Loews Corp Correlations

L Stock

USD 83.12 7.99 8.77%

The current 90-days correlation between Loews Corp and Progressive Corp is 0.71 (i.e., Poor 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

Poor diversification

The correlation between Loews Corp and DJI is 0.66 (i.e., Poor 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.

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

0.81	CB	Chubb	Pair Corr
0.79	ALL	Allstate	Pair Corr
0.85	BOW	Bowhead Specialty	Pair Corr
0.87	CNA	CNA Financial	Pair Corr
0.79	HCI	HCI Group	Pair Corr
0.85	HIG	Hartford Financial	Pair Corr
0.66	HMN	Horace Mann Educators	Pair Corr
0.79	ORI	Old Republic Interna	Pair Corr
0.77	PRA	ProAssurance Sell-off Trend	Pair Corr
0.62	STC	Stewart Information	Pair Corr
0.79	THG	Hanover Insurance	Pair Corr
0.8	TRV	The Travelers Companies	Pair Corr
0.76	UVE	Universal Insurance	Pair Corr
0.82	WRB	W R Berkley	Pair Corr
0.72	HRTG	Heritage Insurance Hldgs	Pair Corr
0.67	KNSL	Kinsale Capital Group	Pair Corr
0.61	SIGIP	Selective Insurance	Pair Corr
0.62	PLMR	Palomar Holdings	Pair Corr

Moving against Loews Stock

0.45	HGTY	Hagerty	Pair Corr
0.36	NODK	NI Holdings	Pair Corr
0.76	CNFR	Conifer Holding	Pair Corr
0.58	WRB-PF	WR Berkley	Pair Corr

Related Correlations Analysis

	HMN	GBLI	SIGI	KMPR	STC	RLI	CB	PGR	WTM	WRB-PE
HMN		-0.13	-0.2	0.43	0.9	0.25	0.77	0.86	-0.09	-0.48	HMN
GBLI	-0.13		0.04	0.29	-0.07	-0.13	-0.09	-0.18	0.33	0.08	GBLI
SIGI	-0.2	0.04		-0.04	-0.21	0.44	0.19	-0.33	0.28	-0.22	SIGI
KMPR	0.43	0.29	-0.04		0.48	0.09	0.38	0.35	0.52	0.11	KMPR
STC	0.9	-0.07	-0.21	0.48		0.26	0.79	0.86	-0.09	-0.34	STC
RLI	0.25	-0.13	0.44	0.09	0.26		0.34	0.0	0.25	-0.21	RLI
CB	0.77	-0.09	0.19	0.38	0.79	0.34		0.78	0.06	-0.63	CB
PGR	0.86	-0.18	-0.33	0.35	0.86	0.0	0.78		-0.3	-0.43	PGR
WTM	-0.09	0.33	0.28	0.52	-0.09	0.25	0.06	-0.3		0.13	WTM
WRB-PE	-0.48	0.08	-0.22	0.11	-0.34	-0.21	-0.63	-0.43	0.13		WRB-PE
	HMN	GBLI	SIGI	KMPR	STC	RLI	CB	PGR	WTM	WRB-PE

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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

STC	+ 0.9	HMN
PGR	+ 0.86	HMN
PGR	+ 0.86	STC
CB	+ 0.79	STC
PGR	+ 0.78	CB
CB	+ 0.77	HMN

High negative correlations

WRB-PE	- 0.63	CB
WRB-PE	- 0.48	HMN
WRB-PE	- 0.43	PGR
WRB-PE	- 0.34	STC
PGR	- 0.33	SIGI
WTM	- 0.3	PGR

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	0.22	0.14	0.15	1.78	(1.22)	2.19	(3.10)	9.56
GBLI	1.52	(0.12)	0.00	(0.56)	0.00	0.00	4.00	(3.74)	9.40
SIGI	1.43	0.00	0.00	(0.17)	0.00	0.00	2.62	(2.01)	15.02
KMPR	1.47	0.02	0.00	(0.14)	0.00	0.00	2.63	(2.98)	7.37
STC	1.39	0.13	0.09	0.00	1.68	(1.54)	2.91	(2.98)	9.19
RLI	1.10	(0.02)	0.00	(0.21)	0.00	0.00	1.83	(2.69)	9.92
CB	1.11	0.14	0.11	0.06	1.67	(1.13)	2.22	(1.91)	5.98
PGR	1.15	0.26	0.13	0.21	2.09	(1.15)	2.42	(1.83)	6.91
WTM	1.15	(0.04)	0.00	(0.24)	0.00	0.00	2.46	(2.45)	6.59
WRB-PE	0.58	(0.08)	0.00	(0.50)	0.00	0.00	1.17	(1.26)	4.30

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