American Financial Correlations

Preferred Stocks . USA . 
Preferred Stock . American Financial Group
AFGD Preferred Stock  USD 21.02  0.07  0.33%   
The current 90-days correlation between American Financial and CNA Financial is 0.05 (i.e., Significant 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

Significant diversification

The correlation between American Financial Group and DJI is 0.07 (i.e., Significant 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

  0.71PFH Prudential Financial 4125PairCorr
  0.79PRS Prudential FinancialPairCorr
  0.83AFGE American FinancialPairCorr
  0.63AIZN AssurantPairCorr
  0.64UNMA Unum GroupPairCorr
  0.66BHFAL Brighthouse FinancialPairCorr
  0.62PIFMY Indofood Sukses MakmurPairCorr

Moving against American Preferred Stock

  0.86RZB Reinsurance GroupPairCorr
  0.74PTAIY Astra International TbkPairCorr
  0.74KEP Korea Electric PowerPairCorr
  0.72PTITF PT Indosat TbkPairCorr
  0.71TLKMF Telkom Indonesia TbkPairCorr
  0.69TLK Telkom Indonesia TbkPairCorr
  0.48EC Ecopetrol SA ADRPairCorr
  0.87MITP AG Mortgage InvestmentPairCorr
  0.86MS Morgan Stanley Earnings Call This WeekPairCorr
  0.82BTI British American TobaccoPairCorr
  0.81HLT Hilton Worldwide HoldingsPairCorr
  0.76001192AK9 AGL CAP PPairCorr
  0.76HMRZF H M HennesPairCorr
  0.74BTAFF British American TobaccoPairCorr
  0.71XOM Exxon Mobil CorpPairCorr
  0.63LRCX Lam Research Corp Buyout TrendPairCorr
  0.56PL Planet Labs PBCPairCorr
  0.53ASML ASML Holding NVPairCorr
  0.42CRT Cross Timbers RoyaltyPairCorr
  0.89JRVR James River GroupPairCorr
  0.87MOV Movado GroupPairCorr
  0.87NTB Bank of NTPairCorr
  0.86EB Eventbrite Class APairCorr
  0.84KGAUF Kongsberg Automotive ASAPairCorr
  0.83RDNW RideNow Group Symbol ChangePairCorr

Related Correlations Analysis


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

RGA
+ 0.88
GL
EVR
+ 0.84
RGA
EVR
+ 0.79
GL
RGA
+ 0.78
CNA
RGA
+ 0.77
RNR
SF
+ 0.74
EVR
  

High negative correlations

SF
- 0.66
KNSL
RNR
- 0.38
KNSL
OXLC
- 0.24
CNA
SF
- 0.2
OXLC
AEG
- 0.17
KNSL
EVR
- 0.12
KNSL

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CNA  0.80 (0.02)(0.08)(0.04) 1.06 
(0.83)
 1.49 
(1.80)
 4.68 
KNSL  1.57 (0.31) 0.00 (0.34) 0.00 
 0.00 
 3.18 
(3.90)
 9.27 
RNR  1.17  0.05 (0.03)(0.49) 1.45 
(1.30)
 2.58 
(2.28)
 10.07 
GL  0.84  0.02 (0.02) 0.11  0.95 
(0.91)
 2.07 
(1.54)
 5.75 
AEG  1.15 (0.08) 0.00 (0.06) 0.00 
 0.00 
 2.22 
(2.18)
 11.41 
UNM  1.00  0.02 (0.03) 0.14  1.00 
(1.33)
 2.40 
(1.83)
 9.20 
OXLC  1.32 (0.12) 0.00 (0.10) 0.00 
 0.00 
 2.51 
(2.71)
 9.20 
RGA  0.97  0.00 (0.04) 0.08  1.20 
(1.01)
 2.36 
(2.24)
 5.26 
EVR  1.61  0.06  0.05  0.12  2.43 
(1.62)
 3.24 
(3.66)
 13.96 
SF  1.16  0.13  0.09  0.18  1.37 
(1.14)
 2.43 
(2.84)
 7.58 

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.

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