Correlation Between Progressive Corp and W R

Can any of the company-specific risk be diversified away by investing in both Progressive Corp and W R at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Progressive Corp and W R into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Progressive Corp and W R Berkley, you can compare the effects of market volatilities on Progressive Corp and W R and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Progressive Corp with a short position of W R. Check out your portfolio center. Please also check ongoing floating volatility patterns of Progressive Corp and W R.

Diversification Opportunities for Progressive Corp and W R

-0.05

Correlation Coefficient

Progressive Corp  W R

Good diversification

The 3 months correlation between Progressive and WRB is -0.05. Overlapping area represents the amount of risk that can be diversified away by holding Progressive Corp and W R Berkley in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on W R Berkley and Progressive Corp is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Progressive Corp are associated (or correlated) with W R. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of W R Berkley has no effect on the direction of Progressive Corp i.e., Progressive Corp and W R go up and down completely randomly.

Pair Corralation between Progressive Corp and W R

Considering the 90-day investment horizon Progressive Corp is expected to under-perform the W R. In addition to that, Progressive Corp is 1.17 times more volatile than W R Berkley. It trades about -0.07 of its total potential returns per unit of risk. W R Berkley is currently generating about 0.11 per unit of volatility. If you would invest  7,189  in W R Berkley on September 2, 2025 and sell it today you would earn a total of  580.00  from holding W R Berkley or generate 8.07% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Progressive Corp  vs.  W R Berkley

Progressive Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Progressive Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest inconsistent performance, the Stock's technical and fundamental indicators remain invariable and the latest agitation on Wall Street may also be a sign of long-running gains for the enterprise retail investors.

W R Berkley

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in W R Berkley are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unfluctuating basic indicators, W R may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with Progressive Corp and W R

The main advantage of trading using opposite Progressive Corp and W R positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Progressive Corp position performs unexpectedly, W R can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in W R will offset losses from the drop in W R's long position.

The idea behind Progressive Corp and W R Berkley pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.