Fairfax Financial Correlations
| FFH-PK Preferred Stock | CAD 20.99 0.13 0.62% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fairfax Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fairfax Financial Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Fairfax Financial Holdings and NYA is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fairfax Financial Holdings and NYA in the same portfolio, assuming nothing else is changed.
Fairfax |
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 Preferred Stock
| 0.87 | FFH-PF | Fairfax Financial | PairCorr |
| 0.82 | FFH-PD | Fairfax Financial | PairCorr |
| 0.89 | FFH-PH | Fairfax Financial | PairCorr |
| 0.92 | FFH-PJ | Fairfax Financial | PairCorr |
| 0.91 | FFH-PM | Fairfax Financial | PairCorr |
| 0.92 | FFH-PG | Fairfax Fin Hld | PairCorr |
| 0.89 | ELF | E L Financial | PairCorr |
| 0.86 | TAU | Thesis Gold | PairCorr |
| 0.81 | DGS | Dividend Growth Split | PairCorr |
| 0.81 | PMT | Perpetual Energy | PairCorr |
| 0.68 | DF | Dividend 15 Split | PairCorr |
| 0.65 | AAV | Advantage Oil Gas | PairCorr |
| 0.7 | ESI | Ensign Energy Services Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.68 | 0.9 | 0.82 | 0.79 | FFH-PF | ||
| 0.68 | 0.78 | 0.67 | 0.7 | FFH-PD | ||
| 0.9 | 0.78 | 0.84 | 0.84 | FFH-PH | ||
| 0.82 | 0.67 | 0.84 | 0.89 | FFH-PM | ||
| 0.79 | 0.7 | 0.84 | 0.89 | ELF | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Fairfax Preferred Stock 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FFH-PF | 0.43 | 0.05 | (0.03) | 1.22 | 0.45 | 1.16 | 4.13 | |||
| FFH-PD | 0.50 | 0.06 | (0.03) | (0.11) | 0.84 | 1.12 | 5.35 | |||
| FFH-PH | 0.61 | 0.01 | (0.06) | 0.17 | 0.72 | 1.55 | 3.79 | |||
| FFH-PM | 0.44 | 0.06 | (0.02) | (7.61) | 0.53 | 1.16 | 2.59 | |||
| ELF | 0.65 | 0.09 | 0.01 | 1.65 | 0.74 | 1.91 | 5.99 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fairfax 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.Did you try this?
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Fairfax Financial Corporate Management
Elected by the shareholders, the Fairfax Financial's board of directors comprises two types of representatives: Fairfax Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fairfax. The board's role is to monitor Fairfax Financial's management team and ensure that shareholders' interests are well served. Fairfax Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fairfax Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jean Cloutier | VP International | Profile | |
| Jennifer Allen | VP CFO | Profile | |
| Derek Bulas | Associate Legal | Profile | |
| Sammy Chan | Pres Asia | Profile | |
| Vinodh Loganadhan | VP Services | Profile | |
| Michael Wallace | VP Operations | Profile | |
| Eric Salsberg | VP Sec | Profile |
Already Invested in Fairfax Financial Holdings?
The danger of trading Fairfax Financial Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fairfax Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fairfax Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fairfax Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fairfax Financial Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Fairfax Preferred Stock analysis
When running Fairfax Financial's price analysis, check to measure Fairfax Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fairfax Financial is operating at the current time. Most of Fairfax Financial's value examination focuses on studying past and present price action to predict the probability of Fairfax Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fairfax Financial's price. Additionally, you may evaluate how the addition of Fairfax Financial to your portfolios can decrease your overall portfolio volatility.
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