Sabre Insurance Correlations

Stocks . Germany . 
Stock . Sabre Insurance Group
18M Stock  EUR 1.70  0.07  4.29%   
The current 90-days correlation between Sabre Insurance Group and CRAWFORD A NV is -0.1 (i.e., Good diversification). The correlation of Sabre Insurance 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.

Sabre Insurance Correlation With Market

Good diversification

The correlation between Sabre Insurance Group and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sabre Insurance Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sabre Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sabre Insurance 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 Sabre Insurance - 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 Sabre Insurance Group to buy it.

Moving together with Sabre Stock

  0.76TEY TeradynePairCorr

Moving against Sabre Stock

  0.824VK Aon PLCPairCorr
  0.8BTW Brown BrownPairCorr
  0.71MSN Marsh McLennan CompaniesPairCorr
  0.71GAH Arthur J GallagherPairCorr
  0.71CWK0 CRAWFORD A NVPairCorr
  0.62WTY Willis Towers WatsonPairCorr
  0.54AVLA Air LeasePairCorr
  0.51ATR0 ATHENE HOLDING PRFSERCPairCorr
  0.758L8 Liberty BroadbandPairCorr
  0.738XE ENGIE Eps SAPairCorr
  0.693EC Eaton PLCPairCorr
  0.66FQI Digital Realty TrustPairCorr
  0.63WB1 Westamerica BancorporationPairCorr
  0.63ZIM Zimmer Biomet HoldingsPairCorr
  0.61XPH AmphenolPairCorr
  0.595AP Palo Alto Networks SplitPairCorr
  0.59GTT TEGNA IncPairCorr
  0.56M4I MastercardPairCorr
  0.5NCL New China LifePairCorr
  0.49WDP Walt DisneyPairCorr
  0.47A3B ACCO BrandsPairCorr
  0.36SCY StratasysPairCorr
  0.68PCG6 PG E P6PairCorr
  0.66PKE Park Aerospace CorpPairCorr
  0.651WT WisdomTree InvestmentsPairCorr
  0.64SWG Charles SchwabPairCorr
  0.62QBE QBE Insurance GroupPairCorr
  0.56UBK UMWELTBANKPairCorr

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   
GAH
+ 0.93
MSN
GAH
+ 0.89
4VK
WTY
+ 0.89
4VK
CWK0
+ 0.88
4VK
4VK
+ 0.84
MSN
WTY
+ 0.84
GAH
  
High negative correlations   
18M
- 0.82
4VK
VVV3
- 0.75
1S6
18M
- 0.71
CWK0
18M
- 0.71
GAH
18M
- 0.71
MSN
18M
- 0.62
WTY

Risk-Adjusted Indicators

There is a big difference between Sabre Stock performing well and Sabre Insurance 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 Sabre Insurance'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 Sabre Insurance 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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Sabre Insurance Corporate Management

Elected by the shareholders, the Sabre Insurance's board of directors comprises two types of representatives: Sabre Insurance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sabre. The board's role is to monitor Sabre Insurance's management team and ensure that shareholders' interests are well served. Sabre Insurance'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, Sabre Insurance's outside directors are responsible for providing unbiased perspectives on the board's policies.
James OckendenChief ActuaryProfile
Geoffrey CarterCEO DirectorProfile
Ian ClarkNon-Executive Independent DirectorProfile
Anneka KinganChief Risk Officer, Company SecretaryProfile
Matt WrightChief ActuaryProfile
Trevor WebbClaims DirectorProfile
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