Markel Correlations

MKL Stock

USD 1,718 24.33 1.44%

The current 90-days correlation between Markel and W R Berkley is 0.61 (i.e., Poor 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

Poor diversification

The correlation between Markel and DJI is 0.7 (i.e., Poor 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.

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

0.82	L	Loews Corp	Pair Corr
0.77	AFG	American Financial	Pair Corr
0.93	AIZ	Assurant	Pair Corr
0.71	ALL	Allstate	Pair Corr
0.79	BOW	Bowhead Specialty	Pair Corr
0.8	HMN	Horace Mann Educators	Pair Corr
0.78	MCY	Mercury General	Pair Corr
0.92	ORI	Old Republic Interna Fiscal Year End 23rd of January 2025	Pair Corr
0.73	PRA	ProAssurance	Pair Corr
0.88	RLI	RLI Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.78	THG	Hanover Insurance	Pair Corr
0.69	WRB	W R Berkley Normal Trading	Pair Corr
0.73	WTM	White Mountains Insurance	Pair Corr
0.71	KINS	Kingstone Companies Trending	Pair Corr
0.91	KMPR	Kemper	Pair Corr
0.84	LMND	Lemonade Trending	Pair Corr
0.82	PLMR	Palomar Holdings Normal Trading	Pair Corr
0.8	ROOT	Root Inc Trending	Pair Corr

Moving against Markel Stock

0.57	ALL-PI	Allstate	Pair Corr
0.5	ALL-PH	Allstate	Pair Corr
0.65	WRB-PG	WR Berkley	Pair Corr
0.48	WRB-PH	WR Berkley	Pair Corr

Related Correlations Analysis

	ALL	CB	TRV	WRB	UFCS	SKWD	RLI	PGR	WTM
ALL		0.58	0.79	0.65	0.7	0.72	0.79	0.76	0.51	ALL
CB	0.58		0.5	0.21	-0.03	0.16	0.11	0.41	-0.08	CB
TRV	0.79	0.5		0.63	0.58	0.84	0.78	0.41	0.59	TRV
WRB	0.65	0.21	0.63		0.63	0.71	0.75	0.38	0.83	WRB
UFCS	0.7	-0.03	0.58	0.63		0.71	0.86	0.6	0.63	UFCS
SKWD	0.72	0.16	0.84	0.71	0.71		0.93	0.35	0.83	SKWD
RLI	0.79	0.11	0.78	0.75	0.86	0.93		0.54	0.81	RLI
PGR	0.76	0.41	0.41	0.38	0.6	0.35	0.54		0.15	PGR
WTM	0.51	-0.08	0.59	0.83	0.63	0.83	0.81	0.15		WTM
	ALL	CB	TRV	WRB	UFCS	SKWD	RLI	PGR	WTM

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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

RLI	+ 0.93	SKWD
RLI	+ 0.86	UFCS
SKWD	+ 0.84	TRV
WTM	+ 0.83	WRB
WTM	+ 0.83	SKWD
WTM	+ 0.81	RLI

High negative correlations

WTM	- 0.08	CB
UFCS	- 0.03	CB

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
ALL	0.92	0.08	0.04	0.19	1.25	(0.95)	1.54	(1.69)	6.34
CB	0.83	0.01	(0.02)	0.10	1.18	(0.83)	1.49	(1.78)	6.25
TRV	1.07	0.18	0.13	0.26	1.17	(1.25)	1.93	(2.17)	11.31
WRB	0.99	0.02	0.01	0.11	1.44	(0.93)	1.83	(2.36)	7.07
UFCS	1.72	0.28	0.29	0.17	1.14	(2.11)	3.64	(2.48)	28.06
SKWD	1.37	0.34	0.18	0.34	1.64	(1.54)	3.41	(2.38)	10.47
RLI	0.83	0.16	0.12	0.24	1.15	(0.90)	1.76	(1.82)	7.01
PGR	0.88	0.04	0.02	0.13	1.01	(0.97)	2.40	(1.58)	6.25
WTM	1.01	0.05	0.05	0.13	1.01	(1.15)	2.44	(1.73)	7.13

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