Fairfax Financial Correlations

FRFHFDelisted Stock  USD 766.50  2.38  0.31%   
The current 90-days correlation between Fairfax Financial and RLI Corp is 0.06 (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

Good diversification

The correlation between Fairfax Financial Holdings and DJI is -0.02 (i.e., Good 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.
  
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 together with Fairfax Pink Sheet

  0.61BOW Bowhead SpecialtyPairCorr
  0.69HCI HCI GroupPairCorr
  0.79HMN Horace Mann EducatorsPairCorr
  0.76MCY Mercury GeneralPairCorr
  0.78PRA ProAssurancePairCorr
  0.67RLI RLI Corp Fiscal Year End 22nd of January 2025 PairCorr
  0.65THG Hanover InsurancePairCorr
  0.7TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.72WTM White Mountains InsurancePairCorr
  0.88TKOMY Tokio Marine HoldingsPairCorr
  0.68KMPR KemperPairCorr
  0.67NODK NI HoldingsPairCorr
  0.82ALL-PB AllstatePairCorr
  0.61ROOT Root IncPairCorr
  0.65SIGI Selective InsurancePairCorr

Moving against Fairfax Pink Sheet

  0.64HRTG Heritage Insurance HldgsPairCorr
  0.77ALL-PI AllstatePairCorr
  0.74WRB-PG WR BerkleyPairCorr
  0.71ALL-PH AllstatePairCorr
  0.55WRB-PH WR BerkleyPairCorr
  0.51WRB-PF WR BerkleyPairCorr
  0.36WRB-PE W R BerkleyPairCorr

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   
SKWDWTM
MKLUFCS
SKWDRLI
WTMRLI
MKLRLI
UFCSRLI
  
High negative correlations   
WRB-PEWTM
SKWDWRB-PE
WRB-PERLI
WRBWRB-PE
MKLWRB-PE
UFCSWRB-PE

Risk-Adjusted Indicators

There is a big difference between Fairfax Pink Sheet performing well and Fairfax 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 Fairfax 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RLI  0.89  0.04  0.04  0.17  1.19 
 1.76 
 7.00 
CB  0.82 (0.03) 0.00 (0.51) 0.00 
 1.49 
 6.25 
PGR  0.95 (0.15)(0.12)(0.01) 1.22 
 2.45 
 6.88 
WTM  0.91  0.03  0.04  0.16  0.75 
 2.38 
 7.18 
WRB-PE  0.43  0.01 (0.22) 0.25  0.49 
 0.81 
 2.09 
WRB  1.03  0.09 (0.02) 0.92  1.35 
 2.03 
 7.07 
KNSL  1.40  0.00  0.03  0.14  1.79 
 2.78 
 9.90 
UFCS  1.91  0.23  0.32  0.20  1.16 
 4.67 
 28.11 
SKWD  1.44  0.15  0.10  0.24  1.92 
 3.00 
 10.47 
MKL  0.82  0.05  0.06  0.18  0.87 
 1.84 
 7.55 

View Fairfax Financial Related Equities

 Risk & Return  Correlation

Fairfax Financial Corporate Management

Still Interested in Fairfax Financial Holdings?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.