HCI Correlations

Stocks . USA . 
Stock . HCI Group
HCI Stock  USD 143.68  2.80  1.91%   
The current 90-days correlation between HCI Group and Kinsale Capital Group is -0.05 (i.e., Good diversification). The correlation of HCI 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.

HCI Correlation With Market

Modest diversification

The correlation between HCI Group and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HCI Group and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with HCI Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HCI 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 main economic indicators.

Moving together with HCI Stock

  0.76ALL AllstatePairCorr
  0.66HMN Horace Mann EducatorsPairCorr
  0.66MCY Mercury GeneralPairCorr
  0.61THG Hanover InsurancePairCorr
  0.77TRV The Travelers CompaniesPairCorr
  0.72UVE Universal InsurancePairCorr
  0.7WRB W R BerkleyPairCorr
  0.65HGTY HagertyPairCorr
  0.79HRTG Heritage Insurance Hldgs Downward RallyPairCorr
  0.81PLMR Palomar HoldingsPairCorr
  0.8SAFT Safety InsurancePairCorr
  0.89SKWD Skyward SpecialtyPairCorr

Moving against HCI Stock

  0.54STC Stewart InformationPairCorr
  0.44BOW Bowhead SpecialtyPairCorr
  0.34SIGIP Selective InsurancePairCorr
  0.4WRB-PH WR BerkleyPairCorr
  0.39WRB-PG WR BerkleyPairCorr

Related Correlations Analysis

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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   
RDN
+ 0.82
HDSN
AIZN
+ 0.77
HDSN
RDN
+ 0.77
AIZN
DIISY
+ 0.75
HDSN
DIISY
+ 0.75
RDN
DIISY
+ 0.7
AIZN
  
High negative correlations   
HDSN
- 0.2
KNSL
AIZN
- 0.0
KNSL

Risk-Adjusted Indicators

There is a big difference between HCI Stock performing well and HCI 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 HCI'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.

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