Stifel Financial Correlations

Stocks . USA . 
Stock . Stifel Financial
SFB Stock  USD 20.23  0.07  0.35%   
The current 90-days correlation between Stifel Financial and Reinsurance Group of is 0.32 (i.e., Weak diversification). The correlation of Stifel 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.

Stifel Financial Correlation With Market

Average diversification

The correlation between Stifel Financial and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stifel Financial and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stifel Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
For information on how to trade Stifel Stock refer to our How to Trade Stifel Stock guide.

Moving together with Stifel Stock

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Moving against Stifel Stock

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  0.6WFRD Weatherford InternationalPairCorr
  0.59VTLE Vital Energy Downward RallyPairCorr
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Related Correlations Analysis

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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   
GPJA
+ 0.86
DTW
GPJA
+ 0.69
RZB
GPJA
+ 0.59
SOJC
MGR
+ 0.59
DTW
DTW
+ 0.52
RZB
MGR
+ 0.52
GPJA
  
High negative correlations   
MGR
- 0.13
RZB

Risk-Adjusted Indicators

There is a big difference between Stifel Stock performing well and Stifel 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 Stifel 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.

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