American Financial Correlations

Preferred Stocks . USA . 
Preferred Stock . American Financial Group
AFGC Preferred Stock  USD 22.16  0.21  0.94%   
The current 90-days correlation between American Financial and American Financial Group is 0.49 (i.e., Very weak 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

Modest diversification

The correlation between American Financial Group and DJI is 0.23 (i.e., Modest 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

  0.73MET-PF MetLife Preferred StockPairCorr
  0.61PRH Prudential Financial 5950PairCorr
  0.76LNC-PD Lincoln NationalPairCorr
  0.68JXN-PA Jackson FinancialPairCorr
  0.62TKOMY Tokio Marine HoldingsPairCorr
  0.81ACGLN Arch Capital GroupPairCorr
  0.75GL-PD Globe Life 425PairCorr
  0.71BHFAP Brighthouse FinancialPairCorr
  0.83BHFAN Brighthouse FinancialPairCorr
  0.79BHFAM Brighthouse FinancialPairCorr
  0.9SIGIP Selective InsurancePairCorr
  0.85ATH-PD Athene HoldingPairCorr
  0.62ATH-PA Athene HoldingPairCorr
  0.75ATH-PB Athene HoldingPairCorr
  0.72AHL-PE Aspen Insurance HoldingsPairCorr

Moving against American Preferred Stock

  0.64TILCF Till CapitalPairCorr
  0.32FACO First Acceptance CorpPairCorr
  0.34KCLI Kansas City LifePairCorr
  0.57AXAHY Axa SA ADRPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
CMSD
+ 0.62
AEFC
AEFC
+ 0.47
AFGB
AFGD
+ 0.44
AFGB
AFGE
+ 0.41
AFGB
AFGE
+ 0.31
AEFC
CMSD
+ 0.21
AFGB
  
High negative correlations   
AEFC
- 0.17
AFGD
CMSD
- 0.1
AFGD
CMSD
- 0.0
AFGE

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.

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 Correlation Analysis Now

   

Correlation Analysis

Reduce portfolio risk simply by holding instruments which are not perfectly correlated
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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY