Citizens Correlations

CIA Stock

USD 5.16 0.08 1.53%

The current 90-days correlation between Citizens and NI Holdings is 0.24 (i.e., Modest diversification). The correlation of Citizens 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.

Citizens Correlation With Market

Modest diversification

The correlation between Citizens and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citizens and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Citizens Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Citizens. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Citizens Stock refer to our How to Trade Citizens Stock guide.

Moving against Citizens Stock

0.5	PFG	Principal Financial	Pair Corr
0.37	LNC	Lincoln National	Pair Corr
0.35	PRU	Prudential Financial	Pair Corr
0.33	FG	FG Annuities Life	Pair Corr
0.33	SFC	Alignvest Acquisition	Pair Corr
0.31	MET	MetLife	Pair Corr
0.31	MFC	Manulife Financial Corp	Pair Corr
0.31	LGEN	Legal General Group	Pair Corr
0.46	HLI	Helia Group	Pair Corr
0.36	HSD	Hansard Global Plc	Pair Corr
0.33	GWO	Great West Lifeco	Pair Corr

Related Correlations Analysis

	NODK	DXYZ	CZNC	WSBF	FSBW	GRAF	LEGT	LPAA	PLBC	ETHZ
NODK		0.4	0.72	0.63	0.67	0.47	-0.07	0.54	0.66	-0.55	NODK
DXYZ	0.4		0.62	0.63	0.57	0.08	-0.18	0.59	0.64	-0.28	DXYZ
CZNC	0.72	0.62		0.96	0.92	0.6	-0.12	0.75	0.94	-0.77	CZNC
WSBF	0.63	0.63	0.96		0.92	0.58	-0.05	0.79	0.92	-0.78	WSBF
FSBW	0.67	0.57	0.92	0.92		0.55	0.04	0.74	0.92	-0.73	FSBW
GRAF	0.47	0.08	0.6	0.58	0.55		0.12	0.38	0.5	-0.57	GRAF
LEGT	-0.07	-0.18	-0.12	-0.05	0.04	0.12		-0.04	-0.09	-0.04	LEGT
LPAA	0.54	0.59	0.75	0.79	0.74	0.38	-0.04		0.8	-0.79	LPAA
PLBC	0.66	0.64	0.94	0.92	0.92	0.5	-0.09	0.8		-0.79	PLBC
ETHZ	-0.55	-0.28	-0.77	-0.78	-0.73	-0.57	-0.04	-0.79	-0.79		ETHZ
	NODK	DXYZ	CZNC	WSBF	FSBW	GRAF	LEGT	LPAA	PLBC	ETHZ

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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

WSBF	+ 0.96	CZNC
PLBC	+ 0.94	CZNC
FSBW	+ 0.92	CZNC
FSBW	+ 0.92	WSBF
PLBC	+ 0.92	WSBF
PLBC	+ 0.92	FSBW

High negative correlations

ETHZ	- 0.79	PLBC
ETHZ	- 0.79	LPAA
ETHZ	- 0.78	WSBF
ETHZ	- 0.77	CZNC
ETHZ	- 0.73	FSBW
ETHZ	- 0.57	GRAF

Risk-Adjusted Indicators

There is a big difference between Citizens Stock performing well and Citizens 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 Citizens' 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
NODK	1.12	0.01	(0.02)	0.08	1.46	(1.21)	2.58	(2.08)	9.09
DXYZ	3.52	0.04	0.03	0.08	4.17	(4.25)	7.96	(9.52)	28.19
CZNC	0.91	0.04	0.01	0.13	1.25	(0.97)	1.69	(1.71)	7.24
WSBF	0.95	0.08	0.06	0.15	1.05	(1.06)	2.54	(2.35)	6.37
FSBW	1.26	0.05	0.02	0.13	1.26	(1.49)	3.28	(2.33)	10.30
GRAF	0.18	0.02	(0.12)	(1.16)	0.18	(0.28)	0.38	(0.38)	2.60
LEGT	0.34	0.02	(0.06)	(0.06)	0.55	(0.48)	0.90	(0.73)	4.86
LPAA	0.10	0.00	(0.33)	(0.38)	0.02	(0.16)	0.28	(0.19)	0.76
PLBC	0.88	0.05	0.04	0.13	0.88	(0.95)	2.75	(1.59)	5.11
ETHZ	5.62	(2.56)	0.00	(0.70)	0.00	0.00	12.34	(12.25)	34.21

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