American Financial Correlations

AFG Stock

USD 128.54 0.00 0.00%

The current 90-days correlation between American Financial and Selective Insurance Group is -0.23 (i.e., Very good diversification). The correlation of American Financial 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.

American Financial Correlation With Market

Good diversification

The correlation between American Financial Group and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Financial Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with American Stock

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

Moving against American Stock

0.66	HCI	HCI Group	Pair Corr
0.57	HMN	Horace Mann Educators	Pair Corr
0.38	ALL	Allstate Earnings Call This Week	Pair Corr
0.38	THG	Hanover Insurance	Pair Corr
0.65	HRTG	Heritage Insurance Hldgs	Pair Corr
0.53	UVE	Universal Insurance Earnings Call Tomorrow	Pair Corr
0.48	KMPR	Kemper	Pair Corr
0.44	WRB	W R Berkley	Pair Corr
0.43	TRV	The Travelers Companies	Pair Corr
0.57	PLMR	Palomar Holdings	Pair Corr
0.53	SKWD	Skyward Specialty	Pair Corr
0.53	UFCS	United Fire Group	Pair Corr
0.52	SAFT	Safety Insurance	Pair Corr
0.46	CINF	Cincinnati Financial Earnings Call Tomorrow	Pair Corr
0.38	DGICA	Donegal Group A Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	SIGI	HMN	KMPR	PRA	CNA	RLI	GBLI	ARGO-PA	CB	ALL
SIGI		-0.19	-0.37	0.08	0.42	0.44	-0.58	-0.46	0.13	0.09	SIGI
HMN	-0.19		0.73	-0.27	0.17	-0.03	0.37	0.3	0.54	0.66	HMN
KMPR	-0.37	0.73		-0.08	-0.04	-0.26	0.49	0.59	0.41	0.6	KMPR
PRA	0.08	-0.27	-0.08		-0.55	-0.44	0.05	0.47	-0.51	-0.23	PRA
CNA	0.42	0.17	-0.04	-0.55		0.82	-0.56	-0.78	0.7	0.56	CNA
RLI	0.44	-0.03	-0.26	-0.44	0.82		-0.44	-0.76	0.66	0.43	RLI
GBLI	-0.58	0.37	0.49	0.05	-0.56	-0.44		0.71	-0.07	-0.06	GBLI
ARGO-PA	-0.46	0.3	0.59	0.47	-0.78	-0.76	0.71		-0.24	-0.03	ARGO-PA
CB	0.13	0.54	0.41	-0.51	0.7	0.66	-0.07	-0.24		0.85	CB
ALL	0.09	0.66	0.6	-0.23	0.56	0.43	-0.06	-0.03	0.85		ALL
	SIGI	HMN	KMPR	PRA	CNA	RLI	GBLI	ARGO-PA	CB	ALL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ALL	+ 0.85	CB
RLI	+ 0.82	CNA
KMPR	+ 0.73	HMN
ARGO-PA	+ 0.71	GBLI
CB	+ 0.7	CNA
ALL	+ 0.66	HMN

High negative correlations

ARGO-PA	- 0.78	CNA
ARGO-PA	- 0.76	RLI
GBLI	- 0.58	SIGI
GBLI	- 0.56	CNA
CNA	- 0.55	PRA
CB	- 0.51	PRA

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Financial 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 American Financial'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
SIGI	1.05	(0.08)	(0.09)	0.02	1.38	(1.01)	1.94	(2.09)	6.18
HMN	1.03	(0.11)	(0.09)	0.02	1.26	(1.03)	2.33	(1.98)	6.37
KMPR	1.29	0.10	(0.02)	5.17	1.46	(1.37)	2.76	(2.80)	7.48
PRA	0.25	0.01	(0.29)	0.17	0.23	(0.37)	0.61	(0.48)	2.96
CNA	0.89	(0.12)	0.00	5.21	0.00	0.00	1.63	(1.90)	5.09
RLI	1.00	(0.14)	0.00	1.51	0.00	0.00	1.80	(2.77)	7.35
GBLI	1.53	0.11	(0.01)	0.93	1.78	(2.23)	4.95	(4.24)	11.41
ARGO-PA	0.08	0.03	(1.15)	3.89	0.00	(0.12)	0.20	(0.12)	0.48
CB	0.93	(0.07)	0.00	15.10	0.00	0.00	1.61	(1.61)	7.09
ALL	1.13	0.01	(0.09)	0.04	1.49	(1.14)	2.11	(2.61)	6.76

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC