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

0.91	ALL	Allstate	Pair Corr
0.71	HCI	HCI Group	Pair Corr
0.61	PGR	Progressive Corp	Pair Corr
0.65	THG	Hanover Insurance	Pair Corr
0.88	TRV	The Travelers Companies	Pair Corr
0.75	UVE	Universal Insurance Normal Trading	Pair Corr
0.66	WRB	W R Berkley	Pair Corr
0.66	SIGIP	Selective Insurance	Pair Corr

Moving against Chubb Stock

0.47	C	Citigroup Earnings Call This Week	Pair Corr
0.44	CNFR	Conifer Holding	Pair Corr

Related Correlations Analysis

	CINF	AFL	DOV	BEN	APD
CINF		0.1	-0.11	0.43	-0.28	CINF
AFL	0.1		0.07	0.01	0.54	AFL
DOV	-0.11	0.07		0.62	0.73	DOV
BEN	0.43	0.01	0.62		0.34	BEN
APD	-0.28	0.54	0.73	0.34		APD
	CINF	AFL	DOV	BEN	APD

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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

APD	+ 0.73	DOV
BEN	+ 0.62	DOV
APD	+ 0.54	AFL
BEN	+ 0.43	CINF
APD	+ 0.34	BEN
AFL	+ 0.1	CINF

High negative correlations

APD	- 0.28	CINF
DOV	- 0.11	CINF

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CINF	1.18	(0.02)	0.00	(0.13)	0.00	0.00	2.63	(2.95)	6.94
AFL	0.97	0.09	0.08	0.01	1.44	(0.88)	1.90	(2.31)	7.00
DOV	1.08	(0.03)	0.00	(0.13)	0.00	0.00	1.96	(2.86)	8.86
BEN	1.41	(0.04)	0.00	(0.15)	0.00	0.00	2.59	(2.55)	17.21
APD	1.11	(0.05)	0.00	(0.17)	0.00	0.00	2.38	(1.85)	8.35

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