International General Correlations

IGIC Stock

USD 25.98 0.04 0.15%

The current 90-days correlation between International General and Goosehead Insurance is 0.32 (i.e., Weak diversification). The correlation of International General 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.

International General Correlation With Market

Very weak diversification

The correlation between International General Insuranc and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International General Insuranc 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 International General 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 gross domestic product.

Moving together with International Stock

0.63	AEG	Aegon NV ADR	Pair Corr
0.87	EQH	Axa Equitable Holdings	Pair Corr
0.8	SLF	Sun Life Financial	Pair Corr
0.97	GSHD	Goosehead Insurance	Pair Corr
0.71	HIG-PG	The Hartford Financial	Pair Corr
0.76	ATH-PE	Athene Holding	Pair Corr
0.76	ATH-PC	Athene Holding	Pair Corr
0.9	C	Citigroup Aggressive Push	Pair Corr
0.68	L	Loews Corp	Pair Corr
0.86	V	Visa Class A	Pair Corr
0.73	DHIL	Diamond Hill Investment	Pair Corr
0.93	DIST	Distoken Acquisition	Pair Corr
0.68	AB	AllianceBernstein	Pair Corr
0.66	AC	Associated Capital	Pair Corr
0.84	AX	Axos Financial	Pair Corr
0.83	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.82	BN	Brookfield Corp	Pair Corr
0.91	BX	Blackstone Group Normal Trading	Pair Corr
0.85	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.81	CG	Carlyle Group	Pair Corr
0.76	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr

Moving against International Stock

0.67	EQH-PC	Equitable Holdings	Pair Corr
0.46	ACGLO	Arch Capital Group	Pair Corr
0.77	ACGL	Arch Capital Group	Pair Corr
0.56	EQH-PA	Equitable Holdings	Pair Corr
0.53	EG	Everest Group	Pair Corr

Related Correlations Analysis

	ESGR	EQH	ACGL	WDH	FGF	BBSEY	GSHD	HIG	AXAHY
ESGR		0.59	-0.43	0.05	0.07	-0.38	0.44	-0.05	-0.17	ESGR
EQH	0.59		-0.74	0.4	-0.13	-0.84	0.89	0.27	-0.5	EQH
ACGL	-0.43	-0.74		-0.16	0.2	0.72	-0.81	0.22	0.27	ACGL
WDH	0.05	0.4	-0.16		0.0	-0.42	0.27	0.23	-0.6	WDH
FGF	0.07	-0.13	0.2	0.0		0.04	0.02	0.14	0.43	FGF
BBSEY	-0.38	-0.84	0.72	-0.42	0.04		-0.86	-0.24	0.41	BBSEY
GSHD	0.44	0.89	-0.81	0.27	0.02	-0.86		0.17	-0.3	GSHD
HIG	-0.05	0.27	0.22	0.23	0.14	-0.24	0.17		-0.24	HIG
AXAHY	-0.17	-0.5	0.27	-0.6	0.43	0.41	-0.3	-0.24		AXAHY
	ESGR	EQH	ACGL	WDH	FGF	BBSEY	GSHD	HIG	AXAHY

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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

GSHD	+ 0.89	EQH
BBSEY	+ 0.72	ACGL
EQH	+ 0.59	ESGR
GSHD	+ 0.44	ESGR
AXAHY	+ 0.43	FGF
AXAHY	+ 0.41	BBSEY

High negative correlations

GSHD	- 0.86	BBSEY
BBSEY	- 0.84	EQH
GSHD	- 0.81	ACGL
ACGL	- 0.74	EQH
AXAHY	- 0.6	WDH
AXAHY	- 0.5	EQH

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International General 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 International General'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
ESGR	0.28	(0.03)	(0.27)	(0.01)	0.41	(0.26)	0.68	(0.82)	2.06
EQH	1.25	0.00	0.10	0.12	1.12	(1.50)	2.71	(2.33)	17.41
ACGL	1.25	(0.18)	0.00	(0.01)	0.00	0.00	2.36	(2.74)	9.16
WDH	2.05	0.06	0.00	0.23	2.45	(2.73)	5.77	(3.70)	15.06
FGF	5.04	0.62	0.07	5.03	6.70	(5.97)	15.93	(10.34)	55.76
BBSEY	1.10	(0.23)	0.00	(0.48)	0.00	0.00	1.85	(2.44)	10.20
GSHD	1.67	0.62	0.42	1.03	0.83	(2.16)	5.06	(2.22)	14.35
HIG	0.89	0.00	0.00	0.13	1.62	(0.86)	1.94	(2.02)	9.07
AXAHY	1.06	0.09	(0.05)	(0.13)	1.46	(1.08)	2.36	(2.39)	8.33

International General Corporate Management

Walid Jabsheh	Pres Director	Profile
Mamraj Chahar	Vice Investment	Profile
Robin Sidders	Head Relations	Profile
Rawan Alsulaiman	Chief Secretary	Profile
Sufian Salman	Chief Officer	Profile
Tandy Harris	Chief Officer	Profile
Pervez Rizvi	Group Officer	Profile

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