CNFinance Holdings Correlations

CNF Stock

USD 0.60 0.03 5.26%

The correlation of CNFinance 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.

CNFinance Holdings Correlation With Market

Good diversification

The correlation between CNFinance Holdings and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CNFinance Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CNFinance Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNFinance Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in CNFinance Stock please use our How to Invest in CNFinance Holdings guide.

Moving together with CNFinance Stock

0.66	LX	Lexinfintech Holdings	Pair Corr
0.78	WD	Walker Dunlop	Pair Corr
0.76	WU	Western Union	Pair Corr

Moving against CNFinance Stock

0.6	DB	Deutsche Bank AG	Pair Corr
0.58	V	Visa Class A	Pair Corr
0.52	GS	Goldman Sachs Group	Pair Corr
0.52	MA	Mastercard	Pair Corr
0.51	MS	Morgan Stanley	Pair Corr
0.47	BN	Brookfield Corp	Pair Corr
0.45	AC	Associated Capital	Pair Corr
0.41	DIST	Distoken Acquisition Trending	Pair Corr
0.38	AB	AllianceBernstein	Pair Corr
0.38	QD	Qudian Inc	Pair Corr
0.37	CG	Carlyle Group	Pair Corr
0.78	EMCG	Embrace Change Acqui	Pair Corr
0.77	DISTW	Distoken Acquisition	Pair Corr
0.75	DMYY	dMY Squared Technology	Pair Corr
0.72	XP	Xp Inc	Pair Corr
0.57	WT	WisdomTree	Pair Corr
0.49	DISTR	Distoken Acquisition	Pair Corr
0.47	EMCGR	Embrace Change Acqui	Pair Corr
0.47	EMCGW	Embrace Change Acqui	Pair Corr
0.45	VIRT	Virtu Financial Normal Trading	Pair Corr
0.43	ECPG	Encore Capital Group	Pair Corr
0.42	VCTR	Victory Capital Holdings	Pair Corr
0.32	EARN	Ellington Residential	Pair Corr

Related Correlations Analysis

	OCN	GHLD	PFSI	HMPT	SNFCA	ECPG	COOP
OCN		0.0	0.0	0.0	0.0	0.0	0.0	OCN
GHLD	0.0		0.07	0.0	0.07	0.18	0.49	GHLD
PFSI	0.0	0.07		0.0	0.68	0.25	-0.05	PFSI
HMPT	0.0	0.0	0.0		0.0	0.0	0.0	HMPT
SNFCA	0.0	0.07	0.68	0.0		0.14	-0.44	SNFCA
ECPG	0.0	0.18	0.25	0.0	0.14		0.57	ECPG
COOP	0.0	0.49	-0.05	0.0	-0.44	0.57		COOP
	OCN	GHLD	PFSI	HMPT	SNFCA	ECPG	COOP

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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

SNFCA	+ 0.68	PFSI
COOP	+ 0.57	ECPG
COOP	+ 0.49	GHLD
ECPG	+ 0.25	PFSI
ECPG	+ 0.18	GHLD
ECPG	+ 0.14	SNFCA

High negative correlations

COOP	- 0.44	SNFCA
COOP	- 0.05	PFSI
COOP	- 0.0	HMPT
ECPG	- 0.0	HMPT
SNFCA	- 0.0	HMPT
HMPT	- 0.0	PFSI

Risk-Adjusted Indicators

There is a big difference between CNFinance Stock performing well and CNFinance 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 CNFinance 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
OCN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GHLD	3.42	0.77	0.19	(1.31)	2.94	(3.58)	8.33	(5.60)	24.49
PFSI	1.55	(0.04)	0.00	(0.06)	0.00	0.00	2.31	(3.66)	11.10
HMPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNFCA	1.91	(0.32)	0.00	(0.30)	0.00	0.00	3.50	(5.12)	11.22
ECPG	2.69	0.25	0.08	0.16	3.05	(3.13)	4.43	(6.62)	27.39
COOP	2.40	0.58	0.19	1.04	2.57	(2.64)	5.41	(3.81)	24.21

CNFinance Holdings Corporate Management

Zhai Bin	Chairman CEO	Profile
Jing Li	Assistant CFO	Profile
Christian Arnell	Christensen Officer	Profile
Lin Xu	Independent Director	Profile
Zehui Zhang	Vice President	Profile
Paul Wolansky	Director	Profile

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