Acadian Asset Correlations
| AAMI Stock | 44.22 0.42 0.94% |
The correlation of Acadian Asset 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.
Acadian Asset Correlation With Market
Average diversification
The correlation between Acadian Asset Management and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acadian Asset Management and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Acadian Stock
| 0.7 | TY | Tri Continental Closed | PairCorr |
| 0.77 | ECAT | BlackRock ESG Capital | PairCorr |
| 0.72 | ETX | Eaton Vance Municipal | PairCorr |
| 0.89 | MBI | MBIA Inc | PairCorr |
| 0.7 | ACSAY | ACS Actividades De | PairCorr |
| 0.64 | DSVSF | Discovery Metals Corp | PairCorr |
| 0.74 | SSL | Sasol | PairCorr |
Moving against Acadian Stock
| 0.73 | HRZN | Horizon Technology | PairCorr |
| 0.69 | NCPL | Netcapital | PairCorr |
| 0.64 | LNDNF | Lundin Energy AB | PairCorr |
| 0.37 | ARCC | Ares Capital | PairCorr |
| 0.32 | VRTS | Virtus Investment Downward Rally | PairCorr |
| 0.42 | JBSAY | JBS SA | PairCorr |
| 0.5 | WSNAF | Wesana Health Holdings | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.81 | 0.0 | -0.04 | CWGL | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | CCHMF | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | ASNHF | ||
| 0.81 | 0.0 | 0.0 | 0.0 | 0.17 | AAMCF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GRMHF | ||
| -0.04 | 0.0 | 0.0 | 0.17 | 0.0 | IPM | ||
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
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Risk-Adjusted Indicators
There is a big difference between Acadian Stock performing well and Acadian Asset 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 Acadian Asset'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CWGL | 1.02 | (0.17) | 0.00 | 1.46 | 0.00 | 2.32 | 6.73 | |||
| CCHMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ASNHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AAMCF | 1.08 | (0.41) | 0.00 | (4.56) | 0.00 | 2.27 | 24.49 | |||
| GRMHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IPM | 2.37 | 0.14 | 0.04 | 0.34 | 2.57 | 4.71 | 32.63 |
Acadian Asset Corporate Management
| Scott Hynes | Principal VP | Profile | |
| Trevedi Tewari | Head Ireland | Profile | |
| Olivier CFA | Head Business | Profile | |
| Robert Campbell | Head Technology | Profile | |
| Steve Coyle | Senior Retirement | Profile | |
| Kelly CFA | Acadian Officer | Profile |