Assurant Correlations

Stocks . USA . 
Stock . Assurant
AIZ Stock  USD 227.05  1.63  0.71%   
The current 90-days correlation between Assurant and Enact Holdings is 0.53 (i.e., Very weak diversification). The correlation of Assurant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Assurant Correlation With Market

Poor diversification

The correlation between Assurant and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assurant 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 Assurant. 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.
For more information on how to buy Assurant Stock please use our How to Invest in Assurant guide.

Moving together with Assurant Stock

  0.87L Loews CorpPairCorr
  0.89AFG American FinancialPairCorr
  0.87ALL AllstatePairCorr
  0.86BOW Bowhead SpecialtyPairCorr
  0.82HMN Horace Mann EducatorsPairCorr
  0.83MCY Mercury GeneralPairCorr
  0.96MKL MarkelPairCorr
  0.91ORI Old Republic Interna Fiscal Year End 23rd of January 2025 PairCorr
  0.74PGR Progressive Corp Fiscal Year End 22nd of January 2025 PairCorr
  0.75PRA ProAssurancePairCorr
  0.92RLI RLI Corp Fiscal Year End 22nd of January 2025 PairCorr
  0.87THG Hanover InsurancePairCorr
  0.66TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.66UVE Universal InsurancePairCorr
  0.76WRB W R Berkley Normal TradingPairCorr
  0.78WTM White Mountains InsurancePairCorr
  0.88KINS Kingstone CompaniesPairCorr
  0.93KMPR KemperPairCorr
  0.93LMND LemonadePairCorr
  0.68NODK NI HoldingsPairCorr
  0.87PLMR Palomar HoldingsPairCorr

Moving against Assurant Stock

  0.33SIGIP Selective InsurancePairCorr
  0.7WRB-PG WR BerkleyPairCorr
  0.68ALL-PI AllstatePairCorr
  0.61ALL-PH AllstatePairCorr
  0.59WRB-PH WR BerkleyPairCorr

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   
ESNT
+ 0.89
ACT
MBI
+ 0.78
AMSF
RDN
+ 0.63
ACT
RDN
+ 0.63
ESNT
  
High negative correlations   
ESNT
- 0.86
AMSF
MBI
- 0.68
ESNT
ACT
- 0.67
AMSF
MBI
- 0.41
ACT
RDN
- 0.31
AMSF
MBI
- 0.08
RDN

Risk-Adjusted Indicators

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

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