HCI Correlations

HCI Stock

USD 113.00 1.63 1.46%

The current 90-days correlation between HCI Group and Universal Insurance Holdings is 0.76 (i.e., Poor diversification). The correlation of HCI 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.

HCI Correlation With Market

Modest diversification

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

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HCI 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 main economic indicators.

Moving together with HCI Stock

0.73	FRFHF	Fairfax Financial	Pair Corr
0.63	HMN	Horace Mann Educators	Pair Corr
0.61	MCY	Mercury General	Pair Corr
0.74	PRA	ProAssurance	Pair Corr
0.63	THG	Hanover Insurance	Pair Corr
0.78	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.82	TKOMY	Tokio Marine Holdings	Pair Corr
0.61	SIGIP	Selective Insurance	Pair Corr
0.8	ALL-PB	Allstate	Pair Corr
0.63	ALL-PJ	Allstate	Pair Corr

Moving against HCI Stock

0.63	FACO	First Acceptance Corp	Pair Corr
0.49	CNA	CNA Financial	Pair Corr
0.72	TILCF	Till Capital	Pair Corr
0.66	HRTG	Heritage Insurance Hldgs	Pair Corr
0.49	HGTY	Hagerty	Pair Corr
0.31	KNSL	Kinsale Capital Group	Pair Corr

Related Correlations Analysis

	UVE	KINS	HMN	HRTG	UFCS	NODK	DGICA	GBLI	SIGIP
UVE		0.38	0.34	0.55	0.61	0.11	0.53	-0.02	-0.35	UVE
KINS	0.38		0.84	-0.33	0.89	0.76	0.75	0.24	-0.23	KINS
HMN	0.34	0.84		-0.45	0.79	0.74	0.76	0.29	-0.04	HMN
HRTG	0.55	-0.33	-0.45		-0.07	-0.52	-0.04	-0.34	-0.48	HRTG
UFCS	0.61	0.89	0.79	-0.07		0.66	0.74	0.18	-0.35	UFCS
NODK	0.11	0.76	0.74	-0.52	0.66		0.6	0.28	0.02	NODK
DGICA	0.53	0.75	0.76	-0.04	0.74	0.6		0.11	-0.47	DGICA
GBLI	-0.02	0.24	0.29	-0.34	0.18	0.28	0.11		0.28	GBLI
SIGIP	-0.35	-0.23	-0.04	-0.48	-0.35	0.02	-0.47	0.28		SIGIP
	UVE	KINS	HMN	HRTG	UFCS	NODK	DGICA	GBLI	SIGIP

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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

UFCS	+ 0.89	KINS
HMN	+ 0.84	KINS
UFCS	+ 0.79	HMN
NODK	+ 0.76	KINS
DGICA	+ 0.76	HMN
DGICA	+ 0.75	KINS

High negative correlations

NODK	- 0.52	HRTG
SIGIP	- 0.48	HRTG
SIGIP	- 0.47	DGICA
HRTG	- 0.45	HMN
SIGIP	- 0.35	UFCS
SIGIP	- 0.35	UVE

Risk-Adjusted Indicators

There is a big difference between HCI Stock performing well and HCI 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 HCI'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
UVE	1.98	0.03	0.02	0.14	3.98	(1.99)	4.41	(3.82)	22.93
KINS	2.99	0.89	0.24	1.53	2.58	(3.34)	8.76	(4.14)	20.30
HMN	1.31	0.17	0.12	0.25	1.34	(1.45)	2.13	(2.23)	11.51
HRTG	3.41	(0.28)	0.00	(0.10)	0.00	0.00	5.79	(4.74)	29.17
UFCS	1.87	0.27	0.33	0.20	1.08	(2.32)	4.68	(2.48)	28.06
NODK	1.06	0.08	0.02	0.25	1.23	(1.16)	2.13	(2.04)	5.60
DGICA	1.13	0.09	0.02	0.29	1.63	(1.20)	2.51	(1.90)	12.60
GBLI	0.93	0.12	0.03	0.48	0.98	(1.28)	2.91	(1.97)	7.14
SIGIP	0.59	(0.01)	(0.16)	(0.11)	0.74	(0.70)	1.17	(1.29)	3.35

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