Affiliated Managers Correlations
MGR Stock | USD 22.78 0.10 0.44% |
The current 90-days correlation between Affiliated Managers and DBA Sempra 5750 is 0.64 (i.e., Poor diversification). The correlation of Affiliated Managers 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.
Affiliated Managers Correlation With Market
Weak diversification
The correlation between Affiliated Managers Group and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affiliated Managers Group and DJI in the same portfolio, assuming nothing else is changed.
Affiliated |
Moving together with Affiliated Stock
0.64 | RZB | Reinsurance Group | PairCorr |
0.64 | OSCR | Oscar Health | PairCorr |
0.73 | RILYT | B Riley Financial | PairCorr |
0.62 | GAINZ | Gladstone Investment | PairCorr |
0.62 | TOST | Toast Inc | PairCorr |
Moving against Affiliated Stock
0.57 | RCB | Ready Capital | PairCorr |
0.46 | PRE | Prenetics Global | PairCorr |
0.37 | JKHY | Jack Henry Associates Tech Boost | PairCorr |
0.34 | STSSW | Sharps Technology Warrant | PairCorr |
0.32 | FAAS | DigiAsia Corp Symbol Change | PairCorr |
0.42 | BKKT | Bakkt Holdings | PairCorr |
0.41 | WINVR | WinVest Acquisition Corp | PairCorr |
0.31 | AGMH | AGM Group Holdings | PairCorr |
Related Correlations Analysis
0.77 | 0.43 | 0.58 | -0.1 | SREA | ||
0.77 | 0.54 | 0.85 | -0.09 | CMSD | ||
0.43 | 0.54 | 0.62 | -0.32 | AFGB | ||
0.58 | 0.85 | 0.62 | 0.02 | NRUC | ||
-0.1 | -0.09 | -0.32 | 0.02 | MHNC | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Affiliated Stock performing well and Affiliated Managers 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 Affiliated Managers' 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 | ||
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SREA | 0.63 | (0.09) | 0.00 | (0.30) | 0.00 | 1.64 | 5.15 | |||
CMSD | 0.49 | (0.03) | 0.00 | (0.09) | 0.00 | 1.44 | 3.33 | |||
AFGB | 0.68 | 0.00 | 0.00 | 0.00 | 0.00 | 1.62 | 3.78 | |||
NRUC | 0.60 | (0.01) | (0.02) | (0.02) | 0.61 | 1.08 | 4.16 | |||
MHNC | 0.95 | 0.00 | 0.00 | 0.00 | 0.98 | 3.51 | 6.09 |