Kemper Correlations

KMPR Stock

USD 58.20 0.60 1.02%

The current 90-days correlation between Kemper and Selective Insurance Group is 0.47 (i.e., Very weak diversification). The correlation of Kemper 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Kemper Correlation With Market

Poor diversification

The correlation between Kemper and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kemper and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Kemper Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kemper. 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 Kemper Stock, please use our How to Invest in Kemper guide.

Moving together with Kemper Stock

0.67	CNA	CNA Financial	Pair Corr
0.75	MKL	Markel Earnings Call Shortly	Pair Corr
0.91	GBLI	Global Indemnity PLC	Pair Corr
0.9	WTM	White Mountains Insurance	Pair Corr
0.73	HGTY	Hagerty Downward Rally	Pair Corr
0.87	LMND	Lemonade Earnings Call Shortly	Pair Corr
0.8	NODK	NI Holdings	Pair Corr
0.82	ALL-PB	Allstate Earnings Call Shortly	Pair Corr
0.81	ALL-PI	Allstate Earnings Call Shortly	Pair Corr
0.83	ALL-PH	Allstate Earnings Call Shortly	Pair Corr
0.69	ACIC	American Coastal Ins	Pair Corr
0.84	WRB-PH	WR Berkley	Pair Corr
0.83	WRB-PG	WR Berkley	Pair Corr

Moving against Kemper Stock

0.74	HRTG	Heritage Insurance Hldgs	Pair Corr
0.58	PRA	ProAssurance	Pair Corr
0.53	WRB	W R Berkley	Pair Corr
0.41	BOW	Bowhead Specialty	Pair Corr
0.41	HCI	HCI Group	Pair Corr
0.4	UVE	Universal Insurance	Pair Corr
0.59	PLMR	Palomar Holdings Earnings Call Shortly	Pair Corr
0.59	DGICB	Donegal Group B	Pair Corr
0.38	SKWD	Skyward Specialty	Pair Corr

Related Correlations Analysis

	SIGI	DGICB	ARGO-PA	GBLI	HMN	RLI	PRA
SIGI		0.37	0.33	-0.07	0.11	0.37	0.45	SIGI
DGICB	0.37		0.48	-0.67	0.37	0.49	0.86	DGICB
ARGO-PA	0.33	0.48		-0.02	0.65	0.46	0.4	ARGO-PA
GBLI	-0.07	-0.67	-0.02		0.08	-0.1	-0.62	GBLI
HMN	0.11	0.37	0.65	0.08		0.65	0.38	HMN
RLI	0.37	0.49	0.46	-0.1	0.65		0.54	RLI
PRA	0.45	0.86	0.4	-0.62	0.38	0.54		PRA
	SIGI	DGICB	ARGO-PA	GBLI	HMN	RLI	PRA

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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

PRA	+ 0.86	DGICB
HMN	+ 0.65	ARGO-PA
RLI	+ 0.65	HMN
PRA	+ 0.54	RLI
RLI	+ 0.49	DGICB
ARGO-PA	+ 0.48	DGICB

High negative correlations

GBLI	- 0.67	DGICB
PRA	- 0.62	GBLI
RLI	- 0.1	GBLI
GBLI	- 0.07	SIGI
GBLI	- 0.02	ARGO-PA

Risk-Adjusted Indicators

There is a big difference between Kemper Stock performing well and Kemper 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 Kemper'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	1.59	(0.01)	0.00	(0.15)	0.00	0.00	3.07	(3.11)	15.02
DGICB	2.41	0.43	0.15	2.29	2.48	(3.47)	7.14	(4.36)	19.58
ARGO-PA	0.12	0.02	0.76	0.14	0.10	(0.14)	0.28	(0.28)	0.84
GBLI	1.55	(0.22)	0.00	(0.94)	0.00	0.00	3.43	(3.74)	13.26
HMN	1.32	0.22	0.16	0.26	1.63	(1.32)	2.34	(2.78)	9.56
RLI	1.28	(0.02)	0.00	(0.17)	0.00	0.00	1.91	(3.65)	8.36
PRA	2.09	0.88	0.68	3.18	0.53	(2.63)	2.56	(2.56)	49.47

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