Oxbridge Correlations

OXBR Stock

USD 2.17 0.17 7.26%

The current 90-days correlation between Oxbridge Re Holdings and Muenchener Rueckver Ges is -0.06 (i.e., Good diversification). The correlation of Oxbridge 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.

Oxbridge Correlation With Market

Average diversification

The correlation between Oxbridge Re Holdings and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oxbridge Re Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oxbridge Re Holdings. 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.

Moving together with Oxbridge Stock

0.83	BNT	Brookfield Wealth Symbol Change	Pair Corr
0.72	C	Citigroup Aggressive Push	Pair Corr
0.83	BN	Brookfield Corp	Pair Corr
0.62	BX	Blackstone Group Normal Trading	Pair Corr
0.71	BY	Byline Bancorp	Pair Corr
0.76	CG	Carlyle Group Normal Trading	Pair Corr
0.66	CM	Canadian Imperial Bank	Pair Corr
0.63	FG	FG Annuities Life	Pair Corr
0.8	GS	Goldman Sachs Group	Pair Corr

Moving against Oxbridge Stock

0.8	CB	Chubb	Pair Corr
0.74	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.52	SPNT	Siriuspoint Sell-off Trend	Pair Corr
0.41	EG	Everest Group	Pair Corr
0.36	SPNT-PB	SiriusPoint	Pair Corr
0.34	L	Loews Corp	Pair Corr
0.32	AHL-PE	Aspen Insurance Holdings	Pair Corr
0.75	TW	Tradeweb Markets Normal Trading	Pair Corr
0.54	DB	Deutsche Bank AG	Pair Corr
0.43	LU	Lufax Holding	Pair Corr
0.43	WU	Western Union	Pair Corr
0.36	LX	Lexinfintech Holdings	Pair Corr
0.33	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	MURGY	GLRE	MHLD	RE	SSREY	HVRRY	SCRYY	SPNT-PB	SPNT	BNRE
MURGY		-0.42	-0.79	0.0	0.96	0.94	0.87	0.64	0.18	0.0	MURGY
GLRE	-0.42		0.58	0.0	-0.46	-0.33	-0.48	-0.4	0.37	0.0	GLRE
MHLD	-0.79	0.58		0.0	-0.89	-0.68	-0.78	-0.61	0.15	0.0	MHLD
RE	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	RE
SSREY	0.96	-0.46	-0.89	0.0		0.88	0.89	0.71	0.14	0.0	SSREY
HVRRY	0.94	-0.33	-0.68	0.0	0.88		0.82	0.57	0.26	0.0	HVRRY
SCRYY	0.87	-0.48	-0.78	0.0	0.89	0.82		0.71	0.17	0.0	SCRYY
SPNT-PB	0.64	-0.4	-0.61	0.0	0.71	0.57	0.71		0.39	0.0	SPNT-PB
SPNT	0.18	0.37	0.15	0.0	0.14	0.26	0.17	0.39		0.0	SPNT
BNRE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BNRE
	MURGY	GLRE	MHLD	RE	SSREY	HVRRY	SCRYY	SPNT-PB	SPNT	BNRE

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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

SSREY	+ 0.96	MURGY
HVRRY	+ 0.94	MURGY
SCRYY	+ 0.89	SSREY
HVRRY	+ 0.88	SSREY
SCRYY	+ 0.87	MURGY
SCRYY	+ 0.82	HVRRY

High negative correlations

SSREY	- 0.89	MHLD
MHLD	- 0.79	MURGY
SCRYY	- 0.78	MHLD
HVRRY	- 0.68	MHLD
SPNT-PB	- 0.61	MHLD
SCRYY	- 0.48	GLRE

Risk-Adjusted Indicators

There is a big difference between Oxbridge Stock performing well and Oxbridge 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 Oxbridge'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
MURGY	1.18	0.27	0.19	0.38	1.37	(1.35)	2.68	(2.00)	7.71
GLRE	1.22	(0.11)	0.00	(0.24)	0.00	0.00	2.41	(2.69)	6.11
MHLD	5.52	(0.58)	0.00	(0.46)	0.00	0.00	9.09	(10.00)	53.37
RE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SSREY	0.86	0.20	0.22	0.43	0.82	(0.93)	1.97	(1.65)	5.12
HVRRY	1.12	0.15	0.13	0.47	1.37	(1.19)	2.50	(3.05)	6.52
SCRYY	2.42	0.25	0.09	2.89	2.80	(2.92)	5.69	(5.09)	16.03
SPNT-PB	0.19	0.00	0.26	0.01	0.21	(0.22)	0.48	(0.40)	1.08
SPNT	1.73	0.08	0.05	0.08	2.16	(1.73)	2.39	(3.57)	19.39
BNRE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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