Safety Insurance Correlations

SAFT Stock

USD 76.07 0.74 0.96%

The current 90-days correlation between Safety Insurance and Universal Insurance Holdings is 0.69 (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

Weak diversification

The correlation between Safety Insurance Group and DJI is 0.31 (i.e., 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

0.79	FIHL	Fidelis Insurance	Pair Corr
0.86	ACT	Enact Holdings Earnings Call This Week	Pair Corr
0.63	THG	Hanover Insurance Earnings Call This Week	Pair Corr
0.67	WTM	White Mountains Insurance	Pair Corr
0.73	HRTG	Heritage Insurance Hldgs	Pair Corr
0.85	IGIC	International General	Pair Corr
0.73	SIGI	Selective Insurance	Pair Corr
0.63	SKWD	Skyward Specialty	Pair Corr
0.61	LNDNF	Lundin Energy AB	Pair Corr
0.61	IMBBY	Imperial Brands PLC	Pair Corr

Moving against Safety Stock

0.34	BKLRF	Berkeley Energy	Pair Corr
0.43	744448CX7	XEL 45 01	Pair Corr
0.41	AFFL	Affiliated Resources Corp	Pair Corr

Related Correlations Analysis

	SIGI	UVE	ROOT	ASIC	UFCS	DGICA	PEBO	NMFC	BOW	OCFC
SIGI		0.14	-0.31	0.61	0.58	0.53	0.55	0.02	0.46	0.26	SIGI
UVE	0.14		0.46	0.47	0.47	0.65	-0.37	-0.02	0.8	0.27	UVE
ROOT	-0.31	0.46		-0.12	-0.02	0.24	-0.44	0.55	0.09	0.15	ROOT
ASIC	0.61	0.47	-0.12		0.25	0.54	0.19	0.09	0.67	0.45	ASIC
UFCS	0.58	0.47	-0.02	0.25		0.76	0.37	-0.25	0.71	0.27	UFCS
DGICA	0.53	0.65	0.24	0.54	0.76		0.2	0.09	0.78	0.48	DGICA
PEBO	0.55	-0.37	-0.44	0.19	0.37	0.2		-0.03	0.06	0.5	PEBO
NMFC	0.02	-0.02	0.55	0.09	-0.25	0.09	-0.03		-0.11	0.28	NMFC
BOW	0.46	0.8	0.09	0.67	0.71	0.78	0.06	-0.11		0.44	BOW
OCFC	0.26	0.27	0.15	0.45	0.27	0.48	0.5	0.28	0.44		OCFC
	SIGI	UVE	ROOT	ASIC	UFCS	DGICA	PEBO	NMFC	BOW	OCFC

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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

BOW	+ 0.8	UVE
BOW	+ 0.78	DGICA
DGICA	+ 0.76	UFCS
BOW	+ 0.71	UFCS
BOW	+ 0.67	ASIC
DGICA	+ 0.65	UVE

High negative correlations

PEBO	- 0.44	ROOT
PEBO	- 0.37	UVE
ROOT	- 0.31	SIGI
NMFC	- 0.25	UFCS
ASIC	- 0.12	ROOT
BOW	- 0.11	NMFC

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	1.10	(0.03)	(0.05)	(0.01)	1.51	(1.07)	1.95	(1.75)	5.68
UVE	1.54	(0.10)	0.00	(2.40)	0.00	0.00	3.43	(3.08)	10.03
ROOT	2.87	(0.28)	0.00	(0.05)	0.00	0.00	6.33	(6.51)	21.60
ASIC	1.70	(0.16)	0.00	(1.17)	0.00	0.00	3.10	(3.76)	9.21
UFCS	1.35	0.21	0.16	0.37	1.02	(1.79)	2.14	(1.90)	17.21
DGICA	1.13	(0.04)	0.00	(0.08)	0.00	0.00	1.99	(2.52)	5.10
PEBO	1.04	0.14	0.11	0.23	0.99	(1.22)	2.92	(1.85)	7.86
NMFC	0.88	(0.15)	0.00	(0.19)	0.00	0.00	1.32	(1.72)	7.07
BOW	1.84	0.05	(0.01)	(0.47)	2.70	(1.76)	3.56	(3.89)	12.02
OCFC	1.38	(0.11)	0.00	(0.02)	0.00	0.00	3.55	(2.24)	11.35

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

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