Acadian Asset Correlations

AAMI Stock

49.22 1.12 2.33%

The current 90-days correlation between Acadian Asset Management and Ashmore Group Plc is -0.02 (i.e., Good diversification). The correlation of Acadian Asset 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.

Acadian Asset Correlation With Market

Very weak diversification

The correlation between Acadian Asset Management 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 Acadian Asset Management and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Acadian Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acadian Asset Management. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Acadian Stock

0.67	JLEN	JLEN Environmental Assets	Pair Corr
0.7	SMT	Scottish Mortgage	Pair Corr
0.62	FDUS	Fidus Investment Corp	Pair Corr
0.67	AMP	Ameriprise Financial	Pair Corr
0.71	IGI	Western Asset Investment	Pair Corr
0.78	MMIT	Mobius Investment Trust	Pair Corr

Moving against Acadian Stock

0.57	WWH	Worldwide Healthcare	Pair Corr
0.55	BME	BlackRock Health Sciences	Pair Corr
0.45	BIOG	Biotech Growth	Pair Corr
0.36	ANSCU	Agriculture Natural	Pair Corr
0.35	BRFI	BlackRock Frontiers	Pair Corr
0.34	OIT	Odyssean Investment Trust	Pair Corr
0.33	HQH	Tekla Healthcare Inv	Pair Corr
0.32	JFJ	JPMorgan Japanese Earnings Call This Week	Pair Corr
0.53	EJFI	EJF Investments	Pair Corr
0.52	ADIG	Aberdeen Diversified	Pair Corr
0.47	IBT	International Biotechnology	Pair Corr
0.45	MGCI	MG Credit Income	Pair Corr
0.42	ALK	Alkemy Capital Inves	Pair Corr
0.41	EGL	Ecofin Global Utilities Earnings Call This Week	Pair Corr
0.41	ARR	Aurora Investment Trust	Pair Corr
0.34	BSRT	Baker Steel Resources	Pair Corr

Related Correlations Analysis

	AJMPF	OXLC	TGONF	HRZN	SFFFF	CET	TY	GAM	CSWC	RTOBF
AJMPF		0.24	0.73	-0.36	0.0	-0.69	-0.5	-0.68	-0.37	-0.22	AJMPF
OXLC	0.24		0.3	-0.33	0.0	-0.09	-0.15	-0.53	0.4	-0.51	OXLC
TGONF	0.73	0.3		-0.55	0.0	-0.61	-0.49	-0.62	-0.44	-0.12	TGONF
HRZN	-0.36	-0.33	-0.55		0.0	0.31	0.31	0.46	0.38	0.35	HRZN
SFFFF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SFFFF
CET	-0.69	-0.09	-0.61	0.31	0.0		0.8	0.79	0.25	0.33	CET
TY	-0.5	-0.15	-0.49	0.31	0.0	0.8		0.79	0.12	0.43	TY
GAM	-0.68	-0.53	-0.62	0.46	0.0	0.79	0.79		-0.1	0.54	GAM
CSWC	-0.37	0.4	-0.44	0.38	0.0	0.25	0.12	-0.1		-0.1	CSWC
RTOBF	-0.22	-0.51	-0.12	0.35	0.0	0.33	0.43	0.54	-0.1		RTOBF
	AJMPF	OXLC	TGONF	HRZN	SFFFF	CET	TY	GAM	CSWC	RTOBF

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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

TY	+ 0.8	CET
GAM	+ 0.79	CET
GAM	+ 0.79	TY
TGONF	+ 0.73	AJMPF
RTOBF	+ 0.54	GAM
GAM	+ 0.46	HRZN

High negative correlations

CET	- 0.69	AJMPF
GAM	- 0.68	AJMPF
GAM	- 0.62	TGONF
CET	- 0.61	TGONF
HRZN	- 0.55	TGONF
GAM	- 0.53	OXLC

Risk-Adjusted Indicators

There is a big difference between Acadian Stock performing well and Acadian Asset 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 Acadian Asset'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
AJMPF	1.02	(0.14)	0.00	0.35	0.00	0.00	1.69	(2.51)	22.78
OXLC	1.26	(0.31)	0.00	(0.24)	0.00	0.00	2.31	(2.76)	9.23
TGONF	0.68	(0.07)	0.00	(0.24)	0.00	0.00	1.98	(1.87)	6.57
HRZN	1.26	(0.03)	(0.03)	0.06	1.53	(1.45)	2.66	(2.29)	11.60
SFFFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CET	0.57	0.07	(0.03)	0.54	0.59	(0.66)	1.22	(1.02)	3.29
TY	0.43	0.00	(0.06)	0.10	0.49	(0.46)	0.87	(0.85)	2.52
GAM	0.44	0.06	0.03	0.23	0.39	(0.50)	1.04	(0.94)	2.57
CSWC	1.03	(0.07)	(0.06)	0.02	1.38	(1.02)	2.10	(2.20)	5.68
RTOBF	3.69	1.41	0.00	(0.63)	0.00	0.00	0.00	0.00	81.41

Acadian Asset Corporate Management

Scott Hynes	Principal VP	Profile
Trevedi Tewari	Head Ireland	Profile
Olivier CFA	Head Business	Profile
Robert Campbell	Head Technology	Profile
Steve Coyle	Senior Retirement	Profile
Kelly CFA	Acadian Officer	Profile

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