Travelers Companies Correlations

TRV Stock  USD 262.47  1.66  0.64%   
The current 90-days correlation between The Travelers Companies and Crowdstrike Holdings is 0.16 (i.e., Average diversification). The correlation of Travelers Companies 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.

Travelers Companies Correlation With Market

Very weak diversification

The correlation between The Travelers Companies and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Travelers Companies and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Travelers Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Travelers Stock

  0.69FRFHF Fairfax FinancialPairCorr
  0.64AIZ AssurantPairCorr
  0.78ALL AllstatePairCorr
  0.78HCI HCI GroupPairCorr
  0.78HMN Horace Mann EducatorsPairCorr
  0.73MCY Mercury GeneralPairCorr
  0.62MKL MarkelPairCorr
  0.7ORI Old Republic Interna Fiscal Year End 23rd of January 2025 PairCorr
  0.78PRA ProAssurancePairCorr
  0.79RLI RLI Corp Fiscal Year End 22nd of January 2025 PairCorr
  0.87THG Hanover InsurancePairCorr
  0.65WRB W R Berkley Fiscal Year End 22nd of January 2025 PairCorr
  0.66WTM White Mountains InsurancePairCorr
  0.67TKOMY Tokio Marine HoldingsPairCorr
  0.72KINS Kingstone Companies TrendingPairCorr
  0.72KMPR KemperPairCorr
  0.62LMND Lemonade TrendingPairCorr
  0.67NODK NI HoldingsPairCorr
  0.8ALL-PB AllstatePairCorr

Moving against Travelers Stock

  0.58FACO First Acceptance CorpPairCorr
  0.52HRTG Heritage Insurance Hldgs Normal TradingPairCorr
  0.4ALL-PI AllstatePairCorr
  0.38TILCF Till CapitalPairCorr
  0.56WRB-PG WR BerkleyPairCorr

Related Correlations Analysis

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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   
CRWDUPST
UPSTFVRR
CRWDFVRR
CRWDFSLY
FSLYPINS
FSLYUPST
  
High negative correlations   
PINSFVRR
UPSTPINS

Risk-Adjusted Indicators

There is a big difference between Travelers Stock performing well and Travelers Companies 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 Travelers Companies' 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.