W R Correlations

WRB Stock

USD 59.29 0.62 1.06%

The current 90-days correlation between W R Berkley and CNA Financial is 0.74 (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

Modest diversification

The correlation between W R Berkley and DJI is 0.27 (i.e., Modest 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.

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 metropolitan statistical area.

Moving together with WRB Stock

0.61	L	Loews Corp Earnings Call This Week	Pair Corr
0.84	AFG	American Financial Earnings Call This Week	Pair Corr
0.82	AIZ	Assurant Earnings Call This Week	Pair Corr
0.83	ALL	Allstate Earnings Call This Week	Pair Corr
0.74	BOW	Bowhead Specialty	Pair Corr
0.8	CNA	CNA Financial Earnings Call This Week	Pair Corr
0.75	HMN	Horace Mann Educators Earnings Call This Week	Pair Corr
0.66	ORI	Old Republic Interna	Pair Corr
0.83	PGR	Progressive Corp	Pair Corr
0.72	PRA	ProAssurance	Pair Corr
0.72	RLI	RLI Corp	Pair Corr
0.71	STC	Stewart Information Earnings Call This Week	Pair Corr
0.79	THG	Hanover Insurance	Pair Corr
0.77	TRV	The Travelers Companies	Pair Corr
0.78	UVE	Universal Insurance	Pair Corr
0.77	WTM	White Mountains Insurance Earnings Call This Week	Pair Corr
0.65	HGTY	Hagerty	Pair Corr
0.68	HRTG	Heritage Insurance Hldgs	Pair Corr
0.83	KMPR	Kemper Normal Trading	Pair Corr
0.81	KNSL	Kinsale Capital Group	Pair Corr
0.72	LMND	Lemonade	Pair Corr
0.67	ROOT	Root Inc	Pair Corr
0.71	ACIC	American Coastal Ins	Pair Corr
0.75	SAFT	Safety Insurance	Pair Corr

Related Correlations Analysis

	SIGI	HMN	KMPR	PRA	CNA	ALL	CB	TRV	MKL
SIGI		0.81	0.71	0.83	0.55	0.69	0.52	0.72	0.24	SIGI
HMN	0.81		0.73	0.94	0.54	0.68	0.43	0.62	0.33	HMN
KMPR	0.71	0.73		0.76	0.65	0.89	0.49	0.75	0.48	KMPR
PRA	0.83	0.94	0.76		0.51	0.74	0.56	0.67	0.19	PRA
CNA	0.55	0.54	0.65	0.51		0.65	0.58	0.71	0.55	CNA
ALL	0.69	0.68	0.89	0.74	0.65		0.57	0.7	0.37	ALL
CB	0.52	0.43	0.49	0.56	0.58	0.57		0.84	-0.23	CB
TRV	0.72	0.62	0.75	0.67	0.71	0.7	0.84		0.08	TRV
MKL	0.24	0.33	0.48	0.19	0.55	0.37	-0.23	0.08		MKL
	SIGI	HMN	KMPR	PRA	CNA	ALL	CB	TRV	MKL

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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

PRA	+ 0.94	HMN
ALL	+ 0.89	KMPR
TRV	+ 0.84	CB
PRA	+ 0.83	SIGI
HMN	+ 0.81	SIGI
PRA	+ 0.76	KMPR

High negative correlations

MKL

- 0.23

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	1.29	(0.19)	0.00	(0.95)	0.00	0.00	2.03	(2.27)	10.05
HMN	1.17	0.01	(0.01)	0.11	1.54	(1.16)	2.10	(2.92)	11.77
KMPR	1.21	0.10	0.01	2.26	1.62	(1.11)	2.12	(2.94)	7.93
PRA	1.44	(0.06)	(0.04)	0.01	1.82	(1.67)	2.91	(2.58)	15.34
CNA	1.01	(0.03)	(0.06)	0.02	1.32	(1.00)	2.29	(1.87)	7.04
ALL	1.19	0.00	(0.06)	0.17	1.62	(1.19)	3.10	(2.26)	8.97
CB	0.88	(0.12)	0.00	(0.38)	0.00	0.00	1.43	(1.85)	5.20
TRV	1.03	(0.07)	0.00	(0.10)	0.00	0.00	1.83	(2.31)	7.98
MKL	0.87	0.19	0.12	0.57	0.72	(0.95)	1.84	(1.80)	8.23

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