Assured Guaranty Correlations

AGO Stock

USD 85.38 1.38 1.59%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Assured Guaranty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Assured Guaranty moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Assured Guaranty Correlation With Market

Weak diversification

The correlation between Assured Guaranty and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assured Guaranty 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 Assured Guaranty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Assured Stock, please use our How to Invest in Assured Guaranty guide.

Moving together with Assured Stock

0.72	ESNT	Essent Group	Pair Corr
0.61	MBI	MBIA Inc	Pair Corr
0.87	MTG	MGIC Investment Corp	Pair Corr
0.69	RDN	Radian Group	Pair Corr
0.71	JRVR	James River Group	Pair Corr
0.7	NMIH	NMI Holdings	Pair Corr
0.8	C	Citigroup Aggressive Push	Pair Corr
0.88	BN	Brookfield Corp	Pair Corr
0.69	BX	Blackstone Group Normal Trading	Pair Corr
0.67	BY	Byline Bancorp	Pair Corr
0.83	CG	Carlyle Group Normal Trading	Pair Corr
0.62	CM	Canadian Imperial Bank	Pair Corr
0.72	FG	FG Annuities Life	Pair Corr
0.86	GS	Goldman Sachs Group	Pair Corr

Moving against Assured Stock

0.33	FNF	Fidelity National	Pair Corr
0.59	TIPT	Tiptree	Pair Corr
0.52	CB	Chubb	Pair Corr
0.34	DB	Deutsche Bank AG	Pair Corr
0.48	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.44	LU	Lufax Holding	Pair Corr

Related Correlations Analysis

	AEL	AXS	MBI	AIZ	AFG
AEL		0.0	0.0	0.0	0.0	AEL
AXS	0.0		-0.1	0.04	-0.5	AXS
MBI	0.0	-0.1		-0.05	-0.14	MBI
AIZ	0.0	0.04	-0.05		0.6	AIZ
AFG	0.0	-0.5	-0.14	0.6		AFG
	AEL	AXS	MBI	AIZ	AFG

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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

AFG	+ 0.6	AIZ
AIZ	+ 0.04	AXS
AXS	+ 0.0	AEL
MBI	+ 0.0	AEL
AIZ	+ 0.0	AEL
AFG	+ 0.0	AEL

High negative correlations

AFG	- 0.5	AXS
AFG	- 0.14	MBI
MBI	- 0.1	AXS
AIZ	- 0.05	MBI
AFG	- 0.0	AEL
AIZ	- 0.0	AEL

Risk-Adjusted Indicators

There is a big difference between Assured Stock performing well and Assured Guaranty 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 Assured Guaranty'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
AEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AXS	1.13	0.06	0.10	(0.67)	1.33	(1.25)	2.46	(2.21)	5.77
MBI	2.89	(0.14)	0.00	(1.13)	0.00	0.00	5.17	(5.36)	28.95
AIZ	1.09	0.01	0.00	(0.06)	0.00	0.00	2.23	(2.43)	5.07
AFG	1.00	(0.13)	0.00	(3.01)	0.00	0.00	1.80	(1.94)	8.90

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