United Fire Correlations

UFCS Stock

USD 28.76 0.28 0.96%

The current 90-days correlation between United Fire Group and Donegal Group B is -0.11 (i.e., Good diversification). The correlation of United Fire 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.

United Fire Correlation With Market

Weak diversification

The correlation between United Fire Group and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Fire 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 United Fire 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 main economic indicators.

Moving together with United Stock

0.77	BOW	Bowhead Specialty	Pair Corr
0.81	MCY	Mercury General	Pair Corr
0.69	RLI	RLI Corp	Pair Corr
0.72	STC	Stewart Information	Pair Corr
0.71	UVE	Universal Insurance	Pair Corr
0.61	HRTG	Heritage Insurance Hldgs	Pair Corr
0.68	LMND	Lemonade	Pair Corr
0.63	SKWD	Skyward Specialty	Pair Corr

Moving against United Stock

0.34	MKL	Markel	Pair Corr
0.74	C	Citigroup Aggressive Push	Pair Corr
0.49	CG	Carlyle Group Normal Trading	Pair Corr
0.47	BK	Bank of New York	Pair Corr
0.47	BN	Brookfield Corp	Pair Corr
0.39	FG	FG Annuities Life	Pair Corr
0.36	GL	Globe Life	Pair Corr
0.33	V	Visa Class A	Pair Corr

Related Correlations Analysis

	DGICB	HMN	DGICA	GBLI	NODK	SIGIP	WRB	SKWD	RLI	MKL
DGICB		0.16	0.49	-0.09	-0.17	0.39	0.34	0.14	0.11	-0.06	DGICB
HMN	0.16		0.79	-0.06	-0.32	0.56	0.83	0.75	-0.03	0.64	HMN
DGICA	0.49	0.79		-0.05	-0.46	0.82	0.83	0.6	-0.08	0.36	DGICA
GBLI	-0.09	-0.06	-0.05		0.14	-0.03	-0.22	-0.13	0.07	-0.25	GBLI
NODK	-0.17	-0.32	-0.46	0.14		-0.37	-0.62	0.09	0.75	-0.56	NODK
SIGIP	0.39	0.56	0.82	-0.03	-0.37		0.66	0.26	-0.15	0.24	SIGIP
WRB	0.34	0.83	0.83	-0.22	-0.62	0.66		0.53	-0.3	0.7	WRB
SKWD	0.14	0.75	0.6	-0.13	0.09	0.26	0.53		0.46	0.26	SKWD
RLI	0.11	-0.03	-0.08	0.07	0.75	-0.15	-0.3	0.46		-0.5	RLI
MKL	-0.06	0.64	0.36	-0.25	-0.56	0.24	0.7	0.26	-0.5		MKL
	DGICB	HMN	DGICA	GBLI	NODK	SIGIP	WRB	SKWD	RLI	MKL

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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

WRB	+ 0.83	HMN
WRB	+ 0.83	DGICA
SIGIP	+ 0.82	DGICA
DGICA	+ 0.79	HMN
SKWD	+ 0.75	HMN
RLI	+ 0.75	NODK

High negative correlations

WRB	- 0.62	NODK
MKL	- 0.56	NODK
MKL	- 0.5	RLI
NODK	- 0.46	DGICA
SIGIP	- 0.37	NODK
NODK	- 0.32	HMN

Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United Fire 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 United Fire'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
DGICB	2.39	0.31	0.08	0.84	2.62	(3.71)	5.68	(5.55)	17.15
HMN	1.26	0.08	0.05	0.02	1.81	(1.18)	2.19	(3.10)	9.56
DGICA	1.12	0.20	0.21	0.83	1.00	(1.42)	2.44	(1.98)	6.12
GBLI	1.32	(0.01)	0.04	(0.04)	1.62	(1.84)	4.00	(2.92)	9.40
NODK	1.16	(0.20)	0.00	(0.32)	0.00	0.00	2.11	(2.84)	9.93
SIGIP	0.94	0.05	0.11	0.34	0.92	(1.13)	2.12	(1.54)	4.80
WRB	1.02	0.11	0.10	0.14	1.29	(1.02)	2.20	(2.28)	5.88
SKWD	1.77	(0.01)	0.00	(0.09)	0.00	0.00	4.08	(3.95)	9.25
RLI	1.06	(0.14)	0.00	(0.38)	0.00	0.00	1.83	(2.00)	9.92
MKL	1.12	0.15	0.12	0.11	1.18	(1.33)	2.06	(2.37)	13.74

United Fire Corporate Management

Jeremy Bahl	Chief VP	Profile
Adam Vogt	VP Officer	Profile
Timothy Borst	Vice Relations	Profile
Adam Brown	Assistant Administration	Profile
Jolene Grow	Assistant Mang	Profile

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