Cincinnati Financial Correlations

CINF34 Stock

BRL 414.54 0.00 0.00%

The current 90-days correlation between Cincinnati Financial and Roper Technologies, is -0.02 (i.e., Good diversification). The correlation of Cincinnati 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.

Cincinnati Financial Correlation With Market

Good diversification

The correlation between Cincinnati Financial and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cincinnati Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Cincinnati 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 Cincinnati 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 Cincinnati 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 Cincinnati Financial to buy it.

Moving together with Cincinnati Stock

0.61	MKLC34	Markel	Pair Corr
0.76	FIGS11	Fundo de Investimento	Pair Corr
0.74	NVDC34	NVIDIA	Pair Corr
0.65	C1FG34	Citizens Financial Group,	Pair Corr
0.68	MUTC34	Micron Technology	Pair Corr
0.77	T2DH34	Teladoc Health	Pair Corr
0.68	CAON34	Capital One Financial Earnings Call This Week	Pair Corr
0.77	O2NS34	ON Semiconductor	Pair Corr
0.63	MSFT34	Microsoft	Pair Corr
0.62	L1MN34	Lumen Technologies,	Pair Corr

Moving against Cincinnati Stock

0.44	RANI3	Irani Papel e	Pair Corr
0.36	CARE11	Mxima Renda Corporativa	Pair Corr

Related Correlations Analysis

	R1OP34	Z2IT34	S1SN34	W1MC34	G2ME34	BMOB3	MUTC34
R1OP34		0.28	0.39	-0.4	-0.39	0.67	0.39	R1OP34
Z2IT34	0.28		0.67	-0.22	-0.84	0.59	0.79	Z2IT34
S1SN34	0.39	0.67		-0.49	-0.71	0.67	0.87	S1SN34
W1MC34	-0.4	-0.22	-0.49		0.42	-0.66	-0.58	W1MC34
G2ME34	-0.39	-0.84	-0.71	0.42		-0.73	-0.89	G2ME34
BMOB3	0.67	0.59	0.67	-0.66	-0.73		0.78	BMOB3
MUTC34	0.39	0.79	0.87	-0.58	-0.89	0.78		MUTC34
	R1OP34	Z2IT34	S1SN34	W1MC34	G2ME34	BMOB3	MUTC34

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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

MUTC34	+ 0.87	S1SN34
MUTC34	+ 0.79	Z2IT34
MUTC34	+ 0.78	BMOB3
BMOB3	+ 0.67	R1OP34
S1SN34	+ 0.67	Z2IT34
BMOB3	+ 0.67	S1SN34

High negative correlations

MUTC34	- 0.89	G2ME34
G2ME34	- 0.84	Z2IT34
BMOB3	- 0.73	G2ME34
G2ME34	- 0.71	S1SN34
BMOB3	- 0.66	W1MC34
MUTC34	- 0.58	W1MC34

Risk-Adjusted Indicators

There is a big difference between Cincinnati Stock performing well and Cincinnati 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 Cincinnati 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
R1OP34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.10
Z2IT34	1.06	0.46	0.00	(0.81)	0.00	0.00	1.28	(1.11)	22.13
S1SN34	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.20
W1MC34	1.06	(0.10)	0.00	(1.89)	0.00	0.00	2.06	(2.17)	7.85
G2ME34	1.76	(0.24)	0.00	0.28	0.00	0.00	2.85	(4.68)	27.74
BMOB3	1.32	0.43	0.18	(4.05)	1.14	(1.44)	3.56	(2.48)	8.11
MUTC34	2.02	0.61	0.23	1.42	1.70	(2.16)	5.08	(3.40)	10.41

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cincinnati Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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