American Coastal Correlations

ACIC Stock

USD 11.87 0.39 3.40%

The current 90-days correlation between American Coastal Ins and Apartment Investment and is -0.15 (i.e., Good diversification). The correlation of American Coastal 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.

American Coastal Correlation With Market

Weak diversification

The correlation between American Coastal Insurance and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Coastal Insurance 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 American Coastal Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against American Stock

0.5	HCI	HCI Group	Pair Corr
0.4	THG	Hanover Insurance	Pair Corr
0.37	L	Loews Corp	Pair Corr
0.33	TRV	The Travelers Companies	Pair Corr
0.33	WRB	W R Berkley	Pair Corr
0.31	MKL	Markel	Pair Corr
0.48	ROOT	Root Inc	Pair Corr
0.46	GL	Globe Life	Pair Corr
0.43	ARGO-PA	Argo Group International	Pair Corr
0.39	DB	Deutsche Bank AG	Pair Corr

Related Correlations Analysis

	FTLF	IGI	INGR	AIV	TWO-P-C	ORI	NWE	ALFDF
FTLF		-0.47	0.42	-0.3	-0.03	-0.63	-0.65	-0.53	FTLF
IGI	-0.47		-0.57	0.45	0.29	0.73	0.43	0.69	IGI
INGR	0.42	-0.57		-0.52	0.02	-0.46	-0.17	-0.54	INGR
AIV	-0.3	0.45	-0.52		-0.07	0.72	0.48	0.79	AIV
TWO-P-C	-0.03	0.29	0.02	-0.07		0.31	0.13	0.17	TWO-P-C
ORI	-0.63	0.73	-0.46	0.72	0.31		0.78	0.87	ORI
NWE	-0.65	0.43	-0.17	0.48	0.13	0.78		0.64	NWE
ALFDF	-0.53	0.69	-0.54	0.79	0.17	0.87	0.64		ALFDF
	FTLF	IGI	INGR	AIV	TWO-P-C	ORI	NWE	ALFDF

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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

ALFDF	+ 0.87	ORI
ALFDF	+ 0.79	AIV
NWE	+ 0.78	ORI
ORI	+ 0.73	IGI
ORI	+ 0.72	AIV
ALFDF	+ 0.69	IGI

High negative correlations

NWE	- 0.65	FTLF
ORI	- 0.63	FTLF
INGR	- 0.57	IGI
ALFDF	- 0.54	INGR
ALFDF	- 0.53	FTLF
AIV	- 0.52	INGR

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Coastal 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 American Coastal'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
FTLF	1.83	(0.33)	0.00	(0.54)	0.00	0.00	2.97	(4.39)	14.59
IGI	0.32	(0.01)	0.00	0.06	0.00	0.00	0.55	(0.67)	1.51
INGR	0.94	(0.10)	0.00	(0.30)	0.00	0.00	1.67	(2.02)	6.81
AIV	1.15	0.12	0.08	(1.50)	1.19	(1.44)	3.07	(1.98)	11.40
TWO-P-C	0.23	0.00	(0.01)	(0.04)	0.37	(0.26)	0.56	(0.60)	2.54
ORI	0.93	0.13	0.09	21.91	1.26	(0.90)	2.16	(2.20)	6.06
NWE	1.12	0.08	0.05	0.16	1.54	(1.07)	2.20	(2.57)	7.16
ALFDF	0.12	0.05	0.00	0.48	0.00	0.00	0.00	0.00	4.08

American Coastal Corporate Management

Antonio Gonzalez	Senior Relations	Profile
James CPA	Chief Officer	Profile
Brooke Adler	General Secretary	Profile
JD CPA	Chief Officer	Profile

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