Maiden Holdings Correlations

MHLD Stock

USD 1.06 0.03 2.75%

The current 90-days correlation between Maiden Holdings and SiriusPoint is 0.14 (i.e., Average diversification). The correlation of Maiden 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.

Maiden Holdings Correlation With Market

Average diversification

The correlation between Maiden Holdings and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maiden Holdings 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 Maiden 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 bureau of economic analysis.

For information on how to trade Maiden Stock refer to our How to Trade Maiden Stock guide.

Moving together with Maiden Stock

0.73	AHL-PE	Aspen Insurance Holdings	Pair Corr
0.77	AHL-PC	Aspen Insurance Holdings	Pair Corr
0.81	RNR-PG	RenaissanceRe Holdings	Pair Corr
0.73	RNR-PF	RenaissanceRe Holdings	Pair Corr
0.72	DHIL	Diamond Hill Investment	Pair Corr
0.69	CB	Chubb Sell-off Trend	Pair Corr
0.62	KB	KB Financial Group Earnings Call This Week	Pair Corr

Moving against Maiden Stock

0.91	OXBRW	Oxbridge Re Holdings	Pair Corr
0.88	OXBR	Oxbridge Re Holdings	Pair Corr
0.73	C	Citigroup Earnings Call This Week	Pair Corr
0.68	SPNT-PB	SiriusPoint	Pair Corr
0.56	HG	Hamilton Insurance Group,	Pair Corr
0.74	DB	Deutsche Bank AG	Pair Corr
0.6	V	Visa Class A	Pair Corr
0.58	GL	Globe Life Earnings Call This Week	Pair Corr
0.49	BK	Bank of New York	Pair Corr
0.44	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.41	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.39	DIST	Distoken Acquisition	Pair Corr
0.37	L	Loews Corp Earnings Call This Week	Pair Corr
0.87	LX	Lexinfintech Holdings Trending	Pair Corr
0.79	RM	Regional Management Corp Earnings Call This Week	Pair Corr
0.6	QD	Qudian Inc	Pair Corr
0.51	PX	P10 Inc	Pair Corr
0.46	GS	Goldman Sachs Group	Pair Corr
0.43	LC	LendingClub Corp	Pair Corr

Related Correlations Analysis

	SPNT	BNRE	RGA	OXBR	GLRE	RNR-PG	RE	RNR	SPNT-PB
SPNT		0.39	0.34	0.33	0.57	-0.12	0.24	0.24	0.65	SPNT
BNRE	0.39		-0.02	0.84	-0.19	-0.81	-0.59	-0.61	0.8	BNRE
RGA	0.34	-0.02		-0.07	0.44	0.13	0.29	0.26	0.07	RGA
OXBR	0.33	0.84	-0.07		-0.29	-0.79	-0.63	-0.47	0.81	OXBR
GLRE	0.57	-0.19	0.44	-0.29		0.47	0.72	0.65	0.05	GLRE
RNR-PG	-0.12	-0.81	0.13	-0.79	0.47		0.75	0.72	-0.61	RNR-PG
RE	0.24	-0.59	0.29	-0.63	0.72	0.75		0.79	-0.31	RE
RNR	0.24	-0.61	0.26	-0.47	0.65	0.72	0.79		-0.22	RNR
SPNT-PB	0.65	0.8	0.07	0.81	0.05	-0.61	-0.31	-0.22		SPNT-PB
	SPNT	BNRE	RGA	OXBR	GLRE	RNR-PG	RE	RNR	SPNT-PB

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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

OXBR	+ 0.84	BNRE
SPNT-PB	+ 0.81	OXBR
SPNT-PB	+ 0.8	BNRE
RNR	+ 0.79	RE
RE	+ 0.75	RNR-PG
RE	+ 0.72	GLRE

High negative correlations

RNR-PG	- 0.81	BNRE
RNR-PG	- 0.79	OXBR
RE	- 0.63	OXBR
SPNT-PB	- 0.61	RNR-PG
RNR	- 0.61	BNRE
RE	- 0.59	BNRE

Risk-Adjusted Indicators

There is a big difference between Maiden Stock performing well and Maiden 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 Maiden 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
SPNT	1.71	0.16	0.03	(45.08)	1.96	(1.77)	2.68	(3.75)	19.39
BNRE	1.21	0.47	0.22	(1.36)	1.18	(1.37)	3.14	(1.88)	9.53
RGA	1.06	0.11	0.03	0.55	1.33	(1.12)	1.91	(2.36)	10.70
OXBR	3.89	1.04	0.19	(1.53)	3.71	(4.82)	10.95	(6.92)	40.97
GLRE	1.08	(0.03)	(0.03)	0.05	1.53	(1.13)	2.40	(2.52)	12.12
RNR-PG	0.89	(0.13)	0.00	(0.55)	0.00	0.00	1.72	(1.65)	5.43
RE	1.10	(0.03)	0.00	0.29	0.00	0.00	2.29	(2.48)	6.28
RNR	1.30	(0.25)	0.00	(0.31)	0.00	0.00	2.74	(2.81)	11.76
SPNT-PB	0.29	0.02	(0.23)	1.76	0.21	(0.36)	0.66	(0.43)	2.00

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