SiriusPoint Correlations

SPNT-PB Preferred Stock   25.58  0.04  0.16%   
The current 90-days correlation between SiriusPoint and Siriuspoint is 0.15 (i.e., Average diversification). The correlation of SiriusPoint 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.

SiriusPoint Correlation With Market

Modest diversification

The correlation between SiriusPoint and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SiriusPoint and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SiriusPoint could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SiriusPoint 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 SiriusPoint - 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 SiriusPoint to buy it.

Moving together with SiriusPoint Preferred Stock

  0.82HG Hamilton Insurance Group,PairCorr
  0.92AHL-PD Aspen Insurance HoldingsPairCorr
  0.93AHL-PE Aspen Insurance HoldingsPairCorr
  0.82AHL-PF Aspen Insurance HoldingsPairCorr
  0.73OXBR Oxbridge Re HoldingsPairCorr
  0.71RNR-PG RenaissanceRe Holdings Earnings Call This WeekPairCorr
  0.65RNR-PF RenaissanceRe Holdings Earnings Call This WeekPairCorr
  0.71SPNT SiriuspointPairCorr
  0.95C Citigroup Aggressive PushPairCorr
  0.89L Loews CorpPairCorr
  0.9DHIL Diamond Hill InvestmentPairCorr
  0.71DIST Distoken AcquisitionPairCorr
  0.77AB AllianceBernstein Earnings Call This WeekPairCorr
  0.85AC Associated CapitalPairCorr
  0.92AX Axos FinancialPairCorr
  0.97BK Bank of New YorkPairCorr
  0.94BN Brookfield CorpPairCorr
  0.82BX Blackstone Group Normal TradingPairCorr
  0.72BY Byline Bancorp Earnings Call This WeekPairCorr
  0.94CG Carlyle Group Earnings Call This WeekPairCorr
  0.98CM Canadian Imperial BankPairCorr
  0.96DB Deutsche Bank AG Earnings Call This WeekPairCorr
  0.94GS Goldman Sachs GroupPairCorr
  0.92IX Orix Corp AdsPairCorr
  0.96KB KB Financial Group Earnings Call TomorrowPairCorr
  0.77LC LendingClub CorpPairCorr

Moving against SiriusPoint Preferred Stock

  0.67EG Everest GroupPairCorr
  0.68FG FG Annuities LifePairCorr
  0.4LX Lexinfintech HoldingsPairCorr

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   
HGSPNT
NYMTMARGO-PA
RGASPNT
ARGO-PAHG
HGRGA
NYMTMRLJ-PA
  
High negative correlations   
ARGO-PAEG
NYMTMEG
EGSPNT
HGEG
EGRNR-PF
RLJ-PAEG

Risk-Adjusted Indicators

There is a big difference between SiriusPoint Preferred Stock performing well and SiriusPoint 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 SiriusPoint'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in SiriusPoint 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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SiriusPoint Corporate Management

Rachael JDChief OfficerProfile
Steve YendallChief OfficerProfile
Darryl SiryChief OfficerProfile
Monica ManhemPres ReinsuranceProfile
MBA ACMACEO DirectorProfile
Ming ZhangChief OfficerProfile
Anthony LeHanVP OfficerProfile