James River Correlations

JRVR Stock

USD 3.98 0.08 2.05%

The current 90-days correlation between James River Group and Employers Holdings is 0.28 (i.e., Modest diversification). The correlation of James River 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.

James River Correlation With Market

Weak diversification

The correlation between James River Group and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding James River Group 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 James River Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with James Stock

0.74	AGO	Assured Guaranty	Pair Corr
0.68	MBI	MBIA Inc	Pair Corr
0.77	AMBC	Ambac Financial Group	Pair Corr
0.65	AX	Axos Financial	Pair Corr
0.81	BN	Brookfield Corp	Pair Corr
0.75	BX	Blackstone Group	Pair Corr
0.68	BY	Byline Bancorp	Pair Corr
0.82	CG	Carlyle Group	Pair Corr
0.8	CM	Canadian Imperial Bank	Pair Corr

Moving against James Stock

0.71	TIPT	Tiptree	Pair Corr
0.63	FNF	Fidelity National	Pair Corr
0.52	RYAN	Ryan Specialty Group	Pair Corr
0.36	AXS	AXIS Capital Holdings	Pair Corr
0.75	HG	Hamilton Insurance Group,	Pair Corr
0.72	CB	Chubb	Pair Corr
0.67	DB	Deutsche Bank AG	Pair Corr
0.59	LU	Lufax Holding	Pair Corr
0.59	TW	Tradeweb Markets	Pair Corr
0.55	LX	Lexinfintech Holdings	Pair Corr
0.32	GL	Globe Life	Pair Corr

Related Correlations Analysis

	EIG	ITIC	AMSF	ESNT	ICCH	AMBC	AGO	MTG	RDN
EIG		0.79	0.88	-0.2	-0.13	0.14	-0.05	0.01	0.14	EIG
ITIC	0.79		0.82	-0.44	-0.03	0.12	-0.26	-0.18	-0.03	ITIC
AMSF	0.88	0.82		-0.29	0.02	0.06	-0.23	-0.15	0.03	AMSF
ESNT	-0.2	-0.44	-0.29		-0.05	0.0	0.71	0.83	0.79	ESNT
ICCH	-0.13	-0.03	0.02	-0.05		0.36	0.26	0.05	0.06	ICCH
AMBC	0.14	0.12	0.06	0.0	0.36		0.58	0.4	0.31	AMBC
AGO	-0.05	-0.26	-0.23	0.71	0.26	0.58		0.87	0.78	AGO
MTG	0.01	-0.18	-0.15	0.83	0.05	0.4	0.87		0.94	MTG
RDN	0.14	-0.03	0.03	0.79	0.06	0.31	0.78	0.94		RDN
	EIG	ITIC	AMSF	ESNT	ICCH	AMBC	AGO	MTG	RDN

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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

RDN	+ 0.94	MTG
AMSF	+ 0.88	EIG
MTG	+ 0.87	AGO
MTG	+ 0.83	ESNT
AMSF	+ 0.82	ITIC
ITIC	+ 0.79	EIG

High negative correlations

ESNT	- 0.44	ITIC
ESNT	- 0.29	AMSF
AGO	- 0.26	ITIC
AGO	- 0.23	AMSF
ESNT	- 0.2	EIG
MTG	- 0.18	ITIC

Risk-Adjusted Indicators

There is a big difference between James Stock performing well and James River 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 James River'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
EIG	0.95	(0.07)	0.00	(0.21)	0.00	0.00	1.97	(2.27)	5.62
ITIC	1.52	(0.12)	0.00	(0.18)	0.00	0.00	1.90	(2.72)	7.79
AMSF	0.87	(0.03)	0.00	(0.15)	0.00	0.00	1.94	(1.72)	5.38
ESNT	0.96	0.06	0.06	0.03	1.41	(0.88)	1.87	(2.56)	5.90
ICCH	0.42	0.02	0.12	0.20	0.55	(0.58)	1.18	(0.64)	4.57
AMBC	1.84	(0.55)	0.00	(0.65)	0.00	0.00	2.15	(6.63)	13.61
AGO	1.13	(0.03)	0.00	(0.11)	0.00	0.00	2.10	(3.07)	7.84
MTG	1.04	0.01	0.00	(0.06)	0.00	0.00	1.80	(2.44)	7.24
RDN	1.01	(0.01)	0.00	(0.08)	0.00	0.00	1.91	(2.82)	6.29

James River Corporate Management

Sarah Doran	Chief Officer	Profile
Jeanette Miller	Chief Officer	Profile
Frank DOrazio	CEO Director	Profile
Angela Burnett	Group Officer	Profile
Thomas Peach	Group Officer	Profile
Michael Hoffmann	Group Officer	Profile
James Gunson	Chief Officer	Profile

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