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.
Travelers |
Moving together with Travelers Stock
0.69 | FRFHF | Fairfax Financial | PairCorr |
0.64 | AIZ | Assurant | PairCorr |
0.78 | ALL | Allstate | PairCorr |
0.78 | HCI | HCI Group | PairCorr |
0.78 | HMN | Horace Mann Educators | PairCorr |
0.73 | MCY | Mercury General | PairCorr |
0.62 | MKL | Markel | PairCorr |
0.7 | ORI | Old Republic Interna Fiscal Year End 23rd of January 2025 | PairCorr |
0.78 | PRA | ProAssurance | PairCorr |
0.79 | RLI | RLI Corp Fiscal Year End 22nd of January 2025 | PairCorr |
0.87 | THG | Hanover Insurance | PairCorr |
0.65 | WRB | W R Berkley Fiscal Year End 22nd of January 2025 | PairCorr |
0.66 | WTM | White Mountains Insurance | PairCorr |
0.67 | TKOMY | Tokio Marine Holdings | PairCorr |
0.72 | KINS | Kingstone Companies Trending | PairCorr |
0.72 | KMPR | Kemper | PairCorr |
0.62 | LMND | Lemonade Trending | PairCorr |
0.67 | NODK | NI Holdings | PairCorr |
0.8 | ALL-PB | Allstate | PairCorr |
Moving against Travelers Stock
0.58 | FACO | First Acceptance Corp | PairCorr |
0.52 | HRTG | Heritage Insurance Hldgs Normal Trading | PairCorr |
0.4 | ALL-PI | Allstate | PairCorr |
0.38 | TILCF | Till Capital | PairCorr |
0.56 | WRB-PG | WR Berkley | PairCorr |
Related Correlations Analysis
-0.36 | 0.63 | 0.18 | 0.58 | FVRR | ||
-0.36 | -0.18 | 0.47 | 0.02 | PINS | ||
0.63 | -0.18 | 0.32 | 0.91 | UPST | ||
0.18 | 0.47 | 0.32 | 0.54 | FSLY | ||
0.58 | 0.02 | 0.91 | 0.54 | CRWD | ||
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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
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
FVRR | 2.40 | 0.20 | 0.08 | 0.29 | 2.60 | 4.93 | 23.04 | |||
PINS | 1.61 | (0.18) | 0.00 | (0.08) | 0.00 | 2.79 | 17.91 | |||
UPST | 4.11 | 0.73 | 0.25 | 0.33 | 3.71 | 7.32 | 56.41 | |||
FSLY | 2.78 | 0.15 | 0.09 | 0.19 | 3.00 | 6.39 | 17.90 | |||
CRWD | 1.99 | 0.32 | 0.19 | 0.31 | 1.74 | 4.04 | 11.54 |