American Financial Correlations

AFGC Preferred Stock

USD 19.29 0.03 0.16%

The current 90-days correlation between American Financial and Kite Realty Group is 0.2 (i.e., Modest diversification). The correlation of American Financial 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.

American Financial Correlation With Market

Very weak diversification

The correlation between American Financial Group and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Financial Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to American Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Financial 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 American Financial - 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 American Financial Group to buy it.

Moving together with American Preferred Stock

0.7	KSKGF	Kingsgate Consolidated	Pair Corr
0.7	SCCF	Sachem Capital Corp	Pair Corr
0.66	SIDU	Sidus Space	Pair Corr
0.69	IMPUF	Impala Platinum Holdings Earnings Call This Week	Pair Corr

Moving against American Preferred Stock

0.42	TKURF	Tokyu REIT	Pair Corr
0.36	CSGP	CoStar Group	Pair Corr
0.59	ATMV	AlphaVest Acquisition Symbol Change	Pair Corr
0.46	ULTXF	Ultra Resources	Pair Corr
0.44	NIXXW	Nixxy Inc	Pair Corr
0.59	MHUA	Meihua International	Pair Corr
0.42	ZTCOF	ZTE Corp H Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	OPEN	HHH	REXR	RITM	DRH	GNL	CWK	KRC	KRG
OPEN		0.57	0.72	0.4	-0.77	-0.79	0.6	0.93	-0.76	OPEN
HHH	0.57		0.58	0.32	-0.49	-0.44	0.33	0.64	-0.62	HHH
REXR	0.72	0.58		0.47	-0.66	-0.57	0.68	0.77	-0.77	REXR
RITM	0.4	0.32	0.47		-0.25	0.01	0.68	0.29	-0.45	RITM
DRH	-0.77	-0.49	-0.66	-0.25		0.87	-0.53	-0.85	0.89	DRH
GNL	-0.79	-0.44	-0.57	0.01	0.87		-0.35	-0.87	0.75	GNL
CWK	0.6	0.33	0.68	0.68	-0.53	-0.35		0.61	-0.56	CWK
KRC	0.93	0.64	0.77	0.29	-0.85	-0.87	0.61		-0.81	KRC
KRG	-0.76	-0.62	-0.77	-0.45	0.89	0.75	-0.56	-0.81		KRG
	OPEN	HHH	REXR	RITM	DRH	GNL	CWK	KRC	KRG

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

KRC	+ 0.93	OPEN
KRG	+ 0.89	DRH
GNL	+ 0.87	DRH
KRC	+ 0.77	REXR
KRG	+ 0.75	GNL
REXR	+ 0.72	OPEN

High negative correlations

KRC	- 0.87	GNL
KRC	- 0.85	DRH
KRG	- 0.81	KRC
GNL	- 0.79	OPEN
KRG	- 0.77	REXR
DRH	- 0.77	OPEN

Risk-Adjusted Indicators

There is a big difference between American Preferred Stock performing well and American Financial 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 American Financial'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
OPEN	4.19	(0.61)	0.00	(0.11)	0.00	0.00	9.58	(7.92)	25.61
HHH	1.36	(0.28)	0.00	(0.20)	0.00	0.00	2.69	(2.47)	13.69
REXR	1.15	(0.17)	0.00	(0.12)	0.00	0.00	2.08	(1.96)	9.72
RITM	1.09	(0.14)	0.00	(0.06)	0.00	0.00	2.15	(1.75)	11.83
DRH	1.21	0.12	0.09	0.22	1.22	(1.37)	3.33	(2.27)	7.13
GNL	0.95	0.35	0.29	2.73	0.49	(1.26)	2.49	(1.36)	5.64
CWK	2.40	(0.33)	0.00	(0.03)	0.00	0.00	5.62	(4.34)	22.43
KRC	1.23	(0.49)	0.00	(0.39)	0.00	0.00	2.01	(3.10)	9.32
KRG	0.90	0.25	0.15	23.77	0.73	(1.05)	2.45	(1.55)	5.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in American Financial 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?

Run Risk-Return Analysis Now

Risk-Return Analysis

View associations between returns expected from investment and the risk you assume

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC