W R Correlations

WRB-PE Preferred Stock

USD 22.90 0.17 0.74%

The current 90-days correlation between W R Berkley and Blackstone Group is 0.28 (i.e., Modest diversification). The correlation of W R 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.

W R Correlation With Market

Poor diversification

The correlation between W R Berkley and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding W R Berkley and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with WRB-PE Preferred Stock

0.71	ELCPF	EDP Energias	Pair Corr
0.62	CVPBF	CP ALL Public	Pair Corr
0.69	BKRKY	Bank Rakyat Normal Trading	Pair Corr
0.68	PROV	Provident Financial	Pair Corr
0.8	DTE	DTE Energy	Pair Corr
0.82	TEXG	Terax Energy	Pair Corr
0.9	FOVSY	Ford Otomotiv Sanayi	Pair Corr
0.76	GNENF	Ganfeng Lithium	Pair Corr
0.77	PXMFF	Philex Mining	Pair Corr
0.73	PSPSF	PSP Swiss Property	Pair Corr
0.76	ALLO	Allogene Therapeutics Earnings Call This Week	Pair Corr
0.71	ABOS	Acumen Pharmaceuticals	Pair Corr
0.91	EXAS	EXACT Sciences Sell-off Trend	Pair Corr
0.82	QNBC	QNB Corp	Pair Corr
0.69	CP	Canadian Pacific Railway	Pair Corr
0.89	CAKE	The Cheesecake Factory	Pair Corr
0.85	ORINY	Orion Oyj ADR	Pair Corr
0.79	MLSPF	Melrose Industries PLC Earnings Call Today	Pair Corr
0.78	BYM	BlackRock Municipal	Pair Corr
0.89	SMECF	SMC Corp	Pair Corr
0.78	SOMMY	Sumitomo Chemical	Pair Corr
0.73	FSFG	First Savings Financial	Pair Corr

Moving against WRB-PE Preferred Stock

0.91	PTXLF	PTT Exploration And	Pair Corr
0.89	PBCRY	Bank Central Asia	Pair Corr
0.84	BULL	Webull Corp Earnings Call This Week	Pair Corr
0.67	PBCRF	PT Bank Central	Pair Corr
0.42	INPAP	International Paper	Pair Corr
0.39	CALA	Calithera Biosciences	Pair Corr

Related Correlations Analysis

	BLK	BX	BN	SCHW	MUFG	BAC	KKR	WFC
BLK		0.29	0.47	0.7	0.44	0.05	0.15	0.3	BLK
BX	0.29		0.4	0.31	-0.59	0.39	0.94	0.42	BX
BN	0.47	0.4		0.31	0.18	0.27	0.28	0.3	BN
SCHW	0.7	0.31	0.31		0.29	0.41	0.14	0.62	SCHW
MUFG	0.44	-0.59	0.18	0.29		-0.18	-0.72	-0.14	MUFG
BAC	0.05	0.39	0.27	0.41	-0.18		0.41	0.87	BAC
KKR	0.15	0.94	0.28	0.14	-0.72	0.41		0.43	KKR
WFC	0.3	0.42	0.3	0.62	-0.14	0.87	0.43		WFC
	BLK	BX	BN	SCHW	MUFG	BAC	KKR	WFC

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

KKR	+ 0.94	BX
WFC	+ 0.87	BAC
SCHW	+ 0.7	BLK
WFC	+ 0.62	SCHW
BN	+ 0.47	BLK
MUFG	+ 0.44	BLK

High negative correlations

KKR	- 0.72	MUFG
MUFG	- 0.59	BX
BAC	- 0.18	MUFG
WFC	- 0.14	MUFG

Risk-Adjusted Indicators

There is a big difference between WRB-PE Preferred Stock performing well and W R 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 W R'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
BLK	1.17	(0.01)	0.02	0.11	1.46	(1.22)	2.64	(2.52)	10.50
BX	1.64	(0.41)	0.00	(0.12)	0.00	0.00	3.03	(5.57)	9.49
BN	1.36	(0.10)	(0.02)	0.04	1.97	(1.33)	2.34	(4.15)	9.05
SCHW	1.18	0.01	0.00	0.12	1.78	(1.17)	2.39	(1.81)	10.44
MUFG	1.17	0.27	0.16	0.41	1.22	(1.30)	2.37	(2.21)	7.31
BAC	1.08	0.03	(0.07)	0.01	1.59	(0.99)	1.86	(2.78)	6.64
KKR	1.90	(0.55)	0.00	(0.11)	0.00	0.00	4.06	(5.35)	14.09
WFC	1.24	(0.07)	(0.02)	0.06	1.70	(1.19)	2.59	(2.99)	8.11

Be your own money manager

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