Crawford Correlations

Stocks . USA . 
Stock . Crawford Company
CRDB Stock   10.12  0.38  3.62%   
The current 90-days correlation between Crawford and Oaktree Capital Group is -0.06 (i.e., Good diversification). The correlation of Crawford 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.

Crawford Correlation With Market

Weak diversification

The correlation between Crawford Company and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crawford Company and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crawford Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Crawford Stock

  0.92NEWTI NewtekOne, 800 percentPairCorr
  0.75NEWTZ Newtek Business ServicesPairCorr
  0.72INPAP International PaperPairCorr
  0.67OAK-PB Oaktree Capital GroupPairCorr
  0.79BKRKY Bank RakyatPairCorr
  0.9PTAIY Astra International TbkPairCorr
  0.84PPERY Bank Mandiri Persero Normal TradingPairCorr
  0.86PPERF Bank Mandiri PerseroPairCorr
  0.75PBCRY Bank Central AsiaPairCorr
  0.88CLOV Clover Health InvestmentsPairCorr
  0.85NOK Nokia Corp ADRPairCorr
  0.73BN Brookfield CorpPairCorr
  0.83NVR NVR IncPairCorr
  0.85PINE Alpineome Property TrustPairCorr
  0.78BLK BlackRock Fiscal Year End 10th of January 2025 PairCorr
  0.61MTB MT Bank Fiscal Year End 16th of January 2025 PairCorr
  0.61AWK American Water WorksPairCorr
  0.77AEM Agnico Eagle MinesPairCorr
  0.81ICE Intercontinental ExchangePairCorr
  0.81ABEV Ambev SA ADR Aggressive PushPairCorr

Moving against Crawford Stock

  0.83RILYZ B Riley FinancialPairCorr
  0.8RILYG B Riley FinancialPairCorr
  0.64SCVPF Siam Cement TrendingPairCorr
  0.6APLD Applied Blockchain Tech BoostPairCorr
  0.5GHIXW Gores Holdings IXPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
OAK-PB
+ 0.69
INPAP
NMPWP
+ 0.57
INPAP
ELCPF
+ 0.56
INPAP
OAK-PB
+ 0.54
ELCPF
OAK-PB
+ 0.54
NMPWP
NMPWP
+ 0.39
ELCPF
  
High negative correlations   
OAK-PB
- 0.69
SCVPF
SCVPF
- 0.65
INPAP
SCVPF
- 0.59
NMPWP
SCVPF
- 0.38
ELCPF
SCVPF
- 0.16
CVPBF
OAK-PB
- 0.07
CVPBF

Risk-Adjusted Indicators

There is a big difference between Crawford Stock performing well and Crawford 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 Crawford'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY