Swiss Re Correlations

SSREY Stock

USD 41.26 0.17 0.41%

The current 90-days correlation between Swiss Re and PICC Property and is 0.02 (i.e., Significant diversification). The correlation of Swiss Re 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.

Swiss Re Correlation With Market

Excellent diversification

The correlation between Swiss Re and DJI is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swiss Re and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Swiss Pink Sheet

0.83	SNPHF	Santen Pharmaceutical	Pair Corr
0.75	MZDAF	Mazda Motor	Pair Corr
0.75	BKKPF	Bangkok Bank Public	Pair Corr
0.71	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.68	MRK	Merck Company	Pair Corr
0.63	JNJ	Johnson Johnson	Pair Corr
0.56	INTC	Intel	Pair Corr
0.53	CAT	Caterpillar	Pair Corr
0.4	CVX	Chevron Corp	Pair Corr
0.34	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.32	OPHLF	Ono Pharmaceutical	Pair Corr

Related Correlations Analysis

	SCRYY	PPCCY	ARZGF	PPCCF	HVRRF	HVRRY	ARZGY	PINXF	CRARY	BHKLY
SCRYY		-0.47	0.57	0.2	0.03	0.13	0.79	-0.14	0.68	0.7	SCRYY
PPCCY	-0.47		-0.81	0.07	0.39	0.33	-0.57	0.09	-0.85	-0.44	PPCCY
ARZGF	0.57	-0.81		-0.31	-0.09	-0.1	0.74	-0.22	0.85	0.44	ARZGF
PPCCF	0.2	0.07	-0.31		-0.3	-0.23	-0.17	0.42	-0.03	0.37	PPCCF
HVRRF	0.03	0.39	-0.09	-0.3		0.79	0.18	-0.55	-0.29	-0.34	HVRRF
HVRRY	0.13	0.33	-0.1	-0.23	0.79		0.32	-0.56	-0.17	-0.24	HVRRY
ARZGY	0.79	-0.57	0.74	-0.17	0.18	0.32		-0.44	0.79	0.51	ARZGY
PINXF	-0.14	0.09	-0.22	0.42	-0.55	-0.56	-0.44		-0.17	0.08	PINXF
CRARY	0.68	-0.85	0.85	-0.03	-0.29	-0.17	0.79	-0.17		0.66	CRARY
BHKLY	0.7	-0.44	0.44	0.37	-0.34	-0.24	0.51	0.08	0.66		BHKLY
	SCRYY	PPCCY	ARZGF	PPCCF	HVRRF	HVRRY	ARZGY	PINXF	CRARY	BHKLY

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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

CRARY	+ 0.85	ARZGF
ARZGY	+ 0.79	SCRYY
HVRRY	+ 0.79	HVRRF
CRARY	+ 0.79	ARZGY
ARZGY	+ 0.74	ARZGF
BHKLY	+ 0.7	SCRYY

High negative correlations

CRARY	- 0.85	PPCCY
ARZGF	- 0.81	PPCCY
ARZGY	- 0.57	PPCCY
PINXF	- 0.56	HVRRY
PINXF	- 0.55	HVRRF
PPCCY	- 0.47	SCRYY

Risk-Adjusted Indicators

There is a big difference between Swiss Pink Sheet performing well and Swiss Re 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 Swiss Re'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
SCRYY	1.48	0.09	0.02	0.27	1.81	(1.62)	2.88	(3.25)	7.78
PPCCY	1.78	(0.21)	0.00	(0.34)	0.00	0.00	3.23	(4.18)	13.13
ARZGF	0.07	0.03	0.00	3.89	0.00	0.00	0.00	0.00	2.36
PPCCF	6.33	3.10	0.00	1.31	0.00	0.00	15.89	(1.95)	99.55
HVRRF	0.59	0.02	0.00	0.04	0.00	0.00	2.30	(1.64)	9.71
HVRRY	0.98	(0.03)	(0.08)	0.00	1.16	(1.06)	1.85	(1.81)	6.15
ARZGY	0.96	0.06	0.00	0.21	1.15	(0.96)	1.80	(2.14)	5.53
PINXF	0.85	(0.10)	0.00	0.29	0.00	0.00	2.22	(3.30)	17.27
CRARY	0.97	0.21	0.14	0.48	0.95	(1.10)	2.23	(1.75)	6.12
BHKLY	1.03	0.19	0.11	0.50	0.95	(1.14)	2.31	(1.79)	5.78

Be your own money manager

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

Youngran Kim	Group Officer	Profile
Guido Furer	Group Switzerland	Profile
Thomas Bohun	Head Relations	Profile
Hermann Geiger	Group Chief Legal Officer	Profile
Mark Senkevics	Australia Asia	Profile
Elena Logutenkova	Head Reporting	Profile

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