Travelers Companies Correlations

TRV
 Stock
  

USD 168.81  3.80  2.30%   

The correlation of Travelers Companies is a statistical measure of how it moves in relation to other equities. 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 Travelers Companies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Travelers Companies 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.
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The ability to find closely correlated positions to Travelers Companies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Travelers Companies 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 Travelers Companies - 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 The Travelers Companies to buy it.

Moving together with Travelers Companies

0.73PRUPrudential FinancialPairCorr
0.8REEverest Re GroupPairCorr
0.72THGHanover InsurancePairCorr
0.89WRBWR Berkley CorpPairCorr
0.61ADSAlliance Data SystemsPairCorr
0.7ANTMAnthem IncPairCorr
0.7NTRSNorthern Trust CorpPairCorr

Moving against Travelers Companies

0.65NDAQNasdaq IncPairCorr
0.6PBCTPeoples United FinancialPairCorr
0.57OCNOcwen Financial CorpPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
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HPQDIS
  
High negative correlations   
HPQALVR
HPQMCD
JPMALVR
XOMALVR
XOMWMT
MCDJPM

Travelers Companies Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Travelers Companies stock performing well and Travelers Companies company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Travelers Companies' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
ALVR 5.91  1.07  0.17  0.76  5.79  0.14 (7.17)  13.96 (8.23)  30.02 
JPM 1.44 (0.07)  0.00 (0.04)  0.00 (0.0334)  0.00  3.03 (2.43)  10.79 
WMT 1.45 (0.21)  0.00 (0.35)  0.00 (0.09)  0.00  2.50 (3.78)  12.55 
MCD 0.94  0.06  0.04  0.11  1.11  0.0413 (1.05)  2.22 (1.55)  4.73 
HD 1.29  0.09  0.04  0.11  1.89  0.0488 (1.29)  2.39 (2.82)  7.62 
KO 0.98 (0.03)  0.00 (0.02)  0.00 (0.022)  0.00  1.87 (1.96)  8.84 
DIS 1.79  0.02  0.01  0.03  1.94  0.0119 (2.09)  3.75 (3.76)  7.34 
XOM 2.05  0.02  0.01  0.04  3.03  0.0071 (1.82)  3.33 (4.21)  10.43 
HPQ 2.02 (0.13)  0.00 (0.06)  0.00 (0.0452)  0.00  4.22 (4.31)  12.62 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Travelers Companies without increasing your portfolio risk or giving up 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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Travelers Companies Corporate Directors

Travelers Companies corporate directors refer to members of a Travelers Companies board of directors. The board of directors generally takes responsibility for the Travelers Companies' 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 Travelers Companies' board members must vote for the resolution. The Travelers Companies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Laurie Thomsen - Independent DirectorProfile
Philip Ruegger - Independent DirectorProfile
Clarence Otis - Independent DirectorProfile
William Kane - Independent DirectorProfile

Invested in The Travelers Companies?

You need to understand the risk of investing before taking a position in Travelers Companies. The danger of trading The Travelers Companies is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Travelers Companies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Travelers Companies. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile The Travelers Companies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. Note that the The Travelers Companies information on this page should be used as a complementary analysis to other Travelers Companies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Travelers Stock analysis

When running The Travelers Companies price analysis, check to measure Travelers Companies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Travelers Companies is operating at the current time. Most of Travelers Companies' value examination focuses on studying past and present price action to predict the probability of Travelers Companies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Travelers Companies' price. Additionally, you may evaluate how the addition of Travelers Companies to your portfolios can decrease your overall portfolio volatility.
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Is Travelers Companies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Travelers Companies. If investors know Travelers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Travelers Companies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.38
Market Capitalization
38.7 B
Quarterly Revenue Growth YOY
0.052
Return On Assets
0.0245
Return On Equity
0.14
The market value of The Travelers Companies is measured differently than its book value, which is the value of Travelers that is recorded on the company's balance sheet. Investors also form their own opinion of Travelers Companies' value that differs from its market value or its book value, called intrinsic value, which is Travelers Companies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Travelers Companies' market value can be influenced by many factors that don't directly affect Travelers Companies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Travelers Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine Travelers Companies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Travelers Companies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.