Associated Capital Correlations

AC Stock

USD 37.15 0.26 0.70%

The current 90-days correlation between Associated Capital and Munivest Fund is 0.29 (i.e., Modest diversification). The correlation of Associated Capital 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.

Associated Capital Correlation With Market

Very weak diversification

The correlation between Associated Capital Group and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Associated Capital Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Associated Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Associated Capital 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 main economic indicators.

Moving together with Associated Stock

0.82	V	Visa Class A	Pair Corr
0.68	DHIL	Diamond Hill Investment	Pair Corr
0.71	AB	AllianceBernstein	Pair Corr
0.82	BN	Brookfield Corp	Pair Corr
0.64	BX	Blackstone Group	Pair Corr
0.87	CG	Carlyle Group	Pair Corr
0.76	DB	Deutsche Bank AG	Pair Corr
0.86	GS	Goldman Sachs Group	Pair Corr
0.65	LU	Lufax Holding	Pair Corr
0.84	MA	Mastercard	Pair Corr
0.74	MC	Moelis	Pair Corr
0.84	MS	Morgan Stanley	Pair Corr
0.75	QD	Qudian Inc	Pair Corr
0.78	SF	Stifel Financial	Pair Corr
0.7	TW	Tradeweb Markets Normal Trading	Pair Corr
0.84	WT	WisdomTree	Pair Corr
0.73	XP	Xp Inc	Pair Corr
0.62	DMYY	dMY Squared Technology	Pair Corr
0.83	VCTR	Victory Capital Holdings	Pair Corr
0.61	VIRT	Virtu Financial Normal Trading	Pair Corr
0.8	VRTS	Virtus Investment	Pair Corr
0.79	EARN	Ellington Residential	Pair Corr

Moving against Associated Stock

0.38	RM	Regional Management Corp	Pair Corr
0.67	EZPW	EZCORP Inc	Pair Corr
0.35	LGHLW	Lion Financial Group	Pair Corr

Related Correlations Analysis

	MVF	MQY	FHI	FMN	MYD	NXG	ETX	EOT	NXC
MVF		0.94	0.0	0.83	0.93	0.17	0.16	0.73	0.66	MVF
MQY	0.94		0.16	0.9	0.96	0.35	0.33	0.74	0.77	MQY
FHI	0.0	0.16		0.46	0.23	0.83	0.8	0.51	0.45	FHI
FMN	0.83	0.9	0.46		0.93	0.6	0.59	0.85	0.81	FMN
MYD	0.93	0.96	0.23	0.93		0.36	0.36	0.8	0.82	MYD
NXG	0.17	0.35	0.83	0.6	0.36		0.79	0.46	0.41	NXG
ETX	0.16	0.33	0.8	0.59	0.36	0.79		0.54	0.46	ETX
EOT	0.73	0.74	0.51	0.85	0.8	0.46	0.54		0.81	EOT
NXC	0.66	0.77	0.45	0.81	0.82	0.41	0.46	0.81		NXC
	MVF	MQY	FHI	FMN	MYD	NXG	ETX	EOT	NXC

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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

MYD	+ 0.96	MQY
MQY	+ 0.94	MVF
MYD	+ 0.93	MVF
MYD	+ 0.93	FMN
FMN	+ 0.9	MQY
EOT	+ 0.85	FMN

High negative correlations

FHI

- 0.0

MVF

Risk-Adjusted Indicators

There is a big difference between Associated Stock performing well and Associated Capital 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 Associated Capital'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
MVF	0.68	(0.07)	0.00	(0.22)	0.00	0.00	1.36	(1.80)	5.00
MQY	0.67	(0.09)	0.00	(0.23)	0.00	0.00	1.29	(2.04)	5.54
FHI	1.29	0.21	0.09	(25.88)	1.79	(1.37)	2.70	(2.30)	10.35
FMN	0.50	(0.03)	0.00	(0.25)	0.00	0.00	0.87	(0.96)	3.35
MYD	0.72	(0.06)	0.00	(0.17)	0.00	0.00	1.22	(2.45)	5.15
NXG	1.61	0.08	0.03	0.11	2.94	(1.56)	3.53	(3.10)	14.00
ETX	0.41	0.00	(0.06)	0.52	0.53	(0.47)	0.80	(0.96)	2.77
EOT	0.59	(0.03)	0.00	2.23	0.00	0.00	1.19	(1.51)	4.60
NXC	0.51	(0.01)	0.00	0.88	0.00	0.00	1.09	(1.33)	2.77

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