Silvercrest Asset Correlations

SAMG Stock

USD 17.99 0.14 0.78%

The current 90-days correlation between Silvercrest Asset and DWS Municipal Income is 0.13 (i.e., Average diversification). The correlation of Silvercrest Asset 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.

Silvercrest Asset Correlation With Market

Modest diversification

The correlation between Silvercrest Asset Management and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silvercrest Asset Management and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Silvercrest Asset Management. 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.

Moving together with Silvercrest Stock

0.79	V	Visa Class A	Pair Corr
0.68	DIST	Distoken Acquisition	Pair Corr
0.62	BN	Brookfield Corp	Pair Corr
0.64	DX	Dynex Capital	Pair Corr
0.7	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.74	LC	LendingClub Corp	Pair Corr
0.71	MA	Mastercard	Pair Corr
0.68	MC	Moelis	Pair Corr
0.65	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.65	PX	P10 Inc	Pair Corr
0.66	VCTR	Victory Capital Holdings	Pair Corr
0.76	VIRT	Virtu Financial Earnings Call This Week	Pair Corr

Moving against Silvercrest Stock

0.54	LU	Lufax Holding	Pair Corr
0.57	XP	Xp Inc	Pair Corr
0.45	PT	Pintec Technology	Pair Corr
0.38	WD	Walker Dunlop Normal Trading	Pair Corr
0.35	WU	Western Union	Pair Corr
0.45	WAVS	Western Acquisition	Pair Corr

Related Correlations Analysis

	BSIG	KTF	MUI	MYD	FOCS	CBH	CXH	EOT
BSIG		-0.12	0.27	-0.35	0.8	0.64	0.09	-0.39	BSIG
KTF	-0.12		0.76	0.93	-0.33	-0.51	0.85	0.77	KTF
MUI	0.27	0.76		0.7	0.05	-0.24	0.82	0.64	MUI
MYD	-0.35	0.93	0.7		-0.56	-0.67	0.76	0.87	MYD
FOCS	0.8	-0.33	0.05	-0.56		0.83	-0.06	-0.61	FOCS
CBH	0.64	-0.51	-0.24	-0.67	0.83		-0.24	-0.79	CBH
CXH	0.09	0.85	0.82	0.76	-0.06	-0.24		0.68	CXH
EOT	-0.39	0.77	0.64	0.87	-0.61	-0.79	0.68		EOT
	BSIG	KTF	MUI	MYD	FOCS	CBH	CXH	EOT

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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

MYD	+ 0.93	KTF
EOT	+ 0.87	MYD
CXH	+ 0.85	KTF
CBH	+ 0.83	FOCS
CXH	+ 0.82	MUI
FOCS	+ 0.8	BSIG

High negative correlations

EOT	- 0.79	CBH
CBH	- 0.67	MYD
EOT	- 0.61	FOCS
FOCS	- 0.56	MYD
CBH	- 0.51	KTF
EOT	- 0.39	BSIG

Risk-Adjusted Indicators

There is a big difference between Silvercrest Stock performing well and Silvercrest Asset 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 Silvercrest Asset'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
BSIG	1.40	0.07	0.02	(0.44)	1.80	(1.43)	2.98	(3.40)	11.14
KTF	0.50	(0.07)	0.00	(0.29)	0.00	0.00	1.13	(1.19)	3.43
MUI	0.42	(0.04)	0.00	(0.15)	0.00	0.00	0.72	(1.19)	3.94
MYD	0.59	(0.08)	0.00	(0.27)	0.00	0.00	1.09	(1.39)	3.23
FOCS	0.09	(0.01)	(0.23)	(0.41)	0.07	(0.10)	0.21	(0.17)	0.56
CBH	0.13	0.04	0.08	2.47	0.00	(0.18)	0.22	(0.22)	0.78
CXH	0.45	(0.03)	0.00	(1.75)	0.00	0.00	0.76	(1.01)	3.18
EOT	0.45	(0.07)	0.00	(7.52)	0.00	0.00	0.87	(1.03)	2.88

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