Enstar Group Correlations
| ESGRO Preferred Stock | USD 20.04 0.11 0.55% |
The current 90-days correlation between Enstar Group Limited and Enstar Group Limited is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enstar Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enstar Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Enstar Group Correlation With Market
Average diversification
The correlation between Enstar Group Limited and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enstar Group Limited and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Enstar 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 Enstar 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 Enstar 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 Enstar Group Limited to buy it.
Moving together with Enstar Preferred Stock
Moving against Enstar Preferred Stock
| 0.39 | FGFPP | Fundamental Global | PairCorr |
| 0.44 | ACGL | Arch Capital Group | PairCorr |
| 0.33 | CB | Chubb | PairCorr |
| 0.43 | IX | Orix Corp Ads | PairCorr |
| 0.43 | PT | Pintec Technology | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between Enstar Preferred Stock performing well and Enstar 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 Enstar 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ESGR | 0.26 | (0.04) | 0.00 | (0.06) | 0.00 | 0.63 | 1.81 | |||
| BRK-B | 0.73 | (0.04) | (0.05) | 0.07 | 0.87 | 1.16 | 7.23 | |||
| ATH-PB | 0.78 | (0.03) | 0.00 | (0.24) | 0.00 | 1.25 | 5.23 | |||
| ATH-PC | 0.22 | 0.02 | (0.38) | 0.41 | 0.14 | 0.48 | 2.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Enstar 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.Did you try this?
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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Enstar Group Corporate Management
| Michael Murphy | Principal Officer | Profile | |
| Audrey Taranto | Group Sec | Profile | |
| Nazar Alobaidat | Chief Officer | Profile | |
| David Ni | Chief Officer | Profile | |
| Laurence Plumb | Deputy Operations | Profile |