Employers Holdings Correlations

EIG Stock

USD 53.25 0.46 0.87%

The current 90-days correlation between Employers Holdings and AMERISAFE is 0.63 (i.e., Poor diversification). The correlation of Employers Holdings 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.

Employers Holdings Correlation With Market

Very weak diversification

The correlation between Employers Holdings and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Employers Holdings 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 Employers Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

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

Moving together with Employers Stock

0.88	AGO	Assured Guaranty	Pair Corr
0.88	AXS	AXIS Capital Holdings	Pair Corr
0.82	MBI	MBIA Inc	Pair Corr
0.89	HIPO	Hippo Holdings	Pair Corr
0.92	ITIC	Investors Title	Pair Corr
0.63	RYAN	Ryan Specialty Group	Pair Corr
0.72	AMBC	Ambac Financial Group	Pair Corr
0.88	AMSF	AMERISAFE	Pair Corr
0.93	TIPT	Tiptree	Pair Corr
0.89	C	Citigroup Aggressive Push	Pair Corr
0.82	L	Loews Corp	Pair Corr
0.89	V	Visa Class A	Pair Corr
0.86	DHIL	Diamond Hill Investment	Pair Corr
0.88	DIST	Distoken Acquisition	Pair Corr
0.92	AX	Axos Financial	Pair Corr
0.72	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.76	BN	Brookfield Corp	Pair Corr
0.8	BX	Blackstone Group Normal Trading	Pair Corr
0.91	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.69	CG	Carlyle Group	Pair Corr
0.63	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr

Moving against Employers Stock

0.72	ESNT	Essent Group	Pair Corr
0.67	JRVR	James River Group	Pair Corr
0.58	NMIH	NMI Holdings	Pair Corr
0.46	ACT	Enact Holdings	Pair Corr
0.39	PPHI	Positive Physicians	Pair Corr
0.58	PT	Pintec Technology	Pair Corr
0.48	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	ICCH	AMSF	NMIH	ITIC	JRVR	ESNT	AMBC	AGO	MTG
ICCH		0.66	-0.53	0.48	-0.41	-0.53	0.31	0.59	-0.11	ICCH
AMSF	0.66		-0.81	0.87	-0.61	-0.86	0.67	0.87	-0.28	AMSF
NMIH	-0.53	-0.81		-0.6	0.5	0.94	-0.38	-0.56	0.71	NMIH
ITIC	0.48	0.87	-0.6		-0.81	-0.72	0.81	0.91	-0.08	ITIC
JRVR	-0.41	-0.61	0.5	-0.81		0.63	-0.53	-0.68	0.19	JRVR
ESNT	-0.53	-0.86	0.94	-0.72	0.63		-0.43	-0.65	0.67	ESNT
AMBC	0.31	0.67	-0.38	0.81	-0.53	-0.43		0.8	0.16	AMBC
AGO	0.59	0.87	-0.56	0.91	-0.68	-0.65	0.8		0.07	AGO
MTG	-0.11	-0.28	0.71	-0.08	0.19	0.67	0.16	0.07		MTG
	ICCH	AMSF	NMIH	ITIC	JRVR	ESNT	AMBC	AGO	MTG

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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

ESNT	+ 0.94	NMIH
AGO	+ 0.91	ITIC
ITIC	+ 0.87	AMSF
AGO	+ 0.87	AMSF
AMBC	+ 0.81	ITIC
AGO	+ 0.8	AMBC

High negative correlations

ESNT	- 0.86	AMSF
JRVR	- 0.81	ITIC
NMIH	- 0.81	AMSF
ESNT	- 0.72	ITIC
AGO	- 0.68	JRVR
AGO	- 0.65	ESNT

Risk-Adjusted Indicators

There is a big difference between Employers Stock performing well and Employers Holdings 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 Employers Holdings' 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
ICCH	0.27	0.02	(0.20)	(0.33)	0.34	(0.34)	0.74	(0.56)	3.36
AMSF	1.10	0.18	0.15	0.29	0.87	(1.31)	2.32	(2.12)	12.74
NMIH	1.10	(0.09)	(0.06)	0.01	1.73	(1.06)	2.37	(2.55)	9.75
ITIC	1.47	0.22	0.18	0.26	1.35	(1.71)	3.89	(2.34)	12.40
JRVR	2.36	(0.98)	0.00	(0.25)	0.00	0.00	3.47	(5.22)	31.93
ESNT	1.12	(0.22)	0.00	(0.12)	0.00	0.00	1.88	(2.14)	13.14
AMBC	1.35	0.05	0.03	0.17	1.76	(1.42)	3.27	(2.90)	16.30
AGO	1.26	0.14	0.12	0.24	1.14	(1.46)	2.89	(2.50)	9.67
MTG	1.08	(0.03)	(0.02)	0.09	1.66	(0.99)	2.12	(2.36)	8.56

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