Argo Group Correlations

ARGO-PA Preferred Stock

USD 25.05 0.01 0.04%

The current 90-days correlation between Argo Group International and Essent Group is 0.02 (i.e., Significant diversification). The correlation of Argo Group 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.

Argo Group Correlation With Market

Average diversification

The correlation between Argo Group International and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Argo Group International and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Argo Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Argo Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Argo Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Argo Group International to buy it.

Moving together with Argo Preferred Stock

0.75	CB	Chubb	Pair Corr
0.72	ALL	Allstate	Pair Corr
0.9	HCI	HCI Group	Pair Corr
0.93	HIG	Hartford Financial	Pair Corr
0.72	HMN	Horace Mann Educators	Pair Corr
0.61	MKL	Markel	Pair Corr
0.9	ORI	Old Republic Interna	Pair Corr
0.93	PGR	Progressive Corp	Pair Corr
0.87	THG	Hanover Insurance	Pair Corr
0.88	TRV	The Travelers Companies	Pair Corr
0.66	UVE	Universal Insurance Normal Trading	Pair Corr
0.88	WRB	W R Berkley	Pair Corr
0.83	SIGIP	Selective Insurance	Pair Corr
0.76	ALL-PJ	Allstate	Pair Corr
0.91	PLMR	Palomar Holdings Normal Trading	Pair Corr
0.88	ROOT	Root Inc	Pair Corr

Moving against Argo Preferred Stock

0.62	AFG	American Financial	Pair Corr
0.52	RLI	RLI Corp Normal Trading	Pair Corr
0.41	MCY	Mercury General	Pair Corr
0.84	NODK	NI Holdings	Pair Corr
0.7	SAFT	Safety Insurance	Pair Corr
0.46	HGTY	Hagerty	Pair Corr
0.44	SIGI	Selective Insurance	Pair Corr
0.41	ACIC	American Coastal Ins	Pair Corr
0.38	WTM	White Mountains Insurance	Pair Corr

Related Correlations Analysis

	ESNT	OGS	AEG	ATO	WES	ARIS	RDN
ESNT		0.21	0.72	0.25	0.58	0.38	0.79	ESNT
OGS	0.21		0.4	0.91	0.39	0.66	0.0	OGS
AEG	0.72	0.4		0.5	0.78	0.65	0.55	AEG
ATO	0.25	0.91	0.5		0.52	0.7	0.1	ATO
WES	0.58	0.39	0.78	0.52		0.68	0.51	WES
ARIS	0.38	0.66	0.65	0.7	0.68		0.21	ARIS
RDN	0.79	0.0	0.55	0.1	0.51	0.21		RDN
	ESNT	OGS	AEG	ATO	WES	ARIS	RDN

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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

ATO	+ 0.91	OGS
RDN	+ 0.79	ESNT
WES	+ 0.78	AEG
AEG	+ 0.72	ESNT
ARIS	+ 0.7	ATO
ARIS	+ 0.68	WES

High negative correlations

RDN

- 0.0

OGS

Risk-Adjusted Indicators

There is a big difference between Argo Preferred Stock performing well and Argo Group 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 Argo Group'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
ESNT	0.95	0.08	0.06	(1.49)	1.32	(0.91)	1.88	(2.56)	5.90
OGS	1.08	0.06	0.05	(0.18)	1.36	(1.15)	2.31	(1.71)	5.16
AEG	1.22	0.23	0.08	0.96	2.51	(1.20)	2.68	(2.57)	12.41
ATO	0.93	0.15	0.14	0.36	0.93	(1.03)	1.96	(1.65)	5.33
WES	1.28	0.16	0.10	0.22	1.39	(1.40)	2.77	(2.12)	7.33
ARIS	2.96	0.61	0.15	0.73	3.48	(3.15)	8.08	(7.55)	28.27
RDN	0.96	0.08	0.06	0.10	1.29	(0.99)	1.91	(1.92)	6.29

Be your own money manager

Our tools can tell you how much better you can do entering a position in Argo Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Argo Group Corporate Management

James Halliday	VP	Profile
Susan Comparato	Chief Officer	Profile
Allison ESQ	G Sec	Profile
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