Assured Guaranty Correlations

Stocks Germany . 
Stock . Assured Guaranty
DHU Stock  EUR 83.50  0.50  0.60%   
The current 90-days correlation between Assured Guaranty and The Yokohama Rubber is -0.27 (i.e., Very good diversification). The correlation of Assured Guaranty 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.

Assured Guaranty Correlation With Market

Good diversification

The correlation between Assured Guaranty and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assured Guaranty and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Assured Guaranty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Assured Guaranty 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 Assured Guaranty - 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 Assured Guaranty to buy it.

Moving together with Assured Stock

  0.64CMAB Mapfre SAPairCorr
  0.82Y1F First American FinancialPairCorr
  0.73MGC MGIC InvestmentPairCorr
  0.69RAG Radian GroupPairCorr
  0.82TPW TrupanionPairCorr
  0.9YGB EMPLOYERS HLDGS DLPairCorr
  0.62PJM PT Bumi ResourcesPairCorr
  0.66TSFA Taiwan SemiconductorPairCorr
  0.88ADH2 Air CanadaPairCorr
  0.66M5V EHEALTHPairCorr
  0.92KEY KeyCorpPairCorr
  0.75SK3 Smurfit Kappa GroupPairCorr
  0.92M4I MastercardPairCorr
  0.73HXL HexcelPairCorr
  0.74APC Apple IncPairCorr
  0.790XHR Xenia Hotels ResortsPairCorr
  0.846GAA Grupo Aval AccionesPairCorr
  0.91AF4 HANOVER INSURANCEPairCorr
  0.792T9A TRAINLINE PLC LSPairCorr
  0.91WD5A TRAVEL LEISURE DLPairCorr
  0.91WX1 Acadia Realty TrustPairCorr
  0.77HIP Park Hotels ResortsPairCorr
  0.85ZIM Zimmer Biomet HoldingsPairCorr
  0.87EQN2 EquinixPairCorr

Moving against Assured Stock

  0.79BYRA PT Bank RakyatPairCorr
  0.75OB8 PT Barito PacificPairCorr
  0.62QPA1 Trisura GroupPairCorr
  0.6TCID Telkom Indonesia TbkPairCorr
  0.55BZG2 PT Bank CentralPairCorr
  0.5NVPJ TMBThanachart Bank PublicPairCorr
  0.423GU nib holdings limitedPairCorr

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   
E5M
+ 0.93
E5M
E5M
+ 0.62
GTR
VNX
+ 0.58
XS4
GTR
+ 0.55
E5M
ELG
+ 0.48
YRB
E5M
+ 0.29
XS4
  
High negative correlations   
E5M
- 0.6
YRB
VNX
- 0.59
ELG
E5M
- 0.57
YRB
ELG
- 0.43
XS4
VNX
- 0.26
YRB
E5M
- 0.23
ELG

Risk-Adjusted Indicators

There is a big difference between Assured Stock performing well and Assured Guaranty 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 Assured Guaranty'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 Assured Guaranty 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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Assured Guaranty Corporate Management

Elected by the shareholders, the Assured Guaranty's board of directors comprises two types of representatives: Assured Guaranty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Assured. The board's role is to monitor Assured Guaranty's management team and ensure that shareholders' interests are well served. Assured Guaranty's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Assured Guaranty's outside directors are responsible for providing unbiased perspectives on the board's policies.
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Christopher GibbonsCTO TechnologyProfile
Russell IIAdvisorProfile
Dominic FredericoPres ChairmanProfile
Gon ChowG SecProfile
David BuzenChief ManagementProfile
Howard AlbertChief OfficerProfile
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