Selective Insurance Correlations

SIGI Stock

USD 78.23 0.10 0.13%

The current 90-days correlation between Selective Insurance and Kemper is 0.12 (i.e., Average 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

Weak diversification

The correlation between Selective Insurance 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 Selective Insurance Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Selective Stock

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 rate.

Moving together with Selective Stock

0.7	CB	Chubb	Pair Corr
0.8	BOW	Bowhead Specialty	Pair Corr
0.79	RLI	RLI Corp	Pair Corr
0.72	UVE	Universal Insurance	Pair Corr
0.77	KMPR	Kemper	Pair Corr
0.77	KNSL	Kinsale Capital Group	Pair Corr
0.78	PLMR	Palomar Holdings	Pair Corr
0.72	ROOT	Root Inc	Pair Corr

Moving against Selective Stock

0.8	STC	Stewart Information	Pair Corr
0.74	MCY	Mercury General	Pair Corr
0.64	L	Loews Corp	Pair Corr
0.59	AII	American Integrity	Pair Corr
0.55	PRA	ProAssurance	Pair Corr
0.54	AFG	American Financial	Pair Corr
0.49	HMN	Horace Mann Educators	Pair Corr
0.44	HIG	Hartford Financial	Pair Corr
0.38	CNA	CNA Financial	Pair Corr
0.35	ALL	Allstate	Pair Corr
0.78	ALL-PB	Allstate	Pair Corr
0.77	ALL-PH	Allstate	Pair Corr
0.76	ALL-PI	Allstate	Pair Corr
0.71	SIGIP	Selective Insurance	Pair Corr
0.71	ALL-PJ	Allstate	Pair Corr
0.7	HGTY	Hagerty	Pair Corr
0.62	LMND	Lemonade	Pair Corr
0.7	ARGO-PA	Argo Group International	Pair Corr
0.69	WRB-PH	WR Berkley	Pair Corr
0.67	WRB-PG	WR Berkley	Pair Corr
0.65	C	Citigroup Aggressive Push	Pair Corr

Related Correlations Analysis

	HMN	KMPR	RLI	GBLI	ARGO-PA	THG	UFCS	SAFT
HMN		-0.63	-0.18	-0.52	0.36	0.73	0.92	0.15	HMN
KMPR	-0.63		0.7	0.78	-0.79	-0.32	-0.68	0.54	KMPR
RLI	-0.18	0.7		0.46	-0.91	0.17	-0.2	0.9	RLI
GBLI	-0.52	0.78	0.46		-0.56	-0.31	-0.52	0.37	GBLI
ARGO-PA	0.36	-0.79	-0.91	-0.56		-0.02	0.42	-0.83	ARGO-PA
THG	0.73	-0.32	0.17	-0.31	-0.02		0.58	0.33	THG
UFCS	0.92	-0.68	-0.2	-0.52	0.42	0.58		0.11	UFCS
SAFT	0.15	0.54	0.9	0.37	-0.83	0.33	0.11		SAFT
	HMN	KMPR	RLI	GBLI	ARGO-PA	THG	UFCS	SAFT

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

UFCS	+ 0.92	HMN
SAFT	+ 0.9	RLI
GBLI	+ 0.78	KMPR
THG	+ 0.73	HMN
RLI	+ 0.7	KMPR
UFCS	+ 0.58	THG

High negative correlations

ARGO-PA	- 0.91	RLI
SAFT	- 0.83	ARGO-PA
ARGO-PA	- 0.79	KMPR
UFCS	- 0.68	KMPR
KMPR	- 0.63	HMN
ARGO-PA	- 0.56	GBLI

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
HMN	0.97	0.02	(0.01)	0.14	1.28	(0.95)	2.34	(1.98)	5.64
KMPR	1.54	(0.28)	0.00	(0.23)	0.00	0.00	2.63	(2.80)	23.95
RLI	0.87	(0.24)	0.00	(0.23)	0.00	0.00	1.67	(2.00)	4.65
GBLI	1.59	0.00	(0.03)	0.10	2.18	(2.12)	4.35	(4.24)	13.66
ARGO-PA	0.06	0.02	(0.88)	1.21	0.00	(0.09)	0.16	(0.12)	0.40
THG	1.06	(0.06)	(0.07)	0.02	1.26	(1.12)	1.95	(2.02)	6.16
UFCS	1.19	0.03	0.03	0.13	1.32	(1.24)	2.31	(2.45)	8.78
SAFT	0.97	(0.26)	0.00	(0.16)	0.00	0.00	1.92	(2.20)	5.38

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC