Conifer Holding Correlations
| CNFR Stock | USD 1.14 0.01 0.87% |
The current 90-days correlation between Conifer Holding and Wilhelmina is -0.05 (i.e., Good diversification). The correlation of Conifer Holding 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.
Conifer Holding Correlation With Market
Very good diversification
The correlation between Conifer Holding and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conifer Holding and DJI in the same portfolio, assuming nothing else is changed.
Conifer |
Moving against Conifer Stock
Related Correlations Analysis
| -0.19 | 0.91 | -0.48 | -0.08 | WHLM | ||
| -0.19 | -0.22 | 0.25 | 0.07 | UNAM | ||
| 0.91 | -0.22 | -0.54 | -0.11 | CMCT | ||
| -0.48 | 0.25 | -0.54 | 0.19 | KINS | ||
| -0.08 | 0.07 | -0.11 | 0.19 | CPHC | ||
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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 Conifer Stock performing well and Conifer Holding 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 Conifer Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WHLM | 2.97 | (0.53) | 0.00 | (3.13) | 0.00 | 6.54 | 39.65 | |||
| UNAM | 1.70 | 0.25 | 0.00 | 0.33 | 0.00 | 0.00 | 42.25 | |||
| CMCT | 5.89 | (2.83) | 0.00 | (1.06) | 0.00 | 8.70 | 62.92 | |||
| KINS | 2.84 | 0.75 | 0.19 | 2.38 | 2.69 | 6.56 | 18.15 | |||
| CPHC | 1.56 | (0.04) | (0.04) | 0.00 | 2.09 | 3.63 | 9.71 |
Conifer Holding Corporate Executives
Elected by the shareholders, the Conifer Holding's board of directors comprises two types of representatives: Conifer Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Conifer. The board's role is to monitor Conifer Holding's management team and ensure that shareholders' interests are well served. Conifer Holding'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, Conifer Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Harold Meloche | CFO, Treasurer | Profile |