Affiliated Managers Correlations

MGRB Stock

USD 19.75 0.64 3.35%

The current 90-days correlation between Affiliated Managers and Affiliated Managers Group is 0.6 (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.

Affiliated Managers Correlation With Market

Average diversification

The correlation between Affiliated Managers Group, and DJI is 0.19 (i.e., Average 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 metropolitan statistical area.

Moving together with Affiliated Stock

0.81	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.84	ADC-PA	Agree Realty	Pair Corr
0.8	VNO-PL	Vornado Realty Trust	Pair Corr
0.67	VNO-PO	Vornado Realty Trust	Pair Corr
0.75	PSEC-PA	Prospect Capital	Pair Corr

Moving against Affiliated Stock

0.86	YHNAU	YHN Acquisition I	Pair Corr
0.5	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.5	WT	WisdomTree	Pair Corr
0.42	DHIL	Diamond Hill Investment	Pair Corr
0.41	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.39	LB	LandBridge Company	Pair Corr
0.35	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.34	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.33	PX	P10 Inc	Pair Corr
0.81	DTSQ	DT Cloud Star	Pair Corr
0.64	DUET	DUET Acquisition Corp	Pair Corr
0.49	VINP	Vinci Partners Inves	Pair Corr
0.47	DPCS	DP Cap Acquisition	Pair Corr
0.46	VRTS	Virtus Investment	Pair Corr
0.45	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.33	VCTR	Victory Capital Holdings	Pair Corr

Related Correlations Analysis

	MGR	SOJE	DTB	UZE	PFH
MGR		0.69	0.71	0.31	0.6	MGR
SOJE	0.69		0.97	-0.31	0.94	SOJE
DTB	0.71	0.97		-0.25	0.94	DTB
UZE	0.31	-0.31	-0.25		-0.33	UZE
PFH	0.6	0.94	0.94	-0.33		PFH
	MGR	SOJE	DTB	UZE	PFH

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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

DTB	+ 0.97	SOJE
PFH	+ 0.94	SOJE
PFH	+ 0.94	DTB
DTB	+ 0.71	MGR
SOJE	+ 0.69	MGR
PFH	+ 0.6	MGR

High negative correlations

PFH	- 0.33	UZE
UZE	- 0.31	SOJE
UZE	- 0.25	DTB

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
MGR	0.45	(0.01)	(0.18)	0.07	0.60	(0.46)	0.98	(1.13)	2.85
SOJE	0.57	(0.10)	0.00	(0.67)	0.00	0.00	1.23	(1.69)	3.45
DTB	0.61	(0.08)	0.00	(0.21)	0.00	0.00	1.07	(1.24)	4.70
UZE	0.44	0.14	0.04	1.95	0.00	(0.53)	1.38	(0.67)	2.95
PFH	0.61	(0.04)	0.00	(0.44)	0.00	0.00	1.31	(1.50)	3.29

Affiliated Managers Corporate Management

Dwight Churchill	Independent Director	Profile
Karen Yerburgh	Independent Director	Profile
David Billings	General Counsel, Secretary	Profile
Tracy Palandjian	Independent Director	Profile
David Ryan	Additional Independent Director	Profile
Tracy Atkinson	Independent Director	Profile

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