Hippo Holdings Correlations

HIPO Stock

USD 32.06 3.30 11.47%

The current 90-days correlation between Hippo Holdings and Employers Holdings is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hippo Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hippo Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hippo Holdings Correlation With Market

Weak diversification

The correlation between Hippo Holdings and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hippo Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hippo 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 american community survey.

To learn how to invest in Hippo Stock, please use our How to Invest in Hippo Holdings guide.

Moving together with Hippo Stock

0.77	AGO	Assured Guaranty	Pair Corr
0.74	AXS	AXIS Capital Holdings	Pair Corr
0.88	EIG	Employers Holdings	Pair Corr
0.9	MBI	MBIA Inc	Pair Corr
0.9	ITIC	Investors Title	Pair Corr
0.66	AMBC	Ambac Financial Group	Pair Corr
0.87	AMSF	AMERISAFE	Pair Corr
0.86	TIPT	Tiptree	Pair Corr
0.8	C	Citigroup Aggressive Push	Pair Corr
0.78	L	Loews Corp	Pair Corr
0.84	V	Visa Class A	Pair Corr
0.73	DHIL	Diamond Hill Investment	Pair Corr
0.85	DIST	Distoken Acquisition	Pair Corr
0.92	AX	Axos Financial	Pair Corr
0.73	BX	Blackstone Group Normal Trading	Pair Corr
0.91	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Hippo Stock

0.83	ESNT	Essent Group	Pair Corr
0.74	NMIH	NMI Holdings	Pair Corr
0.66	JRVR	James River Group	Pair Corr
0.65	ACT	Enact Holdings	Pair Corr
0.48	PPHI	Positive Physicians	Pair Corr
0.35	MTG	MGIC Investment Corp	Pair Corr
0.32	RDN	Radian Group	Pair Corr
0.6	TD	Toronto Dominion Bank Fiscal Year End 5th of December 2024	Pair Corr
0.56	EG	Everest Group	Pair Corr
0.44	PT	Pintec Technology	Pair Corr
0.43	RM	Regional Management Corp	Pair Corr
0.41	IX	Orix Corp Ads	Pair Corr
0.33	LU	Lufax Holding	Pair Corr
0.31	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	ICCH	EIG	AMSF	NMIH	ITIC	JRVR	ESNT	MTG	RDN
ICCH		0.48	0.63	-0.46	0.45	-0.39	-0.48	-0.06	-0.45	ICCH
EIG	0.48		0.87	-0.56	0.92	-0.65	-0.71	-0.09	-0.22	EIG
AMSF	0.63	0.87		-0.79	0.87	-0.6	-0.85	-0.29	-0.42	AMSF
NMIH	-0.46	-0.56	-0.79		-0.59	0.46	0.93	0.73	0.66	NMIH
ITIC	0.45	0.92	0.87	-0.59		-0.79	-0.71	-0.1	-0.27	ITIC
JRVR	-0.39	-0.65	-0.6	0.46	-0.79		0.6	0.19	0.44	JRVR
ESNT	-0.48	-0.71	-0.85	0.93	-0.71	0.6		0.69	0.7	ESNT
MTG	-0.06	-0.09	-0.29	0.73	-0.1	0.19	0.69		0.63	MTG
RDN	-0.45	-0.22	-0.42	0.66	-0.27	0.44	0.7	0.63		RDN
	ICCH	EIG	AMSF	NMIH	ITIC	JRVR	ESNT	MTG	RDN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ESNT	+ 0.93	NMIH
ITIC	+ 0.92	EIG
AMSF	+ 0.87	EIG
ITIC	+ 0.87	AMSF
MTG	+ 0.73	NMIH
RDN	+ 0.7	ESNT

High negative correlations

ESNT	- 0.85	AMSF
JRVR	- 0.79	ITIC
NMIH	- 0.79	AMSF
ESNT	- 0.71	ITIC
ESNT	- 0.71	EIG
JRVR	- 0.65	EIG

Risk-Adjusted Indicators

There is a big difference between Hippo Stock performing well and Hippo Holdings 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 Hippo Holdings' 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
ICCH	0.27	0.03	(0.15)	(0.25)	0.34	(0.35)	0.83	(0.56)	3.36
EIG	1.03	0.08	0.09	0.17	1.02	(1.18)	2.46	(1.95)	11.24
AMSF	1.09	0.18	0.15	0.28	0.87	(1.32)	2.32	(2.12)	12.74
NMIH	1.09	(0.09)	(0.06)	(0.01)	1.74	(1.03)	2.37	(2.55)	9.75
ITIC	1.50	0.22	0.17	0.23	1.38	(1.74)	3.89	(2.34)	12.40
JRVR	2.37	(0.94)	0.00	(0.25)	0.00	0.00	3.47	(5.22)	31.93
ESNT	1.10	(0.22)	0.00	(0.15)	0.00	0.00	1.88	(2.14)	13.14
MTG	1.05	(0.04)	(0.02)	0.06	1.70	(0.96)	2.01	(2.36)	8.56
RDN	1.26	(0.13)	0.00	(0.03)	0.00	0.00	2.36	(2.24)	11.88

Hippo Holdings Corporate Management

Hugh Frater	Independent Director	Profile
Simon FlemingWood	Chief Marketing Officer	Profile
Sam Landman	Independent Director	Profile
Aviad Pinkovezky	Chief Product Officer	Profile
Yuval Harry	Executive Officer	Profile
Eric Feder	Independent Director	Profile
Richard Primerano	Chief Officer	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

2024 Macroaxis LLC