SiriusPoint Correlations

SPNT-PB Preferred Stock

25.42 0.03 0.12%

The current 90-days correlation between SiriusPoint and Allient is 0.05 (i.e., Significant 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

Good diversification

The correlation between SiriusPoint and DJI is -0.01 (i.e., Good 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

0.71	HG	Hamilton Insurance Group,	Pair Corr
0.75	GLRE	Greenlight Capital	Pair Corr
0.91	AHL-PD	Aspen Insurance Holdings	Pair Corr
0.9	AHL-PE	Aspen Insurance Holdings	Pair Corr
0.86	AHL-PF	Aspen Insurance Holdings	Pair Corr
0.68	DHIL	Diamond Hill Investment	Pair Corr
0.67	CG	Carlyle Group Normal Trading	Pair Corr

Moving against SiriusPoint Preferred Stock

0.45	EG	Everest Group	Pair Corr
0.31	FG	FG Annuities Life	Pair Corr
0.42	PX	P10 Inc	Pair Corr
0.38	RM	Regional Management Corp Normal Trading	Pair Corr

Related Correlations Analysis

	ALNT	ABVG	WDC	OTLY	EQTL	FIZZ	ABEV	SNDL
ALNT		0.0	0.95	0.8	0.0	0.52	0.38	-0.71	ALNT
ABVG	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ABVG
WDC	0.95	0.0		0.89	0.0	0.49	0.4	-0.65	WDC
OTLY	0.8	0.0	0.89		0.0	0.41	0.31	-0.51	OTLY
EQTL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	EQTL
FIZZ	0.52	0.0	0.49	0.41	0.0		0.48	-0.17	FIZZ
ABEV	0.38	0.0	0.4	0.31	0.0	0.48		0.01	ABEV
SNDL	-0.71	0.0	-0.65	-0.51	0.0	-0.17	0.01		SNDL
	ALNT	ABVG	WDC	OTLY	EQTL	FIZZ	ABEV	SNDL

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

WDC	+ 0.95	ALNT
OTLY	+ 0.89	WDC
OTLY	+ 0.8	ALNT
FIZZ	+ 0.52	ALNT
FIZZ	+ 0.49	WDC
ABEV	+ 0.48	FIZZ

High negative correlations

SNDL	- 0.71	ALNT
SNDL	- 0.65	WDC
SNDL	- 0.51	OTLY
SNDL	- 0.17	FIZZ
SNDL	- 0.0	EQTL
ABEV	- 0.0	EQTL

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ALNT	2.39	0.80	0.34	0.85	1.78	(2.92)	5.03	(3.08)	24.56
ABVG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WDC	2.11	0.59	0.12	0.40	3.75	(2.18)	5.59	(2.26)	18.97
OTLY	2.78	0.39	0.10	0.81	3.06	(2.88)	7.53	(4.51)	18.70
EQTL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIZZ	1.25	0.12	0.05	0.49	1.24	(1.43)	3.09	(2.27)	7.51
ABEV	1.25	0.01	(0.01)	0.10	1.62	(1.39)	2.56	(3.24)	10.38
SNDL	2.01	(0.10)	0.00	(0.04)	0.00	0.00	4.23	(3.76)	14.82

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.

Did you try this?

Run Fundamentals Comparison Now

Fundamentals Comparison

Compare fundamentals across multiple equities to find investing opportunities

All Next

Launch Module

SiriusPoint Corporate Management

Rachael JD	Chief Officer	Profile
Steve Yendall	Chief Officer	Profile
Darryl Siry	Chief Officer	Profile
Monica Manhem	Pres Reinsurance	Profile
MBA ACMA	CEO Director	Profile
Ming Zhang	Chief Officer	Profile
Anthony LeHan	VP Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC