Assurant Correlations

AIZ Stock

USD 213.70 1.10 0.52%

The current 90-days correlation between Assurant and Enact Holdings is 0.66 (i.e., Poor diversification). The correlation of Assurant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Assurant Correlation With Market

Weak diversification

The correlation between Assurant and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assurant 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 Assurant. 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.

For more information on how to buy Assurant Stock please use our How to Invest in Assurant guide.

Moving together with Assurant Stock

0.66	AFG	American Financial	Pair Corr
0.74	WTM	White Mountains Insurance	Pair Corr
0.62	KNSL	Kinsale Capital Group	Pair Corr

Moving against Assurant Stock

0.33	PGR	Progressive Corp	Pair Corr
0.35	PLMR	Palomar Holdings	Pair Corr
0.36	ARGO-PA	Argo Group International	Pair Corr

Related Correlations Analysis

	AGO	AMBC	AMSF	ACT	ESNT	MTG	JRVR	EIG	RDN
AGO		0.48	-0.16	0.22	0.72	0.86	0.73	-0.04	0.76	AGO
AMBC	0.48		0.25	-0.16	-0.07	0.36	0.68	0.26	0.31	AMBC
AMSF	-0.16	0.25		0.32	-0.3	-0.02	-0.13	0.91	0.18	AMSF
ACT	0.22	-0.16	0.32		0.46	0.56	-0.15	0.43	0.64	ACT
ESNT	0.72	-0.07	-0.3	0.46		0.81	0.34	-0.22	0.73	ESNT
MTG	0.86	0.36	-0.02	0.56	0.81		0.55	0.07	0.93	MTG
JRVR	0.73	0.68	-0.13	-0.15	0.34	0.55		-0.03	0.43	JRVR
EIG	-0.04	0.26	0.91	0.43	-0.22	0.07	-0.03		0.24	EIG
RDN	0.76	0.31	0.18	0.64	0.73	0.93	0.43	0.24		RDN
	AGO	AMBC	AMSF	ACT	ESNT	MTG	JRVR	EIG	RDN

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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

RDN	+ 0.93	MTG
EIG	+ 0.91	AMSF
MTG	+ 0.86	AGO
MTG	+ 0.81	ESNT
RDN	+ 0.76	AGO
JRVR	+ 0.73	AGO

High negative correlations

ESNT	- 0.3	AMSF
EIG	- 0.22	ESNT
ACT	- 0.16	AMBC
AMSF	- 0.16	AGO
JRVR	- 0.15	ACT
JRVR	- 0.13	AMSF

Risk-Adjusted Indicators

There is a big difference between Assurant Stock performing well and Assurant 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 Assurant'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
AGO	1.13	0.03	0.00	(0.06)	0.00	0.00	2.10	(3.07)	7.84
AMBC	1.89	(0.58)	0.00	1.74	0.00	0.00	2.62	(6.63)	15.78
AMSF	0.88	(0.02)	0.00	(0.15)	0.00	0.00	1.94	(1.72)	5.38
ACT	0.79	0.04	0.00	(0.04)	0.00	0.00	1.52	(2.21)	4.71
ESNT	0.95	0.07	0.07	0.01	1.39	(0.89)	1.87	(2.56)	5.90
MTG	1.03	0.01	0.00	(0.09)	0.00	0.00	1.80	(2.44)	7.24
JRVR	2.03	0.02	0.00	(0.09)	0.00	0.00	4.31	(3.24)	35.31
EIG	0.95	0.00	0.00	(0.10)	0.00	0.00	1.97	(2.27)	5.62
RDN	1.01	(0.02)	0.00	(0.12)	0.00	0.00	1.91	(2.82)	6.29

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