White Mountains Correlations

WTM Stock

USD 2,063 20.96 1.03%

The current 90-days correlation between White Mountains Insurance and The Hanover Insurance is 0.4 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as White Mountains moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if White Mountains Insurance moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

White Mountains Correlation With Market

Modest diversification

The correlation between White Mountains Insurance and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding White Mountains Insurance and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with White Stock

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

Moving together with White Stock

0.76	CB	Chubb	Pair Corr
0.64	601319	Peoples Insurance	Pair Corr
0.69	AIZ	Assurant	Pair Corr
0.63	DFY	Definity Financial Corp	Pair Corr
0.83	SPNT	Siriuspoint	Pair Corr
0.79	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.8	ACN	Accenture plc	Pair Corr
0.72	VLKAF	Volkswagen AG	Pair Corr
0.74	VWAGY	Volkswagen AG 110	Pair Corr
0.69	VLKPF	Volkswagen AG VZO	Pair Corr
0.77	BROS	Dutch Bros	Pair Corr
0.8	LCDX	Caliber Imaging Diag	Pair Corr
0.66	MEOAF	Melbana Energy	Pair Corr
0.8	ADAMI	New York Mortgage Symbol Change	Pair Corr

Moving against White Stock

0.78	JD	JD Inc Adr	Pair Corr
0.7	GOCO	GoHealth	Pair Corr
0.62	QBE	QBE Insurance Group	Pair Corr
0.6	SBRE	Sabre Insurance Group	Pair Corr
0.5	KNSL	Kinsale Capital Group	Pair Corr
0.33	HNHPF	Hon Hai Precision	Pair Corr
0.41	694308HY6	US694308HY69	Pair Corr

Related Correlations Analysis

	NODK	DGICA	DGICB	THG	RLI	CB	PGR	WRB-PE	SIGI	HMN
NODK		0.65	0.12	0.35	0.47	0.46	0.13	-0.33	0.39	0.51	NODK
DGICA	0.65		0.32	0.83	0.74	0.83	0.22	-0.67	0.46	0.74	DGICA
DGICB	0.12	0.32		0.16	0.06	0.55	-0.37	-0.61	-0.04	0.36	DGICB
THG	0.35	0.83	0.16		0.86	0.79	0.44	-0.47	0.57	0.67	THG
RLI	0.47	0.74	0.06	0.86		0.75	0.61	-0.39	0.7	0.61	RLI
CB	0.46	0.83	0.55	0.79	0.75		0.16	-0.69	0.48	0.79	CB
PGR	0.13	0.22	-0.37	0.44	0.61	0.16		0.24	0.64	-0.07	PGR
WRB-PE	-0.33	-0.67	-0.61	-0.47	-0.39	-0.69	0.24		0.0	-0.59	WRB-PE
SIGI	0.39	0.46	-0.04	0.57	0.7	0.48	0.64	0.0		0.41	SIGI
HMN	0.51	0.74	0.36	0.67	0.61	0.79	-0.07	-0.59	0.41		HMN
	NODK	DGICA	DGICB	THG	RLI	CB	PGR	WRB-PE	SIGI	HMN

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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

RLI	+ 0.86	THG
THG	+ 0.83	DGICA
CB	+ 0.83	DGICA
CB	+ 0.79	THG
HMN	+ 0.79	CB
CB	+ 0.75	RLI

High negative correlations

WRB-PE	- 0.69	CB
WRB-PE	- 0.67	DGICA
WRB-PE	- 0.61	DGICB
HMN	- 0.59	WRB-PE
WRB-PE	- 0.47	THG
WRB-PE	- 0.39	RLI

Risk-Adjusted Indicators

There is a big difference between White Stock performing well and White Mountains 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 White Mountains' 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
NODK	1.12	(0.02)	(0.04)	0.03	1.44	(1.21)	2.58	(2.08)	9.09
DGICA	0.97	0.01	(0.04)	0.11	1.16	(1.00)	1.99	(1.86)	5.91
DGICB	3.28	0.34	0.05	(0.28)	3.76	(3.66)	6.93	(7.08)	20.95
THG	0.87	(0.02)	(0.06)	(0.01)	1.32	(0.80)	1.58	(2.38)	5.00
RLI	1.03	(0.02)	0.00	(0.48)	0.00	0.00	2.38	(2.87)	6.60
CB	0.79	0.16	0.09	1.23	0.85	(0.86)	2.32	(1.56)	4.86
PGR	1.09	(0.14)	0.00	(1.42)	0.00	0.00	1.91	(2.12)	7.52
WRB-PE	0.42	(0.08)	0.00	(0.14)	0.00	0.00	0.68	(0.89)	2.16
SIGI	1.12	0.03	0.00	0.12	1.59	(1.03)	2.19	(1.86)	8.71
HMN	0.92	0.01	(0.02)	0.10	1.26	(0.95)	2.23	(2.17)	6.47

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