Trupanion Correlations

TRUP Stock

USD 35.83 0.27 0.75%

The current 90-days correlation between Trupanion and NMI Holdings is 0.26 (i.e., Modest diversification). The correlation of Trupanion 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Trupanion Correlation With Market

Very weak diversification

The correlation between Trupanion and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trupanion 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 Trupanion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in Trupanion Stock, please use our How to Invest in Trupanion guide.

Moving together with Trupanion Stock

0.73

NODK

NI Holdings

Pair Corr

Moving against Trupanion Stock

0.87	PGR	Progressive Corp	Pair Corr
0.76	HIG	Hartford Financial	Pair Corr
0.71	HCI	HCI Group	Pair Corr
0.69	THG	Hanover Insurance	Pair Corr
0.66	ORI	Old Republic Interna	Pair Corr
0.63	TRV	The Travelers Companies	Pair Corr
0.6	UVE	Universal Insurance	Pair Corr
0.59	CB	Chubb	Pair Corr
0.58	HMN	Horace Mann Educators	Pair Corr
0.5	ALL	Allstate	Pair Corr
0.5	STC	Stewart Information	Pair Corr
0.34	MKL	Markel	Pair Corr
0.8	PLMR	Palomar Holdings	Pair Corr
0.76	WRB	W R Berkley	Pair Corr
0.68	ROOT	Root Inc Normal Trading	Pair Corr
0.66	SIGIP	Selective Insurance	Pair Corr
0.62	ALL-PJ	Allstate	Pair Corr
0.41	SKWD	Skyward Specialty	Pair Corr

Related Correlations Analysis

	FAF	AIZ	NMIH	MTG	ESNT	ICCH	EIG	AMSF	ITIC
FAF		0.29	0.02	0.31	0.1	-0.45	0.51	0.3	0.51	FAF
AIZ	0.29		0.72	0.47	0.23	0.19	0.47	0.48	0.29	AIZ
NMIH	0.02	0.72		0.68	0.61	0.08	0.17	0.19	-0.14	NMIH
MTG	0.31	0.47	0.68		0.81	-0.28	-0.01	-0.14	-0.24	MTG
ESNT	0.1	0.23	0.61	0.81		-0.44	-0.2	-0.3	-0.54	ESNT
ICCH	-0.45	0.19	0.08	-0.28	-0.44		-0.09	0.23	0.17	ICCH
EIG	0.51	0.47	0.17	-0.01	-0.2	-0.09		0.86	0.77	EIG
AMSF	0.3	0.48	0.19	-0.14	-0.3	0.23	0.86		0.73	AMSF
ITIC	0.51	0.29	-0.14	-0.24	-0.54	0.17	0.77	0.73		ITIC
	FAF	AIZ	NMIH	MTG	ESNT	ICCH	EIG	AMSF	ITIC

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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

AMSF	+ 0.86	EIG
ESNT	+ 0.81	MTG
ITIC	+ 0.77	EIG
ITIC	+ 0.73	AMSF
NMIH	+ 0.72	AIZ
MTG	+ 0.68	NMIH

High negative correlations

ITIC	- 0.54	ESNT
ICCH	- 0.45	FAF
ICCH	- 0.44	ESNT
AMSF	- 0.3	ESNT
ICCH	- 0.28	MTG
ITIC	- 0.24	MTG

Risk-Adjusted Indicators

There is a big difference between Trupanion Stock performing well and Trupanion 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 Trupanion'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
FAF	1.13	0.18	0.14	0.14	1.29	(1.18)	2.18	(2.37)	6.13
AIZ	1.11	0.09	0.10	0.07	1.30	(1.18)	2.31	(2.43)	5.07
NMIH	1.02	0.02	0.00	(0.07)	0.00	0.00	2.32	(2.74)	7.42
MTG	1.03	0.01	0.00	(0.09)	0.00	0.00	1.80	(2.44)	7.24
ESNT	0.95	0.07	0.07	0.01	1.39	(0.89)	1.87	(2.56)	5.90
ICCH	0.45	(0.01)	0.13	(0.02)	0.60	(0.65)	1.51	(0.72)	4.57
EIG	0.94	0.03	0.08	(0.02)	1.15	(0.99)	1.99	(2.27)	5.62
AMSF	0.89	0.03	0.10	0.01	1.00	(1.02)	2.06	(1.77)	5.38
ITIC	1.43	0.11	0.05	0.00	2.14	(1.25)	2.30	(2.72)	7.79

Trupanion Corporate Management

Fawwad Qureshi	Chief Officer	Profile
Gavin Friedman	Exec Sec	Profile
Andrew MBA	Chief Officer	Profile
Scott Janzen	Director Communications	Profile
John Gallagher	Executive Services	Profile
Christopher Kearns	Chief Officer	Profile
Brenna McGibney	Chief Officer	Profile

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