Swiss Re Correlations

SSREF Stock

USD 162.45 0.00 0.00%

The current 90-days correlation between Swiss Re AG and Swiss Re is 0.44 (i.e., Very weak diversification). The correlation of Swiss Re 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.

Swiss Re Correlation With Market

Good diversification

The correlation between Swiss Re AG and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swiss Re AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Swiss Pink Sheet

0.91	MURGY	Muenchener Rueckver Ges	Pair Corr
0.89	MURGF	Münchener Rückversicherung	Pair Corr
0.96	SSREY	Swiss Re	Pair Corr
0.77	HVRRY	Hannover Re	Pair Corr
0.69	NDLS	Noodles Company	Pair Corr
0.81	RFACW	RF Acquisition Corp	Pair Corr
0.93	SDVKY	Sandvik AB ADR	Pair Corr
0.81	VALN	Valneva SE ADR	Pair Corr
0.83	ESLT	Elbit Systems Earnings Call This Week	Pair Corr
0.69	UBER	Uber Technologies Aggressive Push	Pair Corr
0.75	GECCI	Great Elm Capital	Pair Corr
0.94	AZO	AutoZone	Pair Corr
0.84	ASLE	AerSale Corp	Pair Corr
0.81	STAG	STAG Industrial Sell-off Trend	Pair Corr

Moving against Swiss Pink Sheet

0.62	RGA	Reinsurance Group	Pair Corr
0.61	LNDNF	Lundin Energy AB	Pair Corr
0.55	RNR	Renaissancere Holdings	Pair Corr
0.49	QEDN	Qed Connect	Pair Corr
0.48	INBX	Inhibrx Symbol Change	Pair Corr

Related Correlations Analysis

	SSREY	HVRRY	SCRYY	SPNT-PB	MHLD	GLRE	BNRE	RNR-PF	RE
SSREY		0.82	0.86	0.62	-0.86	-0.48	0.0	-0.34	0.0	SSREY
HVRRY	0.82		0.79	0.49	-0.61	-0.25	0.0	-0.13	0.0	HVRRY
SCRYY	0.86	0.79		0.66	-0.74	-0.42	0.0	-0.27	0.0	SCRYY
SPNT-PB	0.62	0.49	0.66		-0.57	-0.37	0.0	-0.31	0.0	SPNT-PB
MHLD	-0.86	-0.61	-0.74	-0.57		0.61	0.0	0.47	0.0	MHLD
GLRE	-0.48	-0.25	-0.42	-0.37	0.61		0.0	0.73	0.0	GLRE
BNRE	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BNRE
RNR-PF	-0.34	-0.13	-0.27	-0.31	0.47	0.73	0.0		0.0	RNR-PF
RE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		RE
	SSREY	HVRRY	SCRYY	SPNT-PB	MHLD	GLRE	BNRE	RNR-PF	RE

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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

SCRYY	+ 0.86	SSREY
HVRRY	+ 0.82	SSREY
SCRYY	+ 0.79	HVRRY
RNR-PF	+ 0.73	GLRE
SPNT-PB	+ 0.66	SCRYY
SPNT-PB	+ 0.62	SSREY

High negative correlations

MHLD	- 0.86	SSREY
MHLD	- 0.74	SCRYY
MHLD	- 0.61	HVRRY
MHLD	- 0.57	SPNT-PB
GLRE	- 0.48	SSREY
GLRE	- 0.42	SCRYY

Risk-Adjusted Indicators

There is a big difference between Swiss Pink Sheet performing well and Swiss Re 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 Swiss Re'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
SSREY	0.96	0.18	0.24	(1.91)	0.92	(1.06)	2.08	(1.85)	6.95
HVRRY	1.13	0.22	0.19	0.59	1.33	(1.22)	2.50	(3.05)	6.52
SCRYY	2.39	0.30	0.12	1.36	2.70	(2.92)	5.69	(5.09)	16.03
SPNT-PB	0.20	0.01	0.43	(0.76)	0.18	(0.23)	0.48	(0.40)	1.36
MHLD	5.59	(0.57)	0.00	(0.52)	0.00	0.00	9.09	(10.00)	53.37
GLRE	1.21	(0.11)	0.00	(0.27)	0.00	0.00	2.41	(2.69)	6.11
BNRE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RNR-PF	0.61	(0.08)	0.00	(0.35)	0.00	0.00	1.69	(1.23)	4.36
RE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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Our tools can tell you how much better you can do entering a position in Swiss Re 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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Swiss Re Corporate Management

Youngran Kim	Group Officer	Profile
Guido Furer	Group Switzerland	Profile
Thomas Bohun	Head Relations	Profile
Hermann Geiger	Group Chief Legal Officer	Profile
Mark Senkevics	Australia Asia	Profile
Elena Logutenkova	Head Reporting	Profile

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