Crawford Correlations

CRD-A Stock

USD 10.56 0.07 0.67%

The current 90-days correlation between Crawford and CorVel Corp is -0.09 (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

Poor diversification

The correlation between Crawford Company and DJI is 0.73 (i.e., Poor 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.

Build AI portfolio with Crawford Stock

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 board of governors.

Moving together with Crawford Stock

0.7	ZBAO	Zhibao Technology Class	Pair Corr
0.69	HUIZ	Huize Holding	Pair Corr
0.76	RELI	Reliance Global Group	Pair Corr
0.62	AIFU	Fanhua Inc Symbol Change	Pair Corr
0.73	C	Citigroup Earnings Call Today	Pair Corr
0.65	DHIL	Diamond Hill Investment	Pair Corr
0.85	BX	Blackstone Group	Pair Corr
0.84	BY	Byline Bancorp	Pair Corr
0.77	CG	Carlyle Group Normal Trading	Pair Corr
0.67	GS	Goldman Sachs Group	Pair Corr

Related Correlations Analysis

	FANH	CRVL	ERIE	WTW	CRD-B	BRP	BRO	AJG	AON	MMC
FANH		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FANH
CRVL	0.0		-0.27	-0.24	-0.42	0.0	-0.13	0.28	-0.44	-0.16	CRVL
ERIE	0.0	-0.27		0.8	0.48	0.0	0.84	0.05	0.86	0.52	ERIE
WTW	0.0	-0.24	0.8		0.66	0.0	0.86	0.38	0.91	0.74	WTW
CRD-B	0.0	-0.42	0.48	0.66		0.0	0.39	0.27	0.7	0.55	CRD-B
BRP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	BRP
BRO	0.0	-0.13	0.84	0.86	0.39	0.0		0.27	0.8	0.67	BRO
AJG	0.0	0.28	0.05	0.38	0.27	0.0	0.27		0.24	0.6	AJG
AON	0.0	-0.44	0.86	0.91	0.7	0.0	0.8	0.24		0.76	AON
MMC	0.0	-0.16	0.52	0.74	0.55	0.0	0.67	0.6	0.76		MMC
	FANH	CRVL	ERIE	WTW	CRD-B	BRP	BRO	AJG	AON	MMC

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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

AON	+ 0.91	WTW
AON	+ 0.86	ERIE
BRO	+ 0.86	WTW
BRO	+ 0.84	ERIE
WTW	+ 0.8	ERIE
AON	+ 0.8	BRO

High negative correlations

AON	- 0.44	CRVL
CRD-B	- 0.42	CRVL
ERIE	- 0.27	CRVL
WTW	- 0.24	CRVL
MMC	- 0.16	CRVL
BRO	- 0.13	CRVL

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FANH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRVL	1.42	0.06	0.06	(0.51)	1.72	(1.54)	3.06	(3.56)	11.61
ERIE	1.85	(0.10)	0.00	(0.20)	0.00	0.00	3.75	(4.05)	17.17
WTW	1.11	(0.05)	0.00	(0.12)	0.00	0.00	2.02	(1.89)	9.94
CRD-B	2.17	(0.17)	0.00	(0.20)	0.00	0.00	3.09	(5.43)	16.30
BRP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRO	1.13	(0.01)	0.00	(0.06)	0.00	0.00	2.12	(2.81)	9.76
AJG	1.30	0.08	0.05	0.09	1.94	(1.32)	2.66	(2.78)	9.69
AON	1.21	(0.09)	0.00	(0.19)	0.00	0.00	2.27	(3.04)	11.65
MMC	1.06	0.02	0.00	(0.02)	0.00	0.00	2.00	(2.81)	8.90

Crawford Corporate Management

Anthony Belcastro	Controller VP	Profile
Dalerick Carden	Senior Finance	Profile
Michelle Montgomery	Chief Officer	Profile
Larry Thomas	Executive Solutions	Profile
Brian Clark	Europe Adjusting	Profile
Michael Hoberman	Senior TPA	Profile

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