AmTrust Financial Correlations
| AFSIN Stock | USD 13.40 0.60 4.29% |
The current 90-days correlation between AmTrust Financial and AmTrust Financial Services is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AmTrust Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AmTrust Financial Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
AmTrust Financial Correlation With Market
Significant diversification
The correlation between AmTrust Financial Services 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 AmTrust Financial Services and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to AmTrust 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 AmTrust 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 AmTrust 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 AmTrust Financial Services to buy it.
Moving together with AmTrust Pink Sheet
| 0.62 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.62 | SMFNF | Sumitomo Mitsui Financial Normal Trading | PairCorr |
| 0.68 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.63 | DIS | Walt Disney | PairCorr |
| 0.67 | T | ATT Inc Aggressive Push | PairCorr |
| 0.61 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.64 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.62 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.65 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against AmTrust Pink Sheet
| 0.57 | SHG | Shinhan Financial | PairCorr |
| 0.34 | AMIX | Autonomix Medical, Common | PairCorr |
| 0.66 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.62 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.51 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.31 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| 0.61 | 0.46 | 0.74 | 0.69 | AFSIP | ||
| 0.61 | 0.39 | 0.61 | 0.49 | AFSIM | ||
| 0.46 | 0.39 | 0.45 | 0.53 | AFSIB | ||
| 0.74 | 0.61 | 0.45 | 0.73 | AFSIC | ||
| 0.69 | 0.49 | 0.53 | 0.73 | AFSIA | ||
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Risk-Adjusted Indicators
There is a big difference between AmTrust Pink Sheet performing well and AmTrust 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 AmTrust 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AFSIP | 1.02 | 0.11 | 0.01 | 5.74 | 1.33 | 2.92 | 7.09 | |||
| AFSIM | 0.79 | 0.08 | 0.00 | 0.41 | 0.96 | 2.50 | 8.06 | |||
| AFSIB | 1.05 | 0.10 | (0.01) | (0.86) | 1.37 | 3.34 | 9.55 | |||
| AFSIC | 1.08 | 0.11 | 0.01 | 0.60 | 1.31 | 3.32 | 9.08 | |||
| AFSIA | 0.69 | 0.15 | 0.01 | (0.39) | 0.77 | 1.89 | 6.74 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AmTrust 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?
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