AMERISAFE Correlations

AMSF Stock

USD 37.14 0.98 2.57%

The current 90-days correlation between AMERISAFE and Tiptree is 0.43 (i.e., Very 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

Excellent diversification

The correlation between AMERISAFE and DJI is -0.52 (i.e., Excellent 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.

Build AI portfolio with AMERISAFE Stock

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 various price indices.

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

Moving against AMERISAFE Stock

0.61	AA	Alcoa Corp	Pair Corr
0.45	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.41	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.39	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.38	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	TIPT	ITIC	EIG	PSKRF	TRRSF	HIPO	FACO	JRVR	MBI	AMBC
TIPT		0.71	-0.56	0.19	-0.45	0.05	-0.02	-0.19	0.72	-0.08	TIPT
ITIC	0.71		-0.53	-0.1	-0.43	0.32	0.0	-0.37	0.45	0.09	ITIC
EIG	-0.56	-0.53		0.48	0.91	-0.55	0.56	0.74	-0.47	-0.03	EIG
PSKRF	0.19	-0.1	0.48		0.45	-0.72	0.43	0.74	0.35	-0.1	PSKRF
TRRSF	-0.45	-0.43	0.91	0.45		-0.61	0.66	0.64	-0.4	-0.08	TRRSF
HIPO	0.05	0.32	-0.55	-0.72	-0.61		-0.6	-0.65	-0.17	0.07	HIPO
FACO	-0.02	0.0	0.56	0.43	0.66	-0.6		0.48	-0.05	-0.24	FACO
JRVR	-0.19	-0.37	0.74	0.74	0.64	-0.65	0.48		0.02	-0.05	JRVR
MBI	0.72	0.45	-0.47	0.35	-0.4	-0.17	-0.05	0.02		0.09	MBI
AMBC	-0.08	0.09	-0.03	-0.1	-0.08	0.07	-0.24	-0.05	0.09		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

TRRSF	+ 0.91	EIG
JRVR	+ 0.74	EIG
JRVR	+ 0.74	PSKRF
MBI	+ 0.72	TIPT
ITIC	+ 0.71	TIPT
FACO	+ 0.66	TRRSF

High negative correlations

HIPO	- 0.72	PSKRF
JRVR	- 0.65	HIPO
HIPO	- 0.61	TRRSF
FACO	- 0.6	HIPO
EIG	- 0.56	TIPT
HIPO	- 0.55	EIG

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	0.97	(0.02)	0.00	0.14	0.00	0.00	1.86	(1.86)	7.30
ITIC	1.39	0.00	0.00	0.06	0.00	0.00	3.01	(2.44)	10.23
EIG	1.06	0.06	0.01	0.27	1.72	(1.06)	2.14	(2.15)	7.46
PSKRF	9.29	4.46	0.00	0.77	0.00	0.00	4.25	(0.45)	312.70
TRRSF	1.19	0.21	0.10	(3.04)	0.99	(1.98)	3.62	(1.76)	7.36
HIPO	1.61	(0.26)	0.00	0.87	0.00	0.00	2.66	(3.48)	14.05
FACO	1.59	0.40	0.15	(1.26)	1.39	(2.41)	3.95	(2.38)	24.69
JRVR	1.99	0.34	0.12	0.97	2.12	(2.42)	4.88	(4.33)	21.85
MBI	1.83	0.02	0.00	0.04	0.00	0.00	4.61	(3.35)	16.36
AMBC	2.67	0.31	0.10	15.13	2.12	(3.77)	3.67	(3.77)	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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