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

  0.71HG Hamilton Insurance Group,PairCorr
  0.75GLRE Greenlight CapitalPairCorr
  0.91AHL-PD Aspen Insurance HoldingsPairCorr
  0.9AHL-PE Aspen Insurance HoldingsPairCorr
  0.86AHL-PF Aspen Insurance HoldingsPairCorr
  0.68DHIL Diamond Hill InvestmentPairCorr
  0.67CG Carlyle Group Normal TradingPairCorr

Moving against SiriusPoint Preferred Stock

  0.45EG Everest GroupPairCorr
  0.31FG FG Annuities LifePairCorr
  0.42PX P10 IncPairCorr
  0.38RM Regional Management Corp Normal TradingPairCorr

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   
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FIZZALNT
FIZZWDC
ABEVFIZZ
  
High negative correlations   
SNDLALNT
SNDLWDC
SNDLOTLY
SNDLFIZZ
SNDLEQTL
ABEVEQTL

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