Safety Insurance Correlations

SFN Stock  EUR 70.00  0.50  0.71%   
The current 90-days correlation between Safety Insurance and Australian Agricultural is 0.18 (i.e., Average diversification). The correlation of Safety Insurance 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.

Safety Insurance Correlation With Market

Good diversification

The correlation between Safety Insurance Group and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Safety Insurance Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Safety Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Safety Insurance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Safety Insurance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Safety Insurance Group to buy it.

Moving together with Safety Stock

  0.65CCJ Cincinnati FinancialPairCorr
  0.63NRM Insurance AustraliaPairCorr
  0.688VY SCANDION ONC DKPairCorr
  0.87DBPD Xtrackers ShortDAXPairCorr

Moving against Safety Stock

  0.88JYS1 JYSKE BANKPairCorr
  0.87KB9 KBC Ancora SCAPairCorr
  0.8FLN Admiral Group plcPairCorr
  0.8GOC Star DiamondPairCorr
  0.78SVM Sovereign MetalsPairCorr
  0.75PGV ProgressivePairCorr
  0.75QBE QBE Insurance GroupPairCorr
  0.61PJC PICC PropertyPairCorr
  0.49ODQ ODYSSEY GOLD LTDPairCorr
  0.34MKV MarkelPairCorr
  0.865TP BLUE LABELPairCorr
  0.86DBPE Xtrackers LevDAXPairCorr
  0.85BSN Danone SAPairCorr
  0.83TKA thyssenkrupp AGPairCorr
  0.813RE Rejlerkoncernen ABPairCorr
  0.79TLLB Trelleborg ABPairCorr
  0.74E908 Lyxor 1PairCorr
  0.73SOBA ATT IncPairCorr
  0.72BY6A BYD LimitedPairCorr
  0.69KEI KEISEI EL RAILWAY SplitPairCorr
  0.67BRH Berkshire HathawayPairCorr
  0.62ROM Rohm CoPairCorr
  0.54HUKI HUHTAMAKIPairCorr
  0.5MRG Outcrop Silver GoldPairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Safety Stock performing well and Safety Insurance 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 Safety Insurance'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Safety Insurance without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Safety Insurance Corporate Management

Elected by the shareholders, the Safety Insurance's board of directors comprises two types of representatives: Safety Insurance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Safety. The board's role is to monitor Safety Insurance's management team and ensure that shareholders' interests are well served. Safety Insurance's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Safety Insurance's outside directors are responsible for providing unbiased perspectives on the board's policies.