Affiliated Managers Correlations

MGR Stock

USD 23.17 0.25 1.07%

The current 90-days correlation between Affiliated Managers and DBA Sempra 5750 is 0.11 (i.e., Average diversification). The correlation of Affiliated Managers 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.

Affiliated Managers Correlation With Market

Average diversification

The correlation between Affiliated Managers Group and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affiliated Managers Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Affiliated Managers 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 price.

Moving together with Affiliated Stock

0.72	MHLA	Maiden Holdings	Pair Corr
0.64	RFACR	RF Acquisition Corp	Pair Corr
0.72	AIZN	Assurant	Pair Corr
0.75	SREA	DBA Sempra 5750	Pair Corr

Moving against Affiliated Stock

0.76	PRE	Prenetics Global	Pair Corr
0.6	MSPR	MSP Recovery Symbol Change	Pair Corr
0.54	DLO	Dlocal Tech Boost	Pair Corr
0.44	JNVR	Janover Common Stock	Pair Corr
0.62	PRTH	Priority Technology	Pair Corr
0.61	BKKT	Bakkt Holdings	Pair Corr
0.45	RELY	Remitly Global	Pair Corr
0.44	DMYY	dMY Squared Technology	Pair Corr
0.37	DYCQ	DT Cloud Acquisition	Pair Corr

Related Correlations Analysis

	SREA	CMSD	AFGB	NRUC	MHNC
SREA		0.64	0.49	0.49	0.35	SREA
CMSD	0.64		0.86	0.89	0.32	CMSD
AFGB	0.49	0.86		0.77	0.17	AFGB
NRUC	0.49	0.89	0.77		0.35	NRUC
MHNC	0.35	0.32	0.17	0.35		MHNC
	SREA	CMSD	AFGB	NRUC	MHNC

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Risk-Adjusted Indicators

There is a big difference between Affiliated Stock performing well and Affiliated Managers 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 Affiliated Managers' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SREA	0.59	(0.10)	(0.28)	1.64	(1.24)	5.15
CMSD	0.49	(0.06)	(0.43)	1.42	(0.84)	3.31
AFGB	0.67	(0.14)	(0.47)	1.40	(1.36)	3.78
NRUC	0.67	(0.09)	(0.39)	1.07	(1.17)	4.38
MHNC	1.08	(0.22)	(5.29)	2.19	(1.82)	6.88

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