Athene Holding Correlations

Preferred Stocks . USA . 
Preferred Stock . Athene Holding
ATH-PA Preferred Stock  USD 24.94  0.06  0.24%   
The current 90-days correlation between Athene Holding and Arch Capital Group is 0.57 (i.e., Very weak diversification). The correlation of Athene Holding 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.

Athene Holding Correlation With Market

Modest diversification

The correlation between Athene Holding and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Athene Holding and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Athene Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Athene Holding 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 Athene Holding - 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 Athene Holding to buy it.

Moving together with Athene Preferred Stock

  0.82ESGR Enstar Group LimitedPairCorr
  0.63AEG Aegon NV ADRPairCorr
  0.81AIG American InternationalPairCorr
  0.68EQH Axa Equitable HoldingsPairCorr
  0.81HIG Hartford FinancialPairCorr
  0.86ORI Old Republic InternaPairCorr
  0.69WDH Waterdrop ADRPairCorr
  0.72GSHD Goosehead InsurancePairCorr
  0.61IGIC International GeneralPairCorr
  0.86HIG-PG The Hartford FinancialPairCorr
  0.79ESGRP Enstar GroupPairCorr
  0.63ESGRO Enstar Group LimitedPairCorr
  0.82ATH-PC Athene HoldingPairCorr
  0.61EQH-PA Equitable HoldingsPairCorr
  0.69V Visa Class APairCorr
  0.69BK Bank of New YorkPairCorr

Moving against Athene Preferred Stock

  0.71FIHL Fidelis InsurancePairCorr
  0.56SLF Sun Life FinancialPairCorr
  0.34FGF Fundamental GlobalPairCorr
  0.63CM Canadian Imperial BankPairCorr
  0.58AX Axos FinancialPairCorr
  0.53DHIL Diamond Hill InvestmentPairCorr
  0.52BX Blackstone Group Normal TradingPairCorr
  0.37BY Byline BancorpPairCorr
  0.36CG Carlyle Group Normal TradingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Athene Preferred Stock performing well and Athene Holding 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 Athene Holding'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Athene Holding 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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Athene Holding Corporate Management

Martin KleinEx CFOProfile
Karen LynnSr CommunicationsProfile
James BelardiChairman, CoFounderProfile
Michael DowningEx COOProfile
Randall EprightEx OfficerProfile
Noah GunnHead RelationsProfile
Sarah CPACorp VPProfile
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