Donegal Group Correlations

DGICA Stock

USD 19.18 0.31 1.59%

The current 90-days correlation between Donegal Group A and Horace Mann Educators is 0.49 (i.e., Very weak diversification). The correlation of Donegal Group 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.

Donegal Group Correlation With Market

Very weak diversification

The correlation between Donegal Group A and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Donegal Group A and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Donegal Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Donegal Group A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Donegal Stock

0.75	CB	Chubb	Pair Corr
0.73	HGTY	Hagerty	Pair Corr
0.64	ITIC	Investors Title	Pair Corr
0.77	NODK	NI Holdings	Pair Corr
0.65	CINF	Cincinnati Financial	Pair Corr
0.79	ENTO	Entero Therapeutics, Upward Rally	Pair Corr
0.65	AMPX	Amprius Technologies	Pair Corr
0.61	KTOS	Kratos Defense Security	Pair Corr
0.71	AMRX	Amneal Pharmaceuticals,	Pair Corr
0.67	BTE	Baytex Energy Corp Aggressive Push	Pair Corr
0.69	REI	Ring Energy	Pair Corr
0.67	RMCO	Royalty Management Trending	Pair Corr

Moving against Donegal Stock

0.64	DECAU	Denali Capital Acqui	Pair Corr
0.54	DGICB	Donegal Group B	Pair Corr
0.5	LPBBU	Launch Two Acquisition	Pair Corr
0.38	SPNT	Siriuspoint	Pair Corr
0.36	KMPR	Kemper	Pair Corr
0.32	DHR	Danaher	Pair Corr
0.55	CREQF	China Rare Earth	Pair Corr
0.51	WSNAF	Wesana Health Holdings	Pair Corr

Related Correlations Analysis

	NODK	HMN	GBLI	SIGIP	DGICB	UFCS	SIGI	KMPR	ARGO-PA	PRA
NODK		0.33	0.1	0.51	-0.49	0.33	0.19	-0.17	0.39	-0.11	NODK
HMN	0.33		-0.58	0.82	-0.78	0.95	-0.5	-0.78	0.86	0.13	HMN
GBLI	0.1	-0.58		-0.41	0.24	-0.62	0.52	0.74	-0.51	-0.35	GBLI
SIGIP	0.51	0.82	-0.41		-0.59	0.81	-0.29	-0.76	0.92	0.34	SIGIP
DGICB	-0.49	-0.78	0.24	-0.59		-0.75	0.32	0.49	-0.63	0.14	DGICB
UFCS	0.33	0.95	-0.62	0.81	-0.75		-0.37	-0.82	0.82	0.29	UFCS
SIGI	0.19	-0.5	0.52	-0.29	0.32	-0.37		0.45	-0.41	0.12	SIGI
KMPR	-0.17	-0.78	0.74	-0.76	0.49	-0.82	0.45		-0.86	-0.51	KMPR
ARGO-PA	0.39	0.86	-0.51	0.92	-0.63	0.82	-0.41	-0.86		0.37	ARGO-PA
PRA	-0.11	0.13	-0.35	0.34	0.14	0.29	0.12	-0.51	0.37		PRA
	NODK	HMN	GBLI	SIGIP	DGICB	UFCS	SIGI	KMPR	ARGO-PA	PRA

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.95	HMN
ARGO-PA	+ 0.92	SIGIP
ARGO-PA	+ 0.86	HMN
SIGIP	+ 0.82	HMN
ARGO-PA	+ 0.82	UFCS
UFCS	+ 0.81	SIGIP

High negative correlations

ARGO-PA	- 0.86	KMPR
KMPR	- 0.82	UFCS
KMPR	- 0.78	HMN
DGICB	- 0.78	HMN
KMPR	- 0.76	SIGIP
UFCS	- 0.75	DGICB

Risk-Adjusted Indicators

There is a big difference between Donegal Stock performing well and Donegal Group 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 Donegal Group'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
NODK	1.33	(0.05)	(0.02)	0.02	1.34	(1.60)	3.22	(1.95)	7.09
HMN	0.89	0.11	0.07	0.19	1.10	(0.87)	2.19	(1.92)	5.64
GBLI	1.20	(0.07)	0.00	(0.05)	0.00	0.00	2.76	(2.83)	11.04
SIGIP	0.62	0.08	0.07	0.28	0.55	(0.75)	1.26	(1.01)	4.15
DGICB	3.62	(0.12)	0.00	2.05	0.00	0.00	7.83	(7.71)	20.92
UFCS	1.39	0.08	0.07	0.11	1.47	(1.52)	3.28	(2.24)	10.89
SIGI	1.43	(0.13)	0.00	(0.02)	0.00	0.00	2.30	(1.97)	19.66
KMPR	1.33	(0.34)	0.00	(0.53)	0.00	0.00	1.93	(2.06)	23.10
ARGO-PA	0.05	0.02	(0.40)	(2.66)	0.00	(0.07)	0.16	(0.08)	0.40
PRA	0.15	(0.01)	(0.19)	0.02	0.18	(0.17)	0.42	(0.34)	1.22

Donegal Group Corporate Management

Sheri Smith	VP Secretary	Profile
Natasha Romero	VP Controller	Profile
Francis Haefner	VP	Profile
Jeffrey Jacobsen	VP	Profile
Rick Hecker	Senior Counsel	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC