Loews Corp Correlations

L Stock

USD 88.59 0.19 0.21%

The current 90-days correlation between Loews Corp and W R Berkley is 0.49 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Loews Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Loews Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Loews Corp Correlation With Market

Good diversification

The correlation between Loews Corp and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loews Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Loews Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loews Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Loews Stock please use our How to buy in Loews Stock guide.

Moving together with Loews Stock

0.65	CB	Chubb	Pair Corr
0.73	AFG	American Financial	Pair Corr
0.64	ALL	Allstate	Pair Corr
0.62	CNA	CNA Financial	Pair Corr
0.78	HIG	Hartford Financial	Pair Corr
0.77	HMN	Horace Mann Educators	Pair Corr
0.61	MCY	Mercury General	Pair Corr
0.7	ORI	Old Republic Interna	Pair Corr
0.62	RLI	RLI Corp	Pair Corr
0.72	THG	Hanover Insurance	Pair Corr
0.72	SIGI	Selective Insurance	Pair Corr

Moving against Loews Stock

0.51

CNFR

Conifer Holding

Pair Corr

Related Correlations Analysis

	HMN	SIGI	STC	RLI	CB	WTM	WRB-PE	ALL	TRV	CNA
HMN		0.59	0.44	0.45	0.6	0.46	-0.01	0.71	0.64	0.71	HMN
SIGI	0.59		0.11	0.6	0.84	0.0	-0.6	0.74	0.79	0.44	SIGI
STC	0.44	0.11		0.53	0.37	0.72	0.51	0.53	0.13	0.7	STC
RLI	0.45	0.6	0.53		0.53	0.39	-0.11	0.44	0.24	0.72	RLI
CB	0.6	0.84	0.37	0.53		0.13	-0.43	0.88	0.82	0.47	CB
WTM	0.46	0.0	0.72	0.39	0.13		0.64	0.41	0.07	0.73	WTM
WRB-PE	-0.01	-0.6	0.51	-0.11	-0.43	0.64		-0.16	-0.37	0.26	WRB-PE
ALL	0.71	0.74	0.53	0.44	0.88	0.41	-0.16		0.83	0.65	ALL
TRV	0.64	0.79	0.13	0.24	0.82	0.07	-0.37	0.83		0.41	TRV
CNA	0.71	0.44	0.7	0.72	0.47	0.73	0.26	0.65	0.41		CNA
	HMN	SIGI	STC	RLI	CB	WTM	WRB-PE	ALL	TRV	CNA

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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

ALL	+ 0.88	CB
CB	+ 0.84	SIGI
TRV	+ 0.83	ALL
TRV	+ 0.82	CB
TRV	+ 0.79	SIGI
ALL	+ 0.74	SIGI

High negative correlations

WRB-PE	- 0.6	SIGI
WRB-PE	- 0.43	CB
TRV	- 0.37	WRB-PE
ALL	- 0.16	WRB-PE
WRB-PE	- 0.11	RLI
WRB-PE	- 0.01	HMN

Risk-Adjusted Indicators

There is a big difference between Loews Stock performing well and Loews Corp 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 Loews Corp'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
HMN	1.27	0.10	0.07	0.11	1.71	(1.20)	2.33	(2.78)	6.16
SIGI	1.29	0.13	0.09	0.16	1.84	(1.35)	3.07	(1.89)	10.12
STC	1.34	(0.01)	0.00	(0.10)	0.00	0.00	2.78	(2.16)	9.43
RLI	1.09	(0.02)	0.00	(0.11)	0.00	0.00	1.91	(2.99)	8.36
CB	1.11	0.14	0.10	0.19	1.64	(1.10)	2.32	(2.04)	10.13
WTM	1.22	(0.08)	0.00	(0.24)	0.00	0.00	2.37	(2.63)	7.60
WRB-PE	0.49	(0.11)	0.00	51.95	0.00	0.00	0.89	(1.01)	4.32
ALL	1.37	0.16	0.08	0.13	2.16	(1.32)	2.72	(2.66)	12.65
TRV	1.21	0.19	0.11	0.19	1.69	(1.27)	2.38	(1.97)	11.34
CNA	1.19	0.05	0.04	0.00	1.87	(1.19)	2.17	(2.46)	9.69

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