Donegal Group Correlations

DGICA Stock

USD 18.23 0.17 0.92%

The current 90-days correlation between Donegal Group A and NI Holdings is 0.26 (i.e., Modest diversification). The correlation of Donegal Group 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.

Donegal Group Correlation With Market

Average diversification

The correlation between Donegal Group A and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Donegal Group A 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 Donegal Group A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Donegal Stock

0.89	CB	Chubb	Pair Corr
0.81	ALL	Allstate	Pair Corr
0.62	BOW	Bowhead Specialty	Pair Corr
0.76	HCI	HCI Group	Pair Corr
0.78	HMN	Horace Mann Educators	Pair Corr
0.87	PGR	Progressive Corp	Pair Corr
0.72	STC	Stewart Information	Pair Corr
0.82	THG	Hanover Insurance	Pair Corr
0.86	TRV	The Travelers Companies	Pair Corr
0.89	UVE	Universal Insurance	Pair Corr
0.84	WRB	W R Berkley	Pair Corr
0.8	SIGIP	Selective Insurance	Pair Corr
0.62	ALL-PJ	Allstate	Pair Corr
0.86	PLMR	Palomar Holdings	Pair Corr
0.75	ROOT	Root Inc Normal Trading	Pair Corr

Moving against Donegal Stock

0.51	AFG	American Financial	Pair Corr
0.4	NODK	NI Holdings	Pair Corr
0.31	SAFT	Safety Insurance	Pair Corr
0.67	CNFR	Conifer Holding	Pair Corr
0.62	AX	Axos Financial	Pair Corr
0.46	WRB-PF	WR Berkley	Pair Corr
0.44	C	Citigroup Aggressive Push	Pair Corr

Related Correlations Analysis

	NODK	HMN	GBLI	SIGIP	DGICB	UFCS	SIGI	KMPR	ARGO-PA	PRA
NODK		-0.26	0.18	-0.27	-0.23	0.43	0.59	-0.05	-0.81	0.17	NODK
HMN	-0.26		-0.07	0.55	0.12	0.4	-0.39	0.63	0.56	0.27	HMN
GBLI	0.18	-0.07		-0.05	-0.08	0.09	0.16	-0.03	-0.19	0.12	GBLI
SIGIP	-0.27	0.55	-0.05		0.31	0.49	0.03	0.39	0.65	0.43	SIGIP
DGICB	-0.23	0.12	-0.08	0.31		0.27	0.1	0.02	0.25	0.15	DGICB
UFCS	0.43	0.4	0.09	0.49	0.27		0.44	0.12	-0.09	0.56	UFCS
SIGI	0.59	-0.39	0.16	0.03	0.1	0.44		-0.16	-0.58	0.33	SIGI
KMPR	-0.05	0.63	-0.03	0.39	0.02	0.12	-0.16		0.36	0.25	KMPR
ARGO-PA	-0.81	0.56	-0.19	0.65	0.25	-0.09	-0.58	0.36		0.06	ARGO-PA
PRA	0.17	0.27	0.12	0.43	0.15	0.56	0.33	0.25	0.06		PRA
	NODK	HMN	GBLI	SIGIP	DGICB	UFCS	SIGI	KMPR	ARGO-PA	PRA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ARGO-PA	+ 0.65	SIGIP
KMPR	+ 0.63	HMN
SIGI	+ 0.59	NODK
ARGO-PA	+ 0.56	HMN
PRA	+ 0.56	UFCS
SIGIP	+ 0.55	HMN

High negative correlations

ARGO-PA	- 0.81	NODK
ARGO-PA	- 0.58	SIGI
SIGI	- 0.39	HMN
SIGIP	- 0.27	NODK
HMN	- 0.26	NODK
DGICB	- 0.23	NODK

Risk-Adjusted Indicators

There is a big difference between Donegal Stock performing well and Donegal Group 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 Donegal Group'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
NODK	1.17	(0.22)	0.00	(0.36)	0.00	0.00	2.11	(2.84)	9.93
HMN	1.26	0.09	0.05	0.03	1.84	(1.16)	2.19	(3.10)	9.56
GBLI	1.31	0.00	0.05	(0.08)	1.59	(1.85)	3.99	(2.92)	9.43
SIGIP	0.95	0.03	0.10	0.18	0.94	(1.16)	2.12	(1.54)	4.80
DGICB	2.18	0.04	0.03	(0.22)	2.70	(3.21)	4.71	(5.55)	17.15
UFCS	1.51	(0.01)	0.00	(0.09)	0.00	0.00	3.25	(3.68)	8.16
SIGI	1.37	(0.07)	0.00	(0.22)	0.00	0.00	2.62	(2.27)	15.02
KMPR	1.29	0.07	0.04	0.00	1.71	(1.20)	2.63	(2.58)	7.37
ARGO-PA	0.12	0.03	0.70	1.10	0.00	(0.16)	0.25	(0.16)	0.65
PRA	2.38	0.70	0.33	0.68	1.58	(3.07)	2.91	(2.98)	17.29

Donegal Group Corporate Management

Sheri Smith	VP Secretary	Profile
Natasha Romero	VP Controller	Profile
Francis Haefner	VP	Profile
Jeffrey Jacobsen	VP	Profile
Rick Hecker	Senior Counsel	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC