Argo Group Correlations
ARGD Stock | USD 25.30 0.01 0.04% |
The current 90-days correlation between Argo Group 65 and Brighthouse Financial is 0.06 (i.e., Significant diversification). The correlation of Argo Group 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.
Argo Group Correlation With Market
Significant diversification
The correlation between Argo Group 65 and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Argo Group 65 and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Argo Stock
0.66 | RCC | Small Cap Premium | PairCorr |
0.72 | E | Eni SpA ADR | PairCorr |
0.63 | DINO | HF Sinclair Corp | PairCorr |
0.81 | BP | BP PLC ADR | PairCorr |
0.73 | VTOL | Bristow Group | PairCorr |
0.8 | EFXT | Enerflex | PairCorr |
0.61 | WFRD | Weatherford International | PairCorr |
0.75 | IMPPP | Imperial Petroleum | PairCorr |
Moving against Argo Stock
0.75 | EE | Excelerate Energy | PairCorr |
0.73 | AR | Antero Resources Corp Downward Rally | PairCorr |
0.34 | ET | Energy Transfer LP | PairCorr |
0.31 | AM | Antero Midstream Partners | PairCorr |
0.78 | VIST | Vista Oil Gas | PairCorr |
0.72 | DMLP | Dorchester Minerals | PairCorr |
0.68 | EPSN | Epsilon Energy | PairCorr |
0.58 | ANNAW | AleAnna, Warrant | PairCorr |
0.53 | VNOM | Viper Energy Ut | PairCorr |
0.48 | EONR | EON Resources Symbol Change | PairCorr |
0.42 | DLNG | Dynagas LNG Partners | PairCorr |
0.67 | BSM | Black Stone Minerals | PairCorr |
0.54 | CNX | CNX Resources Corp Potential Growth | PairCorr |
0.5 | CQP | Cheniere Energy Partners | PairCorr |
0.43 | BKV | BKV Corporation | PairCorr |
Related Correlations Analysis
-0.77 | -0.74 | -0.7 | -0.8 | BHFAL | ||
-0.77 | 0.75 | 0.75 | 0.8 | AFGB | ||
-0.74 | 0.75 | 0.93 | 0.61 | CMSC | ||
-0.7 | 0.75 | 0.93 | 0.61 | AEFC | ||
-0.8 | 0.8 | 0.61 | 0.61 | RZB | ||
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Argo Stock performing well and Argo Group 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 Argo Group'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BHFAL | 0.76 | (0.11) | 0.00 | (0.24) | 0.00 | 1.64 | 4.17 | |||
AFGB | 0.39 | 0.04 | (0.03) | 0.22 | 0.39 | 0.88 | 2.35 | |||
CMSC | 0.31 | 0.06 | (0.03) | 0.35 | 0.08 | 0.87 | 1.85 | |||
AEFC | 0.48 | 0.01 | (0.07) | 0.12 | 0.57 | 1.13 | 3.09 | |||
RZB | 0.17 | 0.01 | (0.49) | (0.05) | 0.11 | 0.40 | 1.01 |