Travelers Companies Correlations

TRV Stock

USD 252.51 4.27 1.72%

The current 90-days correlation between The Travelers Companies and Progressive Corp is 0.66 (i.e., Poor diversification). The correlation of Travelers Companies 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.

Travelers Companies Correlation With Market

Weak diversification

The correlation between The Travelers Companies and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Travelers Companies and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Travelers Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Travelers Stock

0.85	CB	Chubb	Pair Corr
0.66	AFG	American Financial	Pair Corr
0.79	ALL	Allstate	Pair Corr
0.61	BOW	Bowhead Specialty	Pair Corr
0.68	CNA	CNA Financial	Pair Corr
0.65	MCY	Mercury General	Pair Corr
0.64	PRA	ProAssurance Upward Rally	Pair Corr
0.61	RLI	RLI Corp	Pair Corr
0.71	STC	Stewart Information Normal Trading	Pair Corr
0.67	THG	Hanover Insurance	Pair Corr
0.82	UVE	Universal Insurance	Pair Corr
0.74	WRB	W R Berkley Normal Trading	Pair Corr
0.66	WTM	White Mountains Insurance	Pair Corr
0.81	HGTY	Hagerty	Pair Corr
0.92	KMPR	Kemper	Pair Corr
0.61	KNSL	Kinsale Capital Group	Pair Corr
0.68	LMND	Lemonade	Pair Corr
0.8	SIGIP	Selective Insurance	Pair Corr
0.68	SAFT	Safety Insurance	Pair Corr
0.69	WRB-PH	WR Berkley	Pair Corr

Moving against Travelers Stock

0.31	GBLI	Global Indemnity PLC	Pair Corr
0.61	ARGO-PA	Argo Group International	Pair Corr
0.37	C	Citigroup	Pair Corr
0.31	V	Visa Class A	Pair Corr

Related Correlations Analysis

	PGR	CB	CINF	WRB	ALL	MKL	RLI	CNA	WTM
PGR		0.2	0.17	0.78	0.3	0.46	-0.01	0.62	0.08	PGR
CB	0.2		0.85	0.55	0.91	-0.3	0.81	0.5	0.77	CB
CINF	0.17	0.85		0.57	0.84	-0.45	0.9	0.42	0.73	CINF
WRB	0.78	0.55	0.57		0.67	0.34	0.39	0.75	0.49	WRB
ALL	0.3	0.91	0.84	0.67		-0.19	0.78	0.57	0.79	ALL
MKL	0.46	-0.3	-0.45	0.34	-0.19		-0.52	0.43	-0.1	MKL
RLI	-0.01	0.81	0.9	0.39	0.78	-0.52		0.19	0.67	RLI
CNA	0.62	0.5	0.42	0.75	0.57	0.43	0.19		0.48	CNA
WTM	0.08	0.77	0.73	0.49	0.79	-0.1	0.67	0.48		WTM
	PGR	CB	CINF	WRB	ALL	MKL	RLI	CNA	WTM

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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

ALL	+ 0.91	CB
RLI	+ 0.9	CINF
CINF	+ 0.85	CB
ALL	+ 0.84	CINF
RLI	+ 0.81	CB
WTM	+ 0.79	ALL

High negative correlations

RLI	- 0.52	MKL
MKL	- 0.45	CINF
MKL	- 0.3	CB
MKL	- 0.19	ALL
WTM	- 0.1	MKL
RLI	- 0.01	PGR

Risk-Adjusted Indicators

There is a big difference between Travelers Stock performing well and Travelers Companies 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 Travelers Companies' 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
PGR	0.99	0.13	0.11	0.21	1.01	(1.12)	2.50	(1.80)	6.65
CB	0.83	(0.11)	0.00	3.56	0.00	0.00	1.43	(1.69)	5.20
CINF	1.06	(0.14)	0.00	(0.18)	0.00	0.00	2.63	(2.95)	6.94
WRB	0.98	0.05	0.04	0.09	1.17	(1.01)	2.20	(1.67)	5.89
ALL	1.18	(0.07)	0.00	1.02	0.00	0.00	2.89	(2.37)	8.77
MKL	1.03	0.13	0.11	0.18	1.03	(1.22)	1.58	(2.11)	13.11
RLI	1.00	(0.21)	0.00	(1.66)	0.00	0.00	1.82	(2.00)	9.92
CNA	0.99	(0.03)	0.00	(0.05)	0.00	0.00	1.68	(1.87)	5.80
WTM	1.03	(0.08)	0.00	(0.45)	0.00	0.00	2.49	(2.32)	6.59

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