Chubb Correlations

CB Stock

USD 301.06 0.29 0.1%

The current 90-days correlation between Chubb and Progressive Corp is 0.6 (i.e., Poor 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

Significant diversification

The correlation between Chubb and DJI is 0.07 (i.e., Significant 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

0.88	FIHL	Fidelis Insurance Potential Growth	Pair Corr
0.95	ACT	Enact Holdings	Pair Corr
0.8	AGO	Assured Guaranty	Pair Corr
0.95	AIZ	Assurant	Pair Corr
0.69	ALL	Allstate	Pair Corr
0.93	AXS	AXIS Capital Holdings	Pair Corr
0.64	BOW	Bowhead Specialty	Pair Corr
0.83	CNA	CNA Financial	Pair Corr
0.74	MCY	Mercury General	Pair Corr
0.79	MKL	Markel	Pair Corr
0.86	ORI	Old Republic Interna Earnings Call This Week	Pair Corr
0.61	PGR	Progressive Corp Earnings Call Next Week	Pair Corr
0.66	THG	Hanover Insurance	Pair Corr
0.79	TRV	The Travelers Companies	Pair Corr
0.84	WTM	White Mountains Insurance	Pair Corr
0.66	HGTY	Hagerty	Pair Corr
0.69	HRTG	Heritage Insurance Hldgs	Pair Corr

Moving against Chubb Stock

0.65	AII	American Integrity	Pair Corr
0.5	KFS	Kingsway Financial	Pair Corr
0.47	ERIE	Erie Indemnity	Pair Corr
0.43	HCI	HCI Group	Pair Corr
0.62	GOCO	GoHealth	Pair Corr
0.46	ADM	Admiral Group PLC	Pair Corr
0.58	KMPR	Kemper	Pair Corr
0.57	BEZ	Beazley plc	Pair Corr
0.55	MHLA	Maiden Holdings	Pair Corr
0.32	HUIZ	Huize Holding	Pair Corr

Related Correlations Analysis

	PGR	IBN	BBVA	TRV	MMC	IBKR	KKR	BAC	BMO	UBS
PGR		-0.06	0.41	0.66	-0.04	-0.6	0.48	0.37	0.3	0.3	PGR
IBN	-0.06		-0.1	0.0	-0.23	0.1	-0.18	-0.14	-0.3	-0.22	IBN
BBVA	0.41	-0.1		0.5	-0.33	0.11	0.74	0.74	0.6	0.86	BBVA
TRV	0.66	0.0	0.5		-0.56	-0.52	0.31	0.54	-0.09	0.27	TRV
MMC	-0.04	-0.23	-0.33	-0.56		0.09	-0.06	-0.22	0.43	0.05	MMC
IBKR	-0.6	0.1	0.11	-0.52	0.09		0.06	0.13	0.3	0.26	IBKR
KKR	0.48	-0.18	0.74	0.31	-0.06	0.06		0.76	0.68	0.72	KKR
BAC	0.37	-0.14	0.74	0.54	-0.22	0.13	0.76		0.47	0.74	BAC
BMO	0.3	-0.3	0.6	-0.09	0.43	0.3	0.68	0.47		0.76	BMO
UBS	0.3	-0.22	0.86	0.27	0.05	0.26	0.72	0.74	0.76		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

UBS	+ 0.86	BBVA
BAC	+ 0.76	KKR
UBS	+ 0.76	BMO
KKR	+ 0.74	BBVA
BAC	+ 0.74	BBVA
UBS	+ 0.74	BAC

High negative correlations

IBKR	- 0.6	PGR
MMC	- 0.56	TRV
IBKR	- 0.52	TRV
MMC	- 0.33	BBVA
BMO	- 0.3	IBN
MMC	- 0.23	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	1.06	(0.08)	0.00	(0.36)	0.00	0.00	1.94	(2.10)	8.94
IBN	0.72	(0.13)	0.00	(1.10)	0.00	0.00	1.41	(2.01)	7.06
BBVA	1.25	0.41	0.25	0.64	1.10	(1.38)	2.92	(1.98)	9.86
TRV	0.74	(0.02)	(0.06)	0.01	1.01	(0.78)	1.54	(1.47)	6.91
MMC	0.94	(0.19)	0.00	(1.34)	0.00	0.00	1.97	(1.64)	9.33
IBKR	1.79	(0.07)	0.00	0.03	2.40	(1.75)	3.71	(3.35)	11.65
KKR	1.51	(0.12)	(0.03)	0.00	2.31	(1.47)	3.72	(4.32)	8.58
BAC	0.99	(0.07)	(0.04)	0.00	1.50	(0.91)	1.68	(2.28)	5.64
BMO	0.81	0.11	0.05	2.76	0.99	(0.80)	1.70	(1.68)	4.05
UBS	1.07	0.25	0.15	3.40	1.07	(1.21)	2.57	(2.07)	6.73

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