Safety Insurance Correlations

SAFT Stock

USD 77.64 0.20 0.26%

The current 90-days correlation between Safety Insurance and Universal Insurance Holdings is 0.67 (i.e., Poor diversification). The correlation of Safety Insurance 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.

Safety Insurance Correlation With Market

Very weak diversification

The correlation between Safety Insurance Group and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Safety Insurance Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Safety Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Safety Stock

0.78	CB	Chubb	Pair Corr
0.76	FIHL	Fidelis Insurance Earnings Call This Week	Pair Corr
0.8	ACT	Enact Holdings	Pair Corr
0.69	AXS	AXIS Capital Holdings	Pair Corr
0.82	CNA	CNA Financial	Pair Corr
0.77	LRE	Lancashire Holdings Earnings Call This Week	Pair Corr
0.67	PRA	ProAssurance	Pair Corr

Moving against Safety Stock

0.39	FERA	Fifth Era Acquisition	Pair Corr
0.35	WR1	W R Berkley	Pair Corr
0.32	AII	American Integrity Earnings Call Today	Pair Corr
0.43	GOCO	GoHealth	Pair Corr
0.41	MBI	MBIA Inc Earnings Call Tomorrow	Pair Corr
0.33	FGPN	Ambac Financial Group	Pair Corr

Related Correlations Analysis

	SIGI	UVE	ROOT	ASIC	UFCS	DGICA	PEBO	NMFC	BOW	OCFC
SIGI		-0.06	-0.66	0.11	0.42	-0.21	0.78	-0.59	-0.23	0.32	SIGI
UVE	-0.06		0.39	0.53	0.35	0.67	-0.37	0.21	0.84	0.35	UVE
ROOT	-0.66	0.39		0.15	-0.4	0.78	-0.77	0.89	0.62	-0.06	ROOT
ASIC	0.11	0.53	0.15		0.23	0.26	-0.16	0.17	0.61	0.17	ASIC
UFCS	0.42	0.35	-0.4	0.23		-0.11	0.41	-0.55	0.0	0.38	UFCS
DGICA	-0.21	0.67	0.78	0.26	-0.11		-0.56	0.69	0.77	0.15	DGICA
PEBO	0.78	-0.37	-0.77	-0.16	0.41	-0.56		-0.74	-0.58	0.5	PEBO
NMFC	-0.59	0.21	0.89	0.17	-0.55	0.69	-0.74		0.55	-0.18	NMFC
BOW	-0.23	0.84	0.62	0.61	0.0	0.77	-0.58	0.55		0.17	BOW
OCFC	0.32	0.35	-0.06	0.17	0.38	0.15	0.5	-0.18	0.17		OCFC
	SIGI	UVE	ROOT	ASIC	UFCS	DGICA	PEBO	NMFC	BOW	OCFC

Please upgrade your account to get full access to Macroaxis premium features

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

NMFC	+ 0.89	ROOT
BOW	+ 0.84	UVE
PEBO	+ 0.78	SIGI
DGICA	+ 0.78	ROOT
BOW	+ 0.77	DGICA
NMFC	+ 0.69	DGICA

High negative correlations

PEBO	- 0.77	ROOT
NMFC	- 0.74	PEBO
ROOT	- 0.66	SIGI
NMFC	- 0.59	SIGI
BOW	- 0.58	PEBO
PEBO	- 0.56	DGICA

Risk-Adjusted Indicators

There is a big difference between Safety Stock performing well and Safety Insurance 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 Safety Insurance'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	1.06	0.03	(0.01)	0.15	1.08	(1.15)	2.56	(1.66)	5.80
UVE	1.64	(0.09)	0.00	(0.22)	0.00	0.00	3.43	(3.63)	9.97
ROOT	2.64	(0.59)	0.00	(0.15)	0.00	0.00	6.33	(5.77)	19.69
ASIC	2.23	0.24	0.08	0.62	2.16	(2.58)	4.40	(3.74)	17.45
UFCS	1.24	0.08	(0.02)	(0.73)	1.29	(1.44)	2.12	(2.39)	9.56
DGICA	1.20	(0.22)	0.00	(0.44)	0.00	0.00	1.71	(2.78)	7.79
PEBO	1.10	0.15	0.11	0.27	1.10	(1.36)	2.92	(1.62)	8.67
NMFC	1.07	(0.17)	0.00	(0.20)	0.00	0.00	2.64	(1.95)	8.09
BOW	1.73	(0.21)	0.00	(0.64)	0.00	0.00	2.94	(3.89)	11.58
OCFC	1.29	0.01	0.01	0.10	1.62	(1.45)	3.59	(2.21)	11.43

Safety Insurance Corporate Management

Brian Lam	Vice Operations	Profile
James CPCU	Vice Underwriting	Profile
Glenn Hiltpold	Vice Services	Profile
Mary McConnell	Vice Underwriting	Profile
Christopher Whitford	CFO VP	Profile

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

2026 Macroaxis LLC