Markel Correlations

MKLC34 Stock

BRL 564.00 41.00 6.78%

The current 90-days correlation between Markel and Applied Materials is -0.23 (i.e., Very good diversification). The correlation of Markel 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.

Markel Correlation With Market

Poor diversification

The correlation between Markel and DJI is 0.63 (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.

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

Moving together with Markel Stock

0.86	C1BL34	Chubb Limited Earnings Call This Week	Pair Corr
0.7	CINF34	Cincinnati Financial	Pair Corr
0.76	HETA4	Hrcules SA	Pair Corr
0.75	BCPX39	BCPX39 Split	Pair Corr
0.61	TGTB34	Target	Pair Corr
0.82	ARMT34	ArcelorMittal SA	Pair Corr
0.72	WALM34	Walmart	Pair Corr
0.68	BPAC11	Banco BTG Pactual	Pair Corr
0.73	BEES4	Banestes SA	Pair Corr
0.8	B1SA34	Banco Santander Chile Earnings Call This Week	Pair Corr
0.8	BRAP4	Bradespar SA	Pair Corr
0.71	BMEB3	Banco Mercantil do	Pair Corr
0.84	USBC34	US Bancorp	Pair Corr

Moving against Markel Stock

0.83	ESTR4	Manufatura de Brinquedos	Pair Corr
0.7	OSXB3	OSX Brasil SA	Pair Corr
0.56	PDGR3	PDG Realty SA Split	Pair Corr
0.48	ESTR3	Manufatura de Brinquedos	Pair Corr
0.48	MAPT4	Cemepe Investimentos	Pair Corr

Related Correlations Analysis

	A1LL34	MUTC34	A1MT34	C1FG34	H1IG34	T1TW34	V1MC34	R1JF34
A1LL34		0.79	0.86	0.91	0.88	0.1	0.34	0.81	A1LL34
MUTC34	0.79		0.9	0.83	0.69	-0.12	0.38	0.88	MUTC34
A1MT34	0.86	0.9		0.83	0.83	-0.05	0.33	0.78	A1MT34
C1FG34	0.91	0.83	0.83		0.85	0.09	0.48	0.89	C1FG34
H1IG34	0.88	0.69	0.83	0.85		0.11	0.28	0.7	H1IG34
T1TW34	0.1	-0.12	-0.05	0.09	0.11		0.49	0.15	T1TW34
V1MC34	0.34	0.38	0.33	0.48	0.28	0.49		0.52	V1MC34
R1JF34	0.81	0.88	0.78	0.89	0.7	0.15	0.52		R1JF34
	A1LL34	MUTC34	A1MT34	C1FG34	H1IG34	T1TW34	V1MC34	R1JF34

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

C1FG34	+ 0.91	A1LL34
A1MT34	+ 0.9	MUTC34
R1JF34	+ 0.89	C1FG34
H1IG34	+ 0.88	A1LL34
R1JF34	+ 0.88	MUTC34
A1MT34	+ 0.86	A1LL34

High negative correlations

T1TW34	- 0.12	MUTC34
T1TW34	- 0.05	A1MT34

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
A1LL34	1.44	0.31	0.07	0.80	1.88	(2.49)	4.43	(2.14)	21.29
MUTC34	3.16	1.02	0.29	2.91	2.73	(3.68)	7.94	(6.23)	15.57
A1MT34	2.34	0.44	0.16	0.80	2.18	(2.50)	5.44	(3.75)	12.22
C1FG34	0.66	0.20	0.00	(4.14)	0.00	0.00	2.18	0.00	9.30
H1IG34	0.01	0.00	0.00	(0.97)	0.00	0.00	0.00	0.00	0.44
T1TW34	1.29	(0.15)	0.00	2.25	0.00	0.00	2.88	(3.06)	9.57
V1MC34	0.62	0.01	0.00	0.08	0.00	0.00	0.50	(2.74)	13.12
R1JF34	0.18	0.08	0.00	16.56	0.00	0.00	0.00	0.00	5.81

Be your own money manager

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

Elected by the shareholders, the Markel's board of directors comprises two types of representatives: Markel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Markel. The board's role is to monitor Markel's management team and ensure that shareholders' interests are well served. Markel'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, Markel's outside directors are responsible for providing unbiased perspectives on the board's policies.

Richard Grinnan	Chief VP	Profile
Brian Costanzo	Controller Officer	Profile
Paul Broughton	Managing Marketing	Profile
Tyler Brown	Managing Investments	Profile

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