American International Correlations
| AIG Stock | USD 83.18 0.82 1.00% |
The current 90-days correlation between American International and Barrick Mining is 0.36 (i.e., Weak diversification). The correlation of American International 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 International Correlation With Market
Poor diversification
The correlation between American International Group and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American International Group and DJI in the same portfolio, assuming nothing else is changed.
Moving together with American Stock
| 0.71 | AEG | Aegon NV ADR | PairCorr |
| 0.65 | BNT | Brookfield Wealth Symbol Change | PairCorr |
| 0.67 | SLF | Sun Life Financial | PairCorr |
| 0.7 | WDH | Waterdrop ADR | PairCorr |
| 0.71 | ATH-PD | Athene Holding | PairCorr |
| 0.74 | ATH-PE | Athene Holding | PairCorr |
| 0.65 | ATH-PA | Athene Holding | PairCorr |
| 0.69 | ATH-PB | Athene Holding | PairCorr |
| 0.68 | C | Citigroup Aggressive Push | PairCorr |
| 0.87 | L | Loews Corp | PairCorr |
| 0.66 | V | Visa Class A | PairCorr |
| 0.65 | DHIL | Diamond Hill Investment | PairCorr |
| 0.77 | AC | Associated Capital | PairCorr |
| 0.7 | BK | Bank of New York | PairCorr |
| 0.65 | BN | Brookfield Corp | PairCorr |
| 0.64 | BX | Blackstone Group | PairCorr |
| 0.71 | CB | Chubb | PairCorr |
| 0.69 | CG | Carlyle Group Normal Trading | PairCorr |
Related Correlations Analysis
| 0.89 | 0.93 | 0.31 | 0.57 | 0.88 | HDSN | ||
| 0.89 | 0.85 | 0.21 | 0.53 | 0.88 | RDCM | ||
| 0.93 | 0.85 | 0.49 | 0.53 | 0.86 | ACLS | ||
| 0.31 | 0.21 | 0.49 | 0.13 | 0.25 | B | ||
| 0.57 | 0.53 | 0.53 | 0.13 | 0.62 | ZEUS | ||
| 0.88 | 0.88 | 0.86 | 0.25 | 0.62 | SCL | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between American Stock performing well and American International 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 International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HDSN | 2.52 | 0.39 | 0.16 | 0.43 | 2.31 | 8.29 | 20.60 | |||
| RDCM | 2.28 | 0.22 | 0.07 | 0.36 | 2.49 | 5.42 | 12.44 | |||
| ACLS | 2.90 | 0.48 | 0.14 | 0.37 | 3.56 | 6.46 | 22.10 | |||
| B | 1.91 | 0.15 | 0.03 | 0.52 | 2.56 | 3.41 | 13.64 | |||
| ZEUS | 2.00 | 0.07 | 0.03 | 0.16 | 2.79 | 5.53 | 14.85 | |||
| SCL | 1.92 | 0.02 | 0.02 | 0.12 | 2.30 | 4.80 | 14.04 |