Affiliated Managers Correlations

AMG Stock

USD 303.57 14.72 5.10%

The current 90-days correlation between Affiliated Managers and Janus Henderson Group is 0.08 (i.e., Significant 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 weak diversification

The correlation between Affiliated Managers Group 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 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 industry.

Moving together with Affiliated Stock

0.87	MAJE	Majedie Investments	Pair Corr
0.92	DGS	Dividend Growth Split	Pair Corr
0.74	WWH	Worldwide Healthcare	Pair Corr
0.68	PRIM	Primorus Investments plc	Pair Corr
0.88	PAX	Patria Investments	Pair Corr
0.88	SII	Sprott Inc Normal Trading	Pair Corr
0.87	STT	State Street Corp	Pair Corr
0.78	TPG	TPG Inc	Pair Corr
0.73	BIOG	Biotech Growth	Pair Corr
0.93	FFN	North American Financial	Pair Corr
0.81	LWI	Lowland Investment	Pair Corr
0.87	HERZ	Herzfeld Creditome Symbol Change	Pair Corr

Moving against Affiliated Stock

0.83	IPX	Impax Asset Management	Pair Corr
0.61	HRI	Herald Investment Trust	Pair Corr
0.51	VRTS	Virtus Investment	Pair Corr
0.47	IEM	Impax Environmental	Pair Corr
0.45	TY	Tri Continental Closed	Pair Corr
0.41	FDUS	Fidus Investment Corp	Pair Corr
0.39	LIT	Litigation Capital	Pair Corr
0.33	ECC	Eagle Point Credit	Pair Corr
0.81	OFS	OFS Capital Corp	Pair Corr
0.61	MMIT	Mobius Investment Trust	Pair Corr
0.53	TAM	Tatton Asset Management	Pair Corr
0.52	CHRY	Chrysalis Investments Earnings Call This Week	Pair Corr
0.36	IGI	Western Asset Investment	Pair Corr
0.31	OWL	Blue Owl Capital Aggressive Push	Pair Corr
0.83	LIO	Liontrust Asset Mana	Pair Corr
0.83	LTI	Lindsell Train Investment	Pair Corr
0.5	TAVI	Tavistock Investments Plc	Pair Corr
0.36	MNKS	Monks Investment Trust	Pair Corr

Related Correlations Analysis

	JHG	SHNWF	HLNE	ATCO	ICGUF	ONEXF	VCTR	REVNF	PSEC	OTF
JHG		0.7	0.72	0.0	-0.72	0.07	-0.01	0.0	-0.26	0.32	JHG
SHNWF	0.7		0.74	0.0	-0.7	-0.24	0.09	0.0	-0.15	0.0	SHNWF
HLNE	0.72	0.74		0.0	-0.68	-0.31	-0.15	0.0	-0.13	0.08	HLNE
ATCO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ATCO
ICGUF	-0.72	-0.7	-0.68	0.0		0.03	0.04	0.0	0.33	-0.37	ICGUF
ONEXF	0.07	-0.24	-0.31	0.0	0.03		0.31	0.0	-0.06	0.65	ONEXF
VCTR	-0.01	0.09	-0.15	0.0	0.04	0.31		0.0	-0.07	0.19	VCTR
REVNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	REVNF
PSEC	-0.26	-0.15	-0.13	0.0	0.33	-0.06	-0.07	0.0		-0.05	PSEC
OTF	0.32	0.0	0.08	0.0	-0.37	0.65	0.19	0.0	-0.05		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

HLNE	+ 0.74	SHNWF
HLNE	+ 0.72	JHG
SHNWF	+ 0.7	JHG
OTF	+ 0.65	ONEXF
PSEC	+ 0.33	ICGUF
OTF	+ 0.32	JHG

High negative correlations

ICGUF	- 0.72	JHG
ICGUF	- 0.7	SHNWF
ICGUF	- 0.68	HLNE
OTF	- 0.37	ICGUF
ONEXF	- 0.31	HLNE
PSEC	- 0.26	JHG

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	1.26	0.11	0.03	0.42	1.67	(1.33)	2.51	(2.83)	14.63
SHNWF	0.64	0.10	0.00	(2.23)	0.00	0.00	0.36	0.00	13.69
HLNE	1.55	0.10	0.07	0.15	1.55	(1.74)	3.12	(2.49)	9.90
ATCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICGUF	0.13	(0.07)	0.00	1.13	0.00	0.00	0.00	0.00	2.58
ONEXF	1.10	(0.06)	0.00	(0.12)	0.00	0.00	2.55	(3.19)	9.18
VCTR	1.12	(0.03)	0.00	0.14	0.00	0.00	1.89	(2.08)	5.77
REVNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PSEC	1.42	0.00	0.00	0.07	1.49	(1.64)	3.94	(2.26)	10.92
OTF	1.42	0.10	0.06	0.19	1.41	(1.63)	3.38	(2.58)	8.82

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