Fairfax Financial Correlations
FFHPF Stock | USD 17.60 0.00 0.00% |
The current 90-days correlation between Fairfax Financial and AmTrust Financial Services is 0.01 (i.e., Significant diversification). The correlation of Fairfax Financial 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 Financial Correlation With Market
Average diversification
The correlation between Fairfax Financial Holdings and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fairfax Financial Holdings and DJI in the same portfolio, assuming nothing else is changed.
Fairfax |
The ability to find closely correlated positions to Fairfax 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 Fairfax 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 Fairfax 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 Fairfax Financial Holdings to buy it.
Moving against Fairfax Pink Sheet
Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in Fairfax Financial 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?
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Fairfax Financial Corporate Management
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 |