Markel Correlations

MKV Stock

EUR 1,719 26.00 1.54%

The current 90-days correlation between Markel and The Allstate is 0.31 (i.e., Weak 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

Modest diversification

The correlation between Markel and DJI is 0.21 (i.e., Modest 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

0.61	PGV	Progressive	Pair Corr
0.8	ALS	Allstate	Pair Corr
0.8	PJC	PICC Property	Pair Corr
0.83	CCJ	Cincinnati Financial	Pair Corr
0.93	QBE	QBE Insurance Group	Pair Corr
0.92	NRM	Insurance Australia	Pair Corr
0.8	TM2	Sydbank A/S	Pair Corr
0.67	5F3	JINS HOLDINGS INC	Pair Corr
0.87	SON1	Sony Group Corp	Pair Corr
0.86	92I	ROMERIKE SPAREBANK	Pair Corr
0.77	BFP	BBVA Banco Frances	Pair Corr
0.86	TL0	Tesla Inc Earnings Call This Week	Pair Corr
0.95	XKR	KAR Auction Services	Pair Corr
0.77	MSF	Microsoft	Pair Corr
0.82	FAA	FABASOFT Dusseldorf	Pair Corr
0.8	NY70	MOLSON RS BEVERAGE	Pair Corr
0.88	3RKU	RYOHIN UNSPADR/1	Pair Corr
0.96	LIE	SUN LIFE FINANCIAL	Pair Corr
0.75	CFC	UET United Electronic	Pair Corr
0.78	DDN	Darden Restaurants	Pair Corr
0.68	SNQB	SANOMA Dusseldorf	Pair Corr
0.63	C7T	CTT Correios	Pair Corr
0.7	CEK	CEOTRONICS Dusseldorf	Pair Corr
0.88	OD7B	ETFS Coffee ETC	Pair Corr

Moving against Markel Stock

0.69	YHA	Yamaha	Pair Corr
0.33	FLN	Admiral Group plc	Pair Corr

Related Correlations Analysis

	PGV	ALS	PJC	CCJ	MKV	FFX	QBE	FLN	NRM
PGV		0.83	0.48	0.78	0.61	0.0	0.76	-0.51	0.55	PGV
ALS	0.83		0.57	0.89	0.8	0.0	0.87	-0.3	0.72	ALS
PJC	0.48	0.57		0.71	0.8	0.0	0.78	-0.52	0.7	PJC
CCJ	0.78	0.89	0.71		0.83	0.0	0.91	-0.4	0.78	CCJ
MKV	0.61	0.8	0.8	0.83		0.0	0.93	-0.33	0.92	MKV
FFX	0.0	0.0	0.0	0.0	0.0		0.63	0.17	0.75	FFX
QBE	0.76	0.87	0.78	0.91	0.93	0.63		-0.39	0.9	QBE
FLN	-0.51	-0.3	-0.52	-0.4	-0.33	0.17	-0.39		-0.16	FLN
NRM	0.55	0.72	0.7	0.78	0.92	0.75	0.9	-0.16		NRM
	PGV	ALS	PJC	CCJ	MKV	FFX	QBE	FLN	NRM

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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

QBE	+ 0.93	MKV
NRM	+ 0.92	MKV
QBE	+ 0.91	CCJ
NRM	+ 0.9	QBE
CCJ	+ 0.89	ALS
QBE	+ 0.87	ALS

High negative correlations

FLN	- 0.52	PJC
FLN	- 0.51	PGV
FLN	- 0.4	CCJ
FLN	- 0.39	QBE
FLN	- 0.33	MKV
FLN	- 0.3	ALS

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
PGV	1.15	0.06	0.04	0.17	1.40	(1.22)	3.13	(2.45)	9.44
ALS	1.33	0.14	0.06	0.94	1.98	(1.29)	3.38	(2.50)	11.07
PJC	2.00	0.47	0.23	0.53	1.72	(2.68)	4.20	(2.70)	23.82
CCJ	1.16	0.17	0.14	(0.45)	1.06	(1.45)	2.97	(2.04)	8.68
MKV	0.99	0.26	0.26	0.73	0.73	(1.22)	2.47	(1.51)	9.54
FFX	1.06	0.23	0.17	(4.88)	1.08	(1.31)	3.17	(2.26)	12.16
QBE	1.08	0.26	0.18	(4.05)	0.88	(1.60)	2.63	(1.71)	8.24
FLN	0.98	(0.11)	0.00	4.48	0.00	0.00	1.72	(2.08)	8.69
NRM	1.22	0.17	0.09	(6.31)	1.40	(1.52)	3.24	(2.61)	11.70

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.

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Richard III	CoCEO Director	Profile

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