Everest Correlations

EG Stock

385.11 8.24 2.19%

The current 90-days correlation between Everest Group and Reinsurance Group of is 0.61 (i.e., Poor diversification). The correlation of Everest 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.

Everest Correlation With Market

Very weak diversification

The correlation between Everest Group and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Everest Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Everest Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving against Everest Stock

0.56	SPNT-PB	SiriusPoint	Pair Corr
0.54	V	Visa Class A	Pair Corr
0.49	DIST	Distoken Acquisition	Pair Corr
0.49	BX	Blackstone Group Normal Trading	Pair Corr
0.47	AX	Axos Financial	Pair Corr
0.47	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.45	AB	AllianceBernstein	Pair Corr
0.41	CG	Carlyle Group	Pair Corr
0.4	C	Citigroup Aggressive Push	Pair Corr
0.39	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.37	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr
0.34	GLRE	Greenlight Capital	Pair Corr
0.33	BNT	Brookfield Wealth Symbol Change	Pair Corr
0.32	AC	Associated Capital	Pair Corr
0.32	BN	Brookfield Corp	Pair Corr
0.58	LC	LendingClub Corp	Pair Corr
0.52	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.49	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.48	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.48	VALU	Value Line	Pair Corr
0.47	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.47	QD	Qudian Inc	Pair Corr
0.45	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.42	WT	WisdomTree	Pair Corr

Related Correlations Analysis

	MHLD	RGA	OXBR	GLRE	RNR-PG	SCRYY	SPNT-PB
MHLD		0.14	-0.18	0.28	-0.05	-0.08	-0.09	MHLD
RGA	0.14		0.37	0.79	-0.22	0.46	0.51	RGA
OXBR	-0.18	0.37		0.18	0.05	0.64	0.61	OXBR
GLRE	0.28	0.79	0.18		-0.09	0.33	0.52	GLRE
RNR-PG	-0.05	-0.22	0.05	-0.09		-0.2	-0.33	RNR-PG
SCRYY	-0.08	0.46	0.64	0.33	-0.2		0.62	SCRYY
SPNT-PB	-0.09	0.51	0.61	0.52	-0.33	0.62		SPNT-PB
	MHLD	RGA	OXBR	GLRE	RNR-PG	SCRYY	SPNT-PB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GLRE	+ 0.79	RGA
SCRYY	+ 0.64	OXBR
SPNT-PB	+ 0.62	SCRYY
SPNT-PB	+ 0.61	OXBR
SPNT-PB	+ 0.52	GLRE
SPNT-PB	+ 0.51	RGA

High negative correlations

SPNT-PB	- 0.33	RNR-PG
RNR-PG	- 0.22	RGA
SCRYY	- 0.2	RNR-PG
OXBR	- 0.18	MHLD
RNR-PG	- 0.09	GLRE
SPNT-PB	- 0.09	MHLD

Risk-Adjusted Indicators

There is a big difference between Everest Stock performing well and Everest 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 Everest'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
MHLD	3.01	(0.38)	0.00	(0.03)	0.00	0.00	7.06	(5.18)	21.08
RGA	1.08	0.03	0.04	0.11	1.26	(1.18)	2.26	(1.93)	10.03
OXBR	3.54	0.71	0.13	(0.91)	3.74	(3.89)	8.85	(6.90)	16.51
GLRE	1.09	0.03	0.05	0.11	1.29	(1.19)	3.28	(2.51)	12.12
RNR-PG	0.46	(0.03)	0.00	1.47	0.00	0.00	0.75	(1.01)	3.37
SCRYY	2.12	0.43	0.13	(1.15)	2.05	(2.81)	5.61	(4.09)	12.99
SPNT-PB	0.21	0.03	(0.25)	(0.41)	0.07	(0.25)	0.52	(0.36)	1.04

Everest Corporate Management

James Williamson	Group EVP	Profile
Terrence Walker	VP Officer	Profile
Dawn Lauer	Senior Officer	Profile
Srini Maddineni	Senior Officer	Profile
Michael Karmilowicz	Executive Insurance	Profile
Matthew Rohrmann	Senior Relations	Profile
Brian Bedner	Head Finance	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC