Equitable Holdings Correlations
| EQH-PA Preferred Stock | USD 21.58 0.11 0.51% |
The current 90-days correlation between Equitable Holdings and Citizens Financial Group is 0.77 (i.e., Poor diversification). The correlation of Equitable Holdings 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.
Equitable Holdings Correlation With Market
Weak diversification
The correlation between Equitable Holdings and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equitable Holdings and DJI in the same portfolio, assuming nothing else is changed.
Equitable |
The ability to find closely correlated positions to Equitable Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equitable Holdings 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 Equitable Holdings - 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 Equitable Holdings to buy it.
Moving together with Equitable Preferred Stock
| 0.69 | AEG | Aegon NV ADR | PairCorr |
| 0.76 | AIG | American International | PairCorr |
| 0.96 | ACGLN | Arch Capital Group | PairCorr |
| 0.96 | ACGLO | Arch Capital Group | PairCorr |
| 0.85 | ATH-PD | Athene Holding | PairCorr |
| 0.73 | ATH-PA | Athene Holding | PairCorr |
| 0.9 | ATH-PB | Athene Holding | PairCorr |
| 0.89 | EQH-PC | Equitable Holdings Earnings Call This Week | PairCorr |
| 0.72 | CB | Chubb Sell-off Trend | PairCorr |
Moving against Equitable Preferred Stock
| 0.72 | ATH-PC | Athene Holding | PairCorr |
| 0.42 | WDH | Waterdrop ADR | PairCorr |
| 0.37 | EQH | Axa Equitable Holdings Earnings Call This Week | PairCorr |
| 0.34 | FGFPP | Fundamental Global | PairCorr |
| 0.58 | LC | LendingClub Corp | PairCorr |
| 0.54 | C | Citigroup Earnings Call This Week | PairCorr |
| 0.52 | V | Visa Class A | PairCorr |
| 0.51 | HG | Hamilton Insurance Group, | PairCorr |
| 0.46 | DIST | Distoken Acquisition | PairCorr |
| 0.38 | GL | Globe Life Earnings Call This Week | PairCorr |
| 0.31 | L | Loews Corp Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.96 | 0.92 | 0.82 | 0.93 | COF-PI | ||
| 0.96 | 0.9 | 0.9 | 0.93 | CFG-PE | ||
| 0.92 | 0.9 | 0.73 | 0.9 | EQH-PC | ||
| 0.82 | 0.9 | 0.73 | 0.79 | MET-PF | ||
| 0.93 | 0.93 | 0.9 | 0.79 | ATH-PB | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Equitable Preferred Stock performing well and Equitable Holdings 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 Equitable Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| COF-PI | 0.93 | (0.07) | 0.00 | (0.09) | 0.00 | 2.54 | 5.33 | |||
| CFG-PE | 1.05 | (0.11) | 0.00 | (0.13) | 0.00 | 2.42 | 8.07 | |||
| EQH-PC | 0.87 | (0.06) | 0.00 | (0.04) | 0.00 | 2.50 | 5.17 | |||
| MET-PF | 0.86 | (0.09) | 0.00 | (0.23) | 0.00 | 2.09 | 4.98 | |||
| ATH-PB | 1.09 | (0.11) | 0.00 | (0.07) | 0.00 | 2.91 | 5.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Equitable Holdings 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.Did you try this?
Run Efficient Frontier Now
Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
| All Next | Launch Module |
Equitable Holdings Corporate Management
| Seth Bernstein | Pres Corp | Profile | |
| Robin Raju | EVP CFO | Profile | |
| Jeffrey JD | EVP COO | Profile | |
| Stephanie Withers | Chief Auditor | Profile | |
| Nicholas Lane | EVP Equitable | Profile | |
| William IV | Chief VP | Profile | |
| Mark Pearson | CEO Pres | Profile |