Selective Insurance Correlations
| SV2 Stock | EUR 71.50 0.50 0.69% |
The current 90-days correlation between Selective Insurance and Perusahaan Perseroan PT is 0.09 (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.
Selective Insurance Correlation With Market
Poor diversification
The correlation between Selective Insurance Group and DJI is 0.66 (i.e., Poor 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.
Selective |
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 Stock
| 0.61 | C43 | Cosmo Pharmaceuticals | PairCorr |
| 0.61 | KPN | Koninklijke KPN NV | PairCorr |
| 0.63 | WHX | APRANGA AB EO Earnings Call Tomorrow | PairCorr |
| 0.71 | CIE1 | Ciena | PairCorr |
| 0.61 | O7D | Arctic Fox Lithium | PairCorr |
| 0.69 | HSY | Hershey | PairCorr |
| 0.71 | LU2 | Lumentum Holdings | PairCorr |
| 0.79 | GWW | WW Grainger | PairCorr |
Moving against Selective Stock
Related Correlations Analysis
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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PQ9 | 5.20 | 0.39 | 0.06 | 0.22 | 5.70 | 18.18 | 40.26 | |||
| PQ90 | 3.02 | 0.28 | 0.04 | 8.37 | 3.95 | 11.49 | 42.92 | |||
| BYRA | 3.58 | 0.26 | 0.01 | (0.09) | 4.04 | 11.11 | 26.67 | |||
| SSUN | 2.60 | 0.83 | 0.27 | 1.29 | 2.31 | 6.04 | 14.94 | |||
| SSU | 2.86 | 0.96 | 0.33 | 2.76 | 2.26 | 7.66 | 15.03 | |||
| SSUN | 2.45 | 1.11 | 0.33 | (1.00) | 1.95 | 6.10 | 13.83 | |||
| SSU | 2.90 | 1.25 | 0.40 | (1.60) | 1.92 | 7.05 | 15.50 | |||
| BZG2 | 2.89 | (0.20) | 0.00 | (1.86) | 0.00 | 7.50 | 22.82 | |||
| TCID | 4.30 | 0.29 | 0.02 | 0.77 | 5.40 | 12.50 | 35.42 | |||
| PTI | 1.50 | (0.03) | (0.03) | 0.00 | 2.44 | 3.47 | 16.77 |
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.Did you try this?
Run Price Transformation Now
Price TransformationUse Price Transformation models to analyze the depth of different equity instruments across global markets |
| All Next | Launch Module |
Selective Insurance Corporate Management
Elected by the shareholders, the Selective Insurance's board of directors comprises two types of representatives: Selective Insurance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Selective. The board's role is to monitor Selective Insurance's management team and ensure that shareholders' interests are well served. Selective Insurance's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Selective Insurance's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Bresney | Executive Officer | Profile | |
| Brad Wilson | Senior Treasurer | Profile | |
| Joseph CFA | Executive Officer | Profile | |
| Brenda Hall | Ex Lines | Profile | |
| Rohit Mull | Chief VP | Profile | |
| Sarita Chakravarthi | Senior Treasurer | Profile |