American National Correlations

ANG-PA Stock

25.46 0.02 0.08%

The current 90-days correlation between American National and SNDL Inc is -0.1 (i.e., Good diversification). The correlation of American National 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.

American National Correlation With Market

Average diversification

The correlation between American National Group and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American National Group 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 American National 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 board of governors.

Moving together with American Stock

0.61	GL	Globe Life	Pair Corr
0.8	MET-PA	MetLife Preferred Stock	Pair Corr
0.68	UNM	Unum Group	Pair Corr
0.73	C	Citigroup Aggressive Push	Pair Corr
0.71	V	Visa Class A	Pair Corr
0.67	BK	Bank of New York	Pair Corr

Moving against American Stock

0.62	MFC	Manulife Financial Corp Earnings Call This Week	Pair Corr
0.54	ABL	Abacus Life	Pair Corr
0.49	PRU	Prudential Financial	Pair Corr
0.39	AFL	Aflac Incorporated	Pair Corr
0.71	BHFAP	Brighthouse Financial	Pair Corr
0.66	DHIL	Diamond Hill Investment	Pair Corr
0.59	BHFAN	Brighthouse Financial	Pair Corr
0.58	BHFAO	Brighthouse Financial	Pair Corr
0.56	BHFAM	Brighthouse Financial	Pair Corr
0.54	AX	Axos Financial	Pair Corr
0.4	GL-PD	Globe Life 425	Pair Corr
0.4	CNO-PA	CNO Financial Group	Pair Corr
0.48	CB	Chubb	Pair Corr
0.47	EG	Everest Group	Pair Corr

Related Correlations Analysis

	SNDL	CATWF	MGPI	STZ	KO	AVRTF
SNDL		0.0	0.58	0.52	0.01	0.0	SNDL
CATWF	0.0		0.0	0.0	0.0	-1.0	CATWF
MGPI	0.58	0.0		0.91	-0.25	0.0	MGPI
STZ	0.52	0.0	0.91		-0.35	0.0	STZ
KO	0.01	0.0	-0.25	-0.35		0.0	KO
AVRTF	0.0	-1.0	0.0	0.0	0.0		AVRTF
	SNDL	CATWF	MGPI	STZ	KO	AVRTF

Click cells to compare fundamentals

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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

STZ	+ 0.91	MGPI
MGPI	+ 0.58	SNDL
STZ	+ 0.52	SNDL
KO	+ 0.01	SNDL
CATWF	+ 0.0	SNDL
AVRTF	+ 0.0	SNDL

High negative correlations

AVRTF	- 1.0	CATWF
KO	- 0.35	STZ
KO	- 0.25	MGPI
AVRTF	- 0.0	KO
AVRTF	- 0.0	STZ
AVRTF	- 0.0	MGPI

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American National 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 American National'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
SNDL	1.85	(0.08)	0.00	(0.13)	0.00	0.00	4.62	(3.63)	10.74
CATWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGPI	1.86	(0.63)	0.00	(0.95)	0.00	0.00	3.16	(4.40)	10.20
STZ	1.33	(0.52)	0.00	(0.50)	0.00	0.00	2.13	(2.81)	19.31
KO	0.86	0.12	0.13	0.53	0.80	(0.98)	1.92	(1.29)	5.51
AVRTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

American National Corporate Management

Katherine Etinger	Executive Officer	Profile
Jeffrey CFA	Executive Officer	Profile
Steven CFA	Head Relations	Profile
Erik Askelsen	Executive Counsel	Profile
Aaron Boushek	Controller	Profile
James Hamalainen	Executive Officer	Profile

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