Safety Insurance Correlations

SAFT Stock

USD 74.96 0.56 0.74%

The current 90-days correlation between Safety Insurance and Universal Insurance Holdings is 0.42 (i.e., Very weak 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

Significant diversification

The correlation between Safety Insurance Group and DJI is 0.08 (i.e., Significant 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 census.

Moving together with Safety Stock

0.91	CB	Chubb	Pair Corr
0.87	AIZ	Assurant	Pair Corr
0.68	CNA	CNA Financial	Pair Corr
0.78	THG	Hanover Insurance	Pair Corr
0.87	TRV	The Travelers Companies	Pair Corr
0.84	HGTY	Hagerty	Pair Corr
0.61	MLCI	Mount Logan Capital	Pair Corr
0.84	DFY	Definity Financial Corp	Pair Corr
0.94	SPNT	Siriuspoint	Pair Corr
0.68	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.69	ACN	Accenture plc	Pair Corr
0.84	VLKAF	Volkswagen AG	Pair Corr
0.86	VWAGY	Volkswagen AG 110	Pair Corr
0.73	VLKPF	Volkswagen AG VZO	Pair Corr
0.65	BROS	Dutch Bros	Pair Corr
0.68	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.83	LCDX	Caliber Imaging Diag	Pair Corr
0.8	PLTK	Playtika Holding Corp	Pair Corr
0.67	MEOAF	Melbana Energy	Pair Corr
0.69	DB	Deutsche Bank AG	Pair Corr
0.83	ADAMI	New York Mortgage Symbol Change	Pair Corr

Moving against Safety Stock

0.89	GOCO	GoHealth	Pair Corr
0.88	JD	JD Inc Adr	Pair Corr
0.72	SBRE	Sabre Insurance Group	Pair Corr
0.68	KNSL	Kinsale Capital Group	Pair Corr
0.58	QBE	QBE Insurance Group	Pair Corr
0.51	HCI	HCI Group	Pair Corr
0.37	HNHPF	Hon Hai Precision	Pair Corr
0.46	694308HY6	US694308HY69	Pair Corr

Related Correlations Analysis

	SIGI	UVE	ROOT	ASIC	UFCS	DGICA	PEBO	NMFC	BOW	OCFC
SIGI		-0.02	-0.18	0.4	0.18	0.46	0.53	-0.31	0.58	0.28	SIGI
UVE	-0.02		-0.28	0.56	0.85	0.66	0.42	0.16	0.69	0.43	UVE
ROOT	-0.18	-0.28		-0.54	-0.27	-0.2	-0.11	0.28	-0.35	-0.12	ROOT
ASIC	0.4	0.56	-0.54		0.5	0.55	0.59	0.22	0.6	0.58	ASIC
UFCS	0.18	0.85	-0.27	0.5		0.85	0.59	0.12	0.81	0.49	UFCS
DGICA	0.46	0.66	-0.2	0.55	0.85		0.77	0.05	0.85	0.67	DGICA
PEBO	0.53	0.42	-0.11	0.59	0.59	0.77		0.33	0.62	0.82	PEBO
NMFC	-0.31	0.16	0.28	0.22	0.12	0.05	0.33		-0.16	0.41	NMFC
BOW	0.58	0.69	-0.35	0.6	0.81	0.85	0.62	-0.16		0.43	BOW
OCFC	0.28	0.43	-0.12	0.58	0.49	0.67	0.82	0.41	0.43		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

UFCS	+ 0.85	UVE
DGICA	+ 0.85	UFCS
BOW	+ 0.85	DGICA
OCFC	+ 0.82	PEBO
BOW	+ 0.81	UFCS
PEBO	+ 0.77	DGICA

High negative correlations

ASIC	- 0.54	ROOT
BOW	- 0.35	ROOT
NMFC	- 0.31	SIGI
ROOT	- 0.28	UVE
UFCS	- 0.27	ROOT
DGICA	- 0.2	ROOT

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	1.12	0.03	0.00	0.12	1.59	(1.03)	2.19	(1.86)	8.71
UVE	1.71	0.26	0.12	0.41	1.65	(1.95)	3.85	(2.24)	18.12
ROOT	3.00	(0.44)	0.00	(0.10)	0.00	0.00	6.49	(6.51)	21.56
ASIC	2.00	0.19	0.05	0.59	2.46	(2.01)	4.17	(3.76)	12.33
UFCS	1.30	0.25	0.20	0.37	0.97	(1.70)	2.64	(2.09)	17.21
DGICA	0.97	0.01	(0.04)	0.11	1.16	(1.00)	1.99	(1.86)	5.91
PEBO	1.15	(0.01)	0.00	0.06	1.53	(1.23)	2.92	(2.20)	7.20
NMFC	0.93	(0.04)	(0.04)	0.03	1.25	(0.94)	1.66	(2.63)	7.02
BOW	1.87	0.16	0.05	0.50	2.31	(2.02)	3.94	(3.89)	12.50
OCFC	1.52	(0.04)	(0.01)	0.05	2.30	(1.50)	3.73	(4.07)	12.81

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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