Chubb Correlations

Stocks . Brazil . 
Stock . Chubb Limited
C1BL34 Stock  BRL 383.37  1.95  0.51%   
The current 90-days correlation between Chubb Limited and HCA Healthcare, is 0.23 (i.e., Modest diversification). The correlation of Chubb 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.

Chubb Correlation With Market

Good diversification

The correlation between Chubb Limited and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chubb Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Chubb could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chubb 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 Chubb - 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 Chubb Limited to buy it.

Moving against Chubb Stock

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Related Correlations Analysis

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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   
K1BF34
+ 0.85
P1FG34
K1BF34
+ 0.81
C1AH34
K1BF34
+ 0.68
CINF34
H1CA34
+ 0.65
C1AH34
CINF34
+ 0.64
P1FG34
H1CA34
+ 0.6
K1BF34
  
High negative correlations   
O2HI34
- 0.65
C1AH34
K1BF34
- 0.62
O2HI34
H1CA34
- 0.47
O2HI34
O2HI34
- 0.42
P1FG34
O2HI34
- 0.35
CINF34

Risk-Adjusted Indicators

There is a big difference between Chubb Stock performing well and Chubb 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 Chubb'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Chubb 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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Chubb Corporate Management

Elected by the shareholders, the Chubb's board of directors comprises two types of representatives: Chubb inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chubb. The board's role is to monitor Chubb's management team and ensure that shareholders' interests are well served. Chubb's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Chubb's outside directors are responsible for providing unbiased perspectives on the board's policies.
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