Assured Guaranty Correlations

Stocks . USA . 
Stock . Assured Guaranty
AGO Stock  USD 82.81  5.50  7.11%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Assured Guaranty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Assured Guaranty moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Assured Guaranty Correlation With Market

Poor diversification

The correlation between Assured Guaranty and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assured Guaranty and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Assured Guaranty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Assured Stock, please use our How to Invest in Assured Guaranty guide.

Moving together with Assured Stock

  0.7ESNT Essent GroupPairCorr
  0.76MBI MBIA IncPairCorr
  0.62MTG MGIC Investment CorpPairCorr
  0.7RDN Radian GroupPairCorr
  0.76JRVR James River GroupPairCorr
  0.81NMIH NMI HoldingsPairCorr
  0.83AMBC Ambac Financial GroupPairCorr
  0.9C Citigroup Earnings Call TomorrowPairCorr
  0.65DHIL Diamond Hill InvestmentPairCorr
  0.89AX Axos FinancialPairCorr
  0.93BN Brookfield CorpPairCorr
  0.86BX Blackstone Group Earnings Call This WeekPairCorr
  0.9BY Byline BancorpPairCorr
  0.89CG Carlyle GroupPairCorr
  0.78CM Canadian Imperial BankPairCorr
  0.67FG FG Annuities LifePairCorr
  0.91GS Goldman Sachs Group Earnings Call This WeekPairCorr

Moving against Assured Stock

  0.45FNF Fidelity NationalPairCorr
  0.44TIPT TiptreePairCorr
  0.43CB ChubbPairCorr
  0.37DB Deutsche Bank AGPairCorr

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   
AFG
+ 0.59
AIZ
AIZ
+ 0.35
MBI
AIZ
+ 0.3
AXS
AFG
+ 0.02
MBI
AXS
+ 0.0
AEL
MBI
+ 0.0
AEL
  
High negative correlations   
MBI
- 0.38
AXS
AFG
- 0.08
AXS
AFG
- 0.0
AEL
AIZ
- 0.0
AEL
MBI
- 0.0
AEL
AXS
- 0.0
AEL

Risk-Adjusted Indicators

There is a big difference between Assured Stock performing well and Assured Guaranty 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 Assured Guaranty'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.

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