Affiliated Managers Correlations

AMG Stock

USD 172.80 0.99 0.58%

The correlation of Affiliated Managers 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.

Affiliated Managers Correlation With Market

Very weak diversification

The correlation between Affiliated Managers Group and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affiliated Managers Group 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 Affiliated Managers Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Affiliated Stock

0.84	WD	Walker Dunlop	Pair Corr
0.67	ECPG	Encore Capital Group	Pair Corr
0.73	AXP	American Express	Pair Corr
0.86	SYF	Synchrony Financial	Pair Corr
0.71	ORGN	Origin Materials	Pair Corr
0.92	PYPL	PayPal Holdings Sell-off Trend	Pair Corr
0.73	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.8	BITF	Bitfarms Aggressive Push	Pair Corr
0.73	CODI	Compass Diversified	Pair Corr
0.61	DHIL	Diamond Hill Investment	Pair Corr
0.82	AX	Axos Financial	Pair Corr
0.63	BN	Brookfield Corp Sell-off Trend	Pair Corr
0.92	BX	Blackstone Group	Pair Corr
0.82	CG	Carlyle Group Normal Trading	Pair Corr
0.84	CM	Canadian Imperial Bank	Pair Corr

Moving against Affiliated Stock

0.61	RENEW	Cartesian Growth	Pair Corr
0.56	V	Visa Class A	Pair Corr
0.5	PT	Pintec Technology	Pair Corr
0.43	WSBF	Waterstone Financial	Pair Corr
0.41	GDST	Goldenstone Acquisition	Pair Corr
0.45	COOP	Mr Cooper Group	Pair Corr
0.44	BK	Bank of New York	Pair Corr
0.41	BBDC	Barings BDC	Pair Corr
0.34	AC	Associated Capital	Pair Corr
0.83	LU	Lufax Holding Buyout Trend	Pair Corr
0.74	DB	Deutsche Bank AG	Pair Corr
0.72	LX	Lexinfintech Holdings	Pair Corr
0.6	GL	Globe Life	Pair Corr
0.53	CB	Chubb Sell-off Trend	Pair Corr
0.4	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	BSIG	FTF	MUI	MVF	FRA	BBUC	FOCS	AVTA	AEF
BSIG		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BSIG
FTF	0.0		-0.35	0.76	-0.72	0.42	0.0	0.0	0.45	FTF
MUI	0.0	-0.35		-0.34	0.26	-0.51	0.0	0.0	-0.16	MUI
MVF	0.0	0.76	-0.34		-0.6	0.56	0.0	0.0	0.35	MVF
FRA	0.0	-0.72	0.26	-0.6		-0.29	0.0	0.0	0.0	FRA
BBUC	0.0	0.42	-0.51	0.56	-0.29		0.0	0.0	-0.12	BBUC
FOCS	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FOCS
AVTA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	AVTA
AEF	0.0	0.45	-0.16	0.35	0.0	-0.12	0.0	0.0		AEF
	BSIG	FTF	MUI	MVF	FRA	BBUC	FOCS	AVTA	AEF

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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

MVF	+ 0.76	FTF
BBUC	+ 0.56	MVF
AEF	+ 0.45	FTF
BBUC	+ 0.42	FTF
AEF	+ 0.35	MVF
FRA	+ 0.26	MUI

High negative correlations

FRA	- 0.72	FTF
FRA	- 0.6	MVF
BBUC	- 0.51	MUI
MUI	- 0.35	FTF
MVF	- 0.34	MUI
BBUC	- 0.29	FRA

Risk-Adjusted Indicators

There is a big difference between Affiliated Stock performing well and Affiliated Managers 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 Affiliated Managers' 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
BSIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTF	0.46	0.01	0.01	0.09	0.64	(0.47)	0.81	(0.90)	3.29
MUI	0.46	(0.03)	0.00	(0.41)	0.00	0.00	0.73	(1.40)	3.95
MVF	0.51	0.01	0.01	0.08	0.63	(0.56)	1.12	(0.99)	3.98
FRA	0.47	(0.11)	0.00	(0.69)	0.00	0.00	1.10	(1.11)	3.05
BBUC	1.66	0.17	0.08	0.15	1.88	(1.75)	3.05	(3.64)	9.22
FOCS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVTA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AEF	0.93	(0.07)	0.00	(0.12)	0.00	0.00	1.56	(2.29)	5.70

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