Jefferies Financial Correlations

JEF Stock

USD 77.14 1.44 1.90%

The current 90-days correlation between Jefferies Financial and Houlihan Lokey is 0.72 (i.e., Poor diversification). The correlation of Jefferies 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.

Jefferies Financial Correlation With Market

Weak diversification

The correlation between Jefferies Financial Group and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jefferies Financial Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jefferies Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Jefferies Stock

0.73	V	Visa Class A	Pair Corr
0.7	DIST	Distoken Acquisition	Pair Corr
0.75	BN	Brookfield Corp Earnings Call This Week	Pair Corr
0.69	GS	Goldman Sachs Group	Pair Corr
0.82	LC	LendingClub Corp	Pair Corr
0.73	MC	Moelis Earnings Call This Week	Pair Corr
0.83	PX	P10 Inc	Pair Corr
0.66	QD	Qudian Inc	Pair Corr
0.69	RC	Ready Capital Corp	Pair Corr
0.61	RM	Regional Management Corp Earnings Call This Week	Pair Corr
0.71	VCTR	Victory Capital Holdings Earnings Call This Week	Pair Corr
0.82	VIRT	Virtu Financial	Pair Corr

Moving against Jefferies Stock

0.31	LU	Lufax Holding	Pair Corr
0.66	XP	Xp Inc Normal Trading	Pair Corr
0.4	PWUPW	PowerUp Acquisition Corp	Pair Corr

Related Correlations Analysis

	LAZ	PJT	MC	HLI	PIPR	EVR	PWP
LAZ		0.47	0.5	0.85	0.88	0.89	0.57	LAZ
PJT	0.47		0.93	0.75	0.67	0.72	0.93	PJT
MC	0.5	0.93		0.77	0.65	0.71	0.91	MC
HLI	0.85	0.75	0.77		0.89	0.92	0.86	HLI
PIPR	0.88	0.67	0.65	0.89		0.98	0.75	PIPR
EVR	0.89	0.72	0.71	0.92	0.98		0.78	EVR
PWP	0.57	0.93	0.91	0.86	0.75	0.78		PWP
	LAZ	PJT	MC	HLI	PIPR	EVR	PWP

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Risk-Adjusted Indicators

There is a big difference between Jefferies Stock performing well and Jefferies Financial 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 Jefferies Financial'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
LAZ	1.93	0.09	0.04	0.20	1.90	(2.36)	4.54	(3.63)	20.15
PJT	1.60	0.19	0.09	0.40	1.49	(1.74)	3.41	(2.68)	20.73
MC	1.68	0.21	0.09	0.41	1.77	(1.91)	3.37	(2.63)	22.95
HLI	1.32	0.07	0.02	0.22	1.41	(1.48)	2.43	(2.49)	13.87
PIPR	1.58	0.07	0.03	0.19	1.72	(1.94)	3.13	(3.09)	24.59
EVR	1.50	0.11	0.05	0.25	1.66	(1.84)	2.73	(2.74)	22.35
PWP	2.10	0.35	0.15	0.71	1.89	(2.64)	4.93	(3.79)	23.66

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