Ameriprise Financial Correlations

AMP Stock

USD 492.64 0.44 0.09%

The current 90-days correlation between Ameriprise Financial and State Street Corp is 0.69 (i.e., Poor diversification). The correlation of Ameriprise 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ameriprise Financial Correlation With Market

Poor diversification

The correlation between Ameriprise Financial and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ameriprise Financial 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 Ameriprise Financial. 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.

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

Moving together with Ameriprise Stock

0.84	ECPG	Encore Capital Group	Pair Corr
0.93	AXP	American Express	Pair Corr
0.76	COF	Capital One Financial	Pair Corr
0.78	DFS	Discover Financial	Pair Corr
0.9	SYF	Synchrony Financial	Pair Corr
0.77	PFSI	PennyMac Finl Svcs	Pair Corr
0.75	PYPL	PayPal Holdings	Pair Corr
0.78	ALLY	Ally Financial	Pair Corr
0.66	APAM	Artisan Partners Asset	Pair Corr
0.93	SOFI	SoFi Technologies	Pair Corr
0.61	BITF	Bitfarms	Pair Corr
0.7	UPST	Upstart Holdings	Pair Corr
0.65	C	Citigroup	Pair Corr
0.78	AX	Axos Financial	Pair Corr
0.92	BN	Brookfield Corp	Pair Corr
0.91	BX	Blackstone Group	Pair Corr
0.78	BY	Byline Bancorp	Pair Corr
0.96	CG	Carlyle Group	Pair Corr
0.88	CM	Canadian Imperial Bank	Pair Corr

Moving against Ameriprise Stock

0.76	RENEW	Cartesian Growth	Pair Corr
0.68	CB	Chubb	Pair Corr
0.6	DB	Deutsche Bank AG	Pair Corr
0.57	HG	Hamilton Insurance Group,	Pair Corr
0.57	LU	Lufax Holding	Pair Corr
0.52	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	STT	BK	SEIC	PFG	AMG	FOCS	AMK	BCAT	BBUC	TROW
STT		0.17	0.91	-0.13	0.69	0.0	0.0	0.32	-0.31	0.83	STT
BK	0.17		0.04	0.88	-0.39	0.0	0.0	0.74	0.52	-0.3	BK
SEIC	0.91	0.04		-0.32	0.81	0.0	0.0	0.25	-0.53	0.9	SEIC
PFG	-0.13	0.88	-0.32		-0.65	0.0	0.0	0.64	0.75	-0.58	PFG
AMG	0.69	-0.39	0.81	-0.65		0.0	0.0	-0.17	-0.76	0.89	AMG
FOCS	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FOCS
AMK	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	AMK
BCAT	0.32	0.74	0.25	0.64	-0.17	0.0	0.0		0.34	-0.02	BCAT
BBUC	-0.31	0.52	-0.53	0.75	-0.76	0.0	0.0	0.34		-0.64	BBUC
TROW	0.83	-0.3	0.9	-0.58	0.89	0.0	0.0	-0.02	-0.64		TROW
	STT	BK	SEIC	PFG	AMG	FOCS	AMK	BCAT	BBUC	TROW

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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

SEIC	+ 0.91	STT
TROW	+ 0.9	SEIC
TROW	+ 0.89	AMG
PFG	+ 0.88	BK
TROW	+ 0.83	STT
AMG	+ 0.81	SEIC

High negative correlations

BBUC	- 0.76	AMG
AMG	- 0.65	PFG
TROW	- 0.64	BBUC
TROW	- 0.58	PFG
BBUC	- 0.53	SEIC
AMG	- 0.39	BK

Risk-Adjusted Indicators

There is a big difference between Ameriprise Stock performing well and Ameriprise 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 Ameriprise 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
STT	1.20	(0.06)	0.00	(0.12)	0.00	0.00	2.38	(3.40)	9.98
BK	1.10	0.18	0.11	0.09	1.39	(1.14)	1.97	(3.18)	11.82
SEIC	0.98	(0.12)	0.00	(0.20)	0.00	0.00	1.63	(2.42)	7.20
PFG	1.09	0.16	0.11	0.10	1.37	(1.13)	2.50	(2.52)	6.31
AMG	1.37	(0.08)	0.00	(0.15)	0.00	0.00	2.68	(3.08)	6.33
FOCS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BCAT	0.62	(0.03)	0.00	(0.13)	0.00	0.00	1.14	(1.46)	4.22
BBUC	1.65	0.13	0.06	0.05	1.99	(1.67)	3.04	(3.64)	9.29
TROW	1.18	(0.29)	0.00	(0.36)	0.00	0.00	1.91	(3.64)	6.99

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