RLI Corp Correlations

Stocks . USA . 
Stock . RLI Corp
RLI Stock  USD 178.03  2.02  1.15%   
The current 90-days correlation between RLI Corp and Horace Mann Educators is 0.56 (i.e., Very weak diversification). The correlation of RLI Corp 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.

RLI Corp Correlation With Market

Poor diversification

The correlation between RLI Corp and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RLI Corp and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RLI Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more detail on how to invest in RLI Stock please use our How to Invest in RLI Corp guide.

Moving together with RLI Stock

  0.76L Loews CorpPairCorr
  0.62FRFHF Fairfax FinancialPairCorr
  0.76AFG American FinancialPairCorr
  0.89AIZ AssurantPairCorr
  0.79ALL AllstatePairCorr
  0.78BOW Bowhead SpecialtyPairCorr
  0.62HCI HCI GroupPairCorr
  0.91HMN Horace Mann EducatorsPairCorr
  0.9MCY Mercury GeneralPairCorr
  0.88MKL MarkelPairCorr
  0.93ORI Old Republic Interna Fiscal Year End 23rd of January 2025 PairCorr
  0.9PRA ProAssurancePairCorr
  0.92THG Hanover InsurancePairCorr
  0.78TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.75WRB W R Berkley Normal TradingPairCorr
  0.81WTM White Mountains InsurancePairCorr
  0.8KINS Kingstone Companies TrendingPairCorr
  0.91KMPR KemperPairCorr
  0.86LMND Lemonade TrendingPairCorr
  0.68ALL-PB AllstatePairCorr
  0.64PLMR Palomar Holdings Normal TradingPairCorr
  0.82ROOT Root Inc TrendingPairCorr

Moving against RLI Stock

  0.4FACO First Acceptance CorpPairCorr
  0.54ALL-PI AllstatePairCorr
  0.47HRTG Heritage Insurance Hldgs Normal TradingPairCorr
  0.4ALL-PH AllstatePairCorr
  0.68WRB-PG WR BerkleyPairCorr
  0.4WRB-PH WR BerkleyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
KMPR
+ 0.89
HMN
SIGI
+ 0.83
HMN
ARGO-PA
+ 0.81
HMN
DGICB
+ 0.8
HMN
SIGI
+ 0.76
KMPR
DGICB
+ 0.74
ARGO-PA
  
High negative correlations   
STC
- 0.34
ARGO-PA
STC
- 0.15
GBLI
STC
- 0.11
DGICB
STC
- 0.06
HMN
STC
- 0.0
SIGI

Risk-Adjusted Indicators

There is a big difference between RLI Stock performing well and RLI Corp 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 RLI Corp'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY