Capitol Federal Correlations

CFW Stock  EUR 6.25  0.10  1.63%   
The current 90-days correlation between Capitol Federal Financial and Superior Plus Corp is -0.38 (i.e., Very good diversification). The correlation of Capitol Federal 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.

Capitol Federal Correlation With Market

Good diversification

The correlation between Capitol Federal Financial and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capitol Federal Financial and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Capitol Federal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capitol Federal 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 Capitol Federal - 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 Capitol Federal Financial to buy it.

Moving together with Capitol Stock

  0.86PQ3 Provident FinancialPairCorr
  0.84NHS Northwest BancsharesPairCorr
  0.639TB Territorial BancorpPairCorr
  0.73W5E Peel Mining LimitedPairCorr

Moving against Capitol Stock

  0.36DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

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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   
IUI1CFW
RS6CFW
RS6INVN
RS6IUI1
RS6INL
INVNCFW
  
High negative correlations   
RS6VOW
VOWCFW
8SPCFW
VOWIUI1
VOWINVN
IUI18SP

Risk-Adjusted Indicators

There is a big difference between Capitol Stock performing well and Capitol Federal 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 Capitol Federal'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CFW  2.08  0.35  0.07 (2.09) 2.17 
 4.76 
 19.10 
9TB  1.92  0.00  0.06  0.14  2.18 
 4.92 
 15.49 
8SP  2.09 (0.27) 0.00 (0.12) 0.00 
 3.36 
 20.22 
39O1  3.58  0.20  0.02  5.03  3.52 
 8.41 
 24.06 
INVN  2.20  0.29  0.13  0.35  2.04 
 5.61 
 14.01 
IUI1  1.20  0.31  0.12 (1.76) 1.01 
 3.28 
 10.30 
INL  2.51  0.22  0.06  0.55  2.38 
 7.04 
 13.89 
VOW  1.28 (0.26) 0.00  19.02  0.00 
 2.24 
 9.42 
RS6  1.33  0.24  0.08  1.94  1.34 
 2.94 
 13.51 
3RKU  1.60  0.37  0.12  3.07  1.52 
 3.31 
 8.52 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Capitol Federal 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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Capitol Federal Corporate Management

Elected by the shareholders, the Capitol Federal's board of directors comprises two types of representatives: Capitol Federal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Capitol. The board's role is to monitor Capitol Federal's management team and ensure that shareholders' interests are well served. Capitol Federal's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Capitol Federal's outside directors are responsible for providing unbiased perspectives on the board's policies.