Cincinnati Financial Correlations

CINF Stock

USD 140.66 2.25 1.57%

The current 90-days correlation between Cincinnati Financial and W R Berkley is 0.74 (i.e., Poor diversification). The correlation of Cincinnati Financial 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.

Cincinnati Financial Correlation With Market

Modest diversification

The correlation between Cincinnati Financial and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cincinnati Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cincinnati Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in Cincinnati Stock please use our How to Invest in Cincinnati Financial guide.

Moving together with Cincinnati Stock

0.75	L	Loews Corp Earnings Call This Week	Pair Corr
0.85	AFG	American Financial	Pair Corr
0.86	ALL	Allstate	Pair Corr
0.81	BOW	Bowhead Specialty	Pair Corr
0.88	HMN	Horace Mann Educators	Pair Corr
0.76	MCY	Mercury General	Pair Corr
0.66	MKL	Markel	Pair Corr
0.81	ORI	Old Republic Interna Earnings Call This Week	Pair Corr
0.73	PGR	Progressive Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.87	PRA	ProAssurance	Pair Corr
0.91	RLI	RLI Corp Earnings Call Tomorrow	Pair Corr
0.81	STC	Stewart Information Normal Trading	Pair Corr
0.86	THG	Hanover Insurance	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr
0.93	UVE	Universal Insurance	Pair Corr
0.85	WRB	W R Berkley Earnings Call Tomorrow	Pair Corr
0.85	WTM	White Mountains Insurance	Pair Corr
0.7	HGTY	Hagerty	Pair Corr
0.75	HRTG	Heritage Insurance Hldgs	Pair Corr
0.94	KMPR	Kemper	Pair Corr
0.78	KNSL	Kinsale Capital Group	Pair Corr
0.79	LMND	Lemonade	Pair Corr
0.7	NODK	NI Holdings	Pair Corr
0.64	PLMR	Palomar Holdings Normal Trading	Pair Corr
0.74	ROOT	Root Inc	Pair Corr
0.73	ACIC	American Coastal Ins	Pair Corr
0.81	SAFT	Safety Insurance	Pair Corr

Moving against Cincinnati Stock

0.37	ALL-PI	Allstate	Pair Corr
0.37	ALL-PJ	Allstate	Pair Corr
0.33	ALL-PH	Allstate	Pair Corr

Related Correlations Analysis

	PGR	TRV	CB	WRB	ALL	SIGI	HMN	KMPR	PRA
PGR		0.8	0.5	0.81	0.77	0.86	0.54	0.73	0.67	PGR
TRV	0.8		0.76	0.73	0.73	0.75	0.41	0.63	0.61	TRV
CB	0.5	0.76		0.39	0.45	0.49	-0.09	0.12	0.24	CB
WRB	0.81	0.73	0.39		0.91	0.86	0.64	0.8	0.72	WRB
ALL	0.77	0.73	0.45	0.91		0.83	0.65	0.82	0.79	ALL
SIGI	0.86	0.75	0.49	0.86	0.83		0.68	0.73	0.84	SIGI
HMN	0.54	0.41	-0.09	0.64	0.65	0.68		0.84	0.88	HMN
KMPR	0.73	0.63	0.12	0.8	0.82	0.73	0.84		0.83	KMPR
PRA	0.67	0.61	0.24	0.72	0.79	0.84	0.88	0.83		PRA
	PGR	TRV	CB	WRB	ALL	SIGI	HMN	KMPR	PRA

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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

ALL	+ 0.91	WRB
PRA	+ 0.88	HMN
SIGI	+ 0.86	PGR
SIGI	+ 0.86	WRB
PRA	+ 0.84	SIGI
KMPR	+ 0.84	HMN

High negative correlations

HMN

- 0.09

Risk-Adjusted Indicators

There is a big difference between Cincinnati Stock performing well and Cincinnati Financial 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 Cincinnati Financial'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
PGR	0.96	(0.03)	0.00	(0.04)	0.00	0.00	2.50	(1.80)	7.23
TRV	1.08	0.00	(0.01)	0.02	1.43	(1.16)	1.68	(2.31)	13.26
CB	0.87	(0.11)	0.00	(0.37)	0.00	0.00	1.57	(1.85)	6.35
WRB	1.02	0.01	0.00	0.04	1.27	(1.09)	2.25	(1.73)	7.08
ALL	1.12	(0.02)	(0.02)	(0.01)	1.57	(1.12)	2.89	(2.15)	8.97
SIGI	1.15	(0.04)	0.00	(0.09)	0.00	0.00	2.03	(2.27)	10.05
HMN	1.23	0.12	0.07	0.19	1.48	(1.27)	1.88	(2.92)	11.77
KMPR	1.22	0.09	0.05	0.22	1.59	(1.15)	2.28	(2.94)	7.93
PRA	1.47	0.01	0.00	0.03	1.76	(1.77)	2.87	(2.58)	15.34

Cincinnati Financial Corporate Management

CPA CPA	Principal CFO	Profile
Doyle AIM	Senior Company	Profile
William Heuvel	Senior Company	Profile
Doyle CPCU	VP Company	Profile
CMA CPA	VP Officer	Profile
CFA CERA	Chairman CEO	Profile
Lisa Esq	Chief VP	Profile

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