QBE Insurance Correlations
| QBIEY Stock | USD 12.89 0.12 0.92% |
The current 90-days correlation between QBE Insurance Group and W R Berkley is 0.08 (i.e., Significant diversification). The correlation of QBE Insurance 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. If the correlation is 0, the equities are not correlated; they are entirely random.
QBE Insurance Correlation With Market
Weak diversification
The correlation between QBE Insurance Group and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding QBE Insurance Group and DJI in the same portfolio, assuming nothing else is changed.
QBE |
The ability to find closely correlated positions to QBE Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace QBE Insurance 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 QBE Insurance - 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 QBE Insurance Group to buy it.
Moving together with QBE Pink Sheet
| 0.81 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.81 | ALL | Allstate | PairCorr |
| 0.87 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.69 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.71 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.75 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.89 | MFG | Mizuho Financial | PairCorr |
| 0.62 | MZHOF | Mizuho Financial Normal Trading | PairCorr |
| 0.8 | JPHLF | Japan Post Holdings | PairCorr |
| 0.85 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.66 | HPQ | HP Inc | PairCorr |
| 0.95 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.78 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.9 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.78 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.82 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.84 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.85 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against QBE Pink Sheet
| 0.62 | SHG | Shinhan Financial | PairCorr |
| 0.52 | ALL-PH | Allstate | PairCorr |
| 0.44 | AMIX | Autonomix Medical, Common | PairCorr |
| 0.83 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.81 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.81 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between QBE Pink Sheet performing well and QBE Insurance 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 QBE Insurance'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 | 0.90 | 0.04 | 0.02 | 0.16 | 0.98 | 2.45 | 6.25 | |||
| WTM | 0.99 | 0.05 | 0.06 | 0.17 | 0.99 | 2.38 | 7.13 | |||
| CB | 0.83 | (0.01) | (0.05) | 0.10 | 1.18 | 1.49 | 6.25 | |||
| WRB | 1.02 | 0.02 | 0.01 | 0.14 | 1.41 | 1.97 | 7.07 | |||
| KNSL | 1.39 | (0.12) | (0.02) | 0.04 | 1.98 | 2.57 | 9.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in QBE Insurance 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.Did you try this?
Run Price Transformation Now
Price TransformationUse Price Transformation models to analyze the depth of different equity instruments across global markets |
| All Next | Launch Module |
QBE Insurance Corporate Management
| Jason BSc | Chief International | Profile | |
| MAICD FCPA | Group Officer | Profile | |
| Samuel BA | Group Officer | Profile | |
| Matt MBA | Group Operations | Profile | |
| Inder BCom | Group Officer | Profile | |
| BA ACA | Group Director | Profile | |
| Ashley Dalziell | Group Relations | Profile |