Ambac Financial Correlations

AMBC Stock

USD 12.31 0.07 0.57%

The current 90-days correlation between Ambac Financial Group and Employers Holdings is 0.35 (i.e., Weak diversification). The correlation of Ambac 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.

Ambac Financial Correlation With Market

Weak diversification

The correlation between Ambac Financial Group and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ambac 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 Ambac 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 bureau of labor statistics.

Moving together with Ambac Stock

0.78	AGO	Assured Guaranty	Pair Corr
0.77	AXS	AXIS Capital Holdings	Pair Corr
0.69	EIG	Employers Holdings	Pair Corr
0.78	MBI	MBIA Inc	Pair Corr
0.66	HIPO	Hippo Holdings Upward Rally	Pair Corr
0.78	ITIC	Investors Title	Pair Corr
0.65	AMSF	AMERISAFE	Pair Corr
0.75	TIPT	Tiptree	Pair Corr
0.71	C	Citigroup Aggressive Push	Pair Corr
0.76	L	Loews Corp	Pair Corr
0.71	DHIL	Diamond Hill Investment	Pair Corr
0.69	DIST	Distoken Acquisition	Pair Corr
0.62	AB	AllianceBernstein	Pair Corr
0.71	AX	Axos Financial	Pair Corr
0.64	BN	Brookfield Corp	Pair Corr
0.65	BX	Blackstone Group Normal Trading	Pair Corr
0.68	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Ambac Stock

0.48	JRVR	James River Group	Pair Corr
0.41	ESNT	Essent Group	Pair Corr
0.38	PPHI	Positive Physicians	Pair Corr
0.37	NMIH	NMI Holdings	Pair Corr
0.45	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	EIG	JRVR	AGO	ICCH	RDN	MTG	AMSF	ESNT	ITIC
EIG		-0.65	0.88	0.48	-0.22	-0.09	0.87	-0.71	0.92	EIG
JRVR	-0.65		-0.66	-0.39	0.44	0.19	-0.6	0.6	-0.79	JRVR
AGO	0.88	-0.66		0.57	-0.28	0.08	0.86	-0.63	0.9	AGO
ICCH	0.48	-0.39	0.57		-0.45	-0.06	0.63	-0.48	0.45	ICCH
RDN	-0.22	0.44	-0.28	-0.45		0.63	-0.42	0.7	-0.27	RDN
MTG	-0.09	0.19	0.08	-0.06	0.63		-0.29	0.69	-0.1	MTG
AMSF	0.87	-0.6	0.86	0.63	-0.42	-0.29		-0.85	0.87	AMSF
ESNT	-0.71	0.6	-0.63	-0.48	0.7	0.69	-0.85		-0.71	ESNT
ITIC	0.92	-0.79	0.9	0.45	-0.27	-0.1	0.87	-0.71		ITIC
	EIG	JRVR	AGO	ICCH	RDN	MTG	AMSF	ESNT	ITIC

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

ITIC	+ 0.92	EIG
ITIC	+ 0.9	AGO
AGO	+ 0.88	EIG
AMSF	+ 0.87	EIG
ITIC	+ 0.87	AMSF
AMSF	+ 0.86	AGO

High negative correlations

ESNT	- 0.85	AMSF
ITIC	- 0.79	JRVR
ITIC	- 0.71	ESNT
ESNT	- 0.71	EIG
AGO	- 0.66	JRVR
JRVR	- 0.65	EIG

Risk-Adjusted Indicators

There is a big difference between Ambac Stock performing well and Ambac 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 Ambac 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
EIG	1.03	0.08	0.09	0.17	1.02	(1.18)	2.46	(1.95)	11.24
JRVR	2.37	(0.94)	0.00	(0.25)	0.00	0.00	3.47	(5.22)	31.93
AGO	1.25	0.15	0.12	0.23	1.13	(1.44)	2.89	(2.50)	9.67
ICCH	0.27	0.03	(0.15)	(0.25)	0.34	(0.35)	0.83	(0.56)	3.36
RDN	1.26	(0.13)	0.00	(0.03)	0.00	0.00	2.36	(2.24)	11.88
MTG	1.05	(0.04)	(0.02)	0.06	1.70	(0.96)	2.01	(2.36)	8.56
AMSF	1.09	0.18	0.15	0.28	0.87	(1.32)	2.32	(2.12)	12.74
ESNT	1.10	(0.22)	0.00	(0.15)	0.00	0.00	1.88	(2.14)	13.14
ITIC	1.50	0.22	0.17	0.23	1.38	(1.74)	3.89	(2.34)	12.40

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC