CIM FINANCIAL Correlations
| CIM Stock | 14.40 0.40 2.86% |
The current 90-days correlation between CIM FINANCIAL SERVICES and NATIONAL INVESTMENT TRUST is -0.23 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CIM FINANCIAL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CIM FINANCIAL SERVICES moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
CIM FINANCIAL Correlation With Market
Very good diversification
The correlation between CIM FINANCIAL SERVICES and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CIM FINANCIAL SERVICES and DJI in the same portfolio, assuming nothing else is changed.
CIM |
The ability to find closely correlated positions to CIM FINANCIAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CIM FINANCIAL 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 CIM FINANCIAL - 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 CIM FINANCIAL SERVICES to buy it.
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CIM Stock performing well and CIM FINANCIAL 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 CIM FINANCIAL'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NITL | 2.62 | (0.26) | 0.00 | 0.74 | 0.00 | 6.81 | 23.71 | |||
| SCT | 0.51 | (0.12) | 0.00 | (1.90) | 0.00 | 0.33 | 11.66 | |||
| ATIL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QBL | 1.32 | 0.52 | 0.00 | 2.61 | 0.00 | 1.43 | 20.00 | |||
| HTLS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CIM | 0.71 | 0.13 | 0.01 | (0.24) | 0.83 | 2.86 | 6.63 | |||
| PBL | 0.15 | 0.03 | 0.00 | 3.76 | 0.00 | 0.56 | 2.24 | |||
| PSGK | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
CIM FINANCIAL Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CIM FINANCIAL stock to make a market-neutral strategy. Peer analysis of CIM FINANCIAL could also be used in its relative valuation, which is a method of valuing CIM FINANCIAL by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |