Trean Insurance Correlations
| TIGDelisted Stock | USD 6.16 0.00 0.00% |
The correlation of Trean Insurance 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trean Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trean Insurance GroupInc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Trean Insurance GroupInc and NYA is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trean Insurance GroupInc and NYA in the same portfolio, assuming nothing else is changed.
Trean |
The ability to find closely correlated positions to Trean Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trean Insurance 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 Trean Insurance - 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 Trean Insurance GroupInc to buy it.
Moving together with Trean Stock
| 0.7 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
| 0.65 | GE | GE Aerospace Buyout Trend | PairCorr |
| 0.62 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.69 | MRK | Merck Company Earnings Call Tomorrow | PairCorr |
| 0.69 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.64 | CAT | Caterpillar Earnings Call Tomorrow | PairCorr |
Moving against Trean Stock
| 0.71 | INTC | Intel Earnings Call Tomorrow | PairCorr |
| 0.62 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.58 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.58 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.57 | BA | Boeing Earnings Call Today | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Trean Stock performing well and Trean Insurance 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 Trean Insurance'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ESNT | 1.05 | (0.14) | 0.00 | (0.02) | 0.00 | 2.52 | 7.67 | |||
| JRVR | 2.77 | 0.11 | 0.03 | 0.19 | 4.08 | 5.62 | 24.31 | |||
| MTG | 1.08 | (0.05) | (0.02) | 0.05 | 1.52 | 1.79 | 10.93 | |||
| EIG | 0.85 | 0.11 | 0.06 | 0.49 | 0.69 | 2.65 | 5.48 | |||
| RDN | 1.24 | (0.01) | 0.01 | 0.08 | 1.64 | 2.47 | 11.46 | |||
| ICCH | 0.87 | 0.06 | (0.01) | 0.72 | 1.07 | 3.16 | 9.23 | |||
| AGO | 1.04 | (0.04) | (0.06) | 0.00 | 1.31 | 1.71 | 14.51 | |||
| AMSF | 0.95 | 0.05 | 0.02 | 0.18 | 0.93 | 2.32 | 5.30 | |||
| AMBC | 1.53 | (0.18) | 0.00 | (0.12) | 0.00 | 3.03 | 10.03 | |||
| ITIC | 1.30 | (0.05) | 0.00 | 0.05 | 1.88 | 3.43 | 15.97 |
Trean Insurance Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Trean Insurance stock to make a market-neutral strategy. Peer analysis of Trean Insurance could also be used in its relative valuation, which is a method of valuing Trean Insurance by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Trean Insurance Corporate Directors
Trean Insurance corporate directors refer to members of a Trean Insurance board of directors. The board of directors generally takes responsibility for the Trean Insurance's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Trean Insurance's board members must vote for the resolution. The Trean Insurance board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Russell Greig | Independent Director | Profile | |
| Dirk Reyn | Independent Director, representing R&S Consulting BVBA | Profile | |
| Jose Terencio | Director | Profile | |
| Eduard Holdener | Independent Director | Profile |
Still Interested in Trean Insurance GroupInc?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Other Consideration for investing in Trean Stock
If you are still planning to invest in Trean Insurance GroupInc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Trean Insurance's history and understand the potential risks before investing.
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