Assured Guaranty Correlations
| DHU Stock | EUR 68.50 3.00 4.20% |
The current 90-days correlation between Assured Guaranty and Mapfre SA is -0.07 (i.e., Good diversification). The correlation of Assured Guaranty 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.
Assured Guaranty Correlation With Market
Good diversification
The correlation between Assured Guaranty and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assured Guaranty and DJI in the same portfolio, assuming nothing else is changed.
Assured |
The ability to find closely correlated positions to Assured Guaranty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Assured Guaranty 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 Assured Guaranty - 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 Assured Guaranty to buy it.
Moving together with Assured Stock
Moving against Assured Stock
| 0.72 | 2WGA | WOORI FIN GRP Earnings Call This Week | PairCorr |
| 0.69 | C6TB | CHINA BANK ADR20 | PairCorr |
| 0.61 | SSU | Samsung Electronics | PairCorr |
| 0.6 | ICK | Industrial and Commercial | PairCorr |
| 0.57 | PKX | POSCO Holdings | PairCorr |
| 0.56 | 5EE | MEBUKI FINANCIAL | PairCorr |
| 0.54 | QPA1 | Trisura Group | PairCorr |
| 0.4 | TPW | Trupanion | PairCorr |
| 0.38 | CMAB | Mapfre SA Earnings Call This Week | PairCorr |
| 0.77 | JOT | ELEKTROBIT | PairCorr |
| 0.62 | FA2 | FORWARD AIR P | PairCorr |
| 0.61 | ICKB | INDCOMMBK CHINA ADR20 | PairCorr |
| 0.6 | F1YN | Lundin Gold | PairCorr |
| 0.47 | 1W3 | WSP Global | PairCorr |
| 0.47 | KOM1 | Komatsu | PairCorr |
| 0.4 | HEI | Heidelberg Materials | PairCorr |
| 0.34 | AG8 | AGILENT TECH | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Assured Stock performing well and Assured Guaranty 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 Assured Guaranty'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CMAB | 1.22 | 0.30 | 0.21 | 0.68 | 0.76 | 2.57 | 12.44 | |||
| Y1F | 1.43 | (0.13) | 0.00 | (8.08) | 0.00 | 2.94 | 10.62 | |||
| MGC | 1.43 | 0.05 | (0.05) | (0.19) | 1.66 | 2.83 | 9.06 | |||
| DHU | 1.49 | (0.02) | 0.00 | 0.20 | 0.00 | 3.25 | 11.10 | |||
| RAG | 1.41 | 0.07 | (0.06) | (0.10) | 1.45 | 2.82 | 8.64 | |||
| 3GU | 2.02 | 0.05 | (0.02) | 0.38 | 2.63 | 7.34 | 15.22 | |||
| TPW | 2.35 | 0.61 | 0.19 | (1.81) | 1.93 | 5.48 | 27.71 | |||
| LNH | 1.19 | 0.16 | 0.02 | (3.15) | 1.27 | 3.14 | 6.51 | |||
| QPA1 | 1.02 | 0.43 | 0.20 | (1.47) | 0.67 | 2.86 | 6.81 | |||
| YGB | 1.16 | (0.03) | 0.00 | 0.26 | 0.00 | 2.35 | 6.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Assured Guaranty 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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Assured Guaranty Corporate Management
Elected by the shareholders, the Assured Guaranty's board of directors comprises two types of representatives: Assured Guaranty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Assured. The board's role is to monitor Assured Guaranty's management team and ensure that shareholders' interests are well served. Assured Guaranty'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, Assured Guaranty's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Robert Tucker | Sr Communications | Profile | |
| Christopher Gibbons | CTO Technology | Profile | |
| Russell II | Advisor | Profile | |
| Dominic Frederico | Pres Chairman | Profile | |
| Gon Chow | G Sec | Profile | |
| David Buzen | Chief Management | Profile | |
| Howard Albert | Chief Officer | Profile |