Swiss Re Related Correlations

SSREF Stock

USD 108.00 5.52 4.86%

Generate correlation matrix for Swiss Re and other related equities to check the degree to which Swiss Re AG price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Swiss Re AG. To filter out specific equities, please toggle its corresponding legend item. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Swiss Re AG. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

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Please note, there is a significant difference between Swiss Re's value and its price as these two are different measures arrived at by different means. Investors typically determine if Swiss Re is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Swiss Re's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	SSREY	SCRYY	SPNT-PB	MHLD	META	XOM	AISP	FIX	ALSN	UAL
SSREY		0.69	0.61	-0.07	0.48	0.35	0.58	0.63	0.52	0.6	SSREY
SCRYY	0.69		0.67	0.53	0.53	0.72	0.82	0.66	0.65	0.49	SCRYY
SPNT-PB	0.61	0.67		0.19	0.91	0.82	0.72	0.91	0.94	0.79	SPNT-PB
MHLD	-0.07	0.53	0.19		0.08	0.55	0.42	0.13	0.23	0.05	MHLD
META	0.48	0.53	0.91	0.08		0.77	0.64	0.9	0.89	0.66	META
XOM	0.35	0.72	0.82	0.55	0.77		0.85	0.82	0.89	0.55	XOM
AISP	0.58	0.82	0.72	0.42	0.64	0.85		0.78	0.76	0.42	AISP
FIX	0.63	0.66	0.91	0.13	0.9	0.82	0.78		0.95	0.72	FIX
ALSN	0.52	0.65	0.94	0.23	0.89	0.89	0.76	0.95		0.72	ALSN
UAL	0.6	0.49	0.79	0.05	0.66	0.55	0.42	0.72	0.72		UAL
	SSREY	SCRYY	SPNT-PB	MHLD	META	XOM	AISP	FIX	ALSN	UAL

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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

ALSN	+ 0.95	FIX
ALSN	+ 0.94	SPNT-PB
META	+ 0.91	SPNT-PB
FIX	+ 0.91	SPNT-PB
FIX	+ 0.9	META
ALSN	+ 0.89	META

High negative correlations

MHLD

- 0.07

SSREY

Risk-Adjusted Indicators

There is a big difference between Swiss Pink Sheet performing well and Swiss Re 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 Swiss Re'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
SSREY	0.97	(0.11)	0.00	(0.17)	0.00	0.00	1.86	(2.42)	9.08
SCRYY	1.65	0.03	(0.01)	(0.23)	1.96	(1.79)	3.72	(3.15)	12.54
SPNT-PB	0.20	0.01	(0.09)	0.12	0.13	(0.23)	0.40	(0.36)	1.20
MHLD	4.18	0.06	0.03	0.07	4.41	(4.97)	9.82	(6.54)	21.64
META	1.72	0.39	0.25	0.32	1.28	(2.15)	3.27	(2.28)	24.74
XOM	0.83	0.24	0.23	0.49	0.65	(1.01)	1.96	(1.40)	4.66
AISP	12.06	4.46	0.47	(1.32)	7.11	(14.82)	25.30	(15.91)	220.52
FIX	1.84	0.53	0.29	0.33	1.53	(2.21)	4.03	(2.51)	17.56
ALSN	1.00	0.45	0.42	0.34	0.34	(1.15)	1.82	(1.64)	15.70
UAL	1.98	0.26	0.15	0.19	1.65	(2.44)	4.99	(3.25)	8.90

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Swiss Re Related Correlations

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Correlations

Correlation Matchups

Risk-Adjusted Indicators

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