Reinsurance Group Correlations

Stocks . Germany . 
Stock . Reinsurance Group of
RGPB Stock  EUR 176.00  3.00  1.73%   
The current 90-days correlation between Reinsurance Group and SINGAPORE AIRLINES is 0.12 (i.e., Average diversification). The correlation of Reinsurance Group 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.

Reinsurance Group Correlation With Market

Modest diversification

The correlation between Reinsurance Group of and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reinsurance Group of and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Reinsurance Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reinsurance Group 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 Reinsurance Group - 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 Reinsurance Group of to buy it.

Moving together with Reinsurance Stock

  0.67ERE Everest GroupPairCorr
  0.69RRJ RenaissanceRe HoldingsPairCorr
  0.91KBIA KB Financial GroupPairCorr
  0.62WF5A Kratos Defense SecurityPairCorr

Moving against Reinsurance Stock

  0.76C53 China Reinsurance Earnings Call This WeekPairCorr
  0.75MUVB MUENCHRUECKUNSADR 110PairCorr
  0.63PKX POSCO HoldingsPairCorr
  0.62SDRC SCOR SEPairCorr
  0.58BRYN Berkshire HathawayPairCorr
  0.5765C COFACE SAPairCorr
  0.57BRYN Berkshire HathawayPairCorr
  0.56SR9A Swiss Re AGPairCorr
  0.55BRH Berkshire HathawayPairCorr
  0.51HNRB HANNRUECKVSE ADR 12ONPairCorr
  0.88T1D TRADEDOUBLERPairCorr
  0.84BTQ BT Group plcPairCorr
  0.8RHM Rheinmetall AGPairCorr
  0.77RAW Raiffeisen Bank IntePairCorr
  0.72SNK Sankyu IncPairCorr
  0.7EBO Erste Group BankPairCorr
  0.7SYT Softing AGPairCorr
  0.68QCG CALTAGIRONE SPA EOPairCorr
  0.63FB1 Farmer BrosPairCorr
  0.56NEW Netcall PLCPairCorr
  0.5552C 2CRSI SA Earnings Call This WeekPairCorr
  0.54CPW Check Point SoftwarePairCorr
  0.47MBQ Mobotix AGPairCorr
  0.82KBX Knorr Bremse AGPairCorr
  0.81YSN secunet Security NetworksPairCorr
  0.74NCL New China Life Earnings Call TomorrowPairCorr
  0.73B8 ShaMaran Petroleum CorpPairCorr

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   
A4A
+ 0.66
D7Q1
A4A
+ 0.46
0HE1
A4A
+ 0.44
SIA1
D7Q1
+ 0.43
0HE1
D7Q1
+ 0.17
SIA1
0HE1
+ 0.03
SIA1
  
High negative correlations   
A4A
- 0.66
A1G
A1G
- 0.57
SIA1
D7Q1
- 0.22
A1G
A1G
- 0.06
0HE1
N5A
- 0.0
A4A
N5A
- 0.0
D7Q1

Risk-Adjusted Indicators

There is a big difference between Reinsurance Stock performing well and Reinsurance Group 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 Reinsurance Group'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Reinsurance Group 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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Reinsurance Group Corporate Management

Elected by the shareholders, the Reinsurance Group's board of directors comprises two types of representatives: Reinsurance Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reinsurance. The board's role is to monitor Reinsurance Group's management team and ensure that shareholders' interests are well served. Reinsurance Group'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, Reinsurance Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
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