Assurant Correlations

AIZ Stock

USD 186.28 1.57 0.85%

The current 90-days correlation between Assurant and Enact Holdings is 0.55 (i.e., Very weak diversification). The correlation of Assurant 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.

Assurant Correlation With Market

Poor diversification

The correlation between Assurant and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assurant and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Assurant Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Assurant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Assurant Stock please use our How to Invest in Assurant guide.

Moving together with Assurant Stock

0.86	CB	Chubb	Pair Corr
0.78	ALL	Allstate Earnings Call This Week	Pair Corr
0.65	CNA	CNA Financial Earnings Call This Week	Pair Corr
0.81	HCI	HCI Group	Pair Corr
0.76	HMN	Horace Mann Educators	Pair Corr
0.63	ORI	Old Republic Interna	Pair Corr
0.76	PGR	Progressive Corp	Pair Corr
0.64	RLI	RLI Corp	Pair Corr
0.75	THG	Hanover Insurance Earnings Call This Week	Pair Corr
0.74	TRV	The Travelers Companies	Pair Corr
0.75	UVE	Universal Insurance	Pair Corr
0.9	WRB	W R Berkley	Pair Corr
0.64	HRTG	Heritage Insurance Hldgs	Pair Corr
0.67	KMPR	Kemper	Pair Corr
0.88	PLMR	Palomar Holdings Earnings Call This Week	Pair Corr
0.88	SAFT	Safety Insurance Earnings Call This Week	Pair Corr

Moving against Assurant Stock

0.64	PRA	ProAssurance	Pair Corr
0.49	AII	American Integrity	Pair Corr
0.44	AFG	American Financial	Pair Corr
0.63	ALL-PI	Allstate Earnings Call This Week	Pair Corr
0.58	ALL-PH	Allstate Earnings Call This Week	Pair Corr
0.58	ALL-PJ	Allstate Earnings Call This Week	Pair Corr
0.42	SIGIP	Selective Insurance	Pair Corr
0.62	WRB-PH	WR Berkley	Pair Corr
0.6	WRB-PG	WR Berkley	Pair Corr
0.53	WRB-PE	W R Berkley	Pair Corr
0.45	WRB-PF	WR Berkley	Pair Corr

Related Correlations Analysis

	ACT	AGO	ALLE	AMP	AON	AVY	AXS	EG	NMIH	RDN
ACT		0.53	0.14	0.21	-0.11	-0.02	0.2	-0.06	0.54	0.68	ACT
AGO	0.53		-0.32	-0.5	-0.17	-0.63	0.14	0.48	-0.07	-0.03	AGO
ALLE	0.14	-0.32		0.67	0.0	0.5	-0.23	-0.49	0.27	0.42	ALLE
AMP	0.21	-0.5	0.67		0.05	0.8	0.22	-0.6	0.68	0.75	AMP
AON	-0.11	-0.17	0.0	0.05		0.09	0.41	0.31	0.08	-0.01	AON
AVY	-0.02	-0.63	0.5	0.8	0.09		0.13	-0.51	0.42	0.45	AVY
AXS	0.2	0.14	-0.23	0.22	0.41	0.13		0.0	0.64	0.44	AXS
EG	-0.06	0.48	-0.49	-0.6	0.31	-0.51	0.0		-0.49	-0.51	EG
NMIH	0.54	-0.07	0.27	0.68	0.08	0.42	0.64	-0.49		0.93	NMIH
RDN	0.68	-0.03	0.42	0.75	-0.01	0.45	0.44	-0.51	0.93		RDN
	ACT	AGO	ALLE	AMP	AON	AVY	AXS	EG	NMIH	RDN

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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

RDN	+ 0.93	NMIH
AVY	+ 0.8	AMP
RDN	+ 0.75	AMP
RDN	+ 0.68	ACT
NMIH	+ 0.68	AMP
AMP	+ 0.67	ALLE

High negative correlations

AVY	- 0.63	AGO
EG	- 0.6	AMP
RDN	- 0.51	EG
EG	- 0.51	AVY
AMP	- 0.5	AGO
NMIH	- 0.49	EG

Risk-Adjusted Indicators

There is a big difference between Assurant Stock performing well and Assurant 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 Assurant'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
ACT	1.08	(0.18)	(0.14)	0.00	1.41	(1.03)	2.13	(2.31)	5.34
AGO	0.83	(0.14)	(0.19)	(0.01)	1.07	(0.86)	1.56	(1.70)	5.58
ALLE	1.14	0.21	0.18	0.39	0.67	(1.29)	3.50	(2.07)	12.63
AMP	0.95	(0.10)	(0.02)	0.12	1.17	(1.02)	2.58	(1.84)	8.48
AON	1.06	(0.09)	(0.09)	0.04	1.86	(1.01)	1.87	(1.72)	8.08
AVY	1.12	0.16	(0.09)	(0.26)	1.14	(1.29)	2.22	(1.98)	9.09
AXS	1.10	(0.12)	(0.11)	0.03	1.53	(1.04)	2.43	(2.70)	6.89
EG	1.05	(0.25)	0.00	(0.09)	0.00	0.00	2.20	(2.01)	7.18
NMIH	1.21	(0.02)	(0.01)	0.18	1.56	(1.21)	2.52	(2.56)	12.06
RDN	1.08	(0.11)	(0.06)	0.10	1.35	(1.11)	2.39	(2.20)	7.42

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