AMERISAFE Correlations

AMSF Stock

USD 51.10 0.32 0.62%

The current 90-days correlation between AMERISAFE and James River Group is 0.32 (i.e., Weak diversification). The correlation of AMERISAFE 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.

AMERISAFE Correlation With Market

Modest diversification

The correlation between AMERISAFE and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMERISAFE 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 AMERISAFE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more detail on how to invest in AMERISAFE Stock please use our How to Invest in AMERISAFE guide.

Moving together with AMERISAFE Stock

0.91	EIG	Employers Holdings	Pair Corr
0.88	ITIC	Investors Title	Pair Corr
0.68	DHIL	Diamond Hill Investment	Pair Corr

Moving against AMERISAFE Stock

0.49	C	Citigroup Earnings Call Today	Pair Corr
0.55	GL	Globe Life	Pair Corr
0.42	V	Visa Class A	Pair Corr
0.4	BK	Bank of New York	Pair Corr
0.39	GS	Goldman Sachs Group	Pair Corr

Related Correlations Analysis

	AGO	MBI	ACT	ICCH	JRVR	ESNT	ITIC	EIG	NMIH
AGO		0.68	0.22	-0.05	0.73	0.72	-0.19	-0.04	0.67	AGO
MBI	0.68		-0.02	-0.16	0.66	0.33	-0.18	-0.17	0.17	MBI
ACT	0.22	-0.02		-0.57	-0.15	0.46	0.38	0.43	0.3	ACT
ICCH	-0.05	-0.16	-0.57		-0.05	-0.31	0.02	-0.13	0.11	ICCH
JRVR	0.73	0.66	-0.15	-0.05		0.34	-0.17	-0.03	0.46	JRVR
ESNT	0.72	0.33	0.46	-0.31	0.34		-0.42	-0.22	0.47	ESNT
ITIC	-0.19	-0.18	0.38	0.02	-0.17	-0.42		0.83	0.22	ITIC
EIG	-0.04	-0.17	0.43	-0.13	-0.03	-0.22	0.83		0.34	EIG
NMIH	0.67	0.17	0.3	0.11	0.46	0.47	0.22	0.34		NMIH
	AGO	MBI	ACT	ICCH	JRVR	ESNT	ITIC	EIG	NMIH

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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

EIG	+ 0.83	ITIC
JRVR	+ 0.73	AGO
ESNT	+ 0.72	AGO
MBI	+ 0.68	AGO
NMIH	+ 0.67	AGO
JRVR	+ 0.66	MBI

High negative correlations

ICCH	- 0.57	ACT
ITIC	- 0.42	ESNT
ESNT	- 0.31	ICCH
EIG	- 0.22	ESNT
ITIC	- 0.19	AGO
ITIC	- 0.18	MBI

Risk-Adjusted Indicators

There is a big difference between AMERISAFE Stock performing well and AMERISAFE 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 AMERISAFE'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
MBI	2.91	(0.09)	0.00	(0.35)	0.00	0.00	5.17	(5.36)	28.95
ACT	0.79	0.04	0.00	(0.04)	0.00	0.00	1.52	(2.21)	4.71
ICCH	0.42	0.00	0.16	(0.13)	0.55	(0.58)	1.18	(0.64)	4.57
JRVR	2.03	0.02	0.00	(0.09)	0.00	0.00	4.31	(3.24)	35.31
ESNT	0.95	0.07	0.07	0.01	1.39	(0.89)	1.87	(2.56)	5.90
ITIC	1.50	(0.02)	0.00	(0.12)	0.00	0.00	1.90	(2.72)	8.45
EIG	0.95	0.00	0.00	(0.10)	0.00	0.00	1.97	(2.27)	5.62
NMIH	1.05	(0.03)	0.00	(0.13)	0.00	0.00	2.11	(2.74)	7.42

AMERISAFE Corporate Management

Kathryn Shirley	Sr. VP, General Counsel and Secretary	Profile
Michael Cobb	Senior Operations	Profile
Henry IV	Senior Operations	Profile
Mary Hamel	VP Sales	Profile
Raymond Wise	Executive Officer	Profile

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