Fairfax Fin Correlations
| FFH-PC Preferred Stock | CAD 24.99 0.00 0.00% |
The current 90-days correlation between Fairfax Fin Hld and Micron Technology, is 0.17 (i.e., Average diversification). The correlation of Fairfax Fin 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.
Fairfax |
The ability to find closely correlated positions to Fairfax Fin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fairfax Fin 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 Fairfax Fin - 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 Fairfax Fin Hld to buy it.
Moving together with Fairfax Preferred Stock
| 0.86 | FFH | Fairfax Financial | PairCorr |
| 0.93 | FFH-PE | Fairfax Financial | PairCorr |
| 0.67 | OVT | Oculus VisionTech | PairCorr |
| 0.8 | ENS | E Split Corp | PairCorr |
| 0.73 | CRM | SalesforceCom CDR | PairCorr |
| 0.83 | LB | Laurentian Bank | PairCorr |
| 0.81 | TSAT | Telesat Corp | PairCorr |
| 0.88 | AIDX | HealWELL AI | PairCorr |
| 0.72 | MARI | Marimaca Copper Corp | PairCorr |
| 0.74 | AST | Astron Connect | PairCorr |
| 0.73 | IAG | iA Financial | PairCorr |
| 0.78 | KUT | Redishred Capital Corp | PairCorr |
| 0.75 | PYPL | PayPal Holdings CDR | PairCorr |
| 0.96 | WELL | WELL Health Technologies | PairCorr |
| 0.66 | LMN | Lumine Group | PairCorr |
| 0.63 | MOLY | Greenland Resources | PairCorr |
| 0.78 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.95 | PBY-UN | Canso Credit Trust | PairCorr |
| 0.82 | OLY | Olympia Financial | PairCorr |
Moving against Fairfax Preferred Stock
| 0.52 | IFC | Intact Financial | PairCorr |
| 0.38 | HIVE | HIVE Blockchain Tech | PairCorr |
| 0.51 | AOT | Ascot Resources | PairCorr |
Related Correlations Analysis
| 0.03 | 0.28 | 0.46 | 0.52 | -0.03 | 0.62 | MU | ||
| 0.03 | 0.85 | -0.23 | 0.07 | 0.73 | -0.23 | DBM | ||
| 0.28 | 0.85 | -0.15 | 0.26 | 0.59 | -0.02 | HD | ||
| 0.46 | -0.23 | -0.15 | 0.52 | -0.15 | 0.62 | ONC | ||
| 0.52 | 0.07 | 0.26 | 0.52 | 0.1 | 0.47 | CGY | ||
| -0.03 | 0.73 | 0.59 | -0.15 | 0.1 | -0.17 | AWI | ||
| 0.62 | -0.23 | -0.02 | 0.62 | 0.47 | -0.17 | ISC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Fairfax Preferred Stock performing well and Fairfax Fin 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 Fairfax Fin'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MU | 2.62 | (0.01) | 0.00 | (0.01) | 4.05 | 5.61 | 22.90 | |||
| DBM | 1.33 | (0.16) | 0.00 | (0.25) | 0.00 | 2.28 | 8.80 | |||
| HD | 1.05 | (0.01) | 0.00 | (0.04) | 0.00 | 2.37 | 6.41 | |||
| ONC | 3.10 | (0.44) | 0.00 | (0.44) | 0.00 | 6.47 | 28.25 | |||
| CGY | 1.09 | (0.07) | 0.00 | (0.36) | 0.00 | 2.84 | 6.86 | |||
| AWI | 1.07 | 0.09 | 0.00 | (2.65) | 0.00 | 0.00 | 49.38 | |||
| ISC | 0.86 | (0.04) | 0.00 | 1.35 | 0.00 | 2.19 | 5.57 |
Fairfax Fin 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 Fairfax Fin preferred stock to make a market-neutral strategy. Peer analysis of Fairfax Fin could also be used in its relative valuation, which is a method of valuing Fairfax Fin by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fairfax Fin Corporate Management
Elected by the shareholders, the Fairfax Fin's board of directors comprises two types of representatives: Fairfax Fin inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fairfax. The board's role is to monitor Fairfax Fin's management team and ensure that shareholders' interests are well served. Fairfax Fin'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, Fairfax Fin's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jean Cloutier | VP International | Profile | |
| Jennifer Allen | VP CFO | Profile | |
| Derek Bulas | Associate Legal | Profile | |
| Sammy Chan | Pres Asia | Profile | |
| Vinodh Loganadhan | VP Services | Profile | |
| Michael Wallace | VP Operations | Profile | |
| Eric Salsberg | VP Sec | Profile |