Selective Insurance Correlations

SIGI Stock

USD 84.45 1.03 1.20%

The current 90-days correlation between Selective Insurance and Cincinnati Financial is 0.63 (i.e., Poor diversification). The correlation of Selective 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.

Selective Insurance Correlation With Market

Modest diversification

The correlation between Selective Insurance Group and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Selective Insurance Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Selective Stock

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.

Moving together with Selective Stock

0.7	FIHL	Fidelis Insurance	Pair Corr
0.65	AIZ	Assurant	Pair Corr
0.63	AXS	AXIS Capital Holdings	Pair Corr
0.8	CNA	CNA Financial	Pair Corr
0.68	ORI	Old Republic Interna	Pair Corr
0.65	PGR	Progressive Corp	Pair Corr
0.66	IGIC	International General	Pair Corr
0.69	DFY	Definity Financial Corp	Pair Corr
0.62	ACIC	American Coastal Ins	Pair Corr
0.7	SKWD	Skyward Specialty	Pair Corr
0.79	FFH	Fairfax Financial	Pair Corr

Moving against Selective Stock

0.4

NDEKY

Nitto Denko Corp

Pair Corr

Related Correlations Analysis

	PGR	CB	CINF	WRB	ALL	MKL	RLI	WTM	WRB-PE
PGR		0.38	0.49	0.17	0.72	0.29	0.69	0.33	-0.08	PGR
CB	0.38		0.79	-0.43	0.7	0.94	0.66	0.85	-0.64	CB
CINF	0.49	0.79		-0.03	0.86	0.84	0.74	0.63	-0.63	CINF
WRB	0.17	-0.43	-0.03		0.15	-0.42	0.04	-0.62	0.31	WRB
ALL	0.72	0.7	0.86	0.15		0.7	0.72	0.51	-0.54	ALL
MKL	0.29	0.94	0.84	-0.42	0.7		0.61	0.82	-0.74	MKL
RLI	0.69	0.66	0.74	0.04	0.72	0.61		0.48	-0.51	RLI
WTM	0.33	0.85	0.63	-0.62	0.51	0.82	0.48		-0.53	WTM
WRB-PE	-0.08	-0.64	-0.63	0.31	-0.54	-0.74	-0.51	-0.53		WRB-PE
	PGR	CB	CINF	WRB	ALL	MKL	RLI	WTM	WRB-PE

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

MKL	+ 0.94	CB
ALL	+ 0.86	CINF
WTM	+ 0.85	CB
MKL	+ 0.84	CINF
WTM	+ 0.82	MKL
CINF	+ 0.79	CB

High negative correlations

WRB-PE	- 0.74	MKL
WRB-PE	- 0.64	CB
WRB-PE	- 0.63	CINF
WTM	- 0.62	WRB
WRB-PE	- 0.54	ALL
WRB-PE	- 0.53	WTM

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PGR	1.09	(0.11)	0.00	(0.71)	0.00	0.00	1.94	(2.10)	7.52
CB	0.85	0.08	0.01	0.79	1.02	(0.89)	2.32	(1.98)	5.06
CINF	0.87	(0.06)	0.00	(0.05)	0.00	0.00	1.67	(1.68)	4.97
WRB	1.08	(0.20)	0.00	(0.42)	0.00	0.00	2.07	(3.52)	9.24
ALL	0.94	(0.02)	(0.06)	0.02	1.33	(0.96)	2.10	(2.08)	6.24
MKL	0.84	0.09	0.04	0.35	0.82	(0.94)	1.86	(1.49)	7.25
RLI	1.10	(0.11)	0.00	(11.61)	0.00	0.00	2.38	(2.87)	6.59
WTM	0.86	0.06	0.02	0.20	0.87	(0.94)	1.88	(1.63)	8.03
WRB-PE	0.42	(0.06)	0.00	(0.10)	0.00	0.00	0.68	(0.89)	2.16

Selective Insurance Corporate Management

John Bresney	Executive Officer	Profile
Brad Wilson	Senior Treasurer	Profile
Joseph CFA	Executive Officer	Profile
Brenda Hall	Executive Lines	Profile
Rohit Mull	Chief VP	Profile
Sarita Chakravarthi	Senior Treasurer	Profile

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