Goosehead Insurance Correlations

GSHD Stock

USD 50.06 4.24 9.25%

The current 90-days correlation between Goosehead Insurance and Accelerant Holdings is -0.01 (i.e., Good diversification). The correlation of Goosehead 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.

Goosehead Insurance Correlation With Market

Very good diversification

The correlation between Goosehead Insurance and DJI is -0.46 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goosehead Insurance and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Goosehead Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goosehead Insurance. 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.

For information on how to trade Goosehead Stock refer to our How to Trade Goosehead Stock guide.

Moving together with Goosehead Stock

0.68	X2Y	YOLO GROUP SPA	Pair Corr
0.8	EHTH	eHealth Earnings Call Tomorrow	Pair Corr
0.82	EZRA	Reliance Global Group Symbol Change	Pair Corr
0.86	AJG	Arthur J Gallagher	Pair Corr
0.84	AON	Aon PLC	Pair Corr
0.86	ARX	Accelerant Holdings	Pair Corr
0.93	BRO	Brown Brown	Pair Corr
0.63	CCG	Cheche Group Class	Pair Corr
0.69	OSG	Octave Specialty Earnings Call This Week	Pair Corr
0.82	WTY	Willis Towers Watson	Pair Corr
0.91	BTW	Brown Brown	Pair Corr
0.8	6SJA	SELECTQUOTE INC DL	Pair Corr
0.81	SDF	Steadfast Group Earnings Call Tomorrow	Pair Corr
0.75	HIPO	Hippo Holdings	Pair Corr
0.79	MLFIR	FirstCaution SA	Pair Corr
0.68	MSN	Marsh McLennan Companies	Pair Corr
0.86	4VK	Aon PLC	Pair Corr
0.93	M5V	eHealth Earnings Call Tomorrow	Pair Corr
0.71	RYAN	Ryan Specialty Group Earnings Call This Week	Pair Corr
0.75	AIFU	Fanhua Inc	Pair Corr
0.86	GAH	Arthur J Gallagher	Pair Corr
0.84	BWIN	Baldwin Insurance Earnings Call This Week	Pair Corr
0.65	AUB	AUB Group	Pair Corr
0.76	GRAB	Grab Holdings	Pair Corr
0.84	ASST	Strive Asset Management	Pair Corr

Moving against Goosehead Stock

0.9	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.89	RRX	Regal Beloit	Pair Corr
0.52	F	Ford Motor Earnings Call This Week	Pair Corr
0.49	18M	Sabre Insurance Group	Pair Corr
0.38	VVV3	KOWORLD AG	Pair Corr
0.37	NVDA	NVIDIA Earnings Call Tomorrow	Pair Corr
0.31	AUR	Aurora Innovation Aggressive Push	Pair Corr

Related Correlations Analysis

	ARX	BHF	HCI	HG	KMPR	BOH	OAK-PB	CVBF	OAK-PA
ARX		0.5	0.76	-0.62	0.88	-0.57	-0.83	-0.58	-0.7	ARX
BHF	0.5		0.58	-0.62	0.69	-0.83	-0.71	-0.46	-0.76	BHF
HCI	0.76	0.58		-0.31	0.7	-0.61	-0.8	-0.52	-0.75	HCI
HG	-0.62	-0.62	-0.31		-0.7	0.75	0.66	0.56	0.62	HG
KMPR	0.88	0.69	0.7	-0.7		-0.7	-0.78	-0.52	-0.72	KMPR
BOH	-0.57	-0.83	-0.61	0.75	-0.7		0.76	0.74	0.75	BOH
OAK-PB	-0.83	-0.71	-0.8	0.66	-0.78	0.76		0.62	0.92	OAK-PB
CVBF	-0.58	-0.46	-0.52	0.56	-0.52	0.74	0.62		0.55	CVBF
OAK-PA	-0.7	-0.76	-0.75	0.62	-0.72	0.75	0.92	0.55		OAK-PA
	ARX	BHF	HCI	HG	KMPR	BOH	OAK-PB	CVBF	OAK-PA

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

OAK-PA	+ 0.92	OAK-PB
KMPR	+ 0.88	ARX
HCI	+ 0.76	ARX
OAK-PB	+ 0.76	BOH
BOH	+ 0.75	HG
OAK-PA	+ 0.75	BOH

High negative correlations

BOH	- 0.83	BHF
OAK-PB	- 0.83	ARX
OAK-PB	- 0.8	HCI
OAK-PB	- 0.78	KMPR
OAK-PA	- 0.76	BHF
OAK-PA	- 0.75	HCI

Risk-Adjusted Indicators

There is a big difference between Goosehead Stock performing well and Goosehead 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 Goosehead 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
ARX	2.24	(0.38)	0.00	3.30	0.00	0.00	5.15	(4.65)	14.20
BHF	0.26	(0.11)	0.00	(1.19)	0.00	0.00	0.39	(0.57)	2.84
HCI	1.49	(0.20)	0.00	(0.27)	0.00	0.00	2.88	(3.70)	9.93
HG	1.22	0.29	0.12	10.06	1.25	(1.31)	2.83	(2.34)	8.68
KMPR	1.27	(0.32)	0.00	(0.20)	0.00	0.00	2.31	(3.46)	17.08
BOH	1.20	0.21	0.16	0.28	1.10	(1.45)	2.56	(1.90)	10.27
OAK-PB	0.50	0.06	(0.04)	(3.64)	0.67	(0.58)	1.30	(0.76)	4.72
CVBF	1.28	0.01	0.01	0.10	1.53	(1.36)	3.01	(1.98)	10.05
OAK-PA	0.63	0.06	(0.03)	(0.73)	0.88	(0.63)	1.21	(1.11)	4.83

Goosehead Insurance Corporate Management

David Lakamp	Chief Officer	Profile
Patrick Langston	VP, Officer	Profile
Dan Jacobs	Vice Operations	Profile
Matt Walker	Managing Compliance	Profile

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