Affiliated Managers Correlations

AMG Stock

USD 323.01 6.78 2.06%

The current 90-days correlation between Affiliated Managers and Janus Henderson Group is 0.46 (i.e., Very weak diversification). The correlation of Affiliated Managers 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.

Affiliated Managers Correlation With Market

Very poor diversification

The correlation between Affiliated Managers Group and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affiliated Managers Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Affiliated Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Affiliated Managers 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 state.

Moving together with Affiliated Stock

0.79	DHIL	Diamond Hill Investment	Pair Corr
0.75	SPT6	Beta Systems Software	Pair Corr
0.89	HHI	Henderson High Income	Pair Corr
0.84	BK	Bank of New York	Pair Corr
0.61	BN	Brookfield Corp Sell-off Trend	Pair Corr
0.68	CG	Carlyle Group	Pair Corr
0.71	FT	Franklin Universal Closed	Pair Corr
0.63	RA	Brookfield Real Assets	Pair Corr
0.88	WT	WisdomTree	Pair Corr
0.78	JLEN	JLEN Environmental Assets	Pair Corr
0.93	MNG	MG Plc	Pair Corr
0.89	MIGO	Migo Opportunities Trust	Pair Corr
0.81	VCTR	Victory Capital Holdings	Pair Corr
0.66	SDV	Chelverton UK Dividend	Pair Corr
0.89	MNTN	Schiehallion Fund	Pair Corr
0.76	DBAN	Deutsche Beteiligungs	Pair Corr
0.67	SCGL	Sealand Capital Galaxy	Pair Corr
0.61	RNT	REINET INVESTMENTS SCA	Pair Corr

Moving against Affiliated Stock

0.62	55O1	Apollo Investment Corp	Pair Corr
0.37	TY	Tri Continental Closed	Pair Corr
0.61	MFG	Magellan Financial Earnings Call Today	Pair Corr
0.32	IPX	Impax Asset Management	Pair Corr
0.31	EFF	Deutsche Effecten und	Pair Corr
0.83	TIP	Teaminvest Private	Pair Corr
0.59	OEQ	Orion Equities Earnings Call This Week	Pair Corr
0.55	DYCQ	DT Cloud Acquisition	Pair Corr

Related Correlations Analysis

	JHG	SHNWF	HLNE	ATCO	ICGUF	ONEXF	VCTR	REVNF	PSEC	OTF
JHG		0.65	0.66	0.0	-0.11	0.59	0.78	0.0	0.47	0.1	JHG
SHNWF	0.65		0.19	0.0	0.31	0.13	0.72	0.0	0.62	-0.34	SHNWF
HLNE	0.66	0.19		0.0	-0.32	0.77	0.33	0.0	0.35	0.38	HLNE
ATCO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ATCO
ICGUF	-0.11	0.31	-0.32	0.0		-0.45	0.39	0.0	0.41	-0.78	ICGUF
ONEXF	0.59	0.13	0.77	0.0	-0.45		0.18	0.0	0.18	0.67	ONEXF
VCTR	0.78	0.72	0.33	0.0	0.39	0.18		0.0	0.68	-0.33	VCTR
REVNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	REVNF
PSEC	0.47	0.62	0.35	0.0	0.41	0.18	0.68	0.0		-0.27	PSEC
OTF	0.1	-0.34	0.38	0.0	-0.78	0.67	-0.33	0.0	-0.27		OTF
	JHG	SHNWF	HLNE	ATCO	ICGUF	ONEXF	VCTR	REVNF	PSEC	OTF

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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

VCTR	+ 0.78	JHG
ONEXF	+ 0.77	HLNE
VCTR	+ 0.72	SHNWF
PSEC	+ 0.68	VCTR
OTF	+ 0.67	ONEXF
HLNE	+ 0.66	JHG

High negative correlations

OTF	- 0.78	ICGUF
ONEXF	- 0.45	ICGUF
OTF	- 0.34	SHNWF
OTF	- 0.33	VCTR
ICGUF	- 0.32	HLNE
OTF	- 0.27	PSEC

Risk-Adjusted Indicators

There is a big difference between Affiliated Stock performing well and Affiliated Managers 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 Affiliated Managers' 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
JHG	0.60	0.15	0.14	0.41	0.61	(0.69)	1.57	(1.08)	3.98
SHNWF	1.78	0.76	0.00	(2.59)	0.00	0.00	4.38	0.00	14.17
HLNE	1.67	(0.20)	0.00	(0.08)	0.00	0.00	3.02	(3.74)	12.48
ATCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICGUF	0.16	0.00	0.00	0.23	0.00	0.00	0.00	0.00	5.20
ONEXF	1.07	(0.08)	0.00	(0.03)	0.00	0.00	2.03	(2.15)	9.02
VCTR	1.34	0.25	0.17	0.24	1.27	(1.49)	2.94	(2.17)	6.84
REVNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PSEC	1.56	0.18	0.07	(3.95)	1.71	(1.85)	4.67	(3.18)	10.69
OTF	1.56	(0.10)	0.00	(0.10)	0.00	0.00	3.38	(2.85)	10.23

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