Athene Holding Correlations
| ATH-PC Preferred Stock | USD 25.35 0.12 0.48% |
The current 90-days correlation between Athene Holding and Arch Capital Group is 0.41 (i.e., Very weak diversification). The correlation of Athene Holding 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.
Athene Holding Correlation With Market
Average diversification
The correlation between Athene Holding and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Athene Holding and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Athene Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Athene Holding when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Athene Holding - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Athene Holding to buy it.
Moving together with Athene Preferred Stock
| 0.75 | AEG | Aegon NV ADR | PairCorr |
| 0.71 | EQH | Axa Equitable Holdings | PairCorr |
| 0.75 | SLF | Sun Life Financial | PairCorr |
| 0.75 | GSHD | Goosehead Insurance | PairCorr |
| 0.76 | IGIC | International General Normal Trading | PairCorr |
| 0.78 | HIG-PG | The Hartford Financial | PairCorr |
| 0.85 | ATH-PE | Athene Holding | PairCorr |
| 0.72 | ATH-PA | Athene Holding | PairCorr |
| 0.68 | C | Citigroup Aggressive Push | PairCorr |
| 0.75 | V | Visa Class A | PairCorr |
| 0.72 | DIST | Distoken Acquisition | PairCorr |
| 0.65 | AB | AllianceBernstein | PairCorr |
| 0.65 | AC | Associated Capital | PairCorr |
| 0.8 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.8 | BN | Brookfield Corp | PairCorr |
| 0.84 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.75 | CG | Carlyle Group | PairCorr |
| 0.78 | CM | Canadian Imperial Bank Fiscal Year End 5th of December 2024 | PairCorr |
Moving against Athene Preferred Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Athene Preferred Stock performing well and Athene Holding 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 Athene Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATH-PB | 0.74 | (0.03) | 0.00 | (0.22) | 0.00 | 1.32 | 5.23 | |||
| HIG-PG | 0.31 | 0.00 | (0.21) | 0.08 | 0.33 | 0.68 | 2.15 | |||
| ACGLN | 0.56 | (0.01) | (0.11) | (0.05) | 0.76 | 1.08 | 3.85 | |||
| ATH-PA | 0.48 | 0.02 | (0.09) | 0.91 | 0.60 | 0.97 | 2.96 | |||
| ARZGY | 0.86 | 0.10 | 0.03 | 0.65 | 0.87 | 1.90 | 6.48 | |||
| AXAHF | 1.10 | (0.05) | 0.00 | (0.36) | 0.00 | 2.66 | 8.35 | |||
| ARZGF | 0.22 | 0.13 | 0.00 | (0.32) | 0.00 | 0.00 | 7.21 | |||
| AGESY | 0.81 | 0.07 | (0.01) | 3.22 | 0.98 | 1.70 | 5.83 | |||
| SAXPY | 0.78 | (0.10) | 0.00 | 0.56 | 0.00 | 1.47 | 4.50 |
Be your own money manager
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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Athene Holding Corporate Management
| Martin Klein | Ex CFO | Profile | |
| Karen Lynn | Sr Communications | Profile | |
| James Belardi | Chairman, CoFounder | Profile | |
| Michael Downing | Ex COO | Profile | |
| Randall Epright | Ex Officer | Profile | |
| Noah Gunn | Head Relations | Profile | |
| Sarah CPA | Corp VP | Profile |