General American Correlations

GAM Stock

USD 51.35 0.26 0.51%

The current 90-days correlation between General American Inv and Blackrock Muniyield is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as General American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if General American Investors moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

General American Correlation With Market

Poor diversification

The correlation between General American Investors and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General American Investors and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General American Investors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with General Stock

0.78	ECPG	Encore Capital Group	Pair Corr
0.89	AXP	American Express	Pair Corr
0.68	CNF	CNFinance Holdings	Pair Corr
0.84	COF	Capital One Financial	Pair Corr
0.84	DFS	Discover Financial	Pair Corr
0.78	SYF	Synchrony Financial	Pair Corr
0.67	OPFI	OppFi Inc	Pair Corr
0.71	PFSI	PennyMac Finl Svcs	Pair Corr
0.87	ALLY	Ally Financial Normal Trading	Pair Corr
0.73	APAM	Artisan Partners Asset	Pair Corr
0.79	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.71	UPST	Upstart Holdings	Pair Corr
0.83	C	Citigroup Aggressive Push	Pair Corr
0.72	AX	Axos Financial	Pair Corr
0.88	BN	Brookfield Corp Sell-off Trend	Pair Corr
0.74	BX	Blackstone Group	Pair Corr
0.76	BY	Byline Bancorp	Pair Corr
0.84	CG	Carlyle Group Normal Trading	Pair Corr
0.68	CM	Canadian Imperial Bank	Pair Corr

Moving against General Stock

0.7	RENEW	Cartesian Growth	Pair Corr
0.65	CB	Chubb Sell-off Trend	Pair Corr
0.44	HG	Hamilton Insurance Group,	Pair Corr
0.39	LU	Lufax Holding Buyout Trend	Pair Corr
0.37	DB	Deutsche Bank AG	Pair Corr
0.32	EG	Everest Group	Pair Corr

Related Correlations Analysis

	MYD	NIE	CXH	CBH	IHIT	JHAA	EOT	MUI	MQY	MYI
MYD		0.19	0.89	0.0	0.0	0.0	0.9	0.02	0.9	0.79	MYD
NIE	0.19		0.04	0.0	0.0	0.0	0.03	0.32	-0.03	0.24	NIE
CXH	0.89	0.04		0.0	0.0	0.0	0.85	-0.02	0.8	0.72	CXH
CBH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CBH
IHIT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	IHIT
JHAA	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	JHAA
EOT	0.9	0.03	0.85	0.0	0.0	0.0		0.1	0.86	0.78	EOT
MUI	0.02	0.32	-0.02	0.0	0.0	0.0	0.1		0.02	0.19	MUI
MQY	0.9	-0.03	0.8	0.0	0.0	0.0	0.86	0.02		0.83	MQY
MYI	0.79	0.24	0.72	0.0	0.0	0.0	0.78	0.19	0.83		MYI
	MYD	NIE	CXH	CBH	IHIT	JHAA	EOT	MUI	MQY	MYI

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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

EOT	+ 0.9	MYD
MQY	+ 0.9	MYD
CXH	+ 0.89	MYD
MQY	+ 0.86	EOT
EOT	+ 0.85	CXH
MYI	+ 0.83	MQY

High negative correlations

MQY	- 0.03	NIE
MUI	- 0.02	CXH
MYI	- 0.0	JHAA
MQY	- 0.0	JHAA
MUI	- 0.0	JHAA
EOT	- 0.0	JHAA

Risk-Adjusted Indicators

There is a big difference between General Stock performing well and General American 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 General American'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
MYD	0.45	(0.02)	0.00	(0.16)	0.00	0.00	0.97	(0.93)	2.63
NIE	0.85	(0.09)	0.00	(0.10)	0.00	0.00	1.48	(2.20)	7.23
CXH	0.38	(0.01)	0.00	(0.13)	0.00	0.00	0.76	(1.00)	2.37
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IHIT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHAA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EOT	0.47	(0.02)	0.00	(0.10)	0.00	0.00	1.01	(1.28)	2.87
MUI	0.39	(0.01)	(0.01)	(0.02)	0.56	(0.48)	0.67	(1.40)	3.07
MQY	0.50	(0.04)	0.00	(0.22)	0.00	0.00	1.04	(0.95)	2.85
MYI	0.53	0.03	0.04	0.10	0.59	(0.62)	1.09	(1.09)	3.13

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