Kingstone Companies Correlations

KINS Stock

USD 15.36 0.47 2.97%

The correlation of Kingstone Companies 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.

Kingstone Companies Correlation With Market

Good diversification

The correlation between Kingstone Companies and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kingstone Companies and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingstone Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Kingstone Stock please use our How to Invest in Kingstone Companies guide.

Moving together with Kingstone Stock

0.61	HGTY	Hagerty	Pair Corr
0.64	ALL-PB	Allstate	Pair Corr

Moving against Kingstone Stock

0.67	EG	Everest Group	Pair Corr
0.42	SIGI	Selective Insurance	Pair Corr
0.4	DGICB	Donegal Group B	Pair Corr
0.38	UFCS	United Fire Group	Pair Corr
0.35	CINF	Cincinnati Financial	Pair Corr

Related Correlations Analysis

	HCI	UVE	HMN	HRTG	UFCS	FNHCQ
HCI		0.71	0.6	0.46	0.47	0.0	HCI
UVE	0.71		0.73	0.64	0.77	0.0	UVE
HMN	0.6	0.73		0.5	0.45	0.0	HMN
HRTG	0.46	0.64	0.5		0.7	0.0	HRTG
UFCS	0.47	0.77	0.45	0.7		0.0	UFCS
FNHCQ	0.0	0.0	0.0	0.0	0.0		FNHCQ
	HCI	UVE	HMN	HRTG	UFCS	FNHCQ

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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

UFCS	+ 0.77	UVE
HMN	+ 0.73	UVE
UVE	+ 0.71	HCI
UFCS	+ 0.7	HRTG
HRTG	+ 0.64	UVE
HMN	+ 0.6	HCI

High negative correlations

FNHCQ	- 0.0	UFCS
FNHCQ	- 0.0	HRTG
FNHCQ	- 0.0	HMN
FNHCQ	- 0.0	UVE
FNHCQ	- 0.0	HCI

Risk-Adjusted Indicators

There is a big difference between Kingstone Stock performing well and Kingstone Companies 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 Kingstone Companies' 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
HCI	1.43	0.28	0.20	4.67	1.52	(1.64)	3.62	(2.79)	10.37
UVE	1.30	0.08	0.09	0.33	1.47	(1.44)	2.40	(2.22)	12.00
HMN	1.26	0.08	0.05	0.02	1.81	(1.18)	2.19	(3.10)	9.56
HRTG	2.23	0.25	0.12	(0.57)	2.66	(2.41)	5.13	(4.31)	16.28
UFCS	1.49	0.00	0.05	(0.06)	1.87	(1.60)	3.25	(2.79)	8.16
FNHCQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Kingstone Companies Corporate Management

Sara Mikulski	VP CTO	Profile
Amanda Rofsky	Investor Director	Profile
Richard Swartz	Chief Officer	Profile
Shannon MattyProvvisiero	VP Relations	Profile

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