Selective Insurance Correlations

SIGIP Preferred Stock

USD 16.72 0.09 0.54%

The current 90-days correlation between Selective Insurance and CullenFrost Bankers is 0.04 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Selective Insurance Correlation With Market

Good diversification

The correlation between Selective Insurance Group and DJI is -0.08 (i.e., Good 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.

The ability to find closely correlated positions to Selective Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Selective Insurance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Selective Insurance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Selective Insurance Group to buy it.

Moving together with Selective Preferred Stock

0.83	TKOMY	Tokio Marine Holdings	Pair Corr
0.7	TKOMF	Tokio Marine Holdings	Pair Corr
0.93	ALL-PH	Allstate	Pair Corr
0.78	VFSWW	VinFast Auto	Pair Corr

Moving against Selective Preferred Stock

0.78	MKL	Markel	Pair Corr
0.76	SHG	Shinhan Financial	Pair Corr
0.72	PINXY	Peoples Insurance	Pair Corr
0.69	CB	Chubb	Pair Corr
0.67	EC	Ecopetrol SA ADR	Pair Corr
0.63	KB	KB Financial Group	Pair Corr
0.55	TRV	The Travelers Companies	Pair Corr
0.46	VFS	VinFast Auto	Pair Corr
0.37	PINXF	Peoples Insurance	Pair Corr
0.89	DNGFF	Dongfang ElectricLimited	Pair Corr
0.89	NAUT	Nautilus Biotechnology	Pair Corr
0.87	TGS	Transportadora de Gas	Pair Corr
0.82	TLK	Telkom Indonesia Tbk	Pair Corr
0.77	FTI	TechnipFMC PLC	Pair Corr
0.67	HIRU	Hiru	Pair Corr
0.63	GDYN	Grid Dynamics Holdings	Pair Corr
0.62	FBKIF	First International Bank	Pair Corr
0.61	SPGI	SP Global	Pair Corr
0.51	NGENF	NervGen Pharma Corp Upward Rally	Pair Corr
0.44	TORO	Toro	Pair Corr
0.39	BHC	Bausch Health Companies	Pair Corr
0.85	TXMD	TherapeuticsMD	Pair Corr
0.84	SSAAF	SSAB AB	Pair Corr
0.84	DGWR	Critic Clothing	Pair Corr
0.8	LMND	Lemonade	Pair Corr

Related Correlations Analysis

	SAFT	ROOT	HRTG	PRA	CFR	TRIN	ASIC	OCFC	UFCS	JCAP
SAFT		-0.3	0.89	0.28	0.47	-0.01	0.58	0.67	0.94	0.93	SAFT
ROOT	-0.3		-0.21	-0.14	0.11	0.32	-0.37	-0.29	-0.4	-0.49	ROOT
HRTG	0.89	-0.21		0.17	0.35	-0.15	0.4	0.47	0.91	0.81	HRTG
PRA	0.28	-0.14	0.17		0.37	0.19	0.33	0.38	0.15	0.24	PRA
CFR	0.47	0.11	0.35	0.37		0.56	0.5	0.69	0.25	0.36	CFR
TRIN	-0.01	0.32	-0.15	0.19	0.56		0.42	0.28	-0.23	-0.04	TRIN
ASIC	0.58	-0.37	0.4	0.33	0.5	0.42		0.62	0.44	0.64	ASIC
OCFC	0.67	-0.29	0.47	0.38	0.69	0.28	0.62		0.56	0.69	OCFC
UFCS	0.94	-0.4	0.91	0.15	0.25	-0.23	0.44	0.56		0.91	UFCS
JCAP	0.93	-0.49	0.81	0.24	0.36	-0.04	0.64	0.69	0.91		JCAP
	SAFT	ROOT	HRTG	PRA	CFR	TRIN	ASIC	OCFC	UFCS	JCAP

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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	+ 0.94	SAFT
JCAP	+ 0.93	SAFT
UFCS	+ 0.91	HRTG
JCAP	+ 0.91	UFCS
HRTG	+ 0.89	SAFT
JCAP	+ 0.81	HRTG

High negative correlations

JCAP	- 0.49	ROOT
UFCS	- 0.4	ROOT
ASIC	- 0.37	ROOT
ROOT	- 0.3	SAFT
OCFC	- 0.29	ROOT
UFCS	- 0.23	TRIN

Risk-Adjusted Indicators

There is a big difference between Selective Preferred 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
SAFT	0.91	0.16	0.10	0.89	0.87	(1.08)	2.22	(1.64)	5.29
ROOT	3.01	(0.44)	0.00	(0.10)	0.00	0.00	6.49	(6.51)	21.56
HRTG	2.72	0.27	0.07	0.52	3.48	(2.88)	5.69	(5.61)	21.77
PRA	0.18	(0.01)	(0.23)	0.00	0.21	(0.20)	0.38	(0.41)	1.33
CFR	0.97	(0.06)	(0.04)	0.00	1.43	(0.99)	2.61	(1.63)	7.78
TRIN	0.98	(0.09)	0.00	(0.09)	0.00	0.00	1.56	(2.06)	7.77
ASIC	2.12	0.14	0.03	0.41	2.92	(2.06)	4.17	(3.76)	12.58
OCFC	1.52	(0.02)	0.00	0.04	2.30	(1.50)	3.73	(4.07)	12.03
UFCS	1.30	0.30	0.19	(2.50)	1.02	(1.64)	2.64	(2.09)	17.21
JCAP	1.50	0.40	0.26	0.57	1.17	(1.85)	3.72	(2.51)	9.55

Be your own money manager

Our tools can tell you how much better you can do entering a position in Selective Insurance without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Selective Insurance Corporate Management

John Bresney	Ex Officer	Profile
Brenda Hall	Ex Lines	Profile
Joseph CFA	Ex Officer	Profile
Rohit Mull	Chief VP	Profile
Mark Wilcox	Ex CFO	Profile
Anthony Harnett	VP Officer	Profile
Rohan Pai	VP Treasurer	Profile

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