SiriusPoint Correlations

SPNT-PB Preferred Stock

25.23 0.08 0.32%

The current 90-days correlation between SiriusPoint and RLJ Lodging Trust is 0.18 (i.e., Average diversification). The correlation of SiriusPoint 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.

SiriusPoint Correlation With Market

Very good diversification

The correlation between SiriusPoint and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SiriusPoint and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SiriusPoint could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SiriusPoint 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 SiriusPoint - 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 SiriusPoint to buy it.

Moving together with SiriusPoint Preferred Stock

0.81	BNT	Brookfield Wealth Symbol Change	Pair Corr
0.63	OXBR	Oxbridge Re Holdings	Pair Corr
0.76	C	Citigroup Aggressive Push	Pair Corr
0.83	V	Visa Class A	Pair Corr
0.87	DIST	Distoken Acquisition	Pair Corr
0.8	AB	AllianceBernstein	Pair Corr
0.79	AC	Associated Capital	Pair Corr
0.68	AX	Axos Financial	Pair Corr
0.88	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.81	BN	Brookfield Corp	Pair Corr
0.9	BX	Blackstone Group Normal Trading	Pair Corr
0.65	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.85	CG	Carlyle Group	Pair Corr
0.79	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr
0.62	GL	Globe Life	Pair Corr
0.81	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.83	LC	LendingClub Corp	Pair Corr
0.68	LX	Lexinfintech Holdings	Pair Corr

Moving against SiriusPoint Preferred Stock

0.58	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.54	EG	Everest Group	Pair Corr
0.49	RNR-PF	RenaissanceRe Holdings	Pair Corr
0.44	RNR-PG	RenaissanceRe Holdings	Pair Corr
0.8	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	RLJ-PA	ARGO-PA	NYMTM	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
RLJ-PA		-0.13	-0.09	0.0	0.47	0.29	-0.62	0.39	-0.62	-0.32	RLJ-PA
ARGO-PA	-0.13		0.83	0.0	0.53	0.6	0.38	0.35	0.48	0.61	ARGO-PA
NYMTM	-0.09	0.83		0.0	0.54	0.59	0.5	0.4	0.49	0.7	NYMTM
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.47	0.53	0.54	0.0		0.69	-0.11	0.87	-0.02	0.19	MSTSX
LBHIX	0.29	0.6	0.59	0.0	0.69		0.15	0.72	0.26	0.09	LBHIX
VIASP	-0.62	0.38	0.5	0.0	-0.11	0.15		0.0	0.78	0.47	VIASP
RRTLX	0.39	0.35	0.4	0.0	0.87	0.72	0.0		0.05	0.01	RRTLX
OSHDF	-0.62	0.48	0.49	0.0	-0.02	0.26	0.78	0.05		0.35	OSHDF
70082LAB3	-0.32	0.61	0.7	0.0	0.19	0.09	0.47	0.01	0.35		70082LAB3
	RLJ-PA	ARGO-PA	NYMTM	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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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

RRTLX	+ 0.87	MSTSX
NYMTM	+ 0.83	ARGO-PA
OSHDF	+ 0.78	VIASP
RRTLX	+ 0.72	LBHIX
70082LAB3	+ 0.7	NYMTM
LBHIX	+ 0.69	MSTSX

High negative correlations

OSHDF	- 0.62	RLJ-PA
VIASP	- 0.62	RLJ-PA
70082LAB3	- 0.32	RLJ-PA
ARGO-PA	- 0.13	RLJ-PA
VIASP	- 0.11	MSTSX
NYMTM	- 0.09	RLJ-PA

Risk-Adjusted Indicators

There is a big difference between SiriusPoint Preferred Stock performing well and SiriusPoint 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 SiriusPoint'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
RLJ-PA	0.42	(0.01)	(0.21)	(0.19)	0.60	(0.37)	0.86	(0.98)	2.76
ARGO-PA	0.23	0.03	(0.27)	(0.40)	0.27	(0.25)	0.60	(0.48)	1.78
NYMTM	0.28	0.08	(0.11)	2.28	0.00	(0.37)	0.89	(0.59)	1.83
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18
RRTLX	0.24	(0.02)	(0.31)	0.05	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	20.22	0.00	(24.88)	0.00	0.00	0.00	0.00	1,329
70082LAB3	1.00	0.07	(0.04)	(0.12)	2.25	(1.07)	1.75	(1.69)	24.27

Be your own money manager

Our tools can tell you how much better you can do entering a position in SiriusPoint without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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