AMERISAFE Correlations

AMSF Stock

USD 38.41 0.07 0.18%

The current 90-days correlation between AMERISAFE and Tiptree is 0.35 (i.e., Weak diversification). The correlation of AMERISAFE 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.

AMERISAFE Correlation With Market

Modest diversification

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

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

For more detail on how to invest in AMERISAFE Stock please use our How to Invest in AMERISAFE guide.

Moving together with AMERISAFE Stock

0.65	ERIE	Erie Indemnity	Pair Corr
0.78	WRB	W R Berkley	Pair Corr
0.73	ADM	Admiral Group PLC	Pair Corr
0.65	GOCO	GoHealth	Pair Corr

Moving against AMERISAFE Stock

0.58	601319	Peoples Insurance	Pair Corr
0.56	CB	Chubb	Pair Corr
0.48	AGO	Assured Guaranty	Pair Corr
0.48	AXS	AXIS Capital Holdings	Pair Corr
0.46	TSU	Trisura Group	Pair Corr
0.46	AIZ	Assurant	Pair Corr
0.44	FIHL	Fidelis Insurance	Pair Corr
0.39	ACT	Enact Holdings	Pair Corr
0.79	WTM	White Mountains Insurance	Pair Corr
0.62	UVE	Universal Insurance	Pair Corr
0.6	MKL	Markel	Pair Corr
0.44	MCY	Mercury General	Pair Corr
0.67	LMND	Lemonade	Pair Corr
0.6	IAGPE	Insurance Australia	Pair Corr
0.54	JRVR	James River Group	Pair Corr
0.47	KINS	Kingstone Companies	Pair Corr

Related Correlations Analysis

	TIPT	ITIC	EIG	PSKRF	TRRSF	HIPO	FACO	JRVR	MBI	AMBC
TIPT		0.59	-0.12	0.39	0.23	-0.22	0.49	0.21	0.68	-0.31	TIPT
ITIC	0.59		-0.38	0.11	-0.16	0.12	0.29	-0.19	0.46	-0.31	ITIC
EIG	-0.12	-0.38		0.04	0.49	-0.15	0.06	0.42	-0.13	0.35	EIG
PSKRF	0.39	0.11	0.04		0.77	-0.9	0.74	0.75	0.64	-0.33	PSKRF
TRRSF	0.23	-0.16	0.49	0.77		-0.72	0.7	0.81	0.31	0.15	TRRSF
HIPO	-0.22	0.12	-0.15	-0.9	-0.72		-0.65	-0.78	-0.56	0.3	HIPO
FACO	0.49	0.29	0.06	0.74	0.7	-0.65		0.6	0.58	-0.21	FACO
JRVR	0.21	-0.19	0.42	0.75	0.81	-0.78	0.6		0.49	-0.12	JRVR
MBI	0.68	0.46	-0.13	0.64	0.31	-0.56	0.58	0.49		-0.55	MBI
AMBC	-0.31	-0.31	0.35	-0.33	0.15	0.3	-0.21	-0.12	-0.55		AMBC
	TIPT	ITIC	EIG	PSKRF	TRRSF	HIPO	FACO	JRVR	MBI	AMBC

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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

JRVR	+ 0.81	TRRSF
TRRSF	+ 0.77	PSKRF
JRVR	+ 0.75	PSKRF
FACO	+ 0.74	PSKRF
FACO	+ 0.7	TRRSF
MBI	+ 0.68	TIPT

High negative correlations

HIPO	- 0.9	PSKRF
JRVR	- 0.78	HIPO
HIPO	- 0.72	TRRSF
FACO	- 0.65	HIPO
MBI	- 0.56	HIPO
AMBC	- 0.55	MBI

Risk-Adjusted Indicators

There is a big difference between AMERISAFE Stock performing well and AMERISAFE 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 AMERISAFE'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
TIPT	1.22	(0.09)	0.00	(0.06)	0.00	0.00	2.28	(3.43)	7.30
ITIC	1.40	(0.08)	0.00	(0.01)	0.00	0.00	3.04	(2.68)	10.23
EIG	1.02	0.03	0.00	0.17	1.79	(0.98)	1.78	(2.25)	7.80
PSKRF	9.29	4.47	0.00	0.70	0.00	0.00	4.25	0.00	312.70
TRRSF	1.17	0.19	0.08	1.09	1.27	(1.59)	3.15	(1.77)	6.87
HIPO	1.78	(0.31)	0.00	(0.13)	0.00	0.00	3.87	(4.51)	14.05
FACO	1.56	0.29	0.13	0.44	1.52	(2.39)	3.95	(2.17)	24.69
JRVR	1.95	0.20	0.07	0.32	2.19	(2.26)	4.10	(4.28)	21.85
MBI	1.59	(0.14)	0.00	(0.09)	0.00	0.00	4.05	(3.01)	15.64
AMBC	2.15	0.15	0.02	(0.68)	3.57	(2.07)	3.57	(4.04)	20.03

AMERISAFE Corporate Management

Kathryn Shirley	Sr. VP, General Counsel and Secretary	Profile
Michael Cobb	Senior Operations	Profile
Henry IV	Senior Operations	Profile
Mary Hamel	VP Sales	Profile
Raymond Wise	Executive Officer	Profile

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