Crawford Correlations

CRD-A Stock

USD 11.77 0.07 0.59%

The current 90-days correlation between Crawford and CorVel Corp is 0.38 (i.e., Weak diversification). The correlation of Crawford 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.

Crawford Correlation With Market

Very weak diversification

The correlation between Crawford Company and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crawford Company and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Crawford Stock

0.84	EHTH	eHealth	Pair Corr
0.74	AON	Aon PLC	Pair Corr
0.71	BRO	Brown Brown Sell-off Trend	Pair Corr
0.64	WTW	Willis Towers Watson	Pair Corr
0.77	GOCO	GoHealth	Pair Corr
0.64	TWFG	TWFG, Class A Downward Rally	Pair Corr
0.85	C	Citigroup Aggressive Push	Pair Corr
0.72	DIST	Distoken Acquisition	Pair Corr
0.77	AB	AllianceBernstein	Pair Corr
0.81	AC	Associated Capital	Pair Corr
0.87	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.89	BN	Brookfield Corp	Pair Corr
0.77	BX	Blackstone Group Normal Trading	Pair Corr
0.9	CG	Carlyle Group	Pair Corr
0.64	CM	Canadian Imperial Bank Sell-off Trend	Pair Corr
0.67	FG	FG Annuities Life	Pair Corr
0.7	GL	Globe Life	Pair Corr
0.78	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr

Moving against Crawford Stock

0.69	RELI	Reliance Global Group	Pair Corr
0.51	ERIE	Erie Indemnity	Pair Corr
0.45	SLQT	Selectquote	Pair Corr
0.42	ZBAO	Zhibao Technology Class	Pair Corr
0.36	MMC	Marsh McLennan Companies Fiscal Year End 23rd of January 2025	Pair Corr
0.75	IX	Orix Corp Ads	Pair Corr
0.36	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	FANH	CRVL	ERIE	WTW	CRD-B	BRP	BRO	AJG	AON	MMC
FANH		0.64	-0.48	0.57	-0.03	0.24	0.49	0.32	0.33	0.09	FANH
CRVL	0.64		-0.51	0.83	0.27	0.07	0.84	0.45	0.72	0.05	CRVL
ERIE	-0.48	-0.51		-0.75	-0.27	-0.61	-0.72	-0.27	-0.83	0.25	ERIE
WTW	0.57	0.83	-0.75		0.36	0.17	0.91	0.42	0.89	-0.09	WTW
CRD-B	-0.03	0.27	-0.27	0.36		-0.16	0.44	-0.29	0.44	-0.41	CRD-B
BRP	0.24	0.07	-0.61	0.17	-0.16		0.25	0.38	0.3	0.19	BRP
BRO	0.49	0.84	-0.72	0.91	0.44	0.25		0.51	0.88	0.0	BRO
AJG	0.32	0.45	-0.27	0.42	-0.29	0.38	0.51		0.35	0.69	AJG
AON	0.33	0.72	-0.83	0.89	0.44	0.3	0.88	0.35		-0.15	AON
MMC	0.09	0.05	0.25	-0.09	-0.41	0.19	0.0	0.69	-0.15		MMC
	FANH	CRVL	ERIE	WTW	CRD-B	BRP	BRO	AJG	AON	MMC

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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

BRO	+ 0.91	WTW
AON	+ 0.89	WTW
AON	+ 0.88	BRO
BRO	+ 0.84	CRVL
WTW	+ 0.83	CRVL
AON	+ 0.72	CRVL

High negative correlations

AON	- 0.83	ERIE
WTW	- 0.75	ERIE
BRO	- 0.72	ERIE
BRP	- 0.61	ERIE
ERIE	- 0.51	CRVL
ERIE	- 0.48	FANH

Risk-Adjusted Indicators

There is a big difference between Crawford Stock performing well and Crawford 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 Crawford'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
FANH	4.09	(0.23)	0.00	(0.08)	0.00	0.00	8.72	(9.09)	28.53
CRVL	1.43	0.01	0.08	0.13	1.22	(1.71)	3.26	(2.23)	13.45
ERIE	1.40	(0.28)	0.00	(0.20)	0.00	0.00	2.09	(3.12)	10.81
WTW	0.76	0.12	0.05	0.39	0.69	(0.79)	1.80	(1.63)	4.68
CRD-B	1.88	(0.08)	(0.02)	0.06	2.56	(1.80)	3.65	(3.95)	12.03
BRP	2.02	0.10	(0.02)	(0.21)	2.74	(1.92)	4.05	(4.84)	12.03
BRO	0.89	0.06	0.02	0.21	0.97	(1.04)	1.88	(2.06)	5.25
AJG	0.88	0.04	(0.02)	0.19	1.13	(0.91)	2.16	(1.61)	5.31
AON	0.69	0.17	0.12	0.51	0.49	(0.78)	1.43	(1.19)	7.95
MMC	0.67	0.00	(0.08)	0.12	0.80	(0.69)	1.25	(1.31)	3.78

Crawford Corporate Management

Dalerick Carden	Corporate VP	Profile
Anthony Belcastro	Controller VP	Profile
Michelle Montgomery	Chief Officer	Profile
Larry Thomas	Executive Solutions	Profile
Brian Clark	Europe Adjusting	Profile
Michael Hoberman	Senior TPA	Profile

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