Chubb Correlations

CB Stock

USD 326.17 4.80 1.45%

The current 90-days correlation between Chubb and Progressive Corp is 0.57 (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

Poor diversification

The correlation between Chubb and DJI is 0.65 (i.e., Poor 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

0.9	CNA	CNA Financial	Pair Corr
0.79	WTM	White Mountains Insurance	Pair Corr
0.72	FCAP	First Capital	Pair Corr
0.7	OBYCF	Obayashi	Pair Corr
0.63	BAC	Bank of America Sell-off Trend	Pair Corr
0.63	AA	Alcoa Corp	Pair Corr

Moving against Chubb Stock

0.54	FSTF	First State Financial	Pair Corr
0.39	WRB	W R Berkley	Pair Corr
0.35	ERHE	ERHC Energy	Pair Corr
0.32	AMSF	AMERISAFE	Pair Corr
0.55	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	PGR	IBN	BBVA	TRV	MMC	IBKR	KKR	BAC	BMO	UBS
PGR		0.01	-0.11	0.46	-0.65	-0.65	0.5	0.25	-0.22	-0.01	PGR
IBN	0.01		-0.36	0.17	-0.04	-0.21	-0.13	0.07	-0.26	-0.41	IBN
BBVA	-0.11	-0.36		-0.02	-0.27	0.68	-0.04	0.27	0.92	0.9	BBVA
TRV	0.46	0.17	-0.02		-0.51	-0.37	-0.18	0.41	0.06	-0.02	TRV
MMC	-0.65	-0.04	-0.27	-0.51		0.33	-0.29	-0.23	-0.21	-0.24	MMC
IBKR	-0.65	-0.21	0.68	-0.37	0.33		-0.32	0.01	0.73	0.54	IBKR
KKR	0.5	-0.13	-0.04	-0.18	-0.29	-0.32		0.39	-0.21	0.22	KKR
BAC	0.25	0.07	0.27	0.41	-0.23	0.01	0.39		0.32	0.48	BAC
BMO	-0.22	-0.26	0.92	0.06	-0.21	0.73	-0.21	0.32		0.79	BMO
UBS	-0.01	-0.41	0.9	-0.02	-0.24	0.54	0.22	0.48	0.79		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	+ 0.92	BBVA
UBS	+ 0.9	BBVA
UBS	+ 0.79	BMO
BMO	+ 0.73	IBKR
IBKR	+ 0.68	BBVA
UBS	+ 0.54	IBKR

High negative correlations

IBKR	- 0.65	PGR
MMC	- 0.65	PGR
MMC	- 0.51	TRV
UBS	- 0.41	IBN
IBKR	- 0.37	TRV
BBVA	- 0.36	IBN

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	1.02	0.03	(0.04)	0.58	1.45	(1.04)	2.24	(2.11)	8.94
IBN	0.81	(0.03)	(0.06)	0.03	1.17	(0.86)	1.76	(1.75)	7.06
BBVA	1.43	0.24	0.10	0.28	2.13	(1.43)	2.94	(2.00)	12.95
TRV	0.77	0.17	0.10	1.12	0.71	(0.88)	1.85	(0.97)	6.91
MMC	0.94	(0.15)	0.00	0.52	0.00	0.00	1.97	(1.64)	9.33
IBKR	1.85	(0.01)	0.04	0.08	2.40	(1.88)	5.13	(3.97)	11.83
KKR	1.76	(0.30)	0.00	(0.06)	0.00	0.00	4.06	(4.78)	14.09
BAC	0.96	0.10	0.00	(0.84)	1.35	(0.96)	1.73	(2.16)	5.64
BMO	0.96	0.18	0.14	0.29	0.98	(1.05)	2.12	(1.62)	6.14
UBS	1.19	0.18	0.08	0.32	1.67	(1.23)	2.57	(2.41)	10.86

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