ProAssurance Correlations

PRA Stock

USD 24.56 -0.07 -0.28%

Current 90-days correlation between ProAssurance and Maiden Holdings is 0.16 (i.e., Average diversification).Because correlations between assets tend to spike during market dislocations, the apparent diversification benefit of holding ProAssurance alongside other equities may be lower in practice than historical averages suggest.

ProAssurance Correlation to Market

Good diversification

Across the chosen horizon, PRA and DJI show a correlation of -0.04 and fall into the Good diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build AI portfolio with ProAssurance Stock

ProAssurance has a market cap of 1.27 B, operating margin of 20.31%, ROE of 3.99%. See Your Equity Center for portfolio-level analysis. This reflects a position in ProAssurance in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Our How to Buy ProAssurance Stock guide explains the steps to invest in ProAssurance stock.

Moving together with ProAssurance Stock

0.77	TRV	The Travelers Companies	Pair Corr
0.64	JOB	GEE Group	Pair Corr
0.81	MSM	MSC Industrial Direct	Pair Corr
0.77	ESP	Espey Mfg Electronics	Pair Corr
0.85	APA	APA Corporation	Pair Corr
0.66	RNG	Ringcentral	Pair Corr
0.75	FREDF	Fredonia Mining	Pair Corr
0.82	JLHL	Julong Holding	Pair Corr
0.69	HOIEF	Hosiden	Pair Corr
0.79	DXPE	DXP Enterprises	Pair Corr
0.81	GLMFF	Glacier Media Earnings Call This Week	Pair Corr
0.88	RBC	RBC Bearings	Pair Corr
0.87	PXS	Pyxis Tankers	Pair Corr
0.83	NTR	Nutrien	Pair Corr
0.81	WOPEF	Woodside Petroleum	Pair Corr
0.74	QYBX	Qian Yuan Baixing	Pair Corr
0.72	059438AH4	BANC ONE P	Pair Corr

Moving against ProAssurance Stock

0.91	BGMS	Bio Green Med Symbol Change	Pair Corr
0.86	KMPR	Kemper	Pair Corr
0.85	MLCI	Mount Logan Capital Earnings Call This Week	Pair Corr
0.69	EQC	Equity Commonwealth	Pair Corr
0.53	MSPR	MSP Recovery	Pair Corr
0.4	PLMR	Palomar Holdings	Pair Corr
0.35	ROBOF	RoboGroup TEK	Pair Corr
0.46	OBTEF	Orbital Limited	Pair Corr

Related Correlations Analysis

	MHLA	ROOT	SAFT	SIGI	OCSL	HIVE	CNOB	BFC	DCOM	BY
MHLA		0.48	0.45	0.49	0.47	0.41	0.38	0.01	0.05	0.13	MHLA
ROOT	0.48		0.22	0.06	0.94	0.8	0.19	-0.5	-0.51	-0.51	ROOT
SAFT	0.45	0.22		0.81	0.16	-0.22	0.62	0.45	0.49	0.46	SAFT
SIGI	0.49	0.06	0.81		0.07	-0.23	0.53	0.41	0.54	0.52	SIGI
OCSL	0.47	0.94	0.16	0.07		0.83	0.23	-0.43	-0.42	-0.47	OCSL
HIVE	0.41	0.8	-0.22	-0.23	0.83		-0.01	-0.61	-0.61	-0.6	HIVE
CNOB	0.38	0.19	0.62	0.53	0.23	-0.01		0.62	0.63	0.63	CNOB
BFC	0.01	-0.5	0.45	0.41	-0.43	-0.61	0.62		0.95	0.95	BFC
DCOM	0.05	-0.51	0.49	0.54	-0.42	-0.61	0.63	0.95		0.95	DCOM
BY	0.13	-0.51	0.46	0.52	-0.47	-0.6	0.63	0.95	0.95		BY
	MHLA	ROOT	SAFT	SIGI	OCSL	HIVE	CNOB	BFC	DCOM	BY

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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

DCOM	+ 0.95	BFC
BY	+ 0.95	BFC
BY	+ 0.95	DCOM
OCSL	+ 0.94	ROOT
HIVE	+ 0.83	OCSL
SIGI	+ 0.81	SAFT

High negative correlations

DCOM	- 0.61	HIVE
BFC	- 0.61	HIVE
BY	- 0.6	HIVE
BY	- 0.51	ROOT
DCOM	- 0.51	ROOT
BFC	- 0.5	ROOT

Risk-Adjusted Indicators

Surface-level performance for ProAssurance Stock can mask how the business actually stacks up against its competitive set. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. 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
MHLA	0.92	-0.05	0.00	-0.46	0.00	0.00	2.40	-1.97	7.81
ROOT	2.68	-0.77	0.00	-0.41	0.00	0.00	5.10	-5.81	17.89
SAFT	1.00	0.00	0.03	-0.06	1.33	-0.97	1.95	-2.06	5.44
SIGI	1.09	0.02	0.04	0.00	1.25	-1.17	2.56	-2.02	6.21
OCSL	1.00	-0.24	0.00	-0.38	0.00	0.00	2.14	-2.35	6.56
HIVE	3.86	-0.34	0.00	-0.18	0.00	0.00	8.92	-8.07	22.74
CNOB	1.25	0.02	0.00	-0.03	0.00	0.00	2.91	-2.84	10.89
BFC	1.28	0.11	0.07	0.06	1.38	-1.43	2.82	-1.99	9.50
DCOM	1.26	0.19	0.11	0.09	1.43	-1.43	3.41	-2.69	13.01
BY	1.13	0.11	0.07	0.07	1.43	-1.17	2.61	-2.37	8.71

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