Mercury General Correlations

MCY Stock

USD 77.27 0.81 1.06%

The current 90-days correlation between Mercury General and Selective Insurance Group is 0.58 (i.e., Very weak diversification). The correlation of Mercury 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Mercury General Correlation With Market

Very weak diversification

The correlation between Mercury General and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mercury General and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercury General. 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 information on how to buy Mercury Stock please use our How to Invest in Mercury General guide.

Moving together with Mercury Stock

0.77	L	Loews Corp	Pair Corr
0.66	FRFHF	Fairfax Financial	Pair Corr
0.8	AIZ	Assurant	Pair Corr
0.69	ALL	Allstate	Pair Corr
0.76	BOW	Bowhead Specialty	Pair Corr
0.61	HCI	HCI Group	Pair Corr
0.94	HMN	Horace Mann Educators	Pair Corr
0.81	MKL	Markel	Pair Corr
0.81	ORI	Old Republic Interna Fiscal Year End 23rd of January 2025	Pair Corr
0.92	PRA	ProAssurance	Pair Corr
0.91	RLI	RLI Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.82	THG	Hanover Insurance	Pair Corr
0.73	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.72	WRB	W R Berkley Fiscal Year End 22nd of January 2025	Pair Corr
0.88	WTM	White Mountains Insurance	Pair Corr
0.64	TKOMY	Tokio Marine Holdings	Pair Corr
0.84	KINS	Kingstone Companies Trending	Pair Corr
0.91	KMPR	Kemper	Pair Corr
0.8	LMND	Lemonade Trending	Pair Corr
0.78	NODK	NI Holdings	Pair Corr
0.66	ALL-PB	Allstate	Pair Corr

Moving against Mercury Stock

0.44	FACO	First Acceptance Corp	Pair Corr
0.73	ALL-PI	Allstate	Pair Corr
0.6	ALL-PH	Allstate	Pair Corr
0.52	HRTG	Heritage Insurance Hldgs Normal Trading	Pair Corr
0.36	TILCF	Till Capital	Pair Corr
0.77	WRB-PG	WR Berkley	Pair Corr
0.52	WRB-PH	WR Berkley	Pair Corr

Related Correlations Analysis

	SIGI	KMPR	DGICB	ARGO-PA	GBLI	HMN	RLI	ARGO	PRA	STC
SIGI		0.76	0.67	0.72	0.33	0.83	0.9	0.67	0.9	0.02	SIGI
KMPR	0.76		0.66	0.68	0.24	0.9	0.94	0.85	0.81	0.15	KMPR
DGICB	0.67	0.66		0.74	0.28	0.81	0.76	0.71	0.73	-0.09	DGICB
ARGO-PA	0.72	0.68	0.74		0.32	0.81	0.79	0.72	0.85	-0.3	ARGO-PA
GBLI	0.33	0.24	0.28	0.32		0.29	0.3	0.24	0.38	-0.14	GBLI
HMN	0.83	0.9	0.81	0.81	0.29		0.92	0.86	0.9	-0.01	HMN
RLI	0.9	0.94	0.76	0.79	0.3	0.92		0.81	0.9	0.07	RLI
ARGO	0.67	0.85	0.71	0.72	0.24	0.86	0.81		0.73	-0.26	ARGO
PRA	0.9	0.81	0.73	0.85	0.38	0.9	0.9	0.73		-0.11	PRA
STC	0.02	0.15	-0.09	-0.3	-0.14	-0.01	0.07	-0.26	-0.11		STC
	SIGI	KMPR	DGICB	ARGO-PA	GBLI	HMN	RLI	ARGO	PRA	STC

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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

RLI	+ 0.94	KMPR
RLI	+ 0.92	HMN
RLI	+ 0.9	SIGI
PRA	+ 0.9	SIGI
HMN	+ 0.9	KMPR
PRA	+ 0.9	HMN

High negative correlations

STC	- 0.3	ARGO-PA
STC	- 0.26	ARGO
STC	- 0.14	GBLI
STC	- 0.11	PRA
STC	- 0.09	DGICB
STC	- 0.01	HMN

Risk-Adjusted Indicators

There is a big difference between Mercury Stock performing well and Mercury 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 Mercury 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
SIGI	1.16	(0.01)	0.02	0.11	1.22	(1.27)	2.13	(1.82)	8.59
KMPR	1.05	0.12	0.08	0.25	1.07	(1.14)	2.28	(1.57)	5.66
DGICB	2.24	0.38	0.08	58.97	2.39	(3.35)	7.61	(4.52)	14.48
ARGO-PA	0.23	0.03	(0.27)	(0.40)	0.27	(0.25)	0.60	(0.48)	1.78
GBLI	0.93	0.12	0.03	0.48	0.98	(1.28)	2.91	(1.97)	7.14
HMN	1.31	0.17	0.12	0.25	1.34	(1.45)	2.13	(2.23)	11.51
RLI	0.85	0.14	0.10	0.25	1.15	(0.93)	1.76	(1.82)	7.01
ARGO	0.08	0.01	(1.07)	(0.31)	0.00	(0.10)	0.14	(0.17)	0.65
PRA	1.66	0.10	0.10	0.17	1.74	(1.95)	3.11	(3.27)	11.78
STC	1.32	(0.03)	(0.01)	0.09	1.41	(1.56)	3.35	(2.66)	10.03

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