International General Correlations

IGIC Stock

USD 25.88 0.65 2.45%

The current 90-days correlation between International General and Enstar Group Limited is 0.3 (i.e., Weak diversification). The correlation of International General 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.

International General Correlation With Market

Very weak diversification

The correlation between International General Insuranc 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 International General Insuranc 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 International General Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with International Stock

0.74	ESGR	Enstar Group Limited	Pair Corr
0.65	AEG	Aegon NV ADR	Pair Corr
0.67	WDH	Waterdrop ADR	Pair Corr
0.72	HIG-PG	The Hartford Financial	Pair Corr
0.63	ATH-PA	Athene Holding	Pair Corr
0.63	ATH-PC	Athene Holding	Pair Corr
0.61	EQH-PA	Equitable Holdings	Pair Corr
0.8	V	Visa Class A	Pair Corr
0.74	AC	Associated Capital Normal Trading	Pair Corr
0.69	BK	Bank of New York	Pair Corr

Moving against International Stock

0.52	SLF	Sun Life Financial	Pair Corr
0.46	FIHL	Fidelis Insurance	Pair Corr
0.56	DHIL	Diamond Hill Investment	Pair Corr
0.55	EG	Everest Group	Pair Corr
0.42	BX	Blackstone Group	Pair Corr
0.4	CM	Canadian Imperial Bank	Pair Corr

Related Correlations Analysis

	ESGR	EQH	ACGL	WDH	FGF	BBSEY	GSHD	HIG	AXAHY
ESGR		0.68	-0.12	0.73	-0.5	0.81	0.84	0.78	0.0	ESGR
EQH	0.68		0.13	0.43	-0.07	0.57	0.62	0.5	0.0	EQH
ACGL	-0.12	0.13		0.08	-0.04	0.07	-0.02	0.32	0.0	ACGL
WDH	0.73	0.43	0.08		-0.59	0.82	0.64	0.79	0.0	WDH
FGF	-0.5	-0.07	-0.04	-0.59		-0.56	-0.45	-0.6	0.0	FGF
BBSEY	0.81	0.57	0.07	0.82	-0.56		0.77	0.86	0.0	BBSEY
GSHD	0.84	0.62	-0.02	0.64	-0.45	0.77		0.84	0.0	GSHD
HIG	0.78	0.5	0.32	0.79	-0.6	0.86	0.84		0.0	HIG
AXAHY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AXAHY
	ESGR	EQH	ACGL	WDH	FGF	BBSEY	GSHD	HIG	AXAHY

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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

HIG	+ 0.86	BBSEY
GSHD	+ 0.84	ESGR
HIG	+ 0.84	GSHD
BBSEY	+ 0.82	WDH
BBSEY	+ 0.81	ESGR
HIG	+ 0.79	WDH

High negative correlations

HIG	- 0.6	FGF
FGF	- 0.59	WDH
BBSEY	- 0.56	FGF
FGF	- 0.5	ESGR
GSHD	- 0.45	FGF
ACGL	- 0.12	ESGR

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International General 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 International General'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
ESGR	0.15	0.04	0.32	0.60	0.00	(0.18)	0.41	(0.27)	1.38
EQH	1.42	0.31	0.13	0.18	1.91	(1.37)	3.32	(3.67)	9.18
ACGL	1.11	0.15	0.12	0.21	1.09	(1.20)	2.65	(2.08)	6.24
WDH	2.60	0.47	0.14	1.33	2.80	(3.33)	6.35	(5.26)	21.52
FGF	3.70	(0.08)	0.00	(0.13)	0.00	0.00	11.45	(7.45)	26.69
BBSEY	1.17	0.35	0.18	1.35	1.47	(1.37)	2.87	(1.93)	9.88
GSHD	2.13	0.33	0.13	0.21	2.22	(2.36)	4.49	(3.95)	21.17
HIG	0.86	0.23	0.22	0.32	0.85	(0.95)	2.14	(1.37)	5.10
AXAHY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

International General Corporate Management

Walid Jabsheh	Pres Director	Profile
Mamraj Chahar	Vice Investment	Profile
Robin Sidders	Head Relations	Profile
Rawan Alsulaiman	Chief Secretary	Profile
Sufian Salman	Chief Officer	Profile
Wasef Jabsheh	Chairman Founder	Profile
Tim Deardon	Senior Claims	Profile

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