Assured Guaranty Correlations

AGO Stock

USD 92.11 0.87 0.95%

The current 90-days correlation between Assured Guaranty and NMI Holdings is 0.59 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Assured Guaranty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Assured Guaranty moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Assured Guaranty Correlation With Market

Very weak diversification

The correlation between Assured Guaranty and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assured Guaranty 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 Assured Guaranty. 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.

To learn how to invest in Assured Stock, please use our How to Invest in Assured Guaranty guide.

Moving together with Assured Stock

0.95	AXS	AXIS Capital Holdings	Pair Corr
0.87	EIG	Employers Holdings	Pair Corr
0.77	MBI	MBIA Inc	Pair Corr
0.75	HIPO	Hippo Holdings Upward Rally	Pair Corr
0.9	ITIC	Investors Title	Pair Corr
0.76	RYAN	Ryan Specialty Group	Pair Corr
0.76	AMBC	Ambac Financial Group	Pair Corr
0.86	AMSF	AMERISAFE	Pair Corr
0.88	TIPT	Tiptree	Pair Corr
0.73	TRUP	Trupanion	Pair Corr
0.88	C	Citigroup Aggressive Push	Pair Corr
0.69	L	Loews Corp	Pair Corr
0.83	V	Visa Class A	Pair Corr
0.71	DHIL	Diamond Hill Investment	Pair Corr
0.89	DIST	Distoken Acquisition	Pair Corr
0.8	AB	AllianceBernstein	Pair Corr
0.83	AC	Associated Capital	Pair Corr
0.76	AX	Axos Financial	Pair Corr
0.9	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.88	BN	Brookfield Corp	Pair Corr
0.91	BX	Blackstone Group Normal Trading	Pair Corr
0.73	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.88	CG	Carlyle Group	Pair Corr
0.75	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr

Moving against Assured Stock

0.64	JRVR	James River Group	Pair Corr
0.6	ESNT	Essent Group	Pair Corr
0.47	NMIH	NMI Holdings	Pair Corr
0.36	PPHI	Positive Physicians	Pair Corr
0.73	IX	Orix Corp Ads	Pair Corr
0.63	PT	Pintec Technology	Pair Corr

Related Correlations Analysis

	MBI	NMIH	EIG	JRVR	ICCH	RDN	AMBC	AMSF
MBI		-0.61	0.79	-0.74	0.31	-0.23	0.76	0.75	MBI
NMIH	-0.61		-0.51	0.41	-0.38	0.66	-0.34	-0.75	NMIH
EIG	0.79	-0.51		-0.63	0.49	-0.2	0.67	0.87	EIG
JRVR	-0.74	0.41	-0.63		-0.41	0.43	-0.44	-0.58	JRVR
ICCH	0.31	-0.38	0.49	-0.41		-0.41	0.24	0.63	ICCH
RDN	-0.23	0.66	-0.2	0.43	-0.41		0.06	-0.4	RDN
AMBC	0.76	-0.34	0.67	-0.44	0.24	0.06		0.63	AMBC
AMSF	0.75	-0.75	0.87	-0.58	0.63	-0.4	0.63		AMSF
	MBI	NMIH	EIG	JRVR	ICCH	RDN	AMBC	AMSF

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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

AMSF	+ 0.87	EIG
EIG	+ 0.79	MBI
AMBC	+ 0.76	MBI
AMSF	+ 0.75	MBI
AMBC	+ 0.67	EIG
RDN	+ 0.66	NMIH

High negative correlations

AMSF	- 0.75	NMIH
JRVR	- 0.74	MBI
JRVR	- 0.63	EIG
NMIH	- 0.61	MBI
AMSF	- 0.58	JRVR
EIG	- 0.51	NMIH

Risk-Adjusted Indicators

There is a big difference between Assured Stock performing well and Assured Guaranty 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 Assured Guaranty'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
MBI	2.86	0.70	0.25	0.40	2.44	(3.28)	7.12	(4.02)	21.33
NMIH	1.08	(0.08)	0.00	(0.01)	0.00	0.00	2.37	(2.55)	9.75
EIG	1.04	0.10	0.10	0.17	1.02	(1.19)	2.46	(1.95)	11.24
JRVR	2.37	(0.91)	0.00	(0.25)	0.00	0.00	3.47	(5.22)	31.93
ICCH	0.27	0.03	(0.13)	(0.22)	0.33	(0.36)	0.83	(0.56)	3.36
RDN	1.26	(0.12)	0.00	(0.03)	0.00	0.00	2.36	(2.24)	11.88
AMBC	1.35	0.06	0.03	0.15	1.90	(1.40)	3.27	(2.90)	16.30
AMSF	1.11	0.21	0.18	0.28	0.86	(1.35)	2.32	(2.12)	12.74

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