Assurant Correlations

AIZN Stock

USD 20.93 0.07 0.33%

The current 90-days correlation between Assurant and American Financial Group is 0.47 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Assurant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Assurant moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Assurant Correlation With Market

Modest diversification

The correlation between Assurant and DJI is 0.21 (i.e., Modest 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 nation.

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

Moving together with Assurant Stock

0.81	AFGE	American Financial	Pair Corr
0.84	MGR	Affiliated Managers	Pair Corr

Moving against Assurant Stock

0.79	DLO	Dlocal	Pair Corr
0.58	FLYW	Flywire Corp	Pair Corr
0.53	EVTC	Evertec	Pair Corr
0.44	FCRX	First Eagle Alternative	Pair Corr
0.38	PRE	Prenetics Global	Pair Corr
0.81	LPAA	Launch One Acquisition	Pair Corr
0.74	PCSC	Perceptive Capital	Pair Corr
0.71	MARXR	Mars Acquisition Corp	Pair Corr
0.71	PRTH	Priority Technology	Pair Corr
0.7	MACI	Melar Acquisition Corp	Pair Corr
0.61	MOGO	Mogo Inc	Pair Corr
0.61	RELY	Remitly Global	Pair Corr
0.52	PAYO	Payoneer Global	Pair Corr
0.5	TBMCR	Trailblazer Merger	Pair Corr
0.46	ATMCR	AlphaTime Acquisition	Pair Corr
0.4	RFAI	RF Acquisition Corp	Pair Corr

Related Correlations Analysis

	AFGD	AEFC	AFGC	AFGB	AFGE
AFGD		0.59	0.67	0.73	0.57	AFGD
AEFC	0.59		0.81	0.78	0.73	AEFC
AFGC	0.67	0.81		0.82	0.92	AFGC
AFGB	0.73	0.78	0.82		0.69	AFGB
AFGE	0.57	0.73	0.92	0.69		AFGE
	AFGD	AEFC	AFGC	AFGB	AFGE

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
AFGD	0.68	(0.09)	(0.65)	1.30	(1.40)	3.94
AEFC	0.62	(0.14)	(1.04)	1.19	(1.51)	4.69
AFGC	0.66	(0.14)	(0.36)	1.04	(1.45)	4.60
AFGB	0.50	(0.12)	(0.63)	0.90	(1.09)	3.24
AFGE	0.66	(0.09)	(0.55)	1.29	(1.51)	3.61

Assurant Corporate Management

Manny Becerra	Chief Innovation Officer	Profile
Robert Stein	Independent Director	Profile
JeanPaul Montupet	Independent Director	Profile
Biju Nair	President - Global Connected Living Business	Profile
Federico Bunge	President - Assurant Latin America	Profile

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