Reliance Global Correlations

RELI Stock

USD 1.34 0.01 0.74%

The current 90-days correlation between Reliance Global Group and Huize Holding is 0.14 (i.e., Average diversification). The correlation of Reliance Global 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Global 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 bureau of economic analysis.

Moving together with Reliance Stock

0.77	ZBAO	Zhibao Technology Class	Pair Corr
0.79	AIFU	Fanhua Inc Symbol Change	Pair Corr
0.68	TIRX	Tian Ruixiang Holdings	Pair Corr

Moving against Reliance Stock

0.92	AJG	Arthur J Gallagher	Pair Corr
0.9	BRO	Brown Brown	Pair Corr
0.9	MMC	Marsh McLennan Companies	Pair Corr
0.89	AON	Aon PLC	Pair Corr
0.82	GSHD	Goosehead Insurance	Pair Corr
0.78	WTW	Willis Towers Watson	Pair Corr
0.46	BWIN	Baldwin Insurance Symbol Change	Pair Corr
0.42	TWFG	TWFG, Class A	Pair Corr
0.39	RELIW	Reliance Global Group	Pair Corr
0.66	DB	Deutsche Bank AG	Pair Corr
0.53	V	Visa Class A	Pair Corr
0.51	GL	Globe Life	Pair Corr
0.46	CB	Chubb	Pair Corr
0.44	AC	Associated Capital	Pair Corr
0.43	BK	Bank of New York	Pair Corr
0.35	L	Loews Corp	Pair Corr
0.87	LX	Lexinfintech Holdings	Pair Corr
0.79	LU	Lufax Holding	Pair Corr

Related Correlations Analysis

	HUIZ	SLQT	EHTH	FANH	GOCO	TIRX	ERIE	AJG	BRO
HUIZ		-0.04	-0.03	0.0	0.18	-0.05	0.31	0.21	0.18	HUIZ
SLQT	-0.04		0.73	0.0	0.82	0.28	-0.58	0.17	-0.12	SLQT
EHTH	-0.03	0.73		0.0	0.69	0.57	-0.67	-0.41	-0.65	EHTH
FANH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FANH
GOCO	0.18	0.82	0.69	0.0		0.23	-0.48	0.2	-0.07	GOCO
TIRX	-0.05	0.28	0.57	0.0	0.23		-0.28	-0.58	-0.74	TIRX
ERIE	0.31	-0.58	-0.67	0.0	-0.48	-0.28		0.37	0.53	ERIE
AJG	0.21	0.17	-0.41	0.0	0.2	-0.58	0.37		0.91	AJG
BRO	0.18	-0.12	-0.65	0.0	-0.07	-0.74	0.53	0.91		BRO
	HUIZ	SLQT	EHTH	FANH	GOCO	TIRX	ERIE	AJG	BRO

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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

BRO	+ 0.91	AJG
GOCO	+ 0.82	SLQT
EHTH	+ 0.73	SLQT
GOCO	+ 0.69	EHTH
TIRX	+ 0.57	EHTH
BRO	+ 0.53	ERIE

High negative correlations

BRO	- 0.74	TIRX
ERIE	- 0.67	EHTH
BRO	- 0.65	EHTH
AJG	- 0.58	TIRX
ERIE	- 0.58	SLQT
ERIE	- 0.48	GOCO

Risk-Adjusted Indicators

There is a big difference between Reliance Stock performing well and Reliance Global 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 Reliance Global'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
HUIZ	3.24	(0.19)	0.00	(0.27)	0.00	0.00	5.76	(7.32)	21.05
SLQT	3.94	0.43	0.09	0.75	4.55	(4.70)	6.98	(5.85)	47.58
EHTH	3.10	(0.07)	0.00	0.54	0.00	0.00	8.05	(6.03)	16.21
FANH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GOCO	3.76	0.17	0.04	0.36	4.60	(3.98)	8.74	(5.80)	32.65
TIRX	3.25	(0.30)	0.00	(2.27)	0.00	0.00	6.82	(7.59)	17.76
ERIE	1.45	(0.02)	0.00	(0.13)	0.00	0.00	3.22	(3.15)	11.24
AJG	1.03	0.26	0.20	(39.51)	1.22	(1.10)	2.05	(1.87)	6.86
BRO	0.79	0.25	0.29	(23.61)	0.65	(0.88)	1.93	(1.40)	4.81

Reliance Global Corporate Management

Grant Barra	Senior Operations	Profile
Brandon Johnson	Property Lines	Profile
Mark Sisson	Chief Alliance	Profile
Joel CPA	Chief Officer	Profile
Yaakov Beyman	Executive Division	Profile
Jonathan Fortman	Vice Acquisitions	Profile
William Lebovics	Chief Officer	Profile

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