Accelerant Holdings Correlations

ARX Stock

16.51 0.35 2.08%

The current 90-days correlation between Accelerant Holdings and Goosehead Insurance is 0.27 (i.e., Modest diversification). The correlation of Accelerant Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Accelerant Holdings Correlation With Market

Average diversification

The correlation between Accelerant Holdings and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Accelerant Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Accelerant Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Accelerant Holdings. 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.

For more information on how to buy Accelerant Stock please use our How to Invest in Accelerant Holdings guide.

Moving together with Accelerant Stock

0.69	SLVM	Sylvamo Corp	Pair Corr
0.86	FULT	Fulton Financial	Pair Corr
0.64	HL	Hecla Mining Aggressive Push	Pair Corr
0.87	EGO	Eldorado Gold Corp	Pair Corr
0.84	EQMEF	Equity Metals	Pair Corr
0.73	NGD	New Gold Aggressive Push	Pair Corr
0.75	WIT	Wipro Limited ADR	Pair Corr
0.62	ESPR	Esperion Therapeutics	Pair Corr

Moving against Accelerant Stock

0.6	REE	Ree Automotive Holding	Pair Corr
0.57	SUPX	Super X AI Symbol Change	Pair Corr
0.44	PIFMY	Indofood Sukses Makmur	Pair Corr
0.42	MGAM	Mobile Global Esports	Pair Corr
0.33	TECH	Bio Techne Corp	Pair Corr
0.7	53225HAA8	LIGADO NETWORKS LLC	Pair Corr
0.49	LUMN	Lumen Technologies	Pair Corr
0.4	CMFO	China Marine Food	Pair Corr
0.38	MTNOY	MTN Group	Pair Corr
0.32	SWGAY	Swatch Group AG	Pair Corr

Related Correlations Analysis

	GSHD	BHF	HG	HCI	SFNC	CVBF	PRK	TOWN	BBUC
GSHD		0.42	0.54	-0.28	0.55	0.68	0.62	0.64	0.24	GSHD
BHF	0.42		0.84	-0.67	0.14	0.55	0.14	0.2	-0.3	BHF
HG	0.54	0.84		-0.45	0.4	0.75	0.4	0.42	0.01	HG
HCI	-0.28	-0.67	-0.45		-0.14	-0.39	-0.05	-0.12	0.41	HCI
SFNC	0.55	0.14	0.4	-0.14		0.63	0.88	0.89	0.26	SFNC
CVBF	0.68	0.55	0.75	-0.39	0.63		0.7	0.71	0.33	CVBF
PRK	0.62	0.14	0.4	-0.05	0.88	0.7		0.96	0.29	PRK
TOWN	0.64	0.2	0.42	-0.12	0.89	0.71	0.96		0.28	TOWN
BBUC	0.24	-0.3	0.01	0.41	0.26	0.33	0.29	0.28		BBUC
	GSHD	BHF	HG	HCI	SFNC	CVBF	PRK	TOWN	BBUC

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

TOWN	+ 0.96	PRK
TOWN	+ 0.89	SFNC
PRK	+ 0.88	SFNC
HG	+ 0.84	BHF
CVBF	+ 0.75	HG
TOWN	+ 0.71	CVBF

High negative correlations

HCI	- 0.67	BHF
HCI	- 0.45	HG
CVBF	- 0.39	HCI
BBUC	- 0.3	BHF
HCI	- 0.28	GSHD
SFNC	- 0.14	HCI

Risk-Adjusted Indicators

There is a big difference between Accelerant Stock performing well and Accelerant Holdings 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 Accelerant Holdings' 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
GSHD	1.86	(0.06)	(0.03)	(0.01)	2.77	(1.75)	4.37	(4.21)	14.87
BHF	1.96	0.38	0.13	(2.20)	1.73	(2.66)	3.10	(4.59)	31.02
HG	1.26	0.15	0.10	0.25	1.21	(1.48)	2.56	(2.34)	12.52
HCI	1.73	0.01	0.02	0.08	2.48	(1.67)	3.95	(4.09)	12.30
SFNC	1.15	(0.10)	0.00	(0.01)	0.00	0.00	2.78	(3.18)	7.94
CVBF	1.18	(0.06)	(0.03)	0.02	1.59	(1.25)	2.95	(2.98)	8.09
PRK	1.18	(0.13)	0.00	(0.06)	0.00	0.00	2.61	(2.67)	8.53
TOWN	0.98	(0.13)	0.00	(0.07)	0.00	0.00	2.52	(2.64)	7.46
BBUC	1.87	(0.05)	0.00	0.04	2.99	(1.79)	3.85	(3.80)	17.00

Accelerant Holdings Corporate Management

Jay Green	Chief Officer	Profile
Pete Horst	Chief Officer	Profile
Matthew Sternberg	Chief Exchange	Profile
Nancy Hasley	Chief Counsel	Profile
Ryan Schiller	Head Strategy	Profile
Chelsea Perkins	Chief Officer	Profile

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