CNFinance Holdings Correlations

CNF Stock

USD 0.66 0.01 1.49%

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

Significant diversification

The correlation between CNFinance Holdings and DJI is 0.01 (i.e., Significant 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

0.82	FDUS	Fidus Investment Corp	Pair Corr
0.74	SCM	Stellus Capital Inve	Pair Corr
0.72	WHF	WhiteHorse Finance	Pair Corr
0.81	GLAD	Gladstone Capital Earnings Call This Week	Pair Corr
0.83	MAIN	Main Street Capital	Pair Corr
0.87	MBIN	Merchants Bancorp Earnings Call This Week	Pair Corr
0.67	PSEC	Prospect Capital	Pair Corr
0.81	CODI	Compass Diversified Earnings Call This Week	Pair Corr
0.8	C	Citigroup Aggressive Push	Pair Corr
0.68	DHIL	Diamond Hill Investment	Pair Corr
0.78	AX	Axos Financial Earnings Call This Week	Pair Corr
0.77	BK	Bank of New York Sell-off Trend	Pair Corr
0.8	BN	Brookfield Corp	Pair Corr
0.78	BX	Blackstone Group	Pair Corr
0.88	BY	Byline Bancorp	Pair Corr
0.78	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.85	FG	FG Annuities Life	Pair Corr
0.83	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.67	LC	LendingClub Corp Earnings Call This Week	Pair Corr
0.74	MA	Mastercard Earnings Call This Week	Pair Corr
0.86	MC	Moelis Sell-off Trend	Pair Corr
0.84	MS	Morgan Stanley	Pair Corr
0.68	NU	Nu Holdings Aggressive Push	Pair Corr

Moving against CNFinance Stock

0.64	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.58	CB	Chubb	Pair Corr
0.37	EG	Everest Group Earnings Call This Week	Pair Corr
0.47	TW	Tradeweb Markets	Pair Corr
0.42	WF	Woori Financial Group	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		-0.23	0.0	-0.44	-0.58	0.63	GHLD
PFSI	0.0	-0.23		0.0	0.56	0.53	-0.08	PFSI
HMPT	0.0	0.0	0.0		0.0	0.0	0.0	HMPT
SNFCA	0.0	-0.44	0.56	0.0		0.62	-0.52	SNFCA
ECPG	0.0	-0.58	0.53	0.0	0.62		-0.22	ECPG
COOP	0.0	0.63	-0.08	0.0	-0.52	-0.22		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

COOP	+ 0.63	GHLD
ECPG	+ 0.62	SNFCA
SNFCA	+ 0.56	PFSI
ECPG	+ 0.53	PFSI
GHLD	+ 0.0	OCN
PFSI	+ 0.0	OCN

High negative correlations

ECPG	- 0.58	GHLD
COOP	- 0.52	SNFCA
SNFCA	- 0.44	GHLD
PFSI	- 0.23	GHLD
COOP	- 0.22	ECPG
COOP	- 0.08	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	2.69	0.13	0.10	(0.42)	3.05	(3.12)	5.11	(5.60)	24.49
PFSI	1.77	(0.20)	0.00	(0.47)	0.00	0.00	3.45	(5.50)	11.26
HMPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNFCA	1.90	(0.22)	0.00	(0.36)	0.00	0.00	3.15	(4.57)	14.15
ECPG	2.74	(0.18)	0.00	(0.25)	0.00	0.00	4.43	(6.62)	25.24
COOP	2.00	0.15	0.11	(1.06)	2.66	(2.18)	5.01	(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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