Kinsale Capital Correlations

KNSL Stock

USD 482.70 12.66 2.69%

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

Kinsale Capital Correlation With Market

Weak diversification

The correlation between Kinsale Capital Group and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinsale Capital Group 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 Kinsale Capital Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving against Kinsale Stock

0.37	CNFR	Conifer Holding Earnings Call This Week	Pair Corr
0.33	WRB-PF	WR Berkley	Pair Corr
0.31	WRB-PH	WR Berkley	Pair Corr

Related Correlations Analysis

	SIGI	HMN	KMPR	PRA	CNA	ALL	CB	TRV	WRB	MKL
SIGI		-0.42	-0.21	0.36	-0.25	0.11	-0.02	-0.2	-0.28	-0.49	SIGI
HMN	-0.42		0.63	0.25	0.63	0.57	0.64	0.68	0.74	0.59	HMN
KMPR	-0.21	0.63		0.03	0.78	0.28	0.48	0.6	0.36	0.58	KMPR
PRA	0.36	0.25	0.03		0.03	0.64	0.36	0.19	0.45	0.07	PRA
CNA	-0.25	0.63	0.78	0.03		0.27	0.48	0.6	0.38	0.54	CNA
ALL	0.11	0.57	0.28	0.64	0.27		0.78	0.62	0.78	0.27	ALL
CB	-0.02	0.64	0.48	0.36	0.48	0.78		0.92	0.62	0.22	CB
TRV	-0.2	0.68	0.6	0.19	0.6	0.62	0.92		0.58	0.37	TRV
WRB	-0.28	0.74	0.36	0.45	0.38	0.78	0.62	0.58		0.67	WRB
MKL	-0.49	0.59	0.58	0.07	0.54	0.27	0.22	0.37	0.67		MKL
	SIGI	HMN	KMPR	PRA	CNA	ALL	CB	TRV	WRB	MKL

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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

TRV	+ 0.92	CB
CNA	+ 0.78	KMPR
CB	+ 0.78	ALL
WRB	+ 0.78	ALL
WRB	+ 0.74	HMN
TRV	+ 0.68	HMN

High negative correlations

MKL	- 0.49	SIGI
HMN	- 0.42	SIGI
WRB	- 0.28	SIGI
CNA	- 0.25	SIGI
KMPR	- 0.21	SIGI
TRV	- 0.2	SIGI

Risk-Adjusted Indicators

There is a big difference between Kinsale Stock performing well and Kinsale Capital 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 Kinsale Capital'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
SIGI	1.39	(0.07)	0.00	(0.18)	0.00	0.00	2.62	(2.27)	15.02
HMN	1.27	0.06	0.04	0.04	1.81	(1.21)	2.19	(3.10)	9.56
KMPR	1.34	0.03	0.02	0.00	1.71	(1.27)	2.63	(2.58)	7.37
PRA	2.48	0.80	0.37	0.85	1.46	(3.21)	2.91	(2.91)	48.13
CNA	1.02	0.07	0.06	0.08	1.26	(1.08)	2.17	(2.28)	5.91
ALL	1.33	0.10	0.08	(0.50)	1.58	(1.46)	2.72	(2.37)	8.73
CB	1.01	0.10	0.10	0.28	1.12	(1.04)	2.22	(1.85)	5.98
TRV	1.07	0.11	0.09	0.13	1.31	(1.17)	2.38	(1.97)	5.76
WRB	1.03	0.14	0.13	(1.60)	1.26	(1.07)	2.20	(2.28)	5.88
MKL	1.12	0.12	0.11	0.82	1.15	(1.38)	2.06	(2.37)	13.74

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