RenaissanceRe Holdings Ltd. (RNR) Correlation Distribution
Across 6,809 rolling correlation observations between RenaissanceRe Holdings Ltd. (RNR) and other NASDAQ-listed stocks, 35.2% are positive and 64.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.146, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12% and strong negative correlations (≤−0.7) for 11.8%.
- Total observations
- 6,809
- Mean correlation
- -0.146
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.2%
- Strong positive (≥0.7)
- 12%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 401 | 5.9% | |
| -0.8 to -0.7 | 401 | 5.9% | |
| -0.7 to -0.6 | 848 | 12.5% | |
| -0.6 to -0.5 | 847 | 12.4% | |
| -0.5 to -0.4 | 559 | 8.2% | |
| -0.4 to -0.3 | 558 | 8.2% | |
| -0.3 to -0.2 | 295 | 4.3% | |
| -0.2 to -0.1 | 295 | 4.3% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 207 | 3.0% | |
| 0.1 to 0.2 | 205 | 3.0% | |
| 0.2 to 0.3 | 205 | 3.0% | |
| 0.3 to 0.4 | 214 | 3.1% | |
| 0.4 to 0.5 | 213 | 3.1% | |
| 0.5 to 0.6 | 268 | 3.9% | |
| 0.6 to 0.7 | 267 | 3.9% | |
| 0.7 to 0.8 | 394 | 5.8% | |
| 0.8 to 0.9 | 393 | 5.8% | |
| 0.9 to 1.0 | 30 | 0.4% |
Frequently asked questions
What is the average correlation of RNR?
RenaissanceRe Holdings Ltd. (RNR) has an average correlation of about -0.146 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RNR positively correlated with other stocks?
Not predominantly — 35.2% of pairs are positive and 64.8% are negative. Strong positive correlations (≥0.7) make up 12%.
What is the most common correlation range for RNR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for RNR.
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