Safety Insurance Correlations

SFN Stock

EUR 71.50 1.50 2.14%

The current 90-days correlation between Safety Insurance and Ribbon Communications is -0.15 (i.e., Good 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

0.86

CCJ

Cincinnati Financial

Pair Corr

Moving against Safety Stock

0.63	MKV	Markel	Pair Corr
0.58	QBE	QBE Insurance Group	Pair Corr
0.48	FLN	Admiral Group plc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NU42	0HF	K9R	GRU	SMA	CI1A	4SB	44B
NU42		-0.5	0.42	0.77	0.7	0.73	0.27	0.05	NU42
0HF	-0.5		-0.36	-0.64	-0.33	-0.61	-0.28	-0.21	0HF
K9R	0.42	-0.36		0.51	0.43	0.57	0.25	-0.03	K9R
GRU	0.77	-0.64	0.51		0.66	0.83	0.53	0.31	GRU
SMA	0.7	-0.33	0.43	0.66		0.63	0.22	-0.12	SMA
CI1A	0.73	-0.61	0.57	0.83	0.63		0.42	0.26	CI1A
4SB	0.27	-0.28	0.25	0.53	0.22	0.42		0.64	4SB
44B	0.05	-0.21	-0.03	0.31	-0.12	0.26	0.64		44B
	NU42	0HF	K9R	GRU	SMA	CI1A	4SB	44B

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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

CI1A	+ 0.83	GRU
GRU	+ 0.77	NU42
CI1A	+ 0.73	NU42
SMA	+ 0.7	NU42
SMA	+ 0.66	GRU
44B	+ 0.64	4SB

High negative correlations

GRU	- 0.64	0HF
CI1A	- 0.61	0HF
0HF	- 0.5	NU42
K9R	- 0.36	0HF
SMA	- 0.33	0HF
4SB	- 0.28	0HF

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NU42	2.24	0.43	0.19	0.43	1.87	(3.17)	5.00	(4.62)	19.81
0HF	1.95	(0.09)	0.00	0.17	0.00	0.00	6.64	(5.50)	18.99
K9R	0.97	0.09	0.08	0.96	1.01	(1.46)	1.73	(2.19)	9.94
GRU	2.08	0.52	0.18	2.39	2.21	(2.63)	6.60	(3.08)	18.68
SMA	1.22	0.15	0.07	0.33	1.28	(2.27)	2.08	(2.04)	8.09
CI1A	1.48	0.34	0.15	(2.39)	1.81	(1.86)	3.93	(3.61)	13.49
4SB	1.05	(0.02)	0.00	(0.13)	0.00	0.00	2.49	(1.97)	6.05
44B	2.48	(0.04)	0.00	(0.15)	0.00	0.00	4.60	(3.67)	25.63

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.

James CPCU	VP Underwriting	Profile
Glenn Hiltpold	VP Services	Profile
George CPCU	CEO Pres	Profile
Christopher Whitford	CFO VP	Profile
John Drago	VP Marketing	Profile

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