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.
Chubb |
Moving together with Chubb Stock
0.91 | ALL | Allstate | PairCorr |
0.71 | HCI | HCI Group | PairCorr |
0.61 | PGR | Progressive Corp | PairCorr |
0.65 | THG | Hanover Insurance | PairCorr |
0.88 | TRV | The Travelers Companies | PairCorr |
0.75 | UVE | Universal Insurance Normal Trading | PairCorr |
0.66 | WRB | W R Berkley | PairCorr |
0.66 | SIGIP | Selective Insurance | PairCorr |
Moving against Chubb Stock
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
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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 | ||
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CINF | 1.18 | (0.02) | 0.00 | (0.13) | 0.00 | 2.63 | 6.94 | |||
AFL | 0.97 | 0.09 | 0.08 | 0.01 | 1.44 | 1.90 | 7.00 | |||
DOV | 1.08 | (0.03) | 0.00 | (0.13) | 0.00 | 1.96 | 8.86 | |||
BEN | 1.41 | (0.04) | 0.00 | (0.15) | 0.00 | 2.59 | 17.21 | |||
APD | 1.11 | (0.05) | 0.00 | (0.17) | 0.00 | 2.38 | 8.35 |