Athene Holding Correlations

ATH-PE Preferred Stock

26.04 0.09 0.34%

The current 90-days correlation between Athene Holding and Ryman Hospitality Properties is 0.19 (i.e., Average diversification). The correlation of Athene Holding 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.

Athene Holding Correlation With Market

Modest diversification

The correlation between Athene Holding and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Athene Holding and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Athene Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Athene Holding 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 Athene Holding - 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 Athene Holding to buy it.

Moving together with Athene Preferred Stock

0.79	ESGR	Enstar Group Limited	Pair Corr
0.79	AEG	Aegon NV ADR	Pair Corr
0.79	BNT	Brookfield Wealth Symbol Change	Pair Corr
0.65	SLF	Sun Life Financial	Pair Corr
0.73	HIG-PG	The Hartford Financial Earnings Call This Week	Pair Corr
0.7	ACGLO	Arch Capital Group	Pair Corr
0.72	FGFPP	Fundamental Global	Pair Corr
0.84	ATH-PD	Athene Holding	Pair Corr
0.91	ATH-PA	Athene Holding	Pair Corr
0.91	ATH-PB	Athene Holding	Pair Corr
0.87	ATH-PC	Athene Holding	Pair Corr
0.75	EQH-PC	Equitable Holdings	Pair Corr
0.79	EQH-PA	Equitable Holdings	Pair Corr
0.87	C	Citigroup Aggressive Push	Pair Corr
0.78	L	Loews Corp	Pair Corr
0.81	DHIL	Diamond Hill Investment	Pair Corr
0.75	DIST	Distoken Acquisition	Pair Corr
0.65	AC	Associated Capital	Pair Corr
0.82	AX	Axos Financial	Pair Corr
0.78	BK	Bank of New York	Pair Corr
0.8	BN	Brookfield Corp	Pair Corr
0.71	BX	Blackstone Group Normal Trading	Pair Corr
0.85	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.88	CM	Canadian Imperial Bank	Pair Corr
0.8	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr

Moving against Athene Preferred Stock

0.57	ACGL	Arch Capital Group	Pair Corr
0.34	CB	Chubb Earnings Call This Week	Pair Corr
0.58	EG	Everest Group	Pair Corr
0.54	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	RHP	BJRI	MLCO	TH	RLJ-PA	KRUS	DRH-PA	SHAK
RHP		0.83	0.87	0.78	0.7	0.77	0.8	0.92	RHP
BJRI	0.83		0.59	0.55	0.58	0.78	0.63	0.9	BJRI
MLCO	0.87	0.59		0.83	0.63	0.72	0.81	0.84	MLCO
TH	0.78	0.55	0.83		0.59	0.44	0.67	0.73	TH
RLJ-PA	0.7	0.58	0.63	0.59		0.57	0.72	0.68	RLJ-PA
KRUS	0.77	0.78	0.72	0.44	0.57		0.7	0.87	KRUS
DRH-PA	0.8	0.63	0.81	0.67	0.72	0.7		0.81	DRH-PA
SHAK	0.92	0.9	0.84	0.73	0.68	0.87	0.81		SHAK
	RHP	BJRI	MLCO	TH	RLJ-PA	KRUS	DRH-PA	SHAK

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Risk-Adjusted Indicators

There is a big difference between Athene Preferred Stock performing well and Athene Holding 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 Athene Holding'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
RHP	1.24	0.12	0.11	0.24	1.04	(1.54)	2.90	(2.08)	9.52
BJRI	1.80	0.35	0.09	(1.92)	1.78	(1.96)	4.56	(3.38)	17.68
MLCO	1.96	0.77	0.41	0.72	1.24	(2.48)	5.07	(2.79)	12.73
TH	1.67	0.14	0.04	0.33	1.89	(1.94)	4.25	(3.03)	12.51
RLJ-PA	0.47	0.05	(0.04)	0.32	0.66	(0.47)	0.96	(1.08)	4.47
KRUS	2.54	0.56	0.17	0.67	2.90	(2.86)	5.73	(4.12)	21.00
DRH-PA	0.37	0.09	(0.07)	(1.53)	0.45	(0.39)	0.78	(1.05)	3.20
SHAK	1.71	0.58	0.39	0.56	1.08	(2.12)	3.49	(2.56)	11.41

Be your own money manager

Our tools can tell you how much better you can do entering a position in Athene Holding 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.

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