Ameriprise Financial Correlations

A4S Stock

EUR 504.80 10.80 2.09%

The current 90-days correlation between Ameriprise Financial and Insurance Australia Group is -0.21 (i.e., Very good diversification). The correlation of Ameriprise Financial 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.

Ameriprise Financial Correlation With Market

Significant diversification

The correlation between Ameriprise Financial and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ameriprise Financial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ameriprise Stock

0.94	BBN1	Blackstone Group	Pair Corr
0.88	BLQA	BlackRock	Pair Corr
0.96	BN9	The Bank	Pair Corr
0.94	ZYA	State Street	Pair Corr
0.94	TR1	T Rowe Price	Pair Corr
0.87	0QN	Ares Management Corp	Pair Corr
0.93	NT4	Northern Trust	Pair Corr

Moving against Ameriprise Stock

0.83	GD6	Ramsay Gnrale de	Pair Corr
0.8	HVB	STRA Hannoversche	Pair Corr
0.6	6EQ	EQT AB	Pair Corr
0.4	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	6BC0	9B7	MGC	CUG	NRM	NRM	4I3	HKT
6BC0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	6BC0
9B7	0.0		0.7	-0.08	0.94	0.94	0.5	0.71	9B7
MGC	0.0	0.7		-0.08	0.73	0.72	0.22	0.53	MGC
CUG	0.0	-0.08	-0.08		-0.1	-0.07	-0.05	-0.18	CUG
NRM	0.0	0.94	0.73	-0.1		0.95	0.54	0.73	NRM
NRM	0.0	0.94	0.72	-0.07	0.95		0.52	0.73	NRM
4I3	0.0	0.5	0.22	-0.05	0.54	0.52		0.59	4I3
HKT	0.0	0.71	0.53	-0.18	0.73	0.73	0.59		HKT
	6BC0	9B7	MGC	CUG	NRM	NRM	4I3	HKT

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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

NRM	+ 0.95	NRM
NRM	+ 0.94	9B7
NRM	+ 0.94	9B7
NRM	+ 0.73	MGC
HKT	+ 0.73	NRM
HKT	+ 0.73	NRM

High negative correlations

HKT	- 0.18	CUG
NRM	- 0.1	CUG
CUG	- 0.08	MGC
CUG	- 0.08	9B7
NRM	- 0.07	CUG
4I3	- 0.05	CUG

Risk-Adjusted Indicators

There is a big difference between Ameriprise Stock performing well and Ameriprise Financial 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 Ameriprise Financial'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
6BC0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
9B7	1.86	0.89	0.59	5.97	0.31	(2.77)	4.96	(2.11)	36.68
MGC	0.80	0.02	0.01	0.05	1.20	(1.44)	2.46	(1.68)	7.77
CUG	0.15	(0.01)	0.00	(0.05)	0.00	0.00	0.00	0.00	9.76
NRM	1.21	0.14	0.09	0.36	1.17	(1.70)	3.07	(2.20)	7.02
NRM	1.26	0.18	0.10	1.26	1.38	(1.53)	3.24	(2.22)	11.70
4I3	1.56	0.21	0.08	1.45	1.96	(1.89)	3.13	(2.88)	8.97
HKT	0.53	0.01	0.00	0.10	0.67	(1.62)	1.64	(1.61)	3.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ameriprise Financial 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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