W R Correlations

WRB Stock

USD 70.12 0.68 0.96%

The current 90-days correlation between W R Berkley and CNA Financial is 0.7 (i.e., Poor 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

Average diversification

The correlation between W R Berkley and DJI is 0.15 (i.e., Average 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.

Build AI portfolio with WRB Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in W R Berkley. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving against WRB Stock

0.42	601319	Peoples Insurance	Pair Corr
0.41	ACT	Enact Holdings	Pair Corr
0.4	CB	Chubb	Pair Corr
0.34	AGO	Assured Guaranty	Pair Corr
0.32	TSU	Trisura Group	Pair Corr
0.52	WTM	White Mountains Insurance	Pair Corr
0.41	MKL	Markel	Pair Corr
0.58	JRVR	James River Group	Pair Corr
0.49	KINS	Kingstone Companies	Pair Corr
0.48	LMND	Lemonade	Pair Corr
0.44	IAGPE	Insurance Australia	Pair Corr

Related Correlations Analysis

	SIGI	HMN	KMPR	PRA	CNA	ALL	CB	TRV	MKL
SIGI		0.39	0.25	0.5	0.78	0.46	0.43	0.39	0.38	SIGI
HMN	0.39		-0.48	0.39	0.71	0.47	0.79	0.76	0.78	HMN
KMPR	0.25	-0.48		0.05	-0.13	-0.21	-0.6	-0.57	-0.71	KMPR
PRA	0.5	0.39	0.05		0.43	0.1	0.36	0.28	0.28	PRA
CNA	0.78	0.71	-0.13	0.43		0.73	0.75	0.77	0.67	CNA
ALL	0.46	0.47	-0.21	0.1	0.73		0.58	0.78	0.53	ALL
CB	0.43	0.79	-0.6	0.36	0.75	0.58		0.88	0.94	CB
TRV	0.39	0.76	-0.57	0.28	0.77	0.78	0.88		0.86	TRV
MKL	0.38	0.78	-0.71	0.28	0.67	0.53	0.94	0.86		MKL
	SIGI	HMN	KMPR	PRA	CNA	ALL	CB	TRV	MKL

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

MKL	+ 0.94	CB
TRV	+ 0.88	CB
MKL	+ 0.86	TRV
CB	+ 0.79	HMN
CNA	+ 0.78	SIGI
MKL	+ 0.78	HMN

High negative correlations

MKL	- 0.71	KMPR
CB	- 0.6	KMPR
TRV	- 0.57	KMPR
KMPR	- 0.48	HMN
ALL	- 0.21	KMPR
CNA	- 0.13	KMPR

Risk-Adjusted Indicators

There is a big difference between WRB 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
SIGI	1.12	0.06	0.02	0.16	1.61	(1.02)	2.19	(1.86)	8.71
HMN	0.93	0.00	(0.02)	0.06	1.28	(0.94)	2.23	(2.16)	6.47
KMPR	1.57	(0.37)	0.00	(0.40)	0.00	0.00	3.57	(3.07)	19.01
PRA	0.18	(0.01)	(0.23)	0.00	0.21	(0.20)	0.38	(0.41)	1.33
CNA	0.76	0.04	0.00	0.26	0.95	(0.78)	1.49	(1.74)	4.40
ALL	0.94	(0.04)	0.00	(0.06)	0.00	0.00	2.10	(1.99)	6.24
CB	0.77	0.17	0.10	1.80	0.84	(0.84)	2.32	(1.56)	4.86
TRV	0.80	0.05	0.02	0.19	1.00	(0.87)	1.63	(1.56)	5.07
MKL	0.86	0.17	0.13	0.46	0.81	(0.98)	1.87	(1.49)	7.16

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