Markel Correlations

MKL Stock

USD 2,077 9.67 0.47%

The current 90-days correlation between Markel and W R Berkley is 0.4 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Markel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Markel moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Markel Correlation With Market

Significant diversification

The correlation between Markel and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Markel and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Markel Stock

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

For more information on how to buy Markel Stock please use our How to buy in Markel Stock guide.

Moving together with Markel Stock

0.84	MKV	Markel	Pair Corr
0.73	AGO	Assured Guaranty Earnings Call Today	Pair Corr
0.66	AXS	AXIS Capital Holdings	Pair Corr
0.65	BOW	Bowhead Specialty Normal Trading	Pair Corr
0.8	HCI	HCI Group Earnings Call This Week	Pair Corr
0.63	MCY	Mercury General	Pair Corr
0.72	ORI	Old Republic Interna	Pair Corr
0.65	RLI	RLI Corp	Pair Corr

Moving against Markel Stock

0.47	2D7	Beazley PLC Earnings Call This Week	Pair Corr
0.4	EURK	Eureka Acquisition Corp	Pair Corr
0.37	FAF	First American	Pair Corr
0.59	OBA	Oxley Bridge Acquisition	Pair Corr

Related Correlations Analysis

	PGR	CB	WRB	WTM	WRB-PE
PGR		-0.4	0.18	-0.46	-0.71	PGR
CB	-0.4		0.02	0.86	0.65	CB
WRB	0.18	0.02		-0.12	-0.16	WRB
WTM	-0.46	0.86	-0.12		0.73	WTM
WRB-PE	-0.71	0.65	-0.16	0.73		WRB-PE
	PGR	CB	WRB	WTM	WRB-PE

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

WTM	+ 0.86	CB
WRB-PE	+ 0.73	WTM
WRB-PE	+ 0.65	CB
WRB	+ 0.18	PGR
WRB	+ 0.02	CB

High negative correlations

WRB-PE	- 0.71	PGR
WTM	- 0.46	PGR
CB	- 0.4	PGR
WRB-PE	- 0.16	WRB
WTM	- 0.12	WRB

Risk-Adjusted Indicators

There is a big difference between Markel Stock performing well and Markel 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 Markel'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	1.09	(0.05)	0.00	(0.29)	0.00	0.00	2.24	(2.22)	8.71
CB	0.81	0.19	0.10	1.86	0.72	(0.86)	2.08	(1.87)	7.40
WRB	1.07	(0.10)	0.00	(0.40)	0.00	0.00	2.10	(2.57)	7.09
WTM	0.88	0.19	0.13	0.48	0.83	(1.03)	1.95	(1.29)	10.24
WRB-PE	0.36	0.04	(0.09)	0.32	0.28	(0.42)	0.68	(0.67)	2.02

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