American Financial Correlations

AFGE Stock

USD 19.91 0.02 0.10%

The current 90-days correlation between American Financial and American Financial Group is 0.28 (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

Modest diversification

The correlation between American Financial Group and DJI is 0.24 (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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Financial 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 price.

Moving against American Stock

0.37	FLYW	Flywire Corp	Pair Corr
0.4	MACI	Melar Acquisition Corp	Pair Corr
0.37	TRINL	TRINL	Pair Corr
0.36	MOGO	Mogo Inc	Pair Corr
0.35	PRTH	Priority Technology Upward Rally	Pair Corr
0.33	RWAYL	MSCI ACWI exAUCONSUMER	Pair Corr

Related Correlations Analysis

	AFGB	AFGC	AFGD	RZB	MGR
AFGB		0.57	0.44	0.62	0.5	AFGB
AFGC	0.57		0.51	0.64	0.85	AFGC
AFGD	0.44	0.51		0.55	0.57	AFGD
RZB	0.62	0.64	0.55		0.69	RZB
MGR	0.5	0.85	0.57	0.69		MGR
	AFGB	AFGC	AFGD	RZB	MGR

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Risk-Adjusted Indicators

There is a big difference between American 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
AFGB	0.43	(0.01)	(0.21)	(0.07)	0.54	(0.46)	0.89	(0.88)	2.20
AFGC	0.60	0.00	(0.10)	0.11	0.90	(0.56)	1.22	(1.35)	4.62
AFGD	0.60	0.02	(0.11)	2.99	0.79	(0.62)	1.30	(1.40)	3.72
RZB	0.19	(0.01)	(0.41)	0.00	0.24	(0.20)	0.40	(0.36)	1.23
MGR	0.45	0.01	(0.14)	0.21	0.59	(0.45)	0.98	(1.13)	2.85

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American Financial Correlations

American Financial Correlation With Market

Modest diversification

Moving against American Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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