AMERISAFE Correlations

AMSF Stock

USD 58.07 0.23 0.40%

The current 90-days correlation between AMERISAFE and Investors Title is 0.54 (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

Very weak diversification

The correlation between AMERISAFE and DJI is 0.42 (i.e., Very weak 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.

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 state.

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

Moving together with AMERISAFE Stock

0.86	AGO	Assured Guaranty	Pair Corr
0.79	AXS	AXIS Capital Holdings	Pair Corr
0.87	EIG	Employers Holdings	Pair Corr
0.75	MBI	MBIA Inc	Pair Corr
0.87	HIPO	Hippo Holdings Upward Rally	Pair Corr
0.63	ICCH	ICC Holdings	Pair Corr
0.87	ITIC	Investors Title	Pair Corr
0.63	AMBC	Ambac Financial Group	Pair Corr
0.88	TIPT	Tiptree	Pair Corr
0.72	TRUP	Trupanion	Pair Corr
0.85	C	Citigroup Aggressive Push	Pair Corr
0.7	L	Loews Corp	Pair Corr
0.85	V	Visa Class A	Pair Corr
0.67	DHIL	Diamond Hill Investment	Pair Corr
0.85	DIST	Distoken Acquisition	Pair Corr
0.78	AB	AllianceBernstein	Pair Corr
0.67	AC	Associated Capital	Pair Corr
0.86	AX	Axos Financial	Pair Corr
0.78	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.77	BN	Brookfield Corp	Pair Corr
0.88	BX	Blackstone Group Normal Trading	Pair Corr
0.86	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.79	CG	Carlyle Group	Pair Corr
0.67	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr

Moving against AMERISAFE Stock

0.83	ESNT	Essent Group	Pair Corr
0.75	NMIH	NMI Holdings	Pair Corr
0.65	ACT	Enact Holdings	Pair Corr
0.58	JRVR	James River Group	Pair Corr
0.46	PPHI	Positive Physicians	Pair Corr
0.4	RDN	Radian Group	Pair Corr
0.68	IX	Orix Corp Ads	Pair Corr
0.61	EG	Everest Group	Pair Corr

Related Correlations Analysis

	AGO	MBI	ACT	ICCH	JRVR	ESNT	ITIC	EIG	NMIH
AGO		0.77	-0.3	0.59	-0.64	-0.6	0.9	0.87	-0.47	AGO
MBI	0.77		-0.49	0.31	-0.74	-0.69	0.9	0.79	-0.61	MBI
ACT	-0.3	-0.49		-0.32	0.31	0.89	-0.39	-0.4	0.91	ACT
ICCH	0.59	0.31	-0.32		-0.41	-0.44	0.46	0.49	-0.38	ICCH
JRVR	-0.64	-0.74	0.31	-0.41		0.57	-0.77	-0.63	0.41	JRVR
ESNT	-0.6	-0.69	0.89	-0.44	0.57		-0.69	-0.68	0.92	ESNT
ITIC	0.9	0.9	-0.39	0.46	-0.77	-0.69		0.92	-0.55	ITIC
EIG	0.87	0.79	-0.4	0.49	-0.63	-0.68	0.92		-0.51	EIG
NMIH	-0.47	-0.61	0.91	-0.38	0.41	0.92	-0.55	-0.51		NMIH
	AGO	MBI	ACT	ICCH	JRVR	ESNT	ITIC	EIG	NMIH

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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

NMIH	+ 0.92	ESNT
EIG	+ 0.92	ITIC
NMIH	+ 0.91	ACT
ITIC	+ 0.9	AGO
ITIC	+ 0.9	MBI
ESNT	+ 0.89	ACT

High negative correlations

ITIC	- 0.77	JRVR
JRVR	- 0.74	MBI
ITIC	- 0.69	ESNT
ESNT	- 0.69	MBI
EIG	- 0.68	ESNT
JRVR	- 0.64	AGO

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
AGO	1.26	0.19	0.15	0.24	1.12	(1.47)	2.89	(2.50)	9.67
MBI	2.86	0.70	0.25	0.40	2.44	(3.28)	7.12	(4.02)	21.33
ACT	0.90	(0.06)	(0.05)	0.01	1.39	(0.86)	1.61	(1.93)	7.30
ICCH	0.27	0.03	(0.13)	(0.22)	0.33	(0.36)	0.83	(0.56)	3.36
JRVR	2.37	(0.91)	0.00	(0.25)	0.00	0.00	3.47	(5.22)	31.93
ESNT	1.11	(0.21)	0.00	(0.15)	0.00	0.00	1.88	(2.14)	13.14
ITIC	1.50	0.24	0.18	0.23	1.37	(1.75)	3.89	(2.34)	12.40
EIG	1.04	0.10	0.10	0.17	1.02	(1.19)	2.46	(1.95)	11.24
NMIH	1.08	(0.08)	0.00	(0.01)	0.00	0.00	2.37	(2.55)	9.75

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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