Country-Wide Insurance Correlations

CWID Stock

USD 2.15 0.00 0.00%

The current 90-days correlation between Country Wide Insurance and American International Group is -0.06 (i.e., Good diversification). The correlation of Country-Wide Insurance 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.

Country-Wide Insurance Correlation With Market

Very weak diversification

The correlation between Country Wide Insurance 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 Country Wide Insurance and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Country-Wide Pink Sheet

0.62	EXR	Extra Space Storage	Pair Corr
0.61	CP	Canadian Pacific Railway	Pair Corr
0.83	O	Realty Income	Pair Corr
0.71	SPG	Simon Property Group	Pair Corr
0.81	MCCK	Mestek Inc	Pair Corr
0.86	MTGRF	Mount Gibson Iron Earnings Call Tomorrow	Pair Corr
0.9	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.75	CVLG	Covenant Logistics	Pair Corr
0.66	HRZN	Horizon Technology	Pair Corr
0.86	IDXG	Interpace Biosciences	Pair Corr
0.82	GFR	Greenfire Resources	Pair Corr
0.68	SOME	Somerset Trust Holding	Pair Corr
0.67	SBGSY	Schneider Electric	Pair Corr

Moving against Country-Wide Pink Sheet

0.51	BRK-A	Berkshire Hathaway	Pair Corr
0.4	AIG	American International Earnings Call This Week	Pair Corr
0.4	STI	Solidion Technology	Pair Corr
0.38	PNGM	Er Therapeutics	Pair Corr
0.34	ZFSVF	Zurich Insurance Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BRK-A	ALIZF	ALIZY	AXAHY	ZURVY	ZFSVF	AXAHF	AIG
BRK-A		-0.15	-0.12	0.02	0.22	0.21	0.04	0.33	BRK-A
ALIZF	-0.15		0.88	0.81	0.71	0.6	0.77	0.49	ALIZF
ALIZY	-0.12	0.88		0.94	0.84	0.71	0.89	0.56	ALIZY
AXAHY	0.02	0.81	0.94		0.92	0.81	0.95	0.74	AXAHY
ZURVY	0.22	0.71	0.84	0.92		0.85	0.87	0.8	ZURVY
ZFSVF	0.21	0.6	0.71	0.81	0.85		0.74	0.74	ZFSVF
AXAHF	0.04	0.77	0.89	0.95	0.87	0.74		0.71	AXAHF
AIG	0.33	0.49	0.56	0.74	0.8	0.74	0.71		AIG
	BRK-A	ALIZF	ALIZY	AXAHY	ZURVY	ZFSVF	AXAHF	AIG

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

AXAHF	+ 0.95	AXAHY
AXAHY	+ 0.94	ALIZY
ZURVY	+ 0.92	AXAHY
AXAHF	+ 0.89	ALIZY
ALIZY	+ 0.88	ALIZF
AXAHF	+ 0.87	ZURVY

High negative correlations

ALIZF	- 0.15	BRK-A
ALIZY	- 0.12	BRK-A

Risk-Adjusted Indicators

There is a big difference between Country-Wide Pink Sheet performing well and Country-Wide Insurance 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 Country-Wide Insurance'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
BRK-A	0.67	(0.01)	(0.06)	0.03	0.90	(0.67)	1.42	(1.41)	4.33
ALIZF	1.61	0.11	0.02	(0.69)	1.75	(1.88)	3.57	(2.92)	9.75
ALIZY	0.82	0.05	0.02	0.16	1.00	(0.91)	1.74	(1.99)	5.43
AXAHY	0.84	(0.02)	(0.04)	0.03	1.13	(0.79)	1.77	(1.72)	5.45
ZURVY	0.81	(0.01)	(0.04)	0.04	1.19	(0.79)	1.65	(1.90)	6.45
ZFSVF	1.41	0.01	(0.01)	0.09	1.91	(1.41)	2.83	(2.97)	8.70
AXAHF	1.08	0.03	(0.01)	0.14	1.32	(1.48)	2.70	(2.44)	7.13
AIG	1.16	0.03	(0.01)	0.20	1.81	(1.14)	2.48	(2.37)	13.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in Country-Wide Insurance 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.

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