ICC Holdings Correlations

ICCH Stock

USD 23.25 0.05 0.21%

The current 90-days correlation between ICC Holdings and Employers Holdings is 0.27 (i.e., Modest diversification). The correlation of ICC 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.

ICC Holdings Correlation With Market

Good diversification

The correlation between ICC Holdings and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ICC Holdings 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 ICC 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 main economic indicators.

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

Moving against ICC Stock

0.67	AXS-PE	AXIS Capital Holdings	Pair Corr
0.64	FNF	Fidelity National	Pair Corr
0.62	RYAN	Ryan Specialty Group	Pair Corr
0.6	NMIH	NMI Holdings Normal Trading	Pair Corr
0.59	ACT	Enact Holdings	Pair Corr
0.56	RDN	Radian Group	Pair Corr
0.55	MTG	MGIC Investment Corp	Pair Corr
0.5	ESNT	Essent Group	Pair Corr
0.48	JRVR	James River Group	Pair Corr
0.44	TRUP	Trupanion	Pair Corr
0.4	FAF	First American	Pair Corr
0.64	CB	Chubb	Pair Corr
0.49	EG	Everest Group	Pair Corr
0.45	IX	Orix Corp Ads	Pair Corr
0.44	DHIL	Diamond Hill Investment	Pair Corr
0.42	AC	Associated Capital	Pair Corr
0.33	FG	FG Annuities Life	Pair Corr

Related Correlations Analysis

	EIG	AMSF	NMIH	ITIC	JRVR	ESNT	AGO	AMBC	MTG
EIG		0.74	0.1	0.91	-0.56	-0.4	0.82	0.71	0.29	EIG
AMSF	0.74		0.24	0.69	-0.2	-0.17	0.52	0.33	0.44	AMSF
NMIH	0.1	0.24		0.17	0.45	0.78	-0.02	0.17	0.94	NMIH
ITIC	0.91	0.69	0.17		-0.65	-0.36	0.81	0.85	0.36	ITIC
JRVR	-0.56	-0.2	0.45	-0.65		0.69	-0.73	-0.6	0.28	JRVR
ESNT	-0.4	-0.17	0.78	-0.36	0.69		-0.35	-0.27	0.7	ESNT
AGO	0.82	0.52	-0.02	0.81	-0.73	-0.35		0.67	0.23	AGO
AMBC	0.71	0.33	0.17	0.85	-0.6	-0.27	0.67		0.27	AMBC
MTG	0.29	0.44	0.94	0.36	0.28	0.7	0.23	0.27		MTG
	EIG	AMSF	NMIH	ITIC	JRVR	ESNT	AGO	AMBC	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

MTG	+ 0.94	NMIH
ITIC	+ 0.91	EIG
AMBC	+ 0.85	ITIC
AGO	+ 0.82	EIG
AGO	+ 0.81	ITIC
ESNT	+ 0.78	NMIH

High negative correlations

AGO	- 0.73	JRVR
JRVR	- 0.65	ITIC
AMBC	- 0.6	JRVR
JRVR	- 0.56	EIG
ESNT	- 0.4	EIG
ESNT	- 0.36	ITIC

Risk-Adjusted Indicators

There is a big difference between ICC Stock performing well and ICC 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 ICC 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
EIG	1.04	0.08	0.06	0.12	1.22	(1.12)	1.70	(2.11)	12.08
AMSF	1.19	0.10	0.07	0.27	1.35	(1.56)	2.44	(2.15)	16.47
NMIH	1.26	(0.12)	0.00	(0.22)	0.00	0.00	2.37	(3.63)	9.75
ITIC	1.54	0.09	0.04	0.15	2.15	(1.60)	3.89	(2.54)	15.02
JRVR	2.29	(0.37)	0.00	(1.15)	0.00	0.00	3.47	(4.22)	31.98
ESNT	1.15	(0.13)	0.00	(0.30)	0.00	0.00	1.89	(2.51)	11.69
AGO	1.27	0.14	0.09	0.42	1.39	(1.41)	2.56	(2.60)	10.52
AMBC	1.60	0.05	0.02	0.18	2.52	(1.57)	3.11	(3.00)	17.94
MTG	1.12	(0.07)	0.00	(0.12)	0.00	0.00	2.12	(3.13)	7.79

ICC Holdings Corporate Executives

Elected by the shareholders, the ICC Holdings' board of directors comprises two types of representatives: ICC Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ICC. The board's role is to monitor ICC Holdings' management team and ensure that shareholders' interests are well served. ICC Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ICC Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

Michael Smith

CFO VP

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