Assurant Correlations
| AIZN Stock | USD 20.97 0.13 0.62% |
The correlation of Assurant 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Assurant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Assurant moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Assurant and NYA 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 Assurant and NYA in the same portfolio, assuming nothing else is changed.
Assurant |
The ability to find closely correlated positions to Assurant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Assurant 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 Assurant - 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 Assurant to buy it.
Moving together with Assurant Stock
| 0.75 | AFGE | American Financial | PairCorr |
| 0.68 | FCRX | First Eagle Alternative | PairCorr |
| 0.81 | FIS | Fidelity National Earnings Call This Week | PairCorr |
Moving against Assurant Stock
| 0.64 | TENKR | TenX Keane Acquisition | PairCorr |
| 0.6 | CETUR | Cetus Capital Acquisition | PairCorr |
| 0.58 | STARHEALTH | Star Health | PairCorr |
| 0.57 | BNIXR | Bannix Acquisition Corp | PairCorr |
| 0.55 | GDSTR | Goldenstone Acquisition | PairCorr |
| 0.51 | DISTR | Distoken Acquisition | PairCorr |
| 0.48 | OSCR | Oscar Health Financial Report 14th of May 2024 | PairCorr |
| 0.46 | EVTC | Evertec | PairCorr |
Related Correlations Analysis
| 0.19 | 0.89 | 0.78 | 0.86 | AFGD | ||
| 0.19 | 0.51 | 0.46 | 0.39 | AEFC | ||
| 0.89 | 0.51 | 0.87 | 0.89 | AFGC | ||
| 0.78 | 0.46 | 0.87 | 0.85 | AFGB | ||
| 0.86 | 0.39 | 0.89 | 0.85 | AFGE | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Assurant Stock performing well and Assurant 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 Assurant'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AFGD | 0.74 | (0.09) | 0.00 | (0.11) | 0.00 | 1.13 | 5.51 | |||
| AEFC | 0.66 | (0.10) | 0.00 | (0.10) | 0.00 | 1.16 | 4.40 | |||
| AFGC | 0.91 | (0.17) | 0.00 | (0.15) | 0.00 | 1.69 | 5.29 | |||
| AFGB | 0.69 | (0.10) | 0.00 | (1.15) | 0.00 | 1.06 | 3.84 | |||
| AFGE | 1.00 | (0.09) | 0.00 | (0.49) | 0.00 | 1.79 | 8.99 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Assurant 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.Did you try this?
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Assurant Corporate Management
Elected by the shareholders, the Assurant's board of directors comprises two types of representatives: Assurant inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Assurant. The board's role is to monitor Assurant's management team and ensure that shareholders' interests are well served. Assurant's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Assurant's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Manny Becerra | Chief Innovation Officer | Profile | |
| Robert Stein | Independent Director | Profile | |
| JeanPaul Montupet | Independent Director | Profile | |
| Biju Nair | President - Global Connected Living Business | Profile | |
| Federico Bunge | President - Assurant Latin America | Profile |
Already Invested in Assurant?
The danger of trading Assurant is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Assurant is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Assurant. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Assurant is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Assurant offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Assurant's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Assurant Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Assurant Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Assurant. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Assurant Stock, please use our How to Invest in Assurant guide.Note that the Assurant information on this page should be used as a complementary analysis to other Assurant's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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When running Assurant's price analysis, check to measure Assurant's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Assurant is operating at the current time. Most of Assurant's value examination focuses on studying past and present price action to predict the probability of Assurant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Assurant's price. Additionally, you may evaluate how the addition of Assurant to your portfolios can decrease your overall portfolio volatility.
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Is Assurant's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Assurant. If investors know Assurant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Assurant listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Equity 0.0746 |
The market value of Assurant is measured differently than its book value, which is the value of Assurant that is recorded on the company's balance sheet. Investors also form their own opinion of Assurant's value that differs from its market value or its book value, called intrinsic value, which is Assurant's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Assurant's market value can be influenced by many factors that don't directly affect Assurant's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Assurant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Assurant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Assurant's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.