Assicurazioni Generali Correlations

ARZGY Stock

USD 14.29 0.18 1.24%

The current 90-days correlation between Assicurazioni Generali and Sampo Oyj is 0.12 (i.e., Average diversification). The correlation of Assicurazioni Generali 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.

Assicurazioni Generali Correlation With Market

Average diversification

The correlation between Assicurazioni Generali SpA and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assicurazioni Generali SpA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Assicurazioni Generali could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Assicurazioni Generali 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 Assicurazioni Generali - 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 Assicurazioni Generali SpA to buy it.

Moving together with Assicurazioni Pink Sheet

0.76

ZURVY

Zurich Insurance

Pair Corr

Moving against Assicurazioni Pink Sheet

0.42	TPDDF	Talon Energy	Pair Corr
0.51	LINK	Interlink Electronics Upward Rally	Pair Corr
0.44	FANH	Fanhua Inc Symbol Change	Pair Corr
0.39	OXLC	Oxford Lane Capital	Pair Corr
0.37	PMMAF	Puma SE	Pair Corr
0.31	MTDR	Matador Resources	Pair Corr

Related Correlations Analysis

	SAXPF	AGESY	ATH-PC	ARZGF	AXAHF	SAXPY	ZURVY	ATH-PB	HIG-PG
SAXPF		0.42	-0.59	-0.25	0.69	0.77	-0.17	0.44	-0.48	SAXPF
AGESY	0.42		0.04	0.19	0.51	0.56	0.26	0.7	-0.01	AGESY
ATH-PC	-0.59	0.04		0.48	-0.42	-0.51	0.49	0.03	0.79	ATH-PC
ARZGF	-0.25	0.19	0.48		-0.2	-0.17	0.46	0.03	0.31	ARZGF
AXAHF	0.69	0.51	-0.42	-0.2		0.88	-0.01	0.41	-0.55	AXAHF
SAXPY	0.77	0.56	-0.51	-0.17	0.88		-0.06	0.47	-0.58	SAXPY
ZURVY	-0.17	0.26	0.49	0.46	-0.01	-0.06		0.05	0.27	ZURVY
ATH-PB	0.44	0.7	0.03	0.03	0.41	0.47	0.05		0.14	ATH-PB
HIG-PG	-0.48	-0.01	0.79	0.31	-0.55	-0.58	0.27	0.14		HIG-PG
	SAXPF	AGESY	ATH-PC	ARZGF	AXAHF	SAXPY	ZURVY	ATH-PB	HIG-PG

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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

SAXPY	+ 0.88	AXAHF
HIG-PG	+ 0.79	ATH-PC
SAXPY	+ 0.77	SAXPF
ATH-PB	+ 0.7	AGESY
AXAHF	+ 0.69	SAXPF
SAXPY	+ 0.56	AGESY

High negative correlations

ATH-PC	- 0.59	SAXPF
HIG-PG	- 0.58	SAXPY
HIG-PG	- 0.55	AXAHF
SAXPY	- 0.51	ATH-PC
HIG-PG	- 0.48	SAXPF
AXAHF	- 0.42	ATH-PC

Risk-Adjusted Indicators

There is a big difference between Assicurazioni Pink Sheet performing well and Assicurazioni Generali 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 Assicurazioni Generali'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
SAXPF	0.32	(0.06)	0.00	0.51	0.00	0.00	0.00	(0.40)	8.58
AGESY	0.82	0.02	(0.08)	(1.59)	1.09	(0.83)	1.70	(1.63)	5.83
ATH-PC	0.22	0.02	(0.38)	0.41	0.14	(0.27)	0.48	(0.36)	2.11
ARZGF	0.27	0.11	0.00	1.04	0.00	0.00	0.00	0.00	7.21
AXAHF	1.13	(0.17)	0.00	(1.50)	0.00	0.00	2.66	(3.26)	8.35
SAXPY	0.77	(0.11)	0.00	(0.78)	0.00	0.00	1.47	(1.72)	4.50
ZURVY	0.60	0.07	(0.02)	0.33	0.53	(0.64)	1.44	(0.99)	3.13
ATH-PB	0.78	(0.03)	0.00	(0.24)	0.00	0.00	1.25	(1.98)	5.23
HIG-PG	0.30	0.01	(0.28)	0.25	0.31	(0.35)	0.68	(0.60)	2.15

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Assicurazioni Generali Corporate Management

Cristiano Borean	Group Reports	Profile
Maurizio Basso	Group Compliance Officer	Profile
Philippe Donnet	Country Manager, Italy	Profile
Monica Possa	Head of Human Resources and Organization	Profile
Antonio Cangeri	General Counsel, Secretary	Profile
Fabio Cleva	Head Relations	Profile

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