Root Correlations

ROOT Stock

USD 69.84 1.43 2.09%

The current 90-days correlation between Root Inc and Safety Insurance Group is -0.12 (i.e., Good diversification). The correlation of Root 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.

Root Correlation With Market

Significant diversification

The correlation between Root Inc and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Root Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Root Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Root Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving against Root Stock

0.56	EIG	Employers Holdings	Pair Corr
0.52	TSU	Trisura Group	Pair Corr
0.47	601319	Peoples Insurance	Pair Corr
0.43	CNA	CNA Financial	Pair Corr
0.39	AIZ	Assurant	Pair Corr
0.32	ACT	Enact Holdings	Pair Corr
0.42	ORI	Old Republic Interna Earnings Call Today	Pair Corr
0.42	WTM	White Mountains Insurance	Pair Corr
0.41	WDH	Waterdrop ADR	Pair Corr
0.32	LRE	Lancashire Holdings	Pair Corr
0.44	HSX	Hiscox	Pair Corr
0.37	KINS	Kingstone Companies	Pair Corr
0.37	MLCI	Mount Logan Capital	Pair Corr
0.35	IGIC	International General	Pair Corr

Related Correlations Analysis

	SAFT	SIGI	ASIC	PRA	OBK	UVE	BOW	HRZN	MFIC	CSWC
SAFT		0.64	0.46	0.33	0.73	0.6	0.75	0.62	-0.17	0.62	SAFT
SIGI	0.64		0.56	0.57	0.68	0.03	0.43	0.17	-0.38	0.66	SIGI
ASIC	0.46	0.56		0.27	0.37	0.45	0.63	0.01	0.04	0.21	ASIC
PRA	0.33	0.57	0.27		0.49	-0.1	0.13	0.03	-0.08	0.48	PRA
OBK	0.73	0.68	0.37	0.49		0.09	0.25	0.7	0.06	0.92	OBK
UVE	0.6	0.03	0.45	-0.1	0.09		0.77	0.32	0.04	-0.11	UVE
BOW	0.75	0.43	0.63	0.13	0.25	0.77		0.21	-0.12	0.11	BOW
HRZN	0.62	0.17	0.01	0.03	0.7	0.32	0.21		0.09	0.66	HRZN
MFIC	-0.17	-0.38	0.04	-0.08	0.06	0.04	-0.12	0.09		-0.06	MFIC
CSWC	0.62	0.66	0.21	0.48	0.92	-0.11	0.11	0.66	-0.06		CSWC
	SAFT	SIGI	ASIC	PRA	OBK	UVE	BOW	HRZN	MFIC	CSWC

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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

CSWC	+ 0.92	OBK
BOW	+ 0.77	UVE
BOW	+ 0.75	SAFT
OBK	+ 0.73	SAFT
HRZN	+ 0.7	OBK
OBK	+ 0.68	SIGI

High negative correlations

MFIC	- 0.38	SIGI
MFIC	- 0.17	SAFT
MFIC	- 0.12	BOW
CSWC	- 0.11	UVE
UVE	- 0.1	PRA
MFIC	- 0.08	PRA

Risk-Adjusted Indicators

There is a big difference between Root Stock performing well and Root 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 Root'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
SAFT	1.01	0.16	0.07	1.22	1.09	(1.11)	2.22	(2.07)	6.16
SIGI	1.10	0.00	(0.03)	0.10	1.52	(1.07)	1.95	(1.75)	8.71
ASIC	1.68	0.01	(0.02)	0.11	2.14	(1.70)	3.97	(3.44)	8.91
PRA	0.17	0.00	(0.36)	0.01	0.20	(0.20)	0.38	(0.41)	1.04
OBK	1.10	0.30	0.23	0.38	0.88	(1.34)	2.92	(1.83)	6.80
UVE	1.62	0.08	0.01	0.33	1.93	(1.78)	3.79	(3.08)	18.12
BOW	1.78	0.02	(0.03)	(1.38)	2.53	(1.76)	3.56	(3.89)	12.02
HRZN	1.06	0.27	0.21	0.67	0.72	(1.29)	2.53	(1.59)	11.64
MFIC	0.98	(0.02)	(0.02)	0.06	1.41	(0.99)	2.18	(1.47)	6.99
CSWC	0.86	0.16	0.12	0.28	0.90	(0.91)	2.20	(2.02)	6.18

Root Corporate Management

Tom Kuhn	Director Communications	Profile
Jason Shapiro	Senior Development	Profile
Michele Streitmatter	Chief Officer	Profile
Jonathan Allison	Chairman Counsel	Profile
Robert Bateman	Chief Officer	Profile
Daniel Manges	CoFounder Advisor	Profile

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