Arch Capital Correlations
| ACGLO Preferred Stock | USD 22.77 0.21 0.93% |
The current 90-days correlation between Arch Capital Group and The Hartford Financial is 0.6 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Arch Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arch Capital Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Arch Capital Correlation With Market
Very good diversification
The correlation between Arch Capital Group and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arch Capital Group and DJI in the same portfolio, assuming nothing else is changed.
Arch |
The ability to find closely correlated positions to Arch Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arch Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Arch Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Arch Capital Group to buy it.
Moving together with Arch Preferred Stock
| 0.71 | ACGLN | Arch Capital Group | PairCorr |
| 0.69 | ATH-PB | Athene Holding | PairCorr |
| 0.71 | EQH-PC | Equitable Holdings | PairCorr |
| 0.81 | EQH-PA | Equitable Holdings | PairCorr |
Moving against Arch Preferred Stock
| 0.64 | FIHL | Fidelis Insurance Normal Trading | PairCorr |
| 0.58 | ORI | Old Republic Interna Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.52 | IGIC | International General Normal Trading | PairCorr |
| 0.5 | FGF | Fundamental Global | PairCorr |
| 0.49 | FGFPP | Fundamental Global | PairCorr |
| 0.45 | GSHD | Goosehead Insurance | PairCorr |
| 0.36 | SLF | Sun Life Financial | PairCorr |
| 0.34 | EQH | Axa Equitable Holdings | PairCorr |
| 0.32 | ESGR | Enstar Group Limited | PairCorr |
| 0.69 | L | Loews Corp | PairCorr |
| 0.6 | AX | Axos Financial | PairCorr |
| 0.59 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.56 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.54 | DHIL | Diamond Hill Investment | PairCorr |
| 0.53 | LC | LendingClub Corp | PairCorr |
| 0.51 | C | Citigroup Aggressive Push | PairCorr |
| 0.38 | FG | FG Annuities Life | PairCorr |
| 0.33 | BX | Blackstone Group Normal Trading | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Arch Preferred Stock performing well and Arch Capital 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 Arch Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATH-PB | 0.74 | (0.03) | 0.00 | 0.36 | 0.00 | 1.25 | 5.23 | |||
| HIG-PG | 0.30 | 0.01 | (0.25) | (0.06) | 0.33 | 0.68 | 2.15 | |||
| ACGLN | 0.56 | 0.01 | 0.00 | 0.07 | 0.00 | 1.05 | 3.85 | |||
| ATH-PA | 0.48 | 0.03 | (0.13) | (0.14) | 0.60 | 0.97 | 2.96 | |||
| ARZGY | 0.83 | 0.09 | (0.02) | (0.94) | 0.88 | 1.65 | 6.48 | |||
| AXAHF | 1.11 | (0.11) | 0.00 | (1.82) | 0.00 | 2.66 | 8.35 | |||
| ATH-PC | 0.22 | 0.03 | (0.32) | (0.36) | 0.14 | 0.48 | 2.11 | |||
| ARZGF | 0.23 | 0.09 | 0.00 | 0.67 | 0.00 | 0.00 | 7.21 | |||
| AGESY | 0.81 | 0.01 | (0.06) | 0.14 | 1.04 | 1.70 | 5.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Arch Capital without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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