RenaissanceRe Holdings Correlations
| RRJ Stock | EUR 238.00 6.00 2.59% |
The current 90-days correlation between RenaissanceRe Holdings and Everest Group is 0.66 (i.e., Poor diversification). The correlation of RenaissanceRe Holdings 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.
RenaissanceRe Holdings Correlation With Market
Very weak diversification
The correlation between RenaissanceRe Holdings and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RenaissanceRe Holdings and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to RenaissanceRe Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RenaissanceRe Holdings 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 RenaissanceRe Holdings - 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 RenaissanceRe Holdings to buy it.
Moving together with RenaissanceRe Stock
| 0.63 | ERE | Everest Group | PairCorr |
| 0.67 | 0ZQ | JSC National Atomic | PairCorr |
| 0.68 | 74F | LIFE BANC SPLIT | PairCorr |
| 0.62 | G8L | GREENLIGHT CAP RE | PairCorr |
Moving against RenaissanceRe Stock
| 0.52 | BRH | Berkshire Hathaway | PairCorr |
| 0.37 | IDO1 | PT Indosat Tbk Split | PairCorr |
| 0.34 | ROM | ROHM | PairCorr |
| 0.42 | 9RV | REVLTNRY CNCPT | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between RenaissanceRe Stock performing well and RenaissanceRe Holdings 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 RenaissanceRe Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MUVB | 1.73 | 0.04 | 0.00 | (0.16) | 2.26 | 4.20 | 11.59 | |||
| SR9A | 1.29 | 0.20 | 0.11 | (3.48) | 1.25 | 3.38 | 10.38 | |||
| HNRB | 1.00 | (0.04) | 0.00 | (0.22) | 0.00 | 2.46 | 6.26 | |||
| ERE | 1.31 | (0.06) | 0.00 | (0.04) | 0.00 | 3.13 | 10.97 | |||
| RGPB | 1.53 | (0.01) | 0.00 | 0.01 | 2.00 | 3.34 | 11.74 | |||
| RRJ | 1.53 | 0.03 | 0.01 | 0.05 | 2.25 | 3.17 | 11.87 | |||
| SDRC | 1.49 | 0.27 | 0.16 | 2.14 | 1.39 | 2.93 | 13.43 | |||
| 65C | 1.01 | (0.13) | 0.00 | 0.88 | 0.00 | 2.16 | 9.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in RenaissanceRe Holdings 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.Did you try this?
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RenaissanceRe Holdings Corporate Management
Elected by the shareholders, the RenaissanceRe Holdings' board of directors comprises two types of representatives: RenaissanceRe Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RenaissanceRe. The board's role is to monitor RenaissanceRe Holdings' management team and ensure that shareholders' interests are well served. RenaissanceRe Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, RenaissanceRe Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ross Curtis | Ex Officer | Profile | |
| Keil Gunther | Head VP | Profile | |
| Robert Qutub | Ex CFO | Profile | |
| Keith McCue | Sr Relations | Profile | |
| Shannon Bender | Group VP | Profile | |
| Sean CFA | Chief VP | Profile | |
| Blythe Walker | VP CTO | Profile |