Selective Insurance Correlations

Selective Insurance Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Selective 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.

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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    HMN + 0.9 KMPR PRA + 0.9 HMN ARGO + 0.86 HMN ARGO + 0.85 KMPR PRA + 0.85 ARGO-PA PRA + 0.81 KMPR

High negative correlations    CNA - 0.61 ARGO-PA CNA - 0.57 DGICB CNA - 0.45 PRA CNA - 0.33 HMN CNA - 0.3 GBLI CNA - 0.23 ARGO

Risk-Adjusted Indicators

There is a big difference between Selective Stock performing well and Selective 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 Selective 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.