American Financial Correlations
| AFG Stock | USD 128.39 0.12 0.09% |
The current 90-days correlation between American Financial and Selective Insurance Group is 0.64 (i.e., Poor 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
Very weak diversification
The correlation between American Financial Group and DJI is 0.52 (i.e., Very weak 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.
Moving against American Stock
| 0.65 | HIG | Hartford Financial | PairCorr |
| 0.63 | HCI | HCI Group | PairCorr |
| 0.51 | HMN | Horace Mann Educators | PairCorr |
| 0.37 | PGR | Progressive Corp | PairCorr |
| 0.36 | ALL | Allstate Earnings Call This Week | PairCorr |
| 0.35 | CB | Chubb | PairCorr |
| 0.32 | THG | Hanover Insurance Earnings Call This Week | PairCorr |
| 0.61 | HRTG | Heritage Insurance Hldgs | PairCorr |
| 0.57 | PLMR | Palomar Holdings Earnings Call This Week | PairCorr |
| 0.5 | UVE | Universal Insurance | PairCorr |
| 0.46 | WRB | W R Berkley | PairCorr |
| 0.43 | KMPR | Kemper | PairCorr |
| 0.36 | TRV | The Travelers Companies | PairCorr |
| 0.63 | SAFT | Safety Insurance Earnings Call This Week | PairCorr |
| 0.54 | SKWD | Skyward Specialty | PairCorr |
| 0.39 | DGICA | Donegal Group A | PairCorr |
| 0.38 | V | Visa Class A Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | 1.08 | (0.14) | (0.13) | 0.02 | 1.36 | 2.62 | 6.18 | |||
| HMN | 1.04 | 0.06 | (0.11) | (3.60) | 1.26 | 2.33 | 6.37 | |||
| KMPR | 1.27 | (0.08) | (0.04) | 0.13 | 1.39 | 2.76 | 7.48 | |||
| PRA | 0.25 | (0.01) | (0.49) | 0.17 | 0.22 | 0.61 | 3.21 | |||
| CNA | 0.92 | (0.26) | 0.00 | (0.13) | 0.00 | 1.90 | 5.09 | |||
| GBLI | 1.62 | 0.15 | (0.06) | (0.16) | 1.92 | 4.95 | 11.41 | |||
| ARGO-PA | 0.08 | 0.03 | (1.91) | 3.68 | 0.00 | 0.20 | 0.48 | |||
| CB | 0.98 | (0.21) | 0.00 | (0.13) | 0.00 | 1.72 | 7.09 | |||
| ALL | 1.17 | (0.16) | (0.11) | 0.03 | 1.45 | 2.33 | 6.76 |