AMERISAFE Correlations

AMSF Stock

USD 45.84 2.26 5.19%

The current 90-days correlation between AMERISAFE and Ambac Financial Group is 0.41 (i.e., Very weak diversification). The correlation of AMERISAFE 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.

AMERISAFE Correlation With Market

Very good diversification

The correlation between AMERISAFE and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMERISAFE and DJI in the same portfolio, assuming nothing else is changed.

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For more detail on how to invest in AMERISAFE Stock please use our How to Invest in AMERISAFE guide.

Moving together with AMERISAFE Stock

0.84	EIG	Employers Holdings Earnings Call This Week	Pair Corr
0.68	ITIC	Investors Title	Pair Corr

Moving against AMERISAFE Stock

0.79	HIPO	Hippo Holdings	Pair Corr
0.65	NMIH	NMI Holdings Earnings Call This Week	Pair Corr
0.57	JRVR	James River Group	Pair Corr
0.49	TRUP	Trupanion	Pair Corr
0.49	C	Citigroup Aggressive Push	Pair Corr
0.45	RDN	Radian Group Earnings Call This Week	Pair Corr
0.43	L	Loews Corp Earnings Call This Week	Pair Corr
0.42	AXS-PE	AXIS Capital Holdings Earnings Call This Week	Pair Corr
0.48	CM	Canadian Imperial Bank	Pair Corr
0.48	RF-PC	Regions Financial	Pair Corr
0.44	AX	Axos Financial Earnings Call This Week	Pair Corr
0.44	CG	Carlyle Group	Pair Corr
0.41	DHIL	Diamond Hill Investment	Pair Corr
0.41	DB	Deutsche Bank AG Buyout Trend	Pair Corr
0.41	RF-PE	Regions Financial	Pair Corr
0.37	MBIN	Merchants Bancorp Earnings Call This Week	Pair Corr
0.37	BN	Brookfield Corp	Pair Corr
0.36	MBWM	Mercantile Bank	Pair Corr
0.35	BK	Bank of New York	Pair Corr
0.33	MBCN	Middlefield Banc Downward Rally	Pair Corr
0.31	MCVT	Mill City Ventures	Pair Corr
0.31	BX	Blackstone Group	Pair Corr

Related Correlations Analysis

	AMBC	EIG	JRVR	AGO	ATNI	CHCO	BANR
AMBC		0.17	-0.28	0.03	0.21	0.27	-0.04	AMBC
EIG	0.17		-0.54	0.54	-0.7	-0.44	-0.33	EIG
JRVR	-0.28	-0.54		-0.63	0.03	0.18	0.04	JRVR
AGO	0.03	0.54	-0.63		-0.32	-0.39	-0.32	AGO
ATNI	0.21	-0.7	0.03	-0.32		0.6	0.54	ATNI
CHCO	0.27	-0.44	0.18	-0.39	0.6		0.79	CHCO
BANR	-0.04	-0.33	0.04	-0.32	0.54	0.79		BANR
	AMBC	EIG	JRVR	AGO	ATNI	CHCO	BANR

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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

BANR	+ 0.79	CHCO
CHCO	+ 0.6	ATNI
AGO	+ 0.54	EIG
BANR	+ 0.54	ATNI
CHCO	+ 0.27	AMBC
ATNI	+ 0.21	AMBC

High negative correlations

ATNI	- 0.7	EIG
AGO	- 0.63	JRVR
JRVR	- 0.54	EIG
CHCO	- 0.44	EIG
CHCO	- 0.39	AGO
BANR	- 0.33	EIG

Risk-Adjusted Indicators

There is a big difference between AMERISAFE Stock performing well and AMERISAFE 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 AMERISAFE'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
AMBC	2.50	0.68	0.00	(0.11)	4.11	(2.80)	4.08	(4.10)	29.37
EIG	0.98	(0.01)	0.00	0.27	0.00	0.00	2.21	(2.13)	5.14
JRVR	2.17	0.52	0.10	(1.20)	1.84	(2.68)	4.89	(3.33)	15.51
AGO	0.80	0.00	0.00	0.24	0.00	0.00	1.56	(1.70)	5.58
ATNI	2.17	(0.11)	(0.04)	0.11	3.51	(2.10)	4.44	(3.39)	18.81
CHCO	1.04	0.27	(0.04)	(0.47)	0.96	(1.22)	2.66	(1.65)	6.47
BANR	1.10	0.18	(0.13)	(0.12)	1.27	(1.29)	2.17	(2.07)	7.78

AMERISAFE Corporate Management

Kathryn Shirley	Sr. VP, General Counsel and Secretary	Profile
Michael Cobb	Senior Operations	Profile
Henry IV	Senior Operations	Profile
Mary Hamel	VP Sales	Profile
Raymond Wise	Executive Officer	Profile

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