Slide Insurance Correlations

SLDE Stock

18.36 0.20 1.08%

The current 90-days correlation between Slide Insurance Holdings and Skyward Specialty Insurance is 0.42 (i.e., Very weak diversification). The correlation of Slide 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.

Slide Insurance Correlation With Market

Average diversification

The correlation between Slide Insurance Holdings and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Slide Insurance Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Slide Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Slide Insurance Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with Slide Stock

0.85	JUST	Just Group plc	Pair Corr
0.66	BHF	Brighthouse Financial	Pair Corr
0.72	CNO	CNO Financial Group	Pair Corr
0.68	GNW	Genworth Financial	Pair Corr
0.72	LNC	Lincoln National	Pair Corr
0.73	MFC	Manulife Financial Corp	Pair Corr
0.86	PFG	Principal Financial	Pair Corr
0.69	PRU	Prudential Financial	Pair Corr
0.68	PUK	Prudential PLC ADR	Pair Corr
0.9	601318	Ping An Insurance	Pair Corr
0.79	ELLA	Ecclesiastical Insurance	Pair Corr
0.67	POW	Power	Pair Corr
0.68	MFC	Manulife Financial Corp	Pair Corr
0.68	ASIC	Ategrity Specialty	Pair Corr
0.72	GWO	Great West Lifeco	Pair Corr
0.61	AMKBY	AP Moeller Maersk	Pair Corr
0.68	MBGAF	Mercedes Benz Group	Pair Corr
0.78	SPGI	SP Global	Pair Corr

Moving against Slide Stock

0.56	OSCR	Oscar Health Aggressive Push	Pair Corr
0.35	CIA	Citizens	Pair Corr
0.54	PSGTF	PT Semen Indonesia	Pair Corr
0.47	TRUP	Trupanion	Pair Corr
0.35	NVR	NVR Inc	Pair Corr

Related Correlations Analysis

	SKWD	STC	HMN	AHL	FRME	NTB	KMPR	BANR	SPNT	EFSC
SKWD		0.02	0.57	0.56	0.45	0.37	-0.14	0.38	0.66	0.33	SKWD
STC	0.02		0.1	0.5	0.24	0.4	-0.43	0.45	0.44	0.0	STC
HMN	0.57	0.1		0.58	0.49	0.67	-0.48	0.4	0.59	0.03	HMN
AHL	0.56	0.5	0.58		0.59	0.81	-0.57	0.62	0.93	0.09	AHL
FRME	0.45	0.24	0.49	0.59		0.68	-0.01	0.92	0.58	0.65	FRME
NTB	0.37	0.4	0.67	0.81	0.68		-0.64	0.67	0.79	0.2	NTB
KMPR	-0.14	-0.43	-0.48	-0.57	-0.01	-0.64		-0.07	-0.55	0.34	KMPR
BANR	0.38	0.45	0.4	0.62	0.92	0.67	-0.07		0.63	0.59	BANR
SPNT	0.66	0.44	0.59	0.93	0.58	0.79	-0.55	0.63		0.19	SPNT
EFSC	0.33	0.0	0.03	0.09	0.65	0.2	0.34	0.59	0.19		EFSC
	SKWD	STC	HMN	AHL	FRME	NTB	KMPR	BANR	SPNT	EFSC

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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

SPNT	+ 0.93	AHL
BANR	+ 0.92	FRME
NTB	+ 0.81	AHL
SPNT	+ 0.79	NTB
NTB	+ 0.68	FRME
NTB	+ 0.67	HMN

High negative correlations

KMPR	- 0.64	NTB
KMPR	- 0.57	AHL
SPNT	- 0.55	KMPR
KMPR	- 0.48	HMN
KMPR	- 0.43	STC
KMPR	- 0.14	SKWD

Risk-Adjusted Indicators

There is a big difference between Slide Stock performing well and Slide 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 Slide 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
SKWD	1.66	0.13	0.05	0.21	2.39	(1.72)	3.99	(2.98)	13.05
STC	1.37	(0.06)	0.00	(0.02)	0.00	0.00	3.21	(3.25)	9.24
HMN	0.94	0.07	(0.01)	(0.30)	1.29	(0.96)	2.23	(2.17)	6.47
AHL	0.10	0.01	(0.46)	(0.72)	0.00	(0.12)	0.22	(0.19)	0.76
FRME	1.08	0.03	(0.03)	(0.35)	1.47	(1.12)	2.64	(2.59)	7.20
NTB	0.93	0.29	0.24	2.56	0.66	(1.19)	2.01	(1.49)	7.46
KMPR	1.64	(0.31)	0.00	19.78	0.00	0.00	3.57	(3.07)	19.01
BANR	1.10	0.03	(0.03)	(6.91)	1.25	(1.28)	2.94	(2.08)	7.92
SPNT	1.28	0.23	0.09	3.83	1.54	(1.34)	2.45	(2.95)	8.24
EFSC	1.14	(0.11)	0.00	(0.44)	0.00	0.00	2.90	(2.95)	8.56

Slide Insurance Corporate Management

John Devoe	Chief Officer	Profile
Anastasios Omiridis	Chief Officer	Profile
Vern CFA	Senior Analytics	Profile
Rachel Carr	Chief Officer	Profile
Rao Tadepalli	Chief Officer	Profile

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