Everest Correlations

Stocks . USA . 
Stock . Everest Group
EG Stock   389.00  1.50  0.39%   
The current 90-days correlation between Everest Group and The Gap, is 0.24 (i.e., Modest diversification). The correlation of Everest 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.

Everest Correlation With Market

Very weak diversification

The correlation between Everest Group and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Everest Group and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Everest Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving against Everest Stock

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Related Correlations Analysis

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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   
GAP
+ 0.74
TITN
ABG
+ 0.72
SPG
ABG
+ 0.7
TITN
TITN
+ 0.67
SPG
ABG
+ 0.65
GAP
GTY
+ 0.62
SPG
  
High negative correlations   
GPC
- 0.53
SPG
GPC
- 0.44
GTY
GPC
- 0.38
SEE
ABG
- 0.29
GPC
GPC
- 0.23
TITN
GPC
- 0.08
GAP

Risk-Adjusted Indicators

There is a big difference between Everest Stock performing well and Everest 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 Everest'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.

Everest Corporate Management

James WilliamsonGroup EVPProfile
Terrence WalkerVP OfficerProfile
Dawn LauerSenior OfficerProfile
Srini MaddineniSenior OfficerProfile
Michael KarmilowiczExecutive InsuranceProfile
Matthew RohrmannSenior RelationsProfile
Brian BednerHead FinanceProfile
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