Aspen Insurance Correlations
| AHL-PCDelisted Preferred Stock | USD 25.01 0.00 0.00% |
The current 90-days correlation between Aspen Insurance Holdings and Aspen Insurance Holdings is 0.14 (i.e., Average diversification). The correlation of Aspen Insurance 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.
Aspen Insurance Correlation With Market
Modest diversification
The correlation between Aspen Insurance Holdings and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aspen Insurance Holdings and DJI in the same portfolio, assuming nothing else is changed.
Aspen |
The ability to find closely correlated positions to Aspen Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aspen Insurance 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 Aspen Insurance - 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 Aspen Insurance Holdings to buy it.
Moving together with Aspen Preferred Stock
| 0.82 | RNR | Renaissancere Holdings | PairCorr |
| 0.77 | MHLD | Maiden Holdings | PairCorr |
| 0.75 | AHL-PD | Aspen Insurance Holdings | PairCorr |
| 0.85 | AHL-PE | Aspen Insurance Holdings | PairCorr |
| 0.9 | RNR-PG | RenaissanceRe Holdings | PairCorr |
| 0.9 | RNR-PF | RenaissanceRe Holdings | PairCorr |
| 0.72 | DHIL | Diamond Hill Investment | PairCorr |
| 0.69 | CB | Chubb Sell-off Trend | PairCorr |
| 0.68 | IX | Orix Corp Ads Earnings Call This Week | PairCorr |
| 0.69 | KB | KB Financial Group Earnings Call This Week | PairCorr |
Moving against Aspen Preferred Stock
| 0.8 | OXBRW | Oxbridge Re Holdings | PairCorr |
| 0.75 | OXBR | Oxbridge Re Holdings | PairCorr |
| 0.52 | SPNT-PB | SiriusPoint | PairCorr |
| 0.52 | C | Citigroup Earnings Call This Week | PairCorr |
| 0.51 | V | Visa Class A | PairCorr |
| 0.41 | HG | Hamilton Insurance Group, | PairCorr |
| 0.7 | LX | Lexinfintech Holdings Trending | PairCorr |
| 0.55 | GL | Globe Life Earnings Call This Week | PairCorr |
| 0.44 | DB | Deutsche Bank AG | PairCorr |
| 0.44 | LC | LendingClub Corp | PairCorr |
| 0.33 | AB | AllianceBernstein Earnings Call This Week | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Aspen Preferred Stock performing well and Aspen Insurance 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 Aspen Insurance'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALL-PI | 0.84 | (0.12) | 0.00 | (0.17) | 0.00 | 1.59 | 6.07 | |||
| AHL-PE | 1.07 | (0.10) | 0.00 | (0.12) | 0.00 | 2.77 | 5.67 | |||
| AFSIB | 1.01 | (0.05) | 0.00 | 0.88 | 0.00 | 2.87 | 7.59 | |||
| ARGO-PA | 0.17 | 0.04 | (0.24) | 1.24 | 0.00 | 0.40 | 1.22 | |||
| AFSIA | 1.00 | 0.03 | (0.03) | (0.19) | 1.44 | 2.77 | 9.50 | |||
| AFSIP | 1.34 | 0.00 | (0.02) | 0.10 | 1.86 | 3.20 | 11.76 | |||
| AFSIM | 1.78 | (0.01) | (0.03) | (0.06) | 2.54 | 3.93 | 13.27 | |||
| AFSIN | 0.91 | (0.04) | 0.00 | 0.47 | 0.00 | 1.74 | 16.03 |
Aspen Insurance Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Aspen Insurance preferred stock to make a market-neutral strategy. Peer analysis of Aspen Insurance could also be used in its relative valuation, which is a method of valuing Aspen Insurance by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Aspen Insurance Corporate Management
| Heather Brown | Group Director | Profile | |
| Mohinder Kang | Group Officer | Profile | |
| Mark Cloutier | Ex CEO | Profile | |
| Aileen Mathieson | Group Officer | Profile | |
| Cecile Locurto | VP Communications | Profile | |
| Christopher Coleman | Group Officer | Profile | |
| Grahame Dawe | Chief Officer | Profile |
Still Interested in Aspen Insurance Holdings?
Investing in delisted delisted preferred stocks can be risky, as the preferred stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.