Selective Insurance Correlations

SIGI Stock

USD 89.64 0.01 0.01%

The current 90-days correlation between Selective Insurance and Kemper is 0.36 (i.e., Weak diversification). The correlation of Selective 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.

Selective Insurance Correlation With Market

Average diversification

The correlation between Selective Insurance Group and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Selective Insurance Group and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Selective Insurance 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 price.

Moving together with Selective Stock

0.78	AFG	American Financial	Pair Corr
0.62	SAFT	Safety Insurance	Pair Corr

Moving against Selective Stock

0.62	MKL	Markel	Pair Corr
0.59	PGR	Progressive Corp	Pair Corr
0.48	ALL-PB	Allstate	Pair Corr
0.47	WRB	W R Berkley	Pair Corr
0.45	HMN	Horace Mann Educators	Pair Corr
0.4	KINS	Kingstone Companies	Pair Corr
0.39	ALL-PJ	Allstate	Pair Corr
0.33	THG	Hanover Insurance	Pair Corr
0.77	V	Visa Class A	Pair Corr
0.69	BK	Bank of New York	Pair Corr
0.68	AC	Associated Capital	Pair Corr
0.58	GL	Globe Life	Pair Corr
0.5	ROOT	Root Inc Downward Rally	Pair Corr
0.48	PLMR	Palomar Holdings	Pair Corr
0.48	ARGO-PA	Argo Group International	Pair Corr
0.38	C	Citigroup Aggressive Push	Pair Corr

Related Correlations Analysis

	KMPR	DGICB	ARGO-PA	GBLI	HMN	ARGO	PRA	CNA
KMPR		0.08	0.49	-0.03	0.63	0.0	0.26	0.79	KMPR
DGICB	0.08		0.33	-0.03	0.25	0.0	0.51	0.06	DGICB
ARGO-PA	0.49	0.33		-0.09	0.69	0.0	0.35	0.55	ARGO-PA
GBLI	-0.03	-0.03	-0.09		-0.03	0.0	0.22	-0.08	GBLI
HMN	0.63	0.25	0.69	-0.03		0.0	0.37	0.65	HMN
ARGO	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ARGO
PRA	0.26	0.51	0.35	0.22	0.37	0.0		0.33	PRA
CNA	0.79	0.06	0.55	-0.08	0.65	0.0	0.33		CNA
	KMPR	DGICB	ARGO-PA	GBLI	HMN	ARGO	PRA	CNA

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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

CNA	+ 0.79	KMPR
HMN	+ 0.69	ARGO-PA
CNA	+ 0.65	HMN
HMN	+ 0.63	KMPR
CNA	+ 0.55	ARGO-PA
PRA	+ 0.51	DGICB

High negative correlations

GBLI	- 0.09	ARGO-PA
CNA	- 0.08	GBLI
HMN	- 0.03	GBLI
GBLI	- 0.03	DGICB
GBLI	- 0.03	KMPR
CNA	- 0.0	ARGO

Risk-Adjusted Indicators

There is a big difference between Selective Stock performing well and Selective 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 Selective 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
KMPR	1.30	0.04	0.02	0.05	1.64	(1.25)	2.63	(2.58)	7.37
DGICB	2.47	0.16	0.04	0.60	2.80	(3.71)	5.68	(5.65)	17.15
ARGO-PA	0.12	0.03	0.19	1.44	0.00	(0.16)	0.25	(0.16)	0.65
GBLI	1.30	0.03	0.01	(0.06)	1.59	(1.83)	4.00	(2.92)	9.40
HMN	1.22	0.08	0.04	0.10	1.74	(1.18)	2.19	(3.10)	9.56
ARGO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRA	2.36	0.68	0.31	0.78	1.52	(2.99)	2.91	(2.98)	48.13
CNA	1.01	0.05	0.04	0.09	1.23	(1.08)	2.17	(2.28)	5.91

Selective Insurance Corporate Management

John Bresney	Executive Officer	Profile
Brad Wilson	Senior Treasurer	Profile
Joseph CFA	Executive Officer	Profile
Brenda Hall	Executive Lines	Profile
Rohit Mull	Chief VP	Profile
Rohan Pai	VP Treasurer	Profile

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