Compagnie Financiere Correlations

CFRUY Stock

USD 17.83 0.07 0.39%

The current 90-days correlation between Compagnie Financiere and Christian Dior SE is 0.51 (i.e., Very weak diversification). The correlation of Compagnie Financiere 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Compagnie Financiere Correlation With Market

Good diversification

The correlation between Compagnie Financiere Richemont and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Compagnie Financiere Richemont and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Compagnie Financiere could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compagnie Financiere 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 Compagnie Financiere - 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 Compagnie Financiere Richemont to buy it.

Moving together with Compagnie Pink Sheet

0.9	LVMHF	LVMH Mot Hennessy Earnings Call This Week	Pair Corr
0.92	HESAY	Hermes International	Pair Corr
0.92	HESAF	Hermes International SCA	Pair Corr
0.77	CHDRY	Christian Dior SE	Pair Corr
0.77	CHDRF	Christian Dior SE	Pair Corr
0.97	CFRHF	Compagnie Financire	Pair Corr
0.61	FSTF	First State Financial	Pair Corr
0.69	HSAI	Hesai Group American	Pair Corr
0.73	AP	Ampco Pittsburgh	Pair Corr
0.8	EOSE	Eos Energy Enterprises	Pair Corr

Moving against Compagnie Pink Sheet

0.53	04015KAB6	US04015KAB61	Pair Corr
0.49	BTCT	BTC Digital Trending	Pair Corr

Related Correlations Analysis

	CJEWY	CHDRY	PPRUF	CHDRF	PPRUY	BURBY	SWGAY	CFRHF	CFRUY	HESAY
CJEWY		-0.16	0.34	-0.34	0.26	-0.51	0.62	-0.45	-0.43	-0.49	CJEWY
CHDRY	-0.16		0.62	0.59	0.7	0.13	0.21	0.76	0.77	0.76	CHDRY
PPRUF	0.34	0.62		0.4	0.92	-0.17	0.66	0.39	0.39	0.35	PPRUF
CHDRF	-0.34	0.59	0.4		0.4	0.06	0.02	0.77	0.77	0.73	CHDRF
PPRUY	0.26	0.7	0.92	0.4		-0.12	0.64	0.45	0.48	0.41	PPRUY
BURBY	-0.51	0.13	-0.17	0.06	-0.12		-0.66	0.38	0.35	0.52	BURBY
SWGAY	0.62	0.21	0.66	0.02	0.64	-0.66		-0.15	-0.1	-0.26	SWGAY
CFRHF	-0.45	0.76	0.39	0.77	0.45	0.38	-0.15		0.97	0.93	CFRHF
CFRUY	-0.43	0.77	0.39	0.77	0.48	0.35	-0.1	0.97		0.92	CFRUY
HESAY	-0.49	0.76	0.35	0.73	0.41	0.52	-0.26	0.93	0.92		HESAY
	CJEWY	CHDRY	PPRUF	CHDRF	PPRUY	BURBY	SWGAY	CFRHF	CFRUY	HESAY

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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

CFRUY	+ 0.97	CFRHF
HESAY	+ 0.93	CFRHF
PPRUY	+ 0.92	PPRUF
HESAY	+ 0.92	CFRUY
CFRUY	+ 0.77	CHDRY
CFRHF	+ 0.77	CHDRF

High negative correlations

SWGAY	- 0.66	BURBY
BURBY	- 0.51	CJEWY
HESAY	- 0.49	CJEWY
CFRHF	- 0.45	CJEWY
CFRUY	- 0.43	CJEWY
CHDRF	- 0.34	CJEWY

Risk-Adjusted Indicators

There is a big difference between Compagnie Pink Sheet performing well and Compagnie Financiere 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 Compagnie Financiere'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
CJEWY	1.24	(0.07)	0.00	(1.48)	0.00	0.00	3.95	(4.35)	10.84
CHDRY	2.07	0.04	0.01	(0.13)	2.55	(2.41)	5.50	(4.66)	13.53
PPRUF	2.39	0.04	0.00	(0.09)	2.90	(2.59)	5.61	(4.47)	12.70
CHDRF	1.45	0.15	0.03	0.34	2.30	(2.34)	4.36	(3.65)	14.96
PPRUY	1.83	0.03	0.00	(0.07)	2.63	(1.86)	5.34	(3.79)	13.97
BURBY	2.37	0.59	0.20	(0.93)	2.38	(2.77)	4.80	(4.89)	22.82
SWGAY	1.38	(0.20)	0.00	0.38	0.00	0.00	2.85	(3.37)	10.93
CFRHF	2.20	0.32	0.10	(0.37)	2.29	(2.63)	5.49	(4.66)	11.38
CFRUY	1.37	0.28	0.14	(0.46)	1.42	(1.67)	2.94	(2.18)	9.21
HESAY	1.21	0.17	0.09	(1.12)	1.39	(1.31)	4.26	(2.21)	9.40

Be your own money manager

Our tools can tell you how much better you can do entering a position in Compagnie Financiere 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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Compagnie Financiere Corporate Management

Eloy Michotte	Corp Director	Profile
Berangere Ruchat	Chief Officer	Profile
Cdric Bossert	Group Counsel	Profile
Patricia Gandji	Chief Regions	Profile
Sophie Cagnard	Head of Investor Relations	Profile

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