TRAVELERS Correlations

89420GAE9

111.34 1.68 1.53%

The current 90-days correlation between TRAVELERS PPTY CAS and CF Industries Holdings is 0.04 (i.e., Significant diversification). The correlation of TRAVELERS 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.

TRAVELERS Correlation With Market

Good diversification

The correlation between TRAVELERS PPTY CAS and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TRAVELERS PPTY CAS and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with TRAVELERS Bond

0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.76	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.69	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.61	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.76	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.73	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.64	GE	GE Aerospace Sell-off Trend	Pair Corr
0.85	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against TRAVELERS Bond

0.8	CSCO	Cisco Systems	Pair Corr
0.78	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.77	DIS	Walt Disney	Pair Corr
0.7	BAC	Bank of America Aggressive Push	Pair Corr
0.7	WMT	Walmart	Pair Corr
0.67	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.66	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.41	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.33	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	CF	UG	AXTA	TKR	SPB	KBDCY	FSI	EPC
CF		-0.38	0.4	-0.26	0.29	-0.12	-0.11	0.27	CF
UG	-0.38		-0.3	0.83	0.18	-0.42	-0.26	-0.11	UG
AXTA	0.4	-0.3		-0.04	0.75	-0.65	0.62	0.75	AXTA
TKR	-0.26	0.83	-0.04		0.4	-0.63	-0.08	0.17	TKR
SPB	0.29	0.18	0.75	0.4		-0.8	0.37	0.77	SPB
KBDCY	-0.12	-0.42	-0.65	-0.63	-0.8		-0.38	-0.54	KBDCY
FSI	-0.11	-0.26	0.62	-0.08	0.37	-0.38		0.46	FSI
EPC	0.27	-0.11	0.75	0.17	0.77	-0.54	0.46		EPC
	CF	UG	AXTA	TKR	SPB	KBDCY	FSI	EPC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TKR	+ 0.83	UG
EPC	+ 0.77	SPB
SPB	+ 0.75	AXTA
EPC	+ 0.75	AXTA
FSI	+ 0.62	AXTA
EPC	+ 0.46	FSI

High negative correlations

KBDCY	- 0.8	SPB
KBDCY	- 0.65	AXTA
KBDCY	- 0.63	TKR
EPC	- 0.54	KBDCY
KBDCY	- 0.42	UG
FSI	- 0.38	KBDCY

Risk-Adjusted Indicators

There is a big difference between TRAVELERS Bond performing well and TRAVELERS Corporate Bond 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'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
CF	1.22	0.03	0.01	0.16	1.64	(1.20)	2.71	(2.67)	6.82
UG	2.41	(0.63)	0.00	5.04	0.00	0.00	3.59	(6.49)	23.10
AXTA	1.16	(0.06)	0.00	(0.26)	0.00	0.00	2.33	(2.15)	12.01
TKR	1.40	(0.13)	0.00	0.14	0.00	0.00	2.64	(2.47)	15.55
SPB	0.96	(0.14)	0.00	6.82	0.00	0.00	1.69	(2.28)	7.91
KBDCY	0.07	0.03	0.00	(0.18)	0.00	0.00	0.00	0.00	2.28
FSI	2.18	0.13	0.03	2.57	3.03	(2.38)	6.31	(4.00)	22.22
EPC	1.14	(0.13)	0.00	(0.40)	0.00	0.00	2.18	(2.51)	6.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in TRAVELERS 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.

Did you try this?

Run Portfolio Center Now

Portfolio Center

All portfolio management and optimization tools to improve performance of your portfolios

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC