Chubb Correlations

CB Stock  USD 293.96  0.00  0.00%   
The current 90-days correlation between Chubb and Aflac Incorporated is 0.68 (i.e., Poor diversification). The correlation of Chubb 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.

Chubb Correlation With Market

Modest diversification

The correlation between Chubb and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chubb and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chubb. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For information on how to trade Chubb Stock refer to our How to Trade Chubb Stock guide.

Moving together with Chubb Stock

  0.91ALL AllstatePairCorr
  0.71HCI HCI GroupPairCorr
  0.61PGR Progressive CorpPairCorr
  0.65THG Hanover InsurancePairCorr
  0.88TRV The Travelers CompaniesPairCorr
  0.75UVE Universal Insurance Normal TradingPairCorr
  0.66WRB W R BerkleyPairCorr
  0.66SIGIP Selective InsurancePairCorr

Moving against Chubb Stock

  0.47C Citigroup Earnings Call This WeekPairCorr
  0.44CNFR Conifer HoldingPairCorr

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   
APDDOV
BENDOV
APDAFL
BENCINF
APDBEN
AFLCINF
  
High negative correlations   
APDCINF
DOVCINF

Risk-Adjusted Indicators

There is a big difference between Chubb Stock performing well and Chubb 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 Chubb'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.