Siriuspoint Correlations

SPNT Stock  USD 15.58  0.21  1.37%   
The current 90-days correlation between Siriuspoint and SCOR PK is 0.11 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Siriuspoint Correlation With Market

Poor diversification

The correlation between Siriuspoint and DJI is 0.66 (i.e., Poor 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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Siriuspoint. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Siriuspoint Stock please use our How to Invest in Siriuspoint guide.

Moving together with Siriuspoint Stock

  0.65L Loews CorpPairCorr
  0.63DHIL Diamond Hill InvestmentPairCorr

Moving against Siriuspoint Stock

  0.63AHL-PC Aspen Insurance HoldingsPairCorr
  0.49AHL-PE Aspen Insurance HoldingsPairCorr
  0.42RNR Renaissancere HoldingsPairCorr
  0.32RNR-PG RenaissanceRe HoldingsPairCorr
  0.49DB Deutsche Bank AGPairCorr
  0.49LU Lufax HoldingPairCorr
  0.37LX Lexinfintech HoldingsPairCorr

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   
GLRERGA
SPNT-PBSCRYY
SCRYYOXBR
SPNT-PBOXBR
SCRYYRGA
SPNT-PBGLRE
  
High negative correlations   
SPNT-PBRNR-PG
SCRYYRNR-PG
RNR-PGRGA
RNR-PGGLRE
OXBRMHLD
RNR-PGOXBR

Risk-Adjusted Indicators

There is a big difference between Siriuspoint 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.

Siriuspoint Corporate Management

Amanda KisalaChief VPProfile
James McKinneyChief OfficerProfile
Steve YendallChief OfficerProfile
David GovrinGlobal Chief Underwriting Officer and President Americas ReinsuranceProfile
Mark ParkinIndependent DirectorProfile
Karen CaddickChief OfficerProfile