W R Correlations

WRB Stock

USD 63.69 0.29 0.46%

The current 90-days correlation between W R Berkley and CNA Financial is 0.59 (i.e., Very weak diversification). The correlation of W R 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.

W R Correlation With Market

Weak diversification

The correlation between W R Berkley and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding W R Berkley and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in W R Berkley. 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 WRB Stock

0.7	CB	Chubb	Pair Corr
0.69	ALL	Allstate Sell-off Trend	Pair Corr
0.76	HCI	HCI Group	Pair Corr
0.9	HIG	Hartford Financial	Pair Corr
0.82	HMN	Horace Mann Educators	Pair Corr
0.71	MKL	Markel	Pair Corr
0.8	ORI	Old Republic Interna	Pair Corr
0.91	PGR	Progressive Corp	Pair Corr
0.91	THG	Hanover Insurance	Pair Corr
0.81	TRV	The Travelers Companies	Pair Corr
0.63	UVE	Universal Insurance	Pair Corr
0.67	ALL-PJ	Allstate	Pair Corr
0.87	PLMR	Palomar Holdings	Pair Corr
0.84	ROOT	Root Inc Normal Trading	Pair Corr

Moving against WRB Stock

0.6	AFG	American Financial	Pair Corr
0.33	GBLI	Global Indemnity PLC	Pair Corr
0.52	SIGI	Selective Insurance Normal Trading	Pair Corr
0.48	NODK	NI Holdings	Pair Corr
0.43	SAFT	Safety Insurance	Pair Corr
0.33	WTM	White Mountains Insurance	Pair Corr

Related Correlations Analysis

	SIGI	HMN	KMPR	PRA	CNA	ALL	CB	TRV	MKL
SIGI		-0.35	-0.13	0.61	-0.29	-0.05	-0.05	-0.23	-0.66	SIGI
HMN	-0.35		0.62	0.3	0.57	0.64	0.59	0.62	0.6	HMN
KMPR	-0.13	0.62		0.28	0.73	0.54	0.43	0.55	0.6	KMPR
PRA	0.61	0.3	0.28		0.03	0.45	0.45	0.27	-0.3	PRA
CNA	-0.29	0.57	0.73	0.03		0.46	0.41	0.54	0.7	CNA
ALL	-0.05	0.64	0.54	0.45	0.46		0.94	0.85	0.24	ALL
CB	-0.05	0.59	0.43	0.45	0.41	0.94		0.9	0.24	CB
TRV	-0.23	0.62	0.55	0.27	0.54	0.85	0.9		0.49	TRV
MKL	-0.66	0.6	0.6	-0.3	0.7	0.24	0.24	0.49		MKL
	SIGI	HMN	KMPR	PRA	CNA	ALL	CB	TRV	MKL

Click cells to compare fundamentals

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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

CB	+ 0.94	ALL
TRV	+ 0.9	CB
TRV	+ 0.85	ALL
CNA	+ 0.73	KMPR
MKL	+ 0.7	CNA
ALL	+ 0.64	HMN

High negative correlations

MKL	- 0.66	SIGI
HMN	- 0.35	SIGI
MKL	- 0.3	PRA
CNA	- 0.29	SIGI
TRV	- 0.23	SIGI
KMPR	- 0.13	SIGI

Risk-Adjusted Indicators

There is a big difference between WRB Stock performing well and W R 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 W R'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
SIGI	1.36	(0.06)	0.00	(0.24)	0.00	0.00	2.62	(2.27)	15.02
HMN	1.26	0.12	0.07	0.04	1.87	(1.14)	2.19	(3.10)	9.56
KMPR	1.32	0.11	0.07	0.02	1.68	(1.27)	2.63	(2.58)	7.37
PRA	1.50	0.02	0.00	(0.07)	0.00	0.00	2.56	(2.98)	17.29
CNA	0.99	0.09	0.10	0.07	1.26	(1.04)	1.91	(2.28)	5.91
ALL	1.31	0.16	0.11	0.12	1.55	(1.40)	2.72	(2.37)	8.73
CB	1.01	0.15	0.17	0.37	1.09	(1.07)	2.22	(1.85)	5.98
TRV	1.07	0.15	0.13	0.12	1.29	(1.19)	2.38	(1.97)	5.76
MKL	1.12	0.16	0.14	0.10	1.20	(1.32)	2.06	(2.37)	13.74

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