W R Correlations

WRB-PE Preferred Stock

USD 25.11 0.11 0.44%

The current 90-days correlation between W R Berkley and Aspen Insurance Holdings is 0.21 (i.e., Modest diversification). The correlation of W R 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.

W R Correlation With Market

Weak diversification

The correlation between W R Berkley and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding W R Berkley and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to W R could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace W R 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 W R - 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 W R Berkley to buy it.

Moving together with WRB-PE Preferred Stock

0.76	CB	Chubb	Pair Corr
0.76	FRFHF	Fairfax Financial	Pair Corr
0.78	AFG	American Financial	Pair Corr
0.81	AIZ	Assurant	Pair Corr
0.81	ALL	Allstate	Pair Corr
0.69	HCI	HCI Group	Pair Corr
0.73	HIG	Hartford Financial	Pair Corr
0.7	ORI	Old Republic Interna Fiscal Year End 23rd of January 2025	Pair Corr
0.87	PGR	Progressive Corp Sell-off Trend	Pair Corr
0.75	THG	Hanover Insurance	Pair Corr
0.7	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.68	ALL-PB	Allstate	Pair Corr
0.91	ALL-PI	Allstate	Pair Corr
0.91	ALL-PH	Allstate	Pair Corr
0.84	ALL-PJ	Allstate	Pair Corr
0.64	SIGI	Selective Insurance	Pair Corr

Moving against WRB-PE Preferred Stock

0.75	FACO	First Acceptance Corp	Pair Corr
0.63	ROOT	Root Inc Trending	Pair Corr
0.44	TILCF	Till Capital	Pair Corr

Related Correlations Analysis

	AHL-PE	AHL-PC	ARGO-PA	AFSIB	AFSIA	HMN	KMPR	RLI	GBLI	CB
AHL-PE		0.93	0.68	0.59	0.83	0.63	0.12	0.82	0.29	0.84	AHL-PE
AHL-PC	0.93		0.72	0.6	0.85	0.67	0.09	0.8	0.2	0.86	AHL-PC
ARGO-PA	0.68	0.72		0.63	0.71	0.72	0.29	0.79	0.26	0.56	ARGO-PA
AFSIB	0.59	0.6	0.63		0.56	0.76	0.39	0.72	0.25	0.56	AFSIB
AFSIA	0.83	0.85	0.71	0.56		0.71	0.15	0.74	0.33	0.74	AFSIA
HMN	0.63	0.67	0.72	0.76	0.71		0.61	0.84	0.25	0.71	HMN
KMPR	0.12	0.09	0.29	0.39	0.15	0.61		0.49	0.13	0.29	KMPR
RLI	0.82	0.8	0.79	0.72	0.74	0.84	0.49		0.29	0.85	RLI
GBLI	0.29	0.2	0.26	0.25	0.33	0.25	0.13	0.29		0.15	GBLI
CB	0.84	0.86	0.56	0.56	0.74	0.71	0.29	0.85	0.15		CB
	AHL-PE	AHL-PC	ARGO-PA	AFSIB	AFSIA	HMN	KMPR	RLI	GBLI	CB

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Risk-Adjusted Indicators

There is a big difference between WRB-PE Preferred Stock performing well and W R 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 W R'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
AHL-PE	0.71	0.09	0.07	0.20	0.84	(0.80)	1.55	(1.88)	4.28
AHL-PC	0.40	0.07	0.09	0.38	0.45	(0.45)	1.05	(0.75)	3.80
ARGO-PA	0.24	0.03	(0.01)	(0.79)	0.27	(0.26)	0.61	(0.61)	1.78
AFSIB	1.08	0.11	0.04	0.59	1.37	(1.60)	2.89	(2.81)	9.55
AFSIA	0.68	0.11	0.05	(0.30)	0.85	(1.29)	1.89	(1.47)	6.88
HMN	1.13	0.11	0.07	0.22	1.37	(1.14)	1.86	(2.13)	7.23
KMPR	1.15	(0.05)	0.00	(0.05)	0.00	0.00	2.10	(2.95)	6.99
RLI	0.81	0.03	0.02	0.07	1.41	(0.75)	1.64	(1.92)	7.01
GBLI	1.15	0.21	0.10	(1.81)	1.18	(1.60)	3.15	(2.36)	9.05
CB	0.82	0.02	0.01	0.06	1.18	(0.82)	1.64	(1.54)	6.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in W R 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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