RLI Corp Correlations

RLI Stock

USD 74.92 1.02 1.34%

The current 90-days correlation between RLI Corp and Kemper is 0.53 (i.e., Very weak diversification). The correlation of RLI Corp 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.

RLI Corp Correlation With Market

Modest diversification

The correlation between RLI Corp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RLI Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RLI Corp. 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.

For more detail on how to invest in RLI Stock please use our How to Invest in RLI Corp guide.

Moving together with RLI Stock

0.79	CB	Chubb	Pair Corr
0.71	AFG	American Financial	Pair Corr
0.79	ALL	Allstate	Pair Corr
0.88	BOW	Bowhead Specialty	Pair Corr
0.95	MCY	Mercury General	Pair Corr
0.9	PRA	ProAssurance Normal Trading	Pair Corr
0.81	STC	Stewart Information Normal Trading	Pair Corr
0.62	TRV	The Travelers Companies	Pair Corr
0.89	UVE	Universal Insurance Normal Trading	Pair Corr
0.69	WTM	White Mountains Insurance	Pair Corr
0.83	HGTY	Hagerty	Pair Corr
0.72	HRTG	Heritage Insurance Hldgs	Pair Corr
0.63	KMPR	Kemper	Pair Corr
0.73	KNSL	Kinsale Capital Group	Pair Corr
0.83	LMND	Lemonade	Pair Corr
0.66	SIGIP	Selective Insurance	Pair Corr
0.84	NODK	NI Holdings	Pair Corr
0.66	ACIC	American Coastal Ins	Pair Corr
0.92	SAFT	Safety Insurance Downward Rally	Pair Corr
0.74	SIGI	Selective Insurance	Pair Corr
0.8	SKWD	Skyward Specialty	Pair Corr
0.69	WRB-PH	WR Berkley	Pair Corr

Moving against RLI Stock

0.55	HCI	HCI Group Earnings Call This Week	Pair Corr
0.5	MKL	Markel	Pair Corr
0.32	ORI	Old Republic Interna	Pair Corr
0.31	ALL-PJ	Allstate	Pair Corr
0.86	ARGO-PA	Argo Group International	Pair Corr
0.83	C	Citigroup	Pair Corr
0.7	V	Visa Class A	Pair Corr

Related Correlations Analysis

	HMN	KMPR	GBLI	ARGO-PA	SIGI	DGICB	ARGO	STC
HMN		0.63	-0.04	-0.25	0.08	-0.28	0.0	0.81	HMN
KMPR	0.63		-0.3	-0.58	0.46	-0.27	0.0	0.73	KMPR
GBLI	-0.04	-0.3		0.25	-0.06	0.0	0.0	-0.14	GBLI
ARGO-PA	-0.25	-0.58	0.25		-0.75	0.05	0.0	-0.59	ARGO-PA
SIGI	0.08	0.46	-0.06	-0.75		-0.01	0.0	0.49	SIGI
DGICB	-0.28	-0.27	0.0	0.05	-0.01		0.0	-0.16	DGICB
ARGO	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ARGO
STC	0.81	0.73	-0.14	-0.59	0.49	-0.16	0.0		STC
	HMN	KMPR	GBLI	ARGO-PA	SIGI	DGICB	ARGO	STC

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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

STC	+ 0.81	HMN
STC	+ 0.73	KMPR
KMPR	+ 0.63	HMN
STC	+ 0.49	SIGI
SIGI	+ 0.46	KMPR
ARGO-PA	+ 0.25	GBLI

High negative correlations

SIGI	- 0.75	ARGO-PA
STC	- 0.59	ARGO-PA
ARGO-PA	- 0.58	KMPR
GBLI	- 0.3	KMPR
DGICB	- 0.28	HMN
DGICB	- 0.27	KMPR

Risk-Adjusted Indicators

There is a big difference between RLI Stock performing well and RLI Corp 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 RLI Corp'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
HMN	1.10	0.01	0.01	0.02	1.71	(1.01)	1.80	(3.10)	9.56
KMPR	1.21	(0.10)	0.00	(0.10)	0.00	0.00	2.11	(2.66)	5.92
GBLI	1.20	0.00	0.00	0.01	1.67	(1.42)	2.94	(2.92)	9.43
ARGO-PA	0.14	0.04	0.22	2.78	0.00	(0.18)	0.28	(0.24)	1.05
SIGI	1.24	(0.29)	0.00	(1.10)	0.00	0.00	2.38	(2.27)	15.02
DGICB	2.26	0.33	0.08	(1.07)	2.40	(3.57)	5.83	(5.43)	15.27
ARGO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STC	1.33	(0.03)	0.00	(0.03)	0.00	0.00	2.68	(2.97)	7.24

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