Muenchener Rueckver Correlations

MURGY Stock

USD 12.63 0.18 1.45%

The current 90-days correlation between Muenchener Rueckver Ges and Swiss Re AG is -0.02 (i.e., Good diversification). The correlation of Muenchener Rueckver 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Muenchener Rueckver Correlation With Market

Weak diversification

The correlation between Muenchener Rueckver Ges and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Muenchener Rueckver Ges and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Muenchener Pink Sheet

0.75	MURGF	Münchener Rückversicherung	Pair Corr
0.98	SSREY	Swiss Re	Pair Corr
0.63	SSREF	Swiss Re AG	Pair Corr
0.64	HVRRF	Hannover Rck SE	Pair Corr
0.94	HVRRY	Hannover Re	Pair Corr
0.91	ISMAY	Indra Sistemas SA	Pair Corr
0.76	ANPMF	Andean Precious Metals	Pair Corr
0.76	GTN	Gray Television	Pair Corr
0.8	GLU	Gabelli Global Utility	Pair Corr

Moving against Muenchener Pink Sheet

0.69	RGA	Reinsurance Group	Pair Corr
0.35	RNR	Renaissancere Holdings	Pair Corr
0.31	SZCRF	SCOR SE	Pair Corr

Related Correlations Analysis

	SSREF	SPNT-PB	RNR	MHLD	RE	GLRE	BNRE	RGA	SPNT
SSREF		0.45	-0.52	-0.65	0.0	-0.53	0.0	-0.65	0.15	SSREF
SPNT-PB	0.45		-0.35	-0.53	0.0	-0.35	0.0	-0.64	0.42	SPNT-PB
RNR	-0.52	-0.35		0.58	0.0	0.67	0.0	0.51	0.27	RNR
MHLD	-0.65	-0.53	0.58		0.0	0.49	0.0	0.63	0.09	MHLD
RE	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	RE
GLRE	-0.53	-0.35	0.67	0.49	0.0		0.0	0.53	0.23	GLRE
BNRE	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BNRE
RGA	-0.65	-0.64	0.51	0.63	0.0	0.53	0.0		-0.02	RGA
SPNT	0.15	0.42	0.27	0.09	0.0	0.23	0.0	-0.02		SPNT
	SSREF	SPNT-PB	RNR	MHLD	RE	GLRE	BNRE	RGA	SPNT

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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

GLRE	+ 0.67	RNR
RGA	+ 0.63	MHLD
MHLD	+ 0.58	RNR
RGA	+ 0.53	GLRE
RGA	+ 0.51	RNR
GLRE	+ 0.49	MHLD

High negative correlations

RGA	- 0.65	SSREF
MHLD	- 0.65	SSREF
RGA	- 0.64	SPNT-PB
MHLD	- 0.53	SPNT-PB
GLRE	- 0.53	SSREF
RNR	- 0.52	SSREF

Risk-Adjusted Indicators

There is a big difference between Muenchener Pink Sheet performing well and Muenchener Rueckver 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 Muenchener Rueckver'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
SSREF	0.50	0.13	0.10	1.51	0.25	(2.48)	2.38	(1.17)	7.06
SPNT-PB	0.18	0.02	0.06	(0.57)	0.11	(0.21)	0.48	(0.32)	1.08
RNR	1.18	(0.07)	0.00	(0.14)	0.00	0.00	2.10	(1.96)	11.37
MHLD	5.53	(0.78)	0.00	(0.72)	0.00	0.00	7.41	(10.00)	53.37
RE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLRE	1.23	(0.02)	0.00	(0.02)	0.00	0.00	2.41	(2.29)	6.11
BNRE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RGA	1.38	(0.08)	0.00	(0.06)	0.00	0.00	2.74	(2.95)	12.10
SPNT	1.75	0.15	0.07	0.28	2.01	(1.81)	2.54	(3.57)	19.39

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Our tools can tell you how much better you can do entering a position in Muenchener Rueckver 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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Muenchener Rueckver Corporate Management

Joachim Wenning	Member of the Management Board	Profile
Markus Riess	Member of the Management Board	Profile
CFA CFA	Chief Board	Profile
Soobum Lee	Head Operation	Profile
Achim Kassow	Member Board	Profile
Thomas Blunck	Member of the Management Board, Member of Group Committee and Member of Reinsurance Committee	Profile

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