Travelers Companies Correlations

TRV Stock

USD 233.30 1.76 0.75%

The correlation of Travelers Companies 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.

Travelers Companies Correlation With Market

Very weak diversification

The correlation between The Travelers Companies and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Travelers Companies and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Travelers Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Travelers Stock

0.96	CB	Chubb	Pair Corr
0.72	FRFHF	Fairfax Financial	Pair Corr
0.96	AFG	American Financial	Pair Corr
0.88	AIZ	Assurant	Pair Corr
0.91	ALL	Allstate	Pair Corr
0.62	BOW	Bowhead Specialty	Pair Corr
0.72	CNA	CNA Financial	Pair Corr
0.88	HCI	HCI Group	Pair Corr
0.68	HMN	Horace Mann Educators	Pair Corr
0.63	MCY	Mercury General	Pair Corr
0.81	ORI	Old Republic Interna Fiscal Year End 23rd of January 2025	Pair Corr
0.92	PGR	Progressive Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.73	PRA	ProAssurance	Pair Corr
0.86	RLI	RLI Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.77	STC	Stewart Information	Pair Corr
0.95	THG	Hanover Insurance	Pair Corr
0.92	UVE	Universal Insurance	Pair Corr
0.76	WRB	W R Berkley Fiscal Year End 22nd of January 2025	Pair Corr
0.81	HRTG	Heritage Insurance Hldgs	Pair Corr
0.68	TKOMY	Tokio Marine Holdings	Pair Corr
0.69	KINS	Kingstone Companies	Pair Corr
0.84	SIGIP	Selective Insurance	Pair Corr
0.82	ALL-PB	Allstate	Pair Corr
0.95	ALL-PI	Allstate	Pair Corr
0.94	ALL-PH	Allstate	Pair Corr
0.79	ALL-PJ	Allstate	Pair Corr
0.74	PLMR	Palomar Holdings	Pair Corr

Moving against Travelers Stock

0.68	FACO	First Acceptance Corp	Pair Corr
0.31	TILCF	Till Capital	Pair Corr
0.69	ROOT	Root Inc	Pair Corr

Related Correlations Analysis

	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL
AQUI		0.0	0.0	0.0	0.0	-1.0	0.0	0.0	0.0	AQUI
MSTSX	0.0		0.85	0.49	0.98	0.0	-0.38	0.88	0.87	MSTSX
LBHIX	0.0	0.85		0.67	0.9	0.0	-0.53	0.82	0.95	LBHIX
VIASP	0.0	0.49	0.67		0.56	0.0	-0.47	0.4	0.66	VIASP
RRTLX	0.0	0.98	0.9	0.56		0.0	-0.41	0.86	0.91	RRTLX
OSHDF	-1.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OSHDF
70082LAB3	0.0	-0.38	-0.53	-0.47	-0.41	0.0		-0.17	-0.41	70082LAB3
SITKF	0.0	0.88	0.82	0.4	0.86	0.0	-0.17		0.87	SITKF
RWAYL	0.0	0.87	0.95	0.66	0.91	0.0	-0.41	0.87		RWAYL
	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL

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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

RRTLX	+ 0.98	MSTSX
RWAYL	+ 0.95	LBHIX
RWAYL	+ 0.91	RRTLX
RRTLX	+ 0.9	LBHIX
SITKF	+ 0.88	MSTSX
RWAYL	+ 0.87	MSTSX

High negative correlations

OSHDF	- 1.0	AQUI
70082LAB3	- 0.53	LBHIX
70082LAB3	- 0.47	VIASP
RWAYL	- 0.41	70082LAB3
70082LAB3	- 0.41	RRTLX
70082LAB3	- 0.38	MSTSX

Risk-Adjusted Indicators

There is a big difference between Travelers Stock performing well and Travelers Companies 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 Travelers Companies' 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
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.60	0.13	0.02	(9.22)	0.63	(0.71)	1.40	(1.22)	4.07
LBHIX	0.14	0.05	(0.17)	(23.98)	0.00	(0.28)	0.24	(0.24)	1.44
VIASP	1.70	(0.07)	0.00	(0.42)	0.00	0.00	3.38	(4.97)	13.55
RRTLX	0.31	0.06	(0.11)	(4.76)	0.28	(0.36)	0.73	(0.64)	1.97
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
70082LAB3	0.87	(0.02)	(0.05)	0.02	1.96	(1.01)	1.36	(1.23)	24.27
SITKF	5.45	1.72	0.16	(1.59)	5.22	(8.82)	14.29	(7.69)	31.43
RWAYL	0.17	0.02	(0.35)	0.48	0.06	(0.19)	0.36	(0.32)	1.06

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