Chubb Correlations

CB Stock

USD 342.76 1.90 0.56%

The current 90-days correlation between Chubb and Progressive Corp is 0.55 (i.e., Very weak diversification). The correlation of Chubb 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.

Chubb Correlation With Market

Very weak diversification

The correlation between Chubb and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chubb and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Chubb Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chubb. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Chubb Stock refer to our How to Trade Chubb Stock guide.

Moving together with Chubb Stock

0.68	2D7	Beazley PLC Earnings Call Tomorrow	Pair Corr
0.8	ANK	Sompo Holdings	Pair Corr
0.65	TSU	Trisura Group	Pair Corr
0.63	EURK	Eureka Acquisition Corp	Pair Corr
0.8	FIHL	Fidelis Insurance Earnings Call Tomorrow	Pair Corr
0.9	ACT	Enact Holdings Normal Trading	Pair Corr
0.83	CNA	CNA Financial Normal Trading	Pair Corr
0.62	FAF	First American	Pair Corr
0.79	FVN	Future Vision II	Pair Corr
0.9	LRE	Lancashire Holdings Earnings Call Tomorrow	Pair Corr
0.86	PRA	ProAssurance	Pair Corr

Moving against Chubb Stock

0.6	ERIE	Erie Indemnity	Pair Corr
0.54	SU4	Suncorp Group Limited	Pair Corr
0.51	FERA	Fifth Era Acquisition	Pair Corr
0.44	PGV	Progressive	Pair Corr
0.36	AII	American Integrity	Pair Corr
0.84	GOCO	GoHealth	Pair Corr
0.68	MBI	MBIA Inc	Pair Corr
0.6	FGPN	Ambac Financial Group	Pair Corr
0.39	ADM	Admiral Group PLC Earnings Call This Week	Pair Corr
0.36	NRM	Insurance Australia	Pair Corr
0.34	KFS	Kingsway Financial	Pair Corr
0.31	STC	Stewart Information Normal Trading	Pair Corr

Related Correlations Analysis

	PGR	IBN	BBVA	TRV	MMC	IBKR	KKR	BAC	BMO	UBS
PGR		-0.18	-0.53	0.01	0.02	-0.74	0.52	0.27	-0.6	-0.18	PGR
IBN	-0.18		-0.22	0.25	0.31	0.07	-0.25	0.11	0.16	-0.39	IBN
BBVA	-0.53	-0.22		-0.2	-0.48	0.77	-0.2	0.03	0.57	0.77	BBVA
TRV	0.01	0.25	-0.2		0.1	0.04	-0.72	-0.13	0.5	-0.4	TRV
MMC	0.02	0.31	-0.48	0.1		-0.23	-0.19	-0.34	-0.26	-0.74	MMC
IBKR	-0.74	0.07	0.77	0.04	-0.23		-0.54	-0.24	0.82	0.4	IBKR
KKR	0.52	-0.25	-0.2	-0.72	-0.19	-0.54		0.53	-0.79	0.29	KKR
BAC	0.27	0.11	0.03	-0.13	-0.34	-0.24	0.53		-0.28	0.37	BAC
BMO	-0.6	0.16	0.57	0.5	-0.26	0.82	-0.79	-0.28		0.17	BMO
UBS	-0.18	-0.39	0.77	-0.4	-0.74	0.4	0.29	0.37	0.17		UBS
	PGR	IBN	BBVA	TRV	MMC	IBKR	KKR	BAC	BMO	UBS

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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

BMO	+ 0.82	IBKR
IBKR	+ 0.77	BBVA
UBS	+ 0.77	BBVA
BMO	+ 0.57	BBVA
BAC	+ 0.53	KKR
KKR	+ 0.52	PGR

High negative correlations

BMO	- 0.79	KKR
UBS	- 0.74	MMC
IBKR	- 0.74	PGR
KKR	- 0.72	TRV
BMO	- 0.6	PGR
KKR	- 0.54	IBKR

Risk-Adjusted Indicators

There is a big difference between Chubb Stock performing well and Chubb 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 Chubb'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
PGR	1.12	0.00	(0.04)	0.11	1.48	(1.21)	2.24	(2.22)	8.71
IBN	0.84	(0.07)	0.00	(0.03)	0.00	0.00	1.76	(2.05)	7.06
BBVA	1.46	0.04	0.02	0.10	2.51	(1.34)	2.71	(3.22)	12.57
TRV	0.78	0.09	0.03	0.46	0.93	(0.82)	1.85	(1.47)	5.30
MMC	0.94	(0.19)	0.00	(0.96)	0.00	0.00	1.97	(1.64)	9.33
IBKR	1.79	0.08	0.07	0.11	2.10	(1.82)	5.14	(3.85)	11.82
KKR	1.99	(0.54)	0.00	(0.14)	0.00	0.00	4.06	(6.34)	14.09
BAC	1.11	(0.15)	0.00	(0.04)	0.00	0.00	1.86	(2.81)	7.62
BMO	1.09	0.20	0.13	0.24	1.34	(1.12)	2.13	(2.46)	7.40
UBS	1.26	0.11	0.05	0.23	1.73	(1.26)	2.57	(2.44)	10.86

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