Münchener Rück Correlations
| MUV2 Stock | EUR 581.00 5.20 0.90% |
The current 90-days correlation between Mnchener Rck AG and Meiko Electronics Co is -0.02 (i.e., Good diversification). The correlation of Münchener Rück 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.
Münchener Rück Correlation With Market
Good diversification
The correlation between Mnchener Rck AG and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mnchener Rck AG and DJI in the same portfolio, assuming nothing else is changed.
Münchener |
The ability to find closely correlated positions to Münchener Rück could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Münchener Rück 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 Münchener Rück - 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 Mnchener Rck AG to buy it.
Moving together with Münchener Stock
| 0.85 | SDRB | SCORADR1/10/EO 78769723 | PairCorr |
| 0.9 | AG1 | AUTO1 Group SE | PairCorr |
| 0.77 | NOAA | Nokia | PairCorr |
| 0.88 | FTK | flatexDEGIRO AG Earnings Call This Week | PairCorr |
| 0.62 | LL6 | MTN GROUP | PairCorr |
| 0.92 | RHM | Rheinmetall AG | PairCorr |
| 0.76 | CVS | CVS Health Corp | PairCorr |
| 0.63 | KGHA | KGHM Polska Miedz Earnings Call This Week | PairCorr |
| 0.85 | 1NBA | Anheuser Busch InBev | PairCorr |
| 0.84 | APM | AD PEPPER MEDIA | PairCorr |
| 0.78 | MM0 | MONETA MONEY BANK | PairCorr |
| 0.67 | AV6 | Avista | PairCorr |
| 0.81 | G8G | GREATLAND GOLD PLC | PairCorr |
| 0.76 | STD | STANDARD CHARTERED | PairCorr |
| 0.85 | OKL | Orkla ASA | PairCorr |
Moving against Münchener Stock
| 0.86 | ADH2 | Air Canada | PairCorr |
| 0.85 | 27J | Impinj Inc | PairCorr |
| 0.85 | 27J | Impinj Inc | PairCorr |
| 0.6 | CXT | Carmat SA | PairCorr |
| 0.42 | 3XPA | SIRIUSPOINT LTD DL | PairCorr |
| 0.37 | MTO | METTLER TOLEDO INTL | PairCorr |
| 0.37 | MTO | METTLER TOLEDO INTL | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Münchener Stock performing well and Münchener Rück 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 Münchener Rück'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| E6Q | 1.80 | 0.15 | 0.08 | 8.20 | 2.40 | 3.50 | 10.37 | |||
| MEC | 2.06 | (0.28) | 0.00 | (0.89) | 0.00 | 4.81 | 11.54 | |||
| 3C3 | 1.49 | (0.23) | 0.00 | 1.21 | 0.00 | 2.65 | 13.37 | |||
| 5E1 | 1.15 | 0.35 | 0.44 | (1.34) | 0.59 | 3.89 | 8.33 | |||
| GZ3 | 1.37 | 0.01 | 0.00 | (0.05) | 0.00 | 2.27 | 8.89 | |||
| 5B9 | 1.00 | (0.08) | 0.00 | (0.90) | 0.00 | 1.83 | 6.29 | |||
| 3GH | 1.13 | 0.08 | 0.08 | 0.10 | 1.34 | 2.90 | 7.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Münchener Rück 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.Did you try this?
Run Global Correlations Now
Global CorrelationsFind global opportunities by holding instruments from different markets |
| All Next | Launch Module |
Münchener Rück Corporate Management
Elected by the shareholders, the Münchener Rück's board of directors comprises two types of representatives: Münchener Rück inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Münchener. The board's role is to monitor Münchener Rück's management team and ensure that shareholders' interests are well served. Münchener Rück's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Münchener Rück's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joachim Wenning | Chairman Board | Profile | |
| Markus Riess | Member Board | Profile | |
| Christoph Jurecka | CFO Board | Profile | |
| CFA CFA | Chief Board | Profile | |
| Soobum Lee | Head Operation | Profile | |
| Achim Kassow | Member Board | Profile | |
| Thomas Blunck | Member Board | Profile |