Hagerty Correlations

HGTY Stock  USD 9.28  0.05  0.54%   
The current 90-days correlation between Hagerty and Selective Insurance Group is 0.27 (i.e., Modest diversification). The correlation of Hagerty 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Hagerty Correlation With Market

Weak diversification

The correlation between Hagerty and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hagerty and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hagerty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Hagerty Stock please use our How to Invest in Hagerty guide.

Moving together with Hagerty Stock

  0.65MCY Mercury GeneralPairCorr
  0.62PRA ProAssurancePairCorr
  0.65RLI RLI CorpPairCorr
  0.69STC Stewart Information Normal TradingPairCorr
  0.77KNSL Kinsale Capital GroupPairCorr
  0.74LMND LemonadePairCorr
  0.74NODK NI HoldingsPairCorr
  0.71ACIC American Coastal InsPairCorr
  0.63SAFT Safety InsurancePairCorr

Moving against Hagerty Stock

  0.45HCI HCI GroupPairCorr

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   
DGICAHMN
SIGIPDGICA
NODKSIGI
UFCSNODK
DGICAARGO-PA
HMNKMPR
  
High negative correlations   
NODKARGO-PA
ARGO-PASIGI
UFCSARGO-PA
GBLIARGO-PA
HMNSIGI
DGICASIGI

Risk-Adjusted Indicators

There is a big difference between Hagerty Stock performing well and Hagerty 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 Hagerty'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SIGI  1.37 (0.11) 0.00 (0.37) 0.00 
 2.62 
 15.02 
KMPR  1.38  0.07  0.00 (0.04) 0.00 
 2.63 
 7.37 
DGICB  2.13  0.15  0.05  0.35  2.62 
 4.71 
 17.15 
ARGO-PA  0.12  0.03  0.96  1.15  0.00 
 0.25 
 0.65 
GBLI  1.33 (0.06) 0.00  0.04  0.00 
 3.99 
 9.43 
NODK  1.17 (0.16) 0.00 (0.30) 0.00 
 2.11 
 9.93 
HMN  1.27  0.12  0.07  0.03  1.88 
 2.17 
 9.56 
DGICA  1.11  0.19  0.23  0.83  1.02 
 2.44 
 6.12 
SIGIP  0.94 (0.01) 0.00 (0.15) 0.00 
 2.12 
 4.80 
UFCS  1.51 (0.01) 0.00 (0.12) 0.00 
 3.25 
 8.16 

Hagerty Corporate Management

Diana ChafeyChief SecretaryProfile
Daniel IgnotoVP PartnershipsProfile
John ButcherPres MarketsProfile
Collette ChampagneChief OfficerProfile
Chuck FavourChief OfficerProfile
Paul BAMarketing MediaProfile
McKeel HagertyCEO DirectorProfile