger |
The ability to find closely correlated positions to Challenger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Challenger 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 Challenger - 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 Challenger Limited to buy it.
Moving together with Challenger Pink Sheet
Moving against Challenger Pink Sheet
| 0.86 | MFC | Manulife Financial Corp | PairCorr |
| 0.76 | 2881 | Fubon Financial Holding | PairCorr |
| 0.7 | CILJF | China Life Insurance | PairCorr |
| 0.66 | PNGAY | Ping An Insurance | PairCorr |
| 0.62 | PIAIF | Ping An Insurance | PairCorr |
| 0.53 | SZKMF | Suzuki Motor | PairCorr |
| 0.5 | AAGIY | AIA Group Normal Trading | PairCorr |
| 0.39 | AAIGF | AIA Group | PairCorr |
| 0.39 | MZDAF | Mazda Motor | PairCorr |
| 0.83 | BORR | Borr Drilling | PairCorr |
| 0.81 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.79 | MNRO | Monro Muffler Brake | PairCorr |
| 0.78 | GDYN | Grid Dynamics Holdings | PairCorr |
| 0.77 | RIVN | Rivian Automotive Sell-off Trend | PairCorr |
| 0.74 | AER | AerCap Holdings NV | PairCorr |
| 0.66 | NAUT | Nautilus Biotechnology | PairCorr |
| 0.53 | WSBK | Winchester Bancorp, | PairCorr |
| 0.51 | CPAC | Cementos Pacasmayo SAA | PairCorr |
| 0.46 | PFE | Pfizer Inc | PairCorr |
| 0.45 | SSAAF | SSAB AB | PairCorr |
| 0.36 | XFOR | X4 Pharmaceuticals Upward Rally | PairCorr |
| 0.91 | FBKIF | First International Bank | PairCorr |
| 0.9 | HIRU | Hiru | PairCorr |
| 0.83 | JNJ | Johnson Johnson | PairCorr |
| 0.83 | 02377BAB2 | US02377BAB27 | PairCorr |
| 0.77 | URBN | Urban Outfitters | PairCorr |
| 0.75 | DGWR | Critic Clothing | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Challenger Pink Sheet performing well and Challenger 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 Challenger'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELFIF | 0.82 | 0.05 | 0.00 | 0.21 | 0.91 | 1.76 | 7.02 | |||
| WWUEY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GIVSY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DCYHF | 0.04 | 0.01 | 0.00 | (0.49) | 0.00 | 0.00 | 1.32 | |||
| ODMUF | 1.01 | 0.58 | 0.00 | (0.56) | 0.00 | 0.00 | 30.00 | |||
| CINSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BKCYF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RMGOF | 0.30 | 0.17 | 0.00 | (0.38) | 0.00 | 0.00 | 9.46 | |||
| RITPF | 0.55 | 0.15 | 0.00 | 10.58 | 0.00 | 0.00 | 12.55 | |||
| IFZZF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Challenger 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?
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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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Challenger Corporate Management
| Nicolas Hamilton | CEO MD | Profile | |
| Jeremy Cooper | Chairman Income | Profile | |
| Michael Vardanega | Head Transition | Profile | |
| Mark Chen | Gen Relations | Profile | |
| BBuild AMP | Head Property | Profile | |
| Jane Keeley | Head Communications | Profile | |
| Christopher Plater | Deputy Officer | Profile |