Swiss Re Correlations

SSREY Stock

USD 44.67 0.19 0.43%

The current 90-days correlation between Swiss Re and Hannover Re is 0.73 (i.e., Poor diversification). The correlation of Swiss Re 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Swiss Re Correlation With Market

Modest diversification

The correlation between Swiss Re and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swiss Re and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Swiss Re could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Swiss Re when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Swiss Re - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Swiss Re to buy it.

Moving together with Swiss Pink Sheet

0.71	MCD	McDonalds	Pair Corr
0.65	T	ATT Inc Aggressive Push	Pair Corr
0.79	TRV	The Travelers Companies	Pair Corr

Moving against Swiss Pink Sheet

0.53	CVX	Chevron Corp	Pair Corr
0.53	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.52	DD	Dupont De Nemours	Pair Corr
0.5	HPQ	HP Inc Earnings Call This Week	Pair Corr
0.46	INTC	Intel	Pair Corr
0.42	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.32	CSCO	Cisco Systems Sell-off Trend	Pair Corr

Related Correlations Analysis

	HVRRY	SCRYY	SPNT-PB	MHLD	MURGY	SPNT	RNR	RE	RGA
HVRRY		0.75	0.48	0.56	0.96	0.82	0.62	0.0	0.14	HVRRY
SCRYY	0.75		0.78	0.55	0.7	0.75	0.65	0.0	0.57	SCRYY
SPNT-PB	0.48	0.78		0.44	0.36	0.67	0.51	0.0	0.75	SPNT-PB
MHLD	0.56	0.55	0.44		0.55	0.52	0.17	0.0	0.15	MHLD
MURGY	0.96	0.7	0.36	0.55		0.72	0.56	0.0	0.03	MURGY
SPNT	0.82	0.75	0.67	0.52	0.72		0.66	0.0	0.44	SPNT
RNR	0.62	0.65	0.51	0.17	0.56	0.66		0.0	0.49	RNR
RE	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	RE
RGA	0.14	0.57	0.75	0.15	0.03	0.44	0.49	0.0		RGA
	HVRRY	SCRYY	SPNT-PB	MHLD	MURGY	SPNT	RNR	RE	RGA

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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

MURGY	+ 0.96	HVRRY
SPNT	+ 0.82	HVRRY
SPNT-PB	+ 0.78	SCRYY
SCRYY	+ 0.75	HVRRY
SPNT	+ 0.75	SCRYY
RGA	+ 0.75	SPNT-PB

High negative correlations

RGA	- 0.0	RE
RE	- 0.0	RNR
RE	- 0.0	SPNT
RE	- 0.0	MURGY
RE	- 0.0	MHLD
RE	- 0.0	SPNT-PB

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
HVRRY	1.55	0.32	0.14	2.95	2.21	(1.57)	4.45	(3.82)	12.25
SCRYY	2.47	0.46	0.11	3.16	3.58	(2.54)	5.98	(6.03)	15.88
SPNT-PB	0.19	0.03	0.25	0.35	0.21	(0.22)	0.45	(0.36)	1.54
MHLD	6.18	0.72	0.12	(2.34)	6.08	(7.54)	12.90	(9.21)	50.60
MURGY	1.67	0.32	0.15	1.39	2.21	(1.84)	4.25	(4.14)	12.44
SPNT	1.70	0.55	0.23	0.65	2.10	(1.88)	3.24	(2.83)	11.84
RNR	1.53	0.15	0.08	0.17	2.06	(1.56)	2.65	(2.86)	10.61
RE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RGA	1.64	0.17	0.06	0.08	2.58	(1.49)	3.40	(3.43)	13.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in Swiss Re without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Swiss Re Corporate Management

Youngran Kim	Group Officer	Profile
Guido Furer	Group Switzerland	Profile
Thomas Bohun	Head Relations	Profile
Hermann Geiger	Group Chief Legal Officer	Profile
Mark Senkevics	Australia Asia	Profile
Elena Logutenkova	Head Reporting	Profile

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