Loews Corp Correlations

LTR Stock

EUR 81.50 1.50 1.88%

The current 90-days correlation between Loews Corp and W R Berkley is 0.72 (i.e., Poor diversification). The correlation of Loews Corp 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.

Loews Corp Correlation With Market

Average diversification

The correlation between Loews Corp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loews Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Loews Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Loews Corp 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 Loews Corp - 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 Loews Corp to buy it.

Moving together with Loews Stock

0.66	MH6	Tokio Marine Holdings	Pair Corr
0.96	WR1	W R Berkley	Pair Corr
0.94	QFI	American Financial	Pair Corr
0.76	SU4	Suncorp Group Limited	Pair Corr
0.95	AF4	Hanover Insurance	Pair Corr
0.94	UI2	Kemper	Pair Corr
0.84	HDFA	HDFC Bank Limited	Pair Corr
0.8	TL0	Tesla Inc	Pair Corr
0.61	IBM	International Business	Pair Corr
0.93	EMR	EMERSON ELECTRIC	Pair Corr
0.83	WD1	WD 40 CO	Pair Corr
0.95	UFH	US Foods Holding	Pair Corr
0.9	6GAA	Grupo Aval Acciones	Pair Corr
0.76	GTX	Gentex	Pair Corr
0.88	NY70	MOLSON RS BEVERAGE	Pair Corr
0.79	APC	Apple Inc	Pair Corr
0.71	89W	GRUPO ECOENER EO	Pair Corr
0.76	NDA	Aurubis AG	Pair Corr
0.79	108	Sumitomo Rubber Indu	Pair Corr

Moving against Loews Stock

0.86	TCID	Telkom Indonesia Tbk	Pair Corr
0.79	SSU	Samsung Electronics	Pair Corr
0.79	SSU	Samsung Electronics	Pair Corr
0.69	SSUN	Samsung Electronics	Pair Corr
0.69	SSUN	Samsung Electronics	Pair Corr
0.6	PTI	Perusahaan Perseroan	Pair Corr
0.59	TCID	Telkom Indonesia Tbk	Pair Corr
0.57	TCID	Telkom Indonesia Tbk	Pair Corr
0.56	TCID	Telkom Indonesia Tbk	Pair Corr
0.39	1ZO	ZhongAn Online P	Pair Corr
0.54	CKS2	GOME Retail Holdings	Pair Corr
0.34	TSI	Tsingtao Brewery	Pair Corr
0.32	ECHA	Ecopetrol SA	Pair Corr
0.68	CHK	China Resources Beer	Pair Corr
0.61	LHL1	Lenovo Group Limited	Pair Corr

Related Correlations Analysis

	MH6	WR1	LTR	AF4	1ZO
MH6		0.72	0.66	0.72	0.0	MH6
WR1	0.72		0.96	0.93	-0.31	WR1
LTR	0.66	0.96		0.95	-0.39	LTR
AF4	0.72	0.93	0.95		-0.32	AF4
1ZO	0.0	-0.31	-0.39	-0.32		1ZO
	MH6	WR1	LTR	AF4	1ZO

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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

LTR	+ 0.96	WR1
AF4	+ 0.95	LTR
AF4	+ 0.93	WR1
WR1	+ 0.72	MH6
AF4	+ 0.72	MH6
LTR	+ 0.66	MH6

High negative correlations

1ZO	- 0.39	LTR
1ZO	- 0.32	AF4
1ZO	- 0.31	WR1
1ZO	- 0.0	MH6

Risk-Adjusted Indicators

There is a big difference between Loews Stock performing well and Loews Corp 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 Loews Corp'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
MH6	1.63	0.06	0.02	0.80	2.33	(1.75)	4.07	(3.74)	12.43
WR1	1.25	0.16	0.09	0.52	1.45	(1.34)	3.22	(2.21)	9.24
LTR	1.03	0.22	0.14	0.91	0.91	(1.59)	2.11	(1.42)	7.54
AF4	1.15	0.19	0.12	(3.87)	0.96	(1.71)	2.92	(1.96)	7.23
1ZO	3.31	0.49	0.10	0.42	4.41	(4.16)	5.71	(4.24)	43.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in Loews Corp 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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