AssetMark Financial Correlations
| AMK Stock | USD 33.79 0.14 0.41% |
The correlation of AssetMark Financial 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AssetMark Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AssetMark Financial Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between AssetMark Financial Holdings and NYA is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AssetMark Financial Holdings and NYA in the same portfolio, assuming nothing else is changed.
AssetMark |
The ability to find closely correlated positions to AssetMark Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AssetMark Financial 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 AssetMark Financial - 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 AssetMark Financial Holdings to buy it.
Moving together with AssetMark Stock
| 0.74 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.62 | MAIN | Main Street Capital Financial Report 2nd of May 2024 | PairCorr |
| 0.65 | OXSQ | Oxford Square Capital Earnings Call This Week | PairCorr |
| 0.68 | C | Citigroup Earnings Call This Week | PairCorr |
| 0.69 | L | Loews Corp | PairCorr |
Moving against AssetMark Stock
| 0.87 | HRZN | Horizon Technology Financial Report 7th of May 2024 | PairCorr |
| 0.67 | FSK | FS KKR Capital Financial Report 3rd of May 2024 | PairCorr |
| 0.62 | ECPG | Encore Capital Group Financial Report 1st of May 2024 | PairCorr |
| 0.62 | PSEC | Prospect Capital Financial Report 14th of May 2024 | PairCorr |
| 0.58 | DHIL | Diamond Hill Investment | PairCorr |
| 0.58 | AX | Axos Financial Fiscal Year End 25th of July 2024 | PairCorr |
| 0.49 | BY | Byline Bancorp Normal Trading | PairCorr |
| 0.45 | BBUC | Brookfield Business Corp | PairCorr |
Related Correlations Analysis
| 0.85 | 0.61 | 0.83 | 0.31 | 0.43 | PTY | ||
| 0.85 | 0.35 | 0.83 | 0.12 | 0.52 | PFL | ||
| 0.61 | 0.35 | 0.35 | 0.64 | -0.19 | PCM | ||
| 0.83 | 0.83 | 0.35 | -0.09 | 0.63 | PHK | ||
| 0.31 | 0.12 | 0.64 | -0.09 | -0.33 | CBH | ||
| 0.43 | 0.52 | -0.19 | 0.63 | -0.33 | MHD | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between AssetMark Stock performing well and AssetMark Financial 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 AssetMark Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PTY | 0.41 | 0.03 | 0.00 | 0.14 | 0.96 | 0.96 | 4.75 | |||
| PFL | 0.36 | (0.03) | (0.12) | 0.00 | 0.56 | 0.74 | 3.06 | |||
| PCM | 0.71 | 0.09 | 0.06 | 0.26 | 0.74 | 1.73 | 5.91 | |||
| PHK | 0.49 | (0.03) | (0.07) | 0.02 | 0.79 | 1.25 | 4.81 | |||
| CBH | 0.28 | 0.02 | (0.11) | 0.20 | 0.30 | 0.58 | 1.49 | |||
| MHD | 0.46 | (0.05) | 0.00 | (0.05) | 0.00 | 1.10 | 2.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AssetMark Financial 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.Did you try this?
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AssetMark Financial Corporate Management
Elected by the shareholders, the AssetMark Financial's board of directors comprises two types of representatives: AssetMark Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AssetMark. The board's role is to monitor AssetMark Financial's management team and ensure that shareholders' interests are well served. AssetMark Financial'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, AssetMark Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yi Zhou | Director | Profile | |
| CFA CFA | Chief Officer | Profile | |
| Rohit Bhagat | Independent Director | Profile | |
| Natalie Wolfsen | Executive Vice President Chief Solutions Officer | Profile | |
| Patricia Guinn | Independent Director | Profile | |
| Carrie CPA | COO VP | Profile |
Already Invested in AssetMark Financial Holdings?
The danger of trading AssetMark Financial Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of AssetMark Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than AssetMark Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AssetMark Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether AssetMark Financial is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if AssetMark Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Assetmark Financial Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Assetmark Financial Holdings Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AssetMark Financial Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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When running AssetMark Financial's price analysis, check to measure AssetMark Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AssetMark Financial is operating at the current time. Most of AssetMark Financial's value examination focuses on studying past and present price action to predict the probability of AssetMark Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AssetMark Financial's price. Additionally, you may evaluate how the addition of AssetMark Financial to your portfolios can decrease your overall portfolio volatility.
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Is AssetMark Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AssetMark Financial. If investors know AssetMark will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AssetMark Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.321 | Earnings Share 1.65 | Revenue Per Share 9.56 | Quarterly Revenue Growth 0.004 | Return On Assets 0.0802 |
The market value of AssetMark Financial is measured differently than its book value, which is the value of AssetMark that is recorded on the company's balance sheet. Investors also form their own opinion of AssetMark Financial's value that differs from its market value or its book value, called intrinsic value, which is AssetMark Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AssetMark Financial's market value can be influenced by many factors that don't directly affect AssetMark Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AssetMark Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if AssetMark Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AssetMark Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.