Horace Mann Correlations

HMN Stock

USD 44.43 0.74 1.64%

The current 90-days correlation between Horace Mann Educators and Kemper is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Horace Mann moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horace Mann Educators moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Horace Mann Correlation With Market

Very good diversification

The correlation between Horace Mann Educators and DJI is -0.32 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Horace Mann Educators and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Horace Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horace Mann Educators. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Horace Stock

0.86	L	Loews Corp	Pair Corr
0.86	AFG	American Financial	Pair Corr
0.71	AHL	Aspen Insurance Holdings	Pair Corr
0.74	AII	American Integrity	Pair Corr
0.92	AIZ	Assurant	Pair Corr
0.62	ALL	Allstate	Pair Corr
0.8	CNA	CNA Financial	Pair Corr
0.9	HCI	HCI Group	Pair Corr
0.94	HIG	Hartford Financial	Pair Corr
0.86	MCY	Mercury General	Pair Corr
0.87	ORI	Old Republic Interna Normal Trading	Pair Corr
0.92	STC	Stewart Information	Pair Corr
0.85	THG	Hanover Insurance	Pair Corr
0.88	TRV	The Travelers Companies	Pair Corr
0.78	WRB	W R Berkley	Pair Corr
0.86	HGTY	Hagerty	Pair Corr
0.93	HIPO	Hippo Holdings	Pair Corr
0.69	HRTG	Heritage Insurance Hldgs	Pair Corr
0.85	LMND	Lemonade	Pair Corr
0.87	SIGIP	Selective Insurance	Pair Corr
0.79	ALL-PB	Allstate	Pair Corr
0.89	ALL-PI	Allstate	Pair Corr
0.88	ALL-PH	Allstate	Pair Corr
0.64	ALL-PJ	Allstate	Pair Corr

Moving against Horace Stock

0.73	BOW	Bowhead Specialty	Pair Corr
0.69	MKL	Markel	Pair Corr
0.57	RLI	RLI Corp	Pair Corr
0.78	KMPR	Kemper	Pair Corr
0.76	KINS	Kingstone Companies	Pair Corr
0.71	KNSL	Kinsale Capital Group	Pair Corr
0.58	GBLI	Global Indemnity PLC	Pair Corr
0.9	SLDE	Slide Insurance Holdings,	Pair Corr
0.8	ROOT	Root Inc	Pair Corr

Related Correlations Analysis

	SIGI	KMPR	DGICB	ARGO-PA	GBLI	EIG	PRA	THG	HNI
SIGI		0.7	0.41	-0.68	0.58	0.74	-0.34	-0.58	0.73	SIGI
KMPR	0.7		0.58	-0.84	0.82	0.72	-0.5	-0.77	0.86	KMPR
DGICB	0.41	0.58		-0.67	0.41	0.34	-0.11	-0.66	0.51	DGICB
ARGO-PA	-0.68	-0.84	-0.67		-0.57	-0.74	0.44	0.92	-0.7	ARGO-PA
GBLI	0.58	0.82	0.41	-0.57		0.6	-0.5	-0.51	0.77	GBLI
EIG	0.74	0.72	0.34	-0.74	0.6		-0.39	-0.65	0.79	EIG
PRA	-0.34	-0.5	-0.11	0.44	-0.5	-0.39		0.3	-0.4	PRA
THG	-0.58	-0.77	-0.66	0.92	-0.51	-0.65	0.3		-0.64	THG
HNI	0.73	0.86	0.51	-0.7	0.77	0.79	-0.4	-0.64		HNI
	SIGI	KMPR	DGICB	ARGO-PA	GBLI	EIG	PRA	THG	HNI

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

THG	+ 0.92	ARGO-PA
HNI	+ 0.86	KMPR
GBLI	+ 0.82	KMPR
HNI	+ 0.79	EIG
HNI	+ 0.77	GBLI
EIG	+ 0.74	SIGI

High negative correlations

ARGO-PA	- 0.84	KMPR
THG	- 0.77	KMPR
EIG	- 0.74	ARGO-PA
HNI	- 0.7	ARGO-PA
ARGO-PA	- 0.68	SIGI
ARGO-PA	- 0.67	DGICB

Risk-Adjusted Indicators

There is a big difference between Horace Stock performing well and Horace Mann 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 Horace Mann'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
SIGI	1.44	(0.03)	0.00	0.11	0.00	0.00	2.30	(2.00)	19.66
KMPR	1.36	(0.37)	0.00	(0.58)	0.00	0.00	1.93	(2.48)	23.10
DGICB	3.43	(0.02)	0.00	0.09	0.00	0.00	7.83	(7.19)	20.08
ARGO-PA	0.05	0.02	(0.44)	7.87	0.00	(0.07)	0.16	(0.08)	0.40
GBLI	1.30	(0.13)	0.00	(0.14)	0.00	0.00	3.32	(2.90)	11.67
EIG	1.24	(0.26)	0.00	(0.10)	0.00	0.00	1.96	(1.78)	11.61
PRA	0.19	0.05	0.03	0.29	0.00	(0.25)	0.42	(0.34)	3.50
THG	0.98	0.08	0.06	0.15	1.11	(1.03)	2.20	(2.13)	6.16
HNI	1.30	(0.17)	0.00	(0.10)	0.00	0.00	2.63	(2.71)	12.63

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