Travelers Companies Correlations

Stocks . USA . 
Stock . The Travelers Companies
TRV Stock  USD 264.74  2.04  0.76%   
The current 90-days correlation between The Travelers Companies and Brookfield Asset Management is 0.55 (i.e., Very weak diversification). The correlation of Travelers Companies 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Travelers Companies Correlation With Market

Very weak diversification

The correlation between The Travelers Companies and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Travelers Companies and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Travelers Companies. 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 Travelers Stock

  0.77CB ChubbPairCorr
  0.88ALL Allstate Earnings Call This WeekPairCorr
  0.81HCI HCI GroupPairCorr
  0.83HMN Horace Mann EducatorsPairCorr
  0.7PGR Progressive CorpPairCorr
  0.79THG Hanover Insurance Earnings Call This WeekPairCorr
  0.75UVE Universal InsurancePairCorr
  0.82WRB W R BerkleyPairCorr
  0.66HRTG Heritage Insurance HldgsPairCorr
  0.62KMPR KemperPairCorr
  0.76PLMR Palomar Holdings Earnings Call This WeekPairCorr
  0.77SAFT Safety Insurance Earnings Call This WeekPairCorr
  0.84SKWD Skyward SpecialtyPairCorr

Moving against Travelers Stock

  0.48SIGIP Selective InsurancePairCorr
  0.45ALL-PI Allstate Earnings Call This WeekPairCorr
  0.38AFG American FinancialPairCorr
  0.33PRA ProAssurancePairCorr
  0.44WRB-PH WR BerkleyPairCorr
  0.43WRB-PG WR BerkleyPairCorr
  0.41ALL-PJ Allstate Earnings Call This WeekPairCorr
  0.38ALL-PH Allstate Earnings Call This WeekPairCorr
  0.38WRB-PE W R BerkleyPairCorr
  0.37WRB-PF WR BerkleyPairCorr

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   
MCO
+ 0.92
ANET
MCO
+ 0.83
BAM
BAM
+ 0.81
ANET
WTM
+ 0.71
BAM
WRB
+ 0.68
PGR
WTM
+ 0.65
MCO
  
High negative correlations   
PGR
- 0.47
KNSL
PGR
- 0.45
ANET
PGR
- 0.29
MCO
WRB
- 0.11
KNSL
WRB
- 0.09
ANET
PGR
- 0.07
BAM

Risk-Adjusted Indicators

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

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