Jefferies Financial Correlations

JEF Stock

USD 56.24 0.08 0.14%

The current 90-days correlation between Jefferies Financial and Lazard is 0.84 (i.e., Very poor diversification). The correlation of Jefferies 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.

Jefferies Financial Correlation With Market

Poor diversification

The correlation between Jefferies Financial Group and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jefferies Financial Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Jefferies Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jefferies Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Jefferies Stock

0.68	DHIL	Diamond Hill Investment	Pair Corr
0.63	DIST	Distoken Acquisition	Pair Corr
0.67	BX	Blackstone Group Normal Trading	Pair Corr
0.66	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.65	GS	Goldman Sachs Group	Pair Corr
0.61	LC	LendingClub Corp	Pair Corr
0.66	MC	Moelis Earnings Call This Week	Pair Corr
0.64	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.71	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.66	WT	WisdomTree	Pair Corr
0.62	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.64	VIRT	Virtu Financial,	Pair Corr
0.67	VRTS	Virtus Investment Earnings Call This Week	Pair Corr

Moving against Jefferies Stock

0.35	LX	Lexinfintech Holdings	Pair Corr
0.63	WU	Western Union	Pair Corr
0.56	GCMGW	GCM Grosvenor	Pair Corr
0.4	EZPW	EZCORP Inc	Pair Corr
0.38	ANSCW	Agriculture Natural	Pair Corr

Related Correlations Analysis

	LAZ	PJT	MC	HLI	PIPR	EVR	PWP
LAZ		0.54	0.98	0.57	0.98	0.6	0.65	LAZ
PJT	0.54		0.65	0.95	0.6	0.98	0.86	PJT
MC	0.98	0.65		0.67	0.98	0.69	0.73	MC
HLI	0.57	0.95	0.67		0.6	0.95	0.89	HLI
PIPR	0.98	0.6	0.98	0.6		0.64	0.68	PIPR
EVR	0.6	0.98	0.69	0.95	0.64		0.91	EVR
PWP	0.65	0.86	0.73	0.89	0.68	0.91		PWP
	LAZ	PJT	MC	HLI	PIPR	EVR	PWP

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Risk-Adjusted Indicators

There is a big difference between Jefferies Stock performing well and Jefferies 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 Jefferies 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
LAZ	1.85	0.42	0.26	0.34	1.48	(2.10)	5.12	(2.80)	12.93
PJT	1.31	0.44	0.34	0.51	0.75	(1.54)	3.57	(1.54)	8.46
MC	1.66	0.23	0.18	0.25	1.65	(1.96)	4.12	(3.02)	16.15
HLI	1.05	0.31	0.28	0.45	0.67	(1.29)	2.66	(1.43)	9.17
PIPR	1.52	0.30	0.25	0.32	1.20	(1.93)	3.73	(2.50)	9.36
EVR	1.69	0.65	0.40	0.50	1.18	(2.10)	5.02	(2.49)	12.68
PWP	1.79	0.21	0.12	0.27	2.09	(1.91)	4.40	(3.61)	12.52

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