Donegal Group Correlations

DGICB Stock

USD 14.35 0.35 2.50%

The current 90-days correlation between Donegal Group B and Horace Mann Educators is 0.11 (i.e., Average diversification). The correlation of Donegal Group 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.

Donegal Group Correlation With Market

Significant diversification

The correlation between Donegal Group B and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Donegal Group B and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Donegal Group B. 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 Donegal Stock

0.64	AIZ	Assurant	Pair Corr
0.61	HCI	HCI Group	Pair Corr
0.8	HMN	Horace Mann Educators	Pair Corr
0.69	MCY	Mercury General	Pair Corr
0.72	PRA	ProAssurance	Pair Corr
0.76	RLI	RLI Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.78	THG	Hanover Insurance	Pair Corr
0.69	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.73	KINS	Kingstone Companies Trending	Pair Corr
0.64	KMPR	Kemper	Pair Corr
0.69	LMND	Lemonade Trending	Pair Corr
0.75	ALL-PB	Allstate	Pair Corr
0.75	ROOT	Root Inc Trending	Pair Corr
0.66	ACIC	American Coastal Ins Normal Trading	Pair Corr

Moving against Donegal Stock

0.59	CNA	CNA Financial	Pair Corr
0.45	HRTG	Heritage Insurance Hldgs Normal Trading	Pair Corr
0.39	FACO	First Acceptance Corp	Pair Corr
0.57	WRB-PG	WR Berkley	Pair Corr
0.41	ALL-PI	Allstate	Pair Corr
0.4	TILCF	Till Capital	Pair Corr
0.37	ALL-PH	Allstate	Pair Corr
0.32	KNSL	Kinsale Capital Group	Pair Corr

Related Correlations Analysis

	HMN	UFCS	DGICA	GBLI	SIGI	KMPR	ARGO-PA	NODK	PRA
HMN		0.78	0.75	0.32	0.83	0.9	0.81	0.71	0.9	HMN
UFCS	0.78		0.73	0.14	0.69	0.9	0.54	0.57	0.68	UFCS
DGICA	0.75	0.73		0.09	0.5	0.8	0.46	0.56	0.5	DGICA
GBLI	0.32	0.14	0.09		0.32	0.26	0.32	0.31	0.38	GBLI
SIGI	0.83	0.69	0.5	0.32		0.75	0.72	0.54	0.9	SIGI
KMPR	0.9	0.9	0.8	0.26	0.75		0.67	0.67	0.8	KMPR
ARGO-PA	0.81	0.54	0.46	0.32	0.72	0.67		0.66	0.85	ARGO-PA
NODK	0.71	0.57	0.56	0.31	0.54	0.67	0.66		0.69	NODK
PRA	0.9	0.68	0.5	0.38	0.9	0.8	0.85	0.69		PRA
	HMN	UFCS	DGICA	GBLI	SIGI	KMPR	ARGO-PA	NODK	PRA

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Risk-Adjusted Indicators

There is a big difference between Donegal Stock performing well and Donegal Group 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 Donegal Group'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	1.30	0.17	0.13	0.24	1.32	(1.42)	2.13	(2.23)	11.51
UFCS	1.87	0.34	0.35	0.20	1.09	(2.33)	4.68	(2.48)	28.06
DGICA	1.14	0.09	0.03	0.27	1.61	(1.23)	2.51	(1.90)	12.60
GBLI	0.98	0.19	0.05	(1.10)	0.99	(1.35)	2.91	(1.97)	9.05
SIGI	1.14	0.00	0.02	0.10	1.22	(1.23)	2.13	(1.82)	8.59
KMPR	1.03	0.15	0.11	0.26	1.08	(1.12)	2.28	(1.57)	5.66
ARGO-PA	0.24	0.03	(0.22)	(0.36)	0.27	(0.25)	0.60	(0.48)	1.78
NODK	1.10	0.01	(0.02)	0.12	1.39	(1.16)	2.13	(2.27)	5.60
PRA	1.66	0.13	0.11	0.17	1.74	(1.94)	3.11	(3.27)	11.78

Donegal Group Corporate Management

Sanjay Pandey	CIO and Sr. VP	Profile
Francis Haefner	VP	Profile
Jeffrey Jacobsen	VP	Profile
Christina Hoffman	Senior Officer	Profile

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