Reinsurance Group Correlations

RZB Stock

USD 24.66 0.02 0.08%

The current 90-days correlation between Reinsurance Group and Southern Co is 0.63 (i.e., Poor 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

Significant diversification

The correlation between Reinsurance Group of and DJI is 0.03 (i.e., Significant 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reinsurance Group of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Reinsurance Stock

0.73	UNMA	Unum Group	Pair Corr
0.66	DOMH	Dominari Holdings Earnings Call Next Week	Pair Corr
0.72	OXSQG	Oxford Square Capital	Pair Corr
0.61	YOTAR	Yotta Acquisition	Pair Corr
0.9	RWAYL	MSCI ACWI exAUCONSUMER	Pair Corr
0.81	RILYK	B Riley Financial	Pair Corr
0.62	RILYT	B Riley Financial	Pair Corr

Moving against Reinsurance Stock

0.79	MOGO	Mogo Inc	Pair Corr
0.76	FLYW	Flywire Corp	Pair Corr
0.74	FIS	Fidelity National	Pair Corr
0.74	PRE	Prenetics Global	Pair Corr
0.64	JNVR	Janover Common Stock	Pair Corr
0.53	STSSW	Sharps Technology Warrant	Pair Corr
0.45	AFGE	American Financial	Pair Corr
0.39	AIZN	Assurant	Pair Corr
0.84	AGMH	AGM Group Holdings	Pair Corr
0.79	MHLD	Maiden Holdings	Pair Corr
0.77	BKKT	Bakkt Holdings	Pair Corr
0.76	GICRE	General Insurance	Pair Corr
0.72	TIL	Till Capital	Pair Corr
0.69	DFIN	Donnelley Financial	Pair Corr
0.64	PAYO	Payoneer Global	Pair Corr
0.6	AMZN	Amazon Inc	Pair Corr
0.59	RGA	Reinsurance Group	Pair Corr
0.59	HNHPF	Hon Hai Precision	Pair Corr
0.49	SREA	DBA Sempra 5750	Pair Corr
0.48	RNR	Renaissancere Holdings	Pair Corr

Related Correlations Analysis

	SOJC	SFB	ENO	EAI	UNMA
SOJC		0.19	0.69	0.71	0.18	SOJC
SFB	0.19		0.1	0.31	0.89	SFB
ENO	0.69	0.1		0.78	0.16	ENO
EAI	0.71	0.31	0.78		0.31	EAI
UNMA	0.18	0.89	0.16	0.31		UNMA
	SOJC	SFB	ENO	EAI	UNMA

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SOJC	0.57	(0.01)	0.00	(0.12)	0.00	0.00	1.34	(1.31)	4.50
SFB	0.92	0.06	0.11	0.23	1.04	(0.98)	2.05	(1.67)	5.00
ENO	0.60	(0.02)	0.00	(0.15)	0.00	0.00	1.15	(1.36)	3.82
EAI	0.70	0.01	0.06	(0.04)	0.87	(0.80)	1.79	(1.36)	4.99
UNMA	0.59	0.05	0.12	0.08	0.69	(0.68)	1.40	(1.32)	4.08

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