Enstar Group Correlations

ESGRP Preferred Stock

USD 19.96 0.14 0.71%

The current 90-days correlation between Enstar Group and Enstar Group Limited is 0.1 (i.e., Average diversification). The correlation of Enstar 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Enstar Group Correlation With Market

Average diversification

The correlation between Enstar Group Ltd and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enstar Group Ltd and DJI in the same portfolio, assuming nothing else is changed.

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 Ltd to buy it.

Moving together with Enstar Preferred Stock

0.67	ESGR	Enstar Group Limited	Pair Corr
0.65	EQH	Axa Equitable Holdings	Pair Corr
0.7	ESGRO	Enstar Group Limited	Pair Corr
0.67	AB	AllianceBernstein	Pair Corr

Moving against Enstar Preferred Stock

0.34	FGFPP	Fundamental Global	Pair Corr
0.32	FGF	Fundamental Global	Pair Corr
0.69	ACGL	Arch Capital Group	Pair Corr
0.64	EQH-PC	Equitable Holdings	Pair Corr
0.54	EG	Everest Group	Pair Corr
0.43	EQH-PA	Equitable Holdings	Pair Corr
0.31	CB	Chubb	Pair Corr

Related Correlations Analysis

	ESGR	EQH-PC	ATH-PC	BRK-A	AIG	ACGL	SLF	HIG
ESGR		-0.64	0.25	0.48	0.69	-0.46	0.32	0.09	ESGR
EQH-PC	-0.64		-0.35	-0.44	-0.52	0.76	-0.41	-0.06	EQH-PC
ATH-PC	0.25	-0.35		0.12	0.29	-0.62	0.76	0.19	ATH-PC
BRK-A	0.48	-0.44	0.12		0.38	-0.08	0.45	0.48	BRK-A
AIG	0.69	-0.52	0.29	0.38		-0.4	0.23	0.23	AIG
ACGL	-0.46	0.76	-0.62	-0.08	-0.4		-0.45	0.15	ACGL
SLF	0.32	-0.41	0.76	0.45	0.23	-0.45		0.46	SLF
HIG	0.09	-0.06	0.19	0.48	0.23	0.15	0.46		HIG
	ESGR	EQH-PC	ATH-PC	BRK-A	AIG	ACGL	SLF	HIG

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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

ACGL	+ 0.76	EQH-PC
SLF	+ 0.76	ATH-PC
AIG	+ 0.69	ESGR
BRK-A	+ 0.48	ESGR
HIG	+ 0.48	BRK-A
HIG	+ 0.46	SLF

High negative correlations

EQH-PC	- 0.64	ESGR
ACGL	- 0.62	ATH-PC
AIG	- 0.52	EQH-PC
ACGL	- 0.46	ESGR
SLF	- 0.45	ACGL
BRK-A	- 0.44	EQH-PC

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	0.00	0.63	(0.82)	1.81
EQH-PC	0.72	(0.04)	0.00	(0.13)	0.00	0.00	1.44	(1.49)	3.92
ATH-PC	0.22	0.02	(0.38)	0.41	0.14	(0.27)	0.48	(0.36)	2.11
BRK-A	0.74	(0.04)	(0.05)	0.07	0.89	(0.84)	1.32	(1.95)	7.55
AIG	0.97	(0.04)	(0.04)	0.07	1.20	(1.04)	1.77	(1.33)	8.30
ACGL	1.22	(0.21)	0.00	(0.05)	0.00	0.00	2.05	(2.74)	9.16
SLF	0.61	0.13	0.11	0.34	0.36	(0.74)	1.26	(0.93)	5.09
HIG	0.89	0.13	0.01	(3.38)	1.59	(0.87)	1.94	(2.02)	9.07

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.

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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

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