Ambac Financial Correlations
| AMBC Stock | USD 8.90 0.13 1.48% |
The current 90-days correlation between Ambac Financial Group and James River Group is 0.17 (i.e., Average diversification). The correlation of Ambac 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.
Ambac |
Moving together with Ambac Stock
| 0.72 | AGO | Assured Guaranty | PairCorr |
| 0.77 | MBI | MBIA Inc | PairCorr |
| 0.87 | JRVR | James River Group | PairCorr |
| 0.73 | BN | Brookfield Corp | PairCorr |
| 0.66 | BX | Blackstone Group | PairCorr |
| 0.8 | BY | Byline Bancorp | PairCorr |
| 0.74 | CG | Carlyle Group Normal Trading | PairCorr |
| 0.69 | CM | Canadian Imperial Bank | PairCorr |
Moving against Ambac Stock
| 0.86 | FNF | Fidelity National | PairCorr |
| 0.82 | TIPT | Tiptree | PairCorr |
| 0.7 | RYAN | Ryan Specialty Group | PairCorr |
| 0.6 | AXS | AXIS Capital Holdings | PairCorr |
| 0.47 | L | Loews Corp | PairCorr |
| 0.46 | FAF | First American | PairCorr |
| 0.45 | ACT | Enact Holdings | PairCorr |
| 0.42 | ITIC | Investors Title | PairCorr |
| 0.37 | AXS-PE | AXIS Capital Holdings | PairCorr |
| 0.34 | AMSF | AMERISAFE | PairCorr |
| 0.83 | HG | Hamilton Insurance Group, Normal Trading | PairCorr |
| 0.76 | LX | Lexinfintech Holdings | PairCorr |
| 0.74 | CB | Chubb | PairCorr |
| 0.74 | LU | Lufax Holding | PairCorr |
| 0.66 | DB | Deutsche Bank AG | PairCorr |
| 0.58 | TW | Tradeweb Markets | PairCorr |
| 0.31 | GL | Globe Life | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ambac Stock performing well and Ambac 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 Ambac 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EIG | 0.93 | (0.04) | 0.00 | 0.53 | 0.00 | 1.97 | 5.62 | |||
| JRVR | 1.96 | (0.18) | 0.00 | (0.29) | 0.00 | 3.89 | 30.96 | |||
| AGO | 1.11 | (0.01) | 0.00 | (0.49) | 0.00 | 2.54 | 7.84 | |||
| ICCH | 0.38 | 0.00 | 0.06 | (0.04) | 0.46 | 1.18 | 3.65 | |||
| RDN | 1.03 | (0.01) | 0.00 | (0.05) | 0.00 | 1.91 | 6.29 | |||
| MTG | 1.06 | 0.00 | 0.00 | (0.03) | 0.00 | 2.17 | 7.24 | |||
| AMSF | 0.83 | 0.00 | 0.04 | (0.06) | 0.95 | 1.94 | 5.38 | |||
| ESNT | 0.93 | 0.09 | 0.10 | (0.75) | 1.15 | 1.88 | 5.90 | |||
| ITIC | 1.41 | 0.01 | 0.03 | (0.06) | 2.01 | 2.23 | 7.61 |