AssetMark Financial Correlations

Summary

The current 90-days correlation between AssetMark Financial and Federated Investors B is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AssetMark Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AssetMark Financial Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AssetMark Financial Correlation With Market

Very good diversification

The correlation between AssetMark Financial Holdings and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AssetMark Financial Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving against AssetMark Stock

0.44	WMT	Walmart Aggressive Push	Pair Corr
0.43	DIS	Walt Disney Aggressive Push	Pair Corr
0.38	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.37	PG	Procter Gamble	Pair Corr
0.36	BRK-A	Berkshire Hathaway	Pair Corr
0.35	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.34	HPQ	HP Inc	Pair Corr
0.32	HMTLF	Hitachi Metals	Pair Corr

Related Correlations Analysis

	AEF	KTF	MUI	MYD	FMN	DHIL	NXG	FHI	BSIG	FTF
AEF		0.34	0.56	0.36	0.36	-0.18	0.14	0.02	-0.14	0.46	AEF
KTF	0.34		0.51	0.65	0.15	0.31	0.58	0.4	0.43	0.34	KTF
MUI	0.56	0.51		0.26	0.13	-0.03	0.43	0.18	0.09	0.45	MUI
MYD	0.36	0.65	0.26		0.7	-0.02	-0.03	-0.19	-0.15	0.55	MYD
FMN	0.36	0.15	0.13	0.7		-0.53	-0.61	-0.75	-0.73	0.57	FMN
DHIL	-0.18	0.31	-0.03	-0.02	-0.53		0.65	0.68	0.79	0.01	DHIL
NXG	0.14	0.58	0.43	-0.03	-0.61	0.65		0.9	0.85	0.0	NXG
FHI	0.02	0.4	0.18	-0.19	-0.75	0.68	0.9		0.94	-0.28	FHI
BSIG	-0.14	0.43	0.09	-0.15	-0.73	0.79	0.85	0.94		-0.19	BSIG
FTF	0.46	0.34	0.45	0.55	0.57	0.01	0.0	-0.28	-0.19		FTF
	AEF	KTF	MUI	MYD	FMN	DHIL	NXG	FHI	BSIG	FTF

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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

BSIG	+ 0.94	FHI
FHI	+ 0.9	NXG
BSIG	+ 0.85	NXG
BSIG	+ 0.79	DHIL
FMN	+ 0.7	MYD
FHI	+ 0.68	DHIL

High negative correlations

FHI	- 0.75	FMN
BSIG	- 0.73	FMN
NXG	- 0.61	FMN
DHIL	- 0.53	FMN
FTF	- 0.28	FHI
FTF	- 0.19	BSIG

Risk-Adjusted Indicators

There is a big difference between AssetMark Stock performing well and AssetMark 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 AssetMark 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
AEF	0.91	(0.06)	0.00	(0.06)	0.00	0.00	2.29	(2.08)	6.33
KTF	0.44	0.05	(0.12)	(1.30)	0.48	(0.53)	1.12	(0.61)	3.40
MUI	0.30	0.01	(0.16)	(1.78)	0.50	(0.32)	0.73	(0.65)	3.31
MYD	0.50	0.01	(0.16)	0.35	0.54	(0.56)	1.08	(1.06)	2.65
FMN	0.49	(0.07)	0.00	0.66	0.00	0.00	1.07	(1.49)	5.10
DHIL	1.21	(0.07)	(0.01)	0.07	1.14	(1.54)	2.22	(1.80)	8.58
NXG	0.76	0.33	0.30	0.72	0.00	(0.87)	2.57	(0.94)	5.18
FHI	0.98	0.24	0.23	0.40	0.66	(1.21)	2.04	(1.37)	5.65
BSIG	1.42	0.20	0.16	0.22	1.29	(1.54)	3.12	(3.01)	9.55
FTF	0.33	0.00	(0.21)	0.10	0.35	(0.40)	0.62	(0.62)	1.82

View AssetMark Financial Related Equities

Abrdn Emerging Markets DWS Municipal Income Blackrock Muni Intermediate Blackrock Muniyield Federated Premier Municipal Diamond Hill Investment NXG NextGen Infrastructure Federated Investors B Brightsphere Investment Group Franklin Templeton Limited Munivest Fund Blackrock Floating Rate Brookfield Business Corp BlackRock Capital Allocation Elysee Development Corp

Risk & Return

Correlation

AssetMark Financial Corporate Management

Yi Zhou	Director	Profile
CFA CFA	Chief Officer	Profile
Rohit Bhagat	Independent Director	Profile
Natalie Wolfsen	Executive Vice President Chief Solutions Officer	Profile
Patricia Guinn	Independent Director	Profile
Carrie CPA	COO VP	Profile
Ying Sun	Director	Profile

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