SiriusPoint Correlations

SPNT-PB Preferred Stock

25.60 0.03 0.12%

The current 90-days correlation between SiriusPoint and Siriuspoint is 0.12 (i.e., Average diversification). The correlation of SiriusPoint 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.

SiriusPoint Correlation With Market

Significant diversification

The correlation between SiriusPoint and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SiriusPoint and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SiriusPoint Preferred Stock

0.87	AHL-PD	Aspen Insurance Holdings	Pair Corr
0.83	AHL-PE	Aspen Insurance Holdings	Pair Corr
0.68	AHL-PF	Aspen Insurance Holdings	Pair Corr
0.73	OXBR	Oxbridge Re Holdings	Pair Corr
0.66	RNR-PG	RenaissanceRe Holdings	Pair Corr
0.63	RNR-PF	RenaissanceRe Holdings	Pair Corr
0.61	DIST	Distoken Acquisition	Pair Corr
0.61	CG	Carlyle Group Earnings Call Tomorrow	Pair Corr

Moving against SiriusPoint Preferred Stock

0.52	EG	Everest Group Earnings Call This Week	Pair Corr
0.47	FG	FG Annuities Life	Pair Corr
0.32	CB	Chubb	Pair Corr
0.72	LX	Lexinfintech Holdings Sell-off Trend	Pair Corr
0.49	LU	Lufax Holding	Pair Corr

Related Correlations Analysis

	SPNT	RNR-PF	EG	RGA	HG	RLJ-PA	ARGO-PA	NYMTM
SPNT		-0.19	-0.48	0.62	0.89	-0.15	0.09	-0.05	SPNT
RNR-PF	-0.19		-0.2	-0.4	0.0	0.58	0.68	0.66	RNR-PF
EG	-0.48	-0.2		0.0	-0.44	-0.09	-0.42	-0.41	EG
RGA	0.62	-0.4	0.0		0.57	-0.02	-0.13	-0.13	RGA
HG	0.89	0.0	-0.44	0.57		0.12	0.32	0.09	HG
RLJ-PA	-0.15	0.58	-0.09	-0.02	0.12		0.54	0.39	RLJ-PA
ARGO-PA	0.09	0.68	-0.42	-0.13	0.32	0.54		0.65	ARGO-PA
NYMTM	-0.05	0.66	-0.41	-0.13	0.09	0.39	0.65		NYMTM
	SPNT	RNR-PF	EG	RGA	HG	RLJ-PA	ARGO-PA	NYMTM

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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

HG	+ 0.89	SPNT
ARGO-PA	+ 0.68	RNR-PF
NYMTM	+ 0.66	RNR-PF
NYMTM	+ 0.65	ARGO-PA
RGA	+ 0.62	SPNT
RLJ-PA	+ 0.58	RNR-PF

High negative correlations

EG	- 0.48	SPNT
HG	- 0.44	EG
ARGO-PA	- 0.42	EG
NYMTM	- 0.41	EG
RGA	- 0.4	RNR-PF
EG	- 0.2	RNR-PF

Risk-Adjusted Indicators

There is a big difference between SiriusPoint Preferred Stock performing well and SiriusPoint 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 SiriusPoint'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
SPNT	1.48	0.14	0.07	0.34	1.28	(1.85)	3.13	(2.30)	11.29
RNR-PF	0.44	0.01	(0.22)	0.21	0.47	(0.49)	0.80	(0.87)	2.59
EG	1.11	(0.18)	0.00	(0.04)	0.00	0.00	2.33	(2.01)	10.15
RGA	1.19	(0.06)	(0.08)	0.09	1.32	(1.23)	2.07	(1.97)	8.14
HG	1.41	0.12	0.05	0.31	1.49	(1.58)	3.19	(2.57)	10.14
RLJ-PA	0.46	0.06	(0.12)	(1.89)	0.76	(0.44)	0.83	(1.08)	3.38
ARGO-PA	0.08	0.03	(1.51)	8.38	0.00	(0.12)	0.20	(0.12)	0.48
NYMTM	0.32	0.08	(0.15)	0.81	0.14	(0.40)	0.93	(0.62)	2.86

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