Affiliated Managers Correlations

MGRE Stock

25.48 0.14 0.55%

The current 90-days correlation between Affiliated Managers and Diamond Hill Investment is 0.12 (i.e., Average 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

Significant diversification

The correlation between Affiliated Managers Group, and DJI is 0.05 (i.e., Significant 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

0.74	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.72	ADC-PA	Agree Realty	Pair Corr
0.8	VNO-PL	Vornado Realty Trust	Pair Corr
0.61	VNO-PM	Vornado Realty Trust	Pair Corr
0.74	VNO-PO	Vornado Realty Trust	Pair Corr

Moving against Affiliated Stock

0.71	YHNAU	YHN Acquisition I	Pair Corr
0.31	WT	WisdomTree	Pair Corr
0.6	DTSQ	DT Cloud Star	Pair Corr
0.43	DPCS	DP Cap Acquisition	Pair Corr
0.41	VINP	Vinci Partners Inves	Pair Corr
0.34	DUET	DUET Acquisition Corp	Pair Corr
0.33	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.31	ILLRW	Triller Group Symbol Change	Pair Corr

Related Correlations Analysis

	DHIL	AB	AC	BX	CG	DX	FR	GS	LB	PW
DHIL		0.43	0.47	0.76	0.59	0.54	-0.42	0.86	0.73	-0.21	DHIL
AB	0.43		0.9	0.79	0.89	0.33	-0.7	0.68	0.76	0.01	AB
AC	0.47	0.9		0.78	0.92	0.23	-0.68	0.69	0.79	0.05	AC
BX	0.76	0.79	0.78		0.9	0.52	-0.73	0.91	0.94	-0.14	BX
CG	0.59	0.89	0.92	0.9		0.3	-0.78	0.83	0.91	0.07	CG
DX	0.54	0.33	0.23	0.52	0.3		0.04	0.42	0.35	-0.4	DX
FR	-0.42	-0.7	-0.68	-0.73	-0.78	0.04		-0.7	-0.78	-0.06	FR
GS	0.86	0.68	0.69	0.91	0.83	0.42	-0.7		0.95	-0.04	GS
LB	0.73	0.76	0.79	0.94	0.91	0.35	-0.78	0.95		0.01	LB
PW	-0.21	0.01	0.05	-0.14	0.07	-0.4	-0.06	-0.04	0.01		PW
	DHIL	AB	AC	BX	CG	DX	FR	GS	LB	PW

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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

LB	+ 0.95	GS
LB	+ 0.94	BX
CG	+ 0.92	AC
GS	+ 0.91	BX
LB	+ 0.91	CG
AC	+ 0.9	AB

High negative correlations

LB	- 0.78	FR
FR	- 0.78	CG
FR	- 0.73	BX
GS	- 0.7	FR
FR	- 0.7	AB
FR	- 0.68	AC

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
DHIL	1.23	(0.12)	(0.05)	0.05	1.19	(1.58)	2.22	(2.05)	9.06
AB	1.05	0.02	(0.01)	0.16	1.08	(1.20)	2.46	(2.22)	7.82
AC	1.19	0.13	0.05	0.29	1.65	(1.26)	3.02	(2.64)	12.11
BX	1.31	0.30	0.25	0.34	0.94	(1.52)	3.21	(2.21)	9.25
CG	1.58	0.19	0.19	0.22	1.36	(1.87)	4.10	(2.22)	13.11
DX	0.75	(0.01)	(0.08)	0.11	1.04	(0.72)	1.38	(1.47)	4.37
FR	0.84	(0.12)	0.00	(0.14)	0.00	0.00	1.48	(1.78)	3.74
GS	1.29	0.00	0.11	0.13	1.30	(1.39)	2.50	(2.27)	15.41
LB	3.31	1.01	0.26	0.96	3.25	(3.88)	9.96	(6.18)	23.83
PW	6.62	0.89	0.05	(0.17)	7.00	(9.26)	11.11	(10.85)	119.44

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