NI Holdings Correlations

NODK Stock

USD 14.01 0.15 1.06%

The current 90-days correlation between NI Holdings and Donegal Group A is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NI Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NI Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NI Holdings Correlation With Market

Very weak diversification

The correlation between NI Holdings and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NI Holdings 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 NI 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 unemployment.

For more information on how to buy NODK Stock please use our How to buy in NODK Stock guide.

Moving against NODK Stock

0.44	TRV	The Travelers Companies	Pair Corr
0.32	PGR	Progressive Corp	Pair Corr
0.71	ROOT	Root Inc Normal Trading	Pair Corr
0.81	ARGO-PA	Argo Group International	Pair Corr
0.58	V	Visa Class A	Pair Corr
0.34	DGICA	Donegal Group A	Pair Corr

Related Correlations Analysis

	HMN	DGICA	GBLI	SIGIP	SIGI	KMPR	DGICB	ARGO-PA	WTM	THG
HMN		0.78	0.03	0.55	-0.5	0.45	0.1	0.52	-0.27	0.76	HMN
DGICA	0.78		-0.02	0.78	-0.27	0.36	0.47	0.71	-0.27	0.77	DGICA
GBLI	0.03	-0.02		0.04	0.13	-0.07	-0.16	-0.28	0.28	-0.21	GBLI
SIGIP	0.55	0.78	0.04		-0.04	0.37	0.33	0.57	-0.15	0.72	SIGIP
SIGI	-0.5	-0.27	0.13	-0.04		-0.23	0.11	-0.48	0.35	-0.36	SIGI
KMPR	0.45	0.36	-0.07	0.37	-0.23		-0.01	0.25	0.3	0.68	KMPR
DGICB	0.1	0.47	-0.16	0.33	0.11	-0.01		0.22	0.05	0.24	DGICB
ARGO-PA	0.52	0.71	-0.28	0.57	-0.48	0.25	0.22		-0.34	0.45	ARGO-PA
WTM	-0.27	-0.27	0.28	-0.15	0.35	0.3	0.05	-0.34		-0.25	WTM
THG	0.76	0.77	-0.21	0.72	-0.36	0.68	0.24	0.45	-0.25		THG
	HMN	DGICA	GBLI	SIGIP	SIGI	KMPR	DGICB	ARGO-PA	WTM	THG

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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

DGICA	+ 0.78	HMN
SIGIP	+ 0.78	DGICA
THG	+ 0.77	DGICA
THG	+ 0.76	HMN
THG	+ 0.72	SIGIP
ARGO-PA	+ 0.71	DGICA

High negative correlations

SIGI	- 0.5	HMN
ARGO-PA	- 0.48	SIGI
THG	- 0.36	SIGI
WTM	- 0.34	ARGO-PA
ARGO-PA	- 0.28	GBLI
WTM	- 0.27	DGICA

Risk-Adjusted Indicators

There is a big difference between NODK Stock performing well and NI 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 NI 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
HMN	1.26	0.09	0.05	0.03	1.84	(1.16)	2.19	(3.10)	9.56
DGICA	1.11	0.21	0.22	0.82	1.00	(1.42)	2.44	(1.98)	6.12
GBLI	1.45	0.06	0.06	0.29	1.70	(1.98)	4.07	(3.59)	9.43
SIGIP	0.96	0.00	0.07	(0.06)	0.98	(1.18)	2.12	(1.56)	4.80
SIGI	1.38	(0.05)	0.00	(0.69)	0.00	0.00	2.62	(1.86)	15.02
KMPR	1.28	0.05	0.09	(0.33)	1.48	(1.31)	2.63	(2.05)	7.37
DGICB	2.11	(0.05)	0.00	(19.40)	0.00	0.00	5.68	(5.55)	17.15
ARGO-PA	0.12	0.03	0.73	1.26	0.00	(0.16)	0.25	(0.16)	0.65
WTM	1.02	(0.04)	0.00	(0.80)	0.00	0.00	1.84	(2.18)	6.59
THG	1.26	0.18	0.21	(8.25)	1.09	(1.64)	2.73	(1.71)	6.70

NI Holdings Corporate Management

CPCU CPA	Interim Officer	Profile
Timothy CPA	Chief Finance	Profile
Patrick Duncan	Senior Operations	Profile
William Thompson	Vice Marketing	Profile

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