Hippo Holdings Correlations

HIPO Stock

USD 26.47 0.27 1.03%

The current 90-days correlation between Hippo Holdings and Employers Holdings is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hippo Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hippo Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hippo Holdings Correlation With Market

Very weak diversification

The correlation between Hippo Holdings and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hippo Holdings 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 Hippo Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Hippo Stock, please use our How to Invest in Hippo Holdings guide.

Moving together with Hippo Stock

0.73	MKL	Markel	Pair Corr
0.64	KINS	Kingstone Companies Earnings Call This Week	Pair Corr
0.62	ALL-PB	Allstate	Pair Corr

Moving against Hippo Stock

0.37	AFG	American Financial	Pair Corr
0.6	SIGI	Selective Insurance	Pair Corr
0.34	SAFT	Safety Insurance	Pair Corr
0.34	CINF	Cincinnati Financial	Pair Corr
0.31	UFCS	United Fire Group	Pair Corr

Related Correlations Analysis

	ICCH	EIG	AMSF	NMIH	ITIC	JRVR	ESNT	MTG	RDN
ICCH		0.08	0.16	0.24	0.13	0.24	-0.36	-0.17	-0.18	ICCH
EIG	0.08		0.7	-0.01	0.69	-0.34	-0.21	0.03	0.12	EIG
AMSF	0.16	0.7		0.14	0.73	-0.22	-0.36	-0.3	-0.2	AMSF
NMIH	0.24	-0.01	0.14		-0.21	0.53	0.55	0.63	0.53	NMIH
ITIC	0.13	0.69	0.73	-0.21		-0.36	-0.53	-0.37	-0.23	ITIC
JRVR	0.24	-0.34	-0.22	0.53	-0.36		0.36	0.42	0.15	JRVR
ESNT	-0.36	-0.21	-0.36	0.55	-0.53	0.36		0.82	0.64	ESNT
MTG	-0.17	0.03	-0.3	0.63	-0.37	0.42	0.82		0.85	MTG
RDN	-0.18	0.12	-0.2	0.53	-0.23	0.15	0.64	0.85		RDN
	ICCH	EIG	AMSF	NMIH	ITIC	JRVR	ESNT	MTG	RDN

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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

RDN	+ 0.85	MTG
MTG	+ 0.82	ESNT
ITIC	+ 0.73	AMSF
AMSF	+ 0.7	EIG
ITIC	+ 0.69	EIG
RDN	+ 0.64	ESNT

High negative correlations

ESNT	- 0.53	ITIC
MTG	- 0.37	ITIC
JRVR	- 0.36	ITIC
ESNT	- 0.36	AMSF
ESNT	- 0.36	ICCH
JRVR	- 0.34	EIG

Risk-Adjusted Indicators

There is a big difference between Hippo Stock performing well and Hippo 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 Hippo 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
ICCH	0.39	0.02	0.14	0.06	0.45	(0.57)	1.18	(0.64)	3.65
EIG	0.94	(0.03)	0.00	(0.13)	0.00	0.00	1.97	(2.27)	5.62
AMSF	0.84	0.00	0.08	(0.07)	0.95	(0.99)	1.94	(1.60)	5.38
NMIH	1.01	(0.06)	0.00	0.58	0.00	0.00	2.11	(2.33)	7.42
ITIC	1.38	0.02	0.05	(0.17)	2.00	(1.27)	1.90	(2.62)	7.79
JRVR	2.00	(0.13)	0.00	(0.21)	0.00	0.00	4.31	(3.20)	35.31
ESNT	0.95	0.07	0.06	0.03	1.41	(0.88)	1.87	(2.56)	5.90
MTG	1.05	0.00	0.00	(0.07)	0.00	0.00	1.80	(2.44)	7.24
RDN	1.01	(0.09)	0.00	1.33	0.00	0.00	1.91	(2.82)	6.29

Hippo Holdings Corporate Management

Hugh Frater	Independent Director	Profile
Simon FlemingWood	Chief Marketing Officer	Profile
Andrea Collins	Chief Officer	Profile
Sam Landman	Independent Director	Profile
Aviad Pinkovezky	Chief Product Officer	Profile
Yuval Harry	Executive Officer	Profile
Eric Feder	Independent Director	Profile

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