Affiliated Managers Correlations

MGR Stock

USD 21.96 0.03 0.14%

The current 90-days correlation between Affiliated Managers and DBA Sempra 5750 is 0.63 (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 0.3 (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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Affiliated Managers 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 price.

Moving together with Affiliated Stock

0.64	AIZN	Assurant	Pair Corr
0.79	BN	Brookfield Corp Sell-off Trend	Pair Corr
0.7	CG	Carlyle Group Normal Trading	Pair Corr
0.73	PX	P10 Inc	Pair Corr
0.67	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.63	GCMGW	GCM Grosvenor	Pair Corr
0.78	PNI	Pinnacle Investment	Pair Corr

Moving against Affiliated Stock

0.56	EVTC	Evertec	Pair Corr
0.62	JLEN	JLEN Environmental Assets	Pair Corr
0.33	UNMA	Unum Group	Pair Corr
0.36	CSOC-A	Canso Select Opportu	Pair Corr

Related Correlations Analysis

	SREA	CMSD	AFGB	NRUC	MHNC
SREA		0.49	0.71	-0.07	-0.16	SREA
CMSD	0.49		0.6	0.67	-0.08	CMSD
AFGB	0.71	0.6		0.16	-0.18	AFGB
NRUC	-0.07	0.67	0.16		0.17	NRUC
MHNC	-0.16	-0.08	-0.18	0.17		MHNC
	SREA	CMSD	AFGB	NRUC	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

AFGB	+ 0.71	SREA
NRUC	+ 0.67	CMSD
AFGB	+ 0.6	CMSD
CMSD	+ 0.49	SREA
MHNC	+ 0.17	NRUC
NRUC	+ 0.16	AFGB

High negative correlations

MHNC	- 0.18	AFGB
MHNC	- 0.16	SREA
MHNC	- 0.08	CMSD
NRUC	- 0.07	SREA

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
SREA	0.62	(0.09)	0.00	(0.31)	0.00	0.00	1.62	(1.47)	5.15
CMSD	0.52	(0.05)	0.00	(0.14)	0.00	0.00	1.44	(0.83)	3.33
AFGB	0.58	(0.07)	0.00	(0.22)	0.00	0.00	1.42	(1.32)	3.75
NRUC	0.51	0.03	0.04	0.10	0.50	(0.59)	0.81	(0.81)	4.08
MHNC	0.85	0.12	0.12	(0.34)	0.71	(1.16)	2.89	(1.55)	6.09

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