Mercury General Correlations

MCY Stock

USD 57.03 0.14 0.25%

The current 90-days correlation between Mercury General and Selective Insurance Group is 0.06 (i.e., Significant diversification). The correlation of Mercury 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Mercury General Correlation With Market

Good diversification

The correlation between Mercury General 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 Mercury General 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 Mercury General. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving together with Mercury Stock

0.7	RLI	RLI Corp	Pair Corr
0.64	LMND	Lemonade	Pair Corr
0.68	SAFT	Safety Insurance	Pair Corr

Moving against Mercury Stock

0.41	MKL	Markel	Pair Corr
0.61	C	Citigroup Aggressive Push	Pair Corr
0.39	WRB-PF	WR Berkley	Pair Corr
0.36	V	Visa Class A Sell-off Trend	Pair Corr

Related Correlations Analysis

	SIGI	KMPR	DGICB	ARGO-PA	GBLI	HMN	RLI	ARGO	PRA	STC
SIGI		-0.16	0.1	-0.58	0.16	-0.39	0.6	0.0	0.33	-0.07	SIGI
KMPR	-0.16		0.02	0.36	-0.03	0.63	-0.05	0.0	0.25	0.46	KMPR
DGICB	0.1	0.02		0.25	-0.08	0.12	0.11	0.0	0.15	0.12	DGICB
ARGO-PA	-0.58	0.36	0.25		-0.19	0.56	-0.65	0.0	0.06	0.27	ARGO-PA
GBLI	0.16	-0.03	-0.08	-0.19		-0.07	0.1	0.0	0.12	0.0	GBLI
HMN	-0.39	0.63	0.12	0.56	-0.07		0.0	0.0	0.27	0.8	HMN
RLI	0.6	-0.05	0.11	-0.65	0.1	0.0		0.0	0.35	0.39	RLI
ARGO	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ARGO
PRA	0.33	0.25	0.15	0.06	0.12	0.27	0.35	0.0		0.43	PRA
STC	-0.07	0.46	0.12	0.27	0.0	0.8	0.39	0.0	0.43		STC
	SIGI	KMPR	DGICB	ARGO-PA	GBLI	HMN	RLI	ARGO	PRA	STC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

STC	+ 0.8	HMN
HMN	+ 0.63	KMPR
RLI	+ 0.6	SIGI
HMN	+ 0.56	ARGO-PA
STC	+ 0.46	KMPR
STC	+ 0.43	PRA

High negative correlations

RLI	- 0.65	ARGO-PA
ARGO-PA	- 0.58	SIGI
HMN	- 0.39	SIGI
GBLI	- 0.19	ARGO-PA
KMPR	- 0.16	SIGI
GBLI	- 0.08	DGICB

Risk-Adjusted Indicators

There is a big difference between Mercury Stock performing well and Mercury 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 Mercury 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
SIGI	1.37	(0.07)	0.00	(0.22)	0.00	0.00	2.62	(2.27)	15.02
KMPR	1.29	0.07	0.04	0.00	1.71	(1.20)	2.63	(2.58)	7.37
DGICB	2.18	0.04	0.03	(0.22)	2.70	(3.21)	4.71	(5.55)	17.15
ARGO-PA	0.12	0.03	0.70	1.10	0.00	(0.16)	0.25	(0.16)	0.65
GBLI	1.31	0.00	0.05	(0.08)	1.59	(1.85)	3.99	(2.92)	9.43
HMN	1.26	0.09	0.05	0.03	1.84	(1.16)	2.19	(3.10)	9.56
RLI	1.07	(0.13)	0.00	(0.36)	0.00	0.00	1.83	(2.00)	9.92
ARGO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRA	2.38	0.70	0.33	0.68	1.58	(3.07)	2.91	(2.98)	17.29
STC	1.37	0.01	0.00	(0.06)	0.00	0.00	2.91	(2.46)	6.07

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC