Everest Group Correlations

ERE Stock

EUR 334.20 3.40 1.01%

The current 90-days correlation between Everest Group and Swiss Re AG is 0.02 (i.e., Significant diversification). The correlation of Everest Group 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 Group Correlation With Market

Weak diversification

The correlation between Everest Group and DJI is 0.39 (i.e., 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.

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

Moving together with Everest Stock

0.63

RRJ

RenaissanceRe Holdings

Pair Corr

Moving against Everest Stock

0.56	BRH	Berkshire Hathaway	Pair Corr
0.32	WRC	WOLFDEN RES P	Pair Corr

Related Correlations Analysis

	MUVB	SR9A	HNRB	ERE	RGPB	RRJ	SDRC	65C
MUVB		0.54	0.74	0.28	-0.01	0.28	0.4	-0.26	MUVB
SR9A	0.54		0.15	0.29	0.58	0.53	0.92	-0.61	SR9A
HNRB	0.74	0.15		0.41	-0.25	0.2	0.08	0.05	HNRB
ERE	0.28	0.29	0.41		0.5	0.63	0.35	0.2	ERE
RGPB	-0.01	0.58	-0.25	0.5		0.59	0.63	-0.09	RGPB
RRJ	0.28	0.53	0.2	0.63	0.59		0.57	-0.03	RRJ
SDRC	0.4	0.92	0.08	0.35	0.63	0.57		-0.44	SDRC
65C	-0.26	-0.61	0.05	0.2	-0.09	-0.03	-0.44		65C
	MUVB	SR9A	HNRB	ERE	RGPB	RRJ	SDRC	65C

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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

SDRC	+ 0.92	SR9A
HNRB	+ 0.74	MUVB
RRJ	+ 0.63	ERE
SDRC	+ 0.63	RGPB
RRJ	+ 0.59	RGPB
RGPB	+ 0.58	SR9A

High negative correlations

65C	- 0.61	SR9A
65C	- 0.44	SDRC
65C	- 0.26	MUVB
RGPB	- 0.25	HNRB
65C	- 0.09	RGPB
65C	- 0.03	RRJ

Risk-Adjusted Indicators

There is a big difference between Everest Stock performing well and Everest Group 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 Group'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
MUVB	1.74	0.02	0.00	0.32	2.27	(1.83)	4.20	(3.78)	10.66
SR9A	1.29	0.20	0.11	(3.48)	1.25	(1.78)	3.38	(2.30)	10.38
HNRB	1.00	(0.04)	0.00	(0.22)	0.00	0.00	2.46	(1.93)	6.26
ERE	1.31	(0.06)	0.00	(0.04)	0.00	0.00	3.13	(2.42)	10.97
RGPB	1.53	(0.01)	0.00	0.01	2.00	(1.90)	3.34	(3.47)	11.74
RRJ	1.53	0.03	0.01	0.05	2.25	(1.80)	3.17	(3.91)	11.87
SDRC	1.49	0.27	0.16	2.14	1.39	(1.76)	2.93	(2.42)	13.43
65C	1.01	(0.13)	0.00	0.88	0.00	0.00	2.16	(1.93)	9.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in Everest Group 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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Everest Group Corporate Management

Elected by the shareholders, the Everest Group's board of directors comprises two types of representatives: Everest Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Everest. The board's role is to monitor Everest Group's management team and ensure that shareholders' interests are well served. Everest Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Everest Group's outside directors are responsible for providing unbiased perspectives on the board's policies.

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