Reinsurance Group Correlations

RZB Stock

USD 25.07 0.06 0.24%

The current 90-days correlation between Reinsurance Group and Southern Co is 0.25 (i.e., Modest diversification). The correlation of Reinsurance Group 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.

Reinsurance Group Correlation With Market

Weak diversification

The correlation between Reinsurance Group of and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reinsurance Group of and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reinsurance Group of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Reinsurance Stock

0.77	ABLLL	Abacus Life, 9875	Pair Corr
0.68	MHLA	Maiden Holdings	Pair Corr
0.7	AIZN	Assurant	Pair Corr
0.78	UNMA	Unum Group	Pair Corr
0.77	FCRX	First Eagle Alternative	Pair Corr
0.85	GEGGL	Great Elm Group	Pair Corr
0.71	FIS	Fidelity National	Pair Corr
0.82	MGR	Affiliated Managers	Pair Corr
0.76	RCB	Ready Capital	Pair Corr
0.75	SWKHL	SWK Holdings	Pair Corr
0.75	OXSQG	Oxford Square Capital	Pair Corr
0.64	JKHY	Jack Henry Associates	Pair Corr
0.67	NEWTG	NewtekOne, 850 percent	Pair Corr

Moving against Reinsurance Stock

0.68	FLYW	Flywire Corp	Pair Corr
0.67	KSPI	Joint Stock	Pair Corr
0.64	PRE	Prenetics Global	Pair Corr
0.48	CLRCR	ClimateRock Right	Pair Corr
0.45	AQUNR	Aquaron Acquisition Corp	Pair Corr
0.42	YOTAR	Yotta Acquisition	Pair Corr

Related Correlations Analysis

	SOJC	SFB	ENO	EAI	UNMA
SOJC		0.95	0.88	0.95	0.83	SOJC
SFB	0.95		0.9	0.94	0.75	SFB
ENO	0.88	0.9		0.95	0.68	ENO
EAI	0.95	0.94	0.95		0.77	EAI
UNMA	0.83	0.75	0.68	0.77		UNMA
	SOJC	SFB	ENO	EAI	UNMA

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Risk-Adjusted Indicators

There is a big difference between Reinsurance Stock performing well and Reinsurance Group 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 Reinsurance Group'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
SOJC	0.38	0.04	(0.08)	0.34	0.43	(0.40)	0.83	(0.91)	2.28
SFB	0.38	0.09	(0.01)	0.89	0.36	(0.45)	0.89	(0.65)	3.39
ENO	0.38	0.10	0.03	0.87	0.00	(0.48)	1.04	(0.45)	2.25
EAI	0.42	0.07	(0.05)	0.70	0.43	(0.49)	0.90	(0.87)	2.94
UNMA	0.40	(0.04)	0.00	(0.14)	0.00	0.00	0.89	(0.98)	2.55

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