EMPLOYERS HLDGS Correlations

YGB Stock

EUR 40.20 0.40 1.01%

The current 90-days correlation between EMPLOYERS HLDGS DL and MGIC Investment is 0.67 (i.e., Poor diversification). The correlation of EMPLOYERS HLDGS 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.

EMPLOYERS HLDGS Correlation With Market

Good diversification

The correlation between EMPLOYERS HLDGS DL and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EMPLOYERS HLDGS DL and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to EMPLOYERS HLDGS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMPLOYERS HLDGS 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 EMPLOYERS HLDGS - 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 EMPLOYERS HLDGS DL to buy it.

Moving together with EMPLOYERS Stock

0.71	DHU	Assured Guaranty	Pair Corr
0.87	TOMA	Toyota Motor	Pair Corr

Moving against EMPLOYERS Stock

0.79	2WGA	WOORI FIN GRP Earnings Call This Week	Pair Corr
0.77	C6TB	CHINA BANK ADR20	Pair Corr
0.73	ICKB	INDCOMMBK CHINA ADR20	Pair Corr
0.71	PKX	POSCO Holdings	Pair Corr
0.69	QPA1	Trisura Group	Pair Corr
0.69	SSU	Samsung Electronics	Pair Corr
0.69	ICK	Industrial and Commercial	Pair Corr
0.51	TPW	Trupanion	Pair Corr
0.45	5EE	MEBUKI FINANCIAL	Pair Corr
0.38	CMAB	Mapfre SA Earnings Call This Week	Pair Corr
0.87	JOT	ELEKTROBIT	Pair Corr
0.77	FA2	FORWARD AIR P	Pair Corr
0.66	F1YN	Lundin Gold	Pair Corr
0.54	HEI	Heidelberg Materials	Pair Corr
0.48	KOM1	Komatsu	Pair Corr
0.45	KGHA	KGHM Polska Miedz	Pair Corr
0.43	AG8	AGILENT TECH	Pair Corr

Related Correlations Analysis

	CMAB	Y1F	MGC	DHU	RAG	3GU	TPW	LNH	QPA1	YGB
CMAB		-0.2	0.6	-0.38	0.7	0.12	0.81	0.0	0.62	-0.38	CMAB
Y1F	-0.2		0.21	0.56	0.14	-0.06	-0.11	0.0	-0.29	0.16	Y1F
MGC	0.6	0.21		0.12	0.87	-0.28	0.7	0.0	0.28	0.11	MGC
DHU	-0.38	0.56	0.12		-0.13	0.03	-0.4	0.0	-0.71	0.71	DHU
RAG	0.7	0.14	0.87	-0.13		-0.13	0.81	0.0	0.55	-0.2	RAG
3GU	0.12	-0.06	-0.28	0.03	-0.13		-0.24	0.0	-0.04	0.11	3GU
TPW	0.81	-0.11	0.7	-0.4	0.81	-0.24		0.0	0.68	-0.51	TPW
LNH	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	LNH
QPA1	0.62	-0.29	0.28	-0.71	0.55	-0.04	0.68	0.0		-0.69	QPA1
YGB	-0.38	0.16	0.11	0.71	-0.2	0.11	-0.51	0.0	-0.69		YGB
	CMAB	Y1F	MGC	DHU	RAG	3GU	TPW	LNH	QPA1	YGB

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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

RAG	+ 0.87	MGC
TPW	+ 0.81	CMAB
TPW	+ 0.81	RAG
YGB	+ 0.71	DHU
RAG	+ 0.7	CMAB
TPW	+ 0.7	MGC

High negative correlations

QPA1	- 0.71	DHU
YGB	- 0.69	QPA1
YGB	- 0.51	TPW
TPW	- 0.4	DHU
YGB	- 0.38	CMAB
DHU	- 0.38	CMAB

Risk-Adjusted Indicators

There is a big difference between EMPLOYERS Stock performing well and EMPLOYERS HLDGS 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 EMPLOYERS HLDGS'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
CMAB	1.22	0.30	0.21	0.68	0.76	(1.55)	2.57	(1.56)	12.44
Y1F	1.32	(0.01)	(0.06)	(0.35)	1.79	(1.69)	2.94	(3.77)	10.62
MGC	1.43	0.05	(0.05)	(0.19)	1.66	(1.78)	2.83	(2.75)	9.06
DHU	1.49	(0.02)	0.00	0.20	0.00	0.00	3.25	(4.11)	11.10
RAG	1.41	0.07	(0.06)	(0.10)	1.45	(1.89)	2.82	(2.64)	8.64
3GU	2.02	0.05	(0.02)	0.38	2.63	(2.47)	7.34	(4.47)	15.22
TPW	2.35	0.61	0.19	(1.81)	1.93	(2.69)	5.48	(3.26)	27.71
LNH	1.18	0.14	(0.01)	(0.51)	1.29	(1.43)	3.14	(2.21)	6.51
QPA1	1.01	0.31	0.18	1.01	0.71	(1.38)	2.75	(1.65)	6.81
YGB	1.16	(0.03)	0.00	0.26	0.00	0.00	2.35	(2.49)	6.86

Be your own money manager

Our tools can tell you how much better you can do entering a position in EMPLOYERS HLDGS 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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