BERKLEY Correlations

084423AT9

91.99 0.88 0.95%

The current 90-days correlation between BERKLEY W R and Itochu Corp ADR is 0.04 (i.e., Significant diversification). The correlation of BERKLEY 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.

BERKLEY Correlation With Market

Excellent diversification

The correlation between BERKLEY W R and DJI is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BERKLEY W R and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against BERKLEY Bond

0.72	GS	Goldman Sachs Group	Pair Corr
0.61	GAYMF	Galway Metals	Pair Corr
0.59	UMAC	Unusual Machines Buyout Trend	Pair Corr
0.56	USPH	US Physicalrapy	Pair Corr
0.53	GLDY	Defiance Gold Enhanced	Pair Corr
0.51	FPXE	First Trust IPOX	Pair Corr
0.48	TATT	Tat Techno	Pair Corr
0.45	EURL	Direxion Daily FTSE	Pair Corr
0.45	GOOX	Etf Opportunities Trust	Pair Corr
0.43	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.4	BLAGF	Blue Lagoon Resources	Pair Corr
0.36	CCNR	CoreCommodity Natural	Pair Corr
0.35	TOGOF	TomaGold	Pair Corr
0.34	NPPXF	Nippon Telegraph Tel	Pair Corr
0.31	TSM	Taiwan Semiconductor	Pair Corr
0.75	GFSZX	Strategic Alternatives	Pair Corr
0.69	TRHZX	T Rowe Price	Pair Corr
0.62	FB	ProShares Trust ProShares	Pair Corr
0.62	UMAY	Innovator ETFs Trust	Pair Corr
0.6	PLFPX	Largecap Sp 500	Pair Corr
0.6	VFIAX	Vanguard 500 Index	Pair Corr
0.59	NSRIX	Northern Global Sust	Pair Corr
0.58	VSGAX	Vanguard Small Cap	Pair Corr
0.55	BHYIX	Blackrock High Yield	Pair Corr
0.53	VADAX	Invesco Equally-weighted	Pair Corr
0.52	PHDTX	Pace High Yield	Pair Corr
0.49	NEZNX	Loomis Sayles Strategic	Pair Corr
0.48	NWEIX	Nationwide Destination	Pair Corr
0.48	RPBAX	T Rowe Price	Pair Corr
0.45	FWAFX	Fidelity Worldwide	Pair Corr

Related Correlations Analysis

	00108WAF7	TBBB	PSA	GOOG	CP	CRGGF	ALRS	AAL	ITOCY
00108WAF7		-0.2	-0.06	-0.29	-0.17	-0.38	-0.31	-0.24	-0.26	00108WAF7
TBBB	-0.2		0.46	0.42	0.83	0.5	0.77	0.26	0.68	TBBB
PSA	-0.06	0.46		0.2	0.58	0.06	0.7	-0.14	0.76	PSA
GOOG	-0.29	0.42	0.2		0.04	0.5	0.52	0.35	0.24	GOOG
CP	-0.17	0.83	0.58	0.04		0.32	0.7	0.08	0.78	CP
CRGGF	-0.38	0.5	0.06	0.5	0.32		0.41	0.77	0.33	CRGGF
ALRS	-0.31	0.77	0.7	0.52	0.7	0.41		0.22	0.83	ALRS
AAL	-0.24	0.26	-0.14	0.35	0.08	0.77	0.22		0.16	AAL
ITOCY	-0.26	0.68	0.76	0.24	0.78	0.33	0.83	0.16		ITOCY
	00108WAF7	TBBB	PSA	GOOG	CP	CRGGF	ALRS	AAL	ITOCY

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

CP	+ 0.83	TBBB
ITOCY	+ 0.83	ALRS
ITOCY	+ 0.78	CP
ALRS	+ 0.77	TBBB
AAL	+ 0.77	CRGGF
ITOCY	+ 0.76	PSA

High negative correlations

CRGGF	- 0.38	00108WAF7
ALRS	- 0.31	00108WAF7
GOOG	- 0.29	00108WAF7
ITOCY	- 0.26	00108WAF7
AAL	- 0.24	00108WAF7
TBBB	- 0.2	00108WAF7

Risk-Adjusted Indicators

There is a big difference between BERKLEY Bond performing well and BERKLEY Corporate Bond 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 BERKLEY'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
00108WAF7	1.40	0.08	0.01	(1.12)	2.27	(1.44)	3.89	(5.14)	12.47
TBBB	1.85	0.57	0.29	3.10	1.48	(2.23)	4.52	(2.84)	9.10
PSA	1.17	0.16	0.07	(0.57)	1.16	(1.32)	2.84	(1.97)	6.57
GOOG	1.21	0.11	0.06	0.35	1.26	(1.43)	2.82	(2.31)	9.42
CP	1.08	0.22	0.16	0.28	1.02	(1.21)	2.54	(1.98)	7.63
CRGGF	0.51	0.20	0.00	1.01	0.00	0.00	0.00	0.00	19.35
ALRS	1.29	0.20	0.14	0.27	1.25	(1.54)	2.92	(2.26)	9.30
AAL	2.10	(0.05)	0.00	0.03	2.58	(2.16)	3.76	(4.06)	12.59
ITOCY	1.29	0.27	0.16	0.68	1.21	(1.58)	3.36	(2.14)	9.12

Be your own money manager

Our tools can tell you how much better you can do entering a position in BERKLEY 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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