American International Correlations

AIG Stock

USD 77.14 0.84 1.10%

The current 90-days correlation between American International and Arch Capital Group is 0.51 (i.e., Very weak diversification). The correlation of American International 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.

American International Correlation With Market

Very weak diversification

The correlation between American International Group and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American International Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American International Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with American Stock

0.69	ESGR	Enstar Group Limited	Pair Corr
0.69	EQH	Axa Equitable Holdings	Pair Corr
0.75	AB	AllianceBernstein	Pair Corr
0.74	AC	Associated Capital	Pair Corr
0.66	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.7	CG	Carlyle Group	Pair Corr

Moving against American Stock

0.52	EQH-PC	Equitable Holdings	Pair Corr
0.4	ACGL	Arch Capital Group	Pair Corr
0.37	EQH-PA	Equitable Holdings	Pair Corr
0.64	IX	Orix Corp Ads	Pair Corr
0.4	PT	Pintec Technology	Pair Corr

Related Correlations Analysis

	EQH	ACGL	ORI	SLF	HIG	GSHD	ARZGY	IGIC	BRK-A	AXAHY
EQH		-0.74	0.73	0.73	0.26	0.89	-0.09	0.85	0.46	-0.51	EQH
ACGL	-0.74		-0.4	-0.45	0.15	-0.8	0.35	-0.76	-0.08	0.41	ACGL
ORI	0.73	-0.4		0.86	0.51	0.79	0.08	0.82	0.77	-0.06	ORI
SLF	0.73	-0.45	0.86		0.46	0.79	0.14	0.82	0.45	-0.23	SLF
HIG	0.26	0.15	0.51	0.46		0.22	0.43	0.19	0.48	-0.06	HIG
GSHD	0.89	-0.8	0.79	0.79	0.22		-0.1	0.97	0.44	-0.32	GSHD
ARZGY	-0.09	0.35	0.08	0.14	0.43	-0.1		-0.14	-0.04	0.15	ARZGY
IGIC	0.85	-0.76	0.82	0.82	0.19	0.97	-0.14		0.48	-0.26	IGIC
BRK-A	0.46	-0.08	0.77	0.45	0.48	0.44	-0.04	0.48		0.15	BRK-A
AXAHY	-0.51	0.41	-0.06	-0.23	-0.06	-0.32	0.15	-0.26	0.15		AXAHY
	EQH	ACGL	ORI	SLF	HIG	GSHD	ARZGY	IGIC	BRK-A	AXAHY

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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

IGIC	+ 0.97	GSHD
GSHD	+ 0.89	EQH
SLF	+ 0.86	ORI
IGIC	+ 0.85	EQH
IGIC	+ 0.82	ORI
IGIC	+ 0.82	SLF

High negative correlations

GSHD	- 0.8	ACGL
IGIC	- 0.76	ACGL
ACGL	- 0.74	EQH
AXAHY	- 0.51	EQH
SLF	- 0.45	ACGL
ORI	- 0.4	ACGL

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American International 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 American International'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
EQH	1.27	(0.02)	0.08	0.11	1.12	(1.57)	2.91	(2.31)	17.41
ACGL	1.22	(0.21)	0.00	(0.05)	0.00	0.00	2.05	(2.74)	9.16
ORI	0.76	0.06	0.04	0.19	0.98	(0.78)	1.48	(1.52)	5.39
SLF	0.61	0.13	0.11	0.34	0.36	(0.74)	1.26	(0.93)	5.09
HIG	0.89	0.13	0.01	(3.38)	1.59	(0.87)	1.94	(2.02)	9.07
GSHD	1.67	0.71	0.42	(6.94)	0.83	(2.15)	5.06	(2.22)	14.35
ARZGY	0.85	0.06	(0.04)	0.48	0.90	(0.89)	1.65	(1.46)	6.48
IGIC	1.75	0.66	0.31	(3.42)	1.17	(2.21)	5.40	(2.47)	10.23
BRK-A	0.74	(0.04)	(0.05)	0.07	0.89	(0.84)	1.32	(1.95)	7.55
AXAHY	1.06	0.09	(0.04)	(0.14)	1.46	(1.08)	2.36	(2.39)	8.33

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