RLI Corp Correlations

RLI Stock

USD 167.32 7.42 4.64%

The current 90-days correlation between RLI Corp and Horace Mann Educators is 0.71 (i.e., Poor diversification). The correlation of RLI Corp 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.

RLI Corp Correlation With Market

Very weak diversification

The correlation between RLI Corp and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RLI Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RLI Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more detail on how to invest in RLI Stock please use our How to Invest in RLI Corp guide.

Moving together with RLI Stock

0.71	CB	Chubb	Pair Corr
0.77	FRFHF	Fairfax Financial	Pair Corr
0.78	ALL	Allstate	Pair Corr
0.88	HCI	HCI Group	Pair Corr
0.84	HMN	Horace Mann Educators Normal Trading	Pair Corr
0.79	MCY	Mercury General	Pair Corr
0.72	MKL	Markel	Pair Corr
0.64	PGR	Progressive Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.88	PRA	ProAssurance	Pair Corr
0.87	THG	Hanover Insurance	Pair Corr
0.86	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.72	WRB	W R Berkley Fiscal Year End 22nd of January 2025	Pair Corr
0.69	WTM	White Mountains Insurance	Pair Corr
0.72	TKOMY	Tokio Marine Holdings	Pair Corr
0.65	KMPR	Kemper	Pair Corr
0.76	SIGIP	Selective Insurance	Pair Corr
0.63	NODK	NI Holdings	Pair Corr
0.73	ALL-PB	Allstate	Pair Corr
0.74	ALL-PJ	Allstate	Pair Corr

Moving against RLI Stock

0.7	FACO	First Acceptance Corp	Pair Corr
0.35	TILCF	Till Capital	Pair Corr

Related Correlations Analysis

	HMN	KMPR	GBLI	ARGO-PA	SIGI	DGICB	ARGO	STC
HMN		0.78	0.26	0.74	0.71	0.65	0.78	-0.13	HMN
KMPR	0.78		0.19	0.47	0.59	0.4	0.58	-0.04	KMPR
GBLI	0.26	0.19		0.28	0.28	0.2	0.38	-0.15	GBLI
ARGO-PA	0.74	0.47	0.28		0.66	0.67	0.8	-0.29	ARGO-PA
SIGI	0.71	0.59	0.28	0.66		0.46	0.58	0.1	SIGI
DGICB	0.65	0.4	0.2	0.67	0.46		0.6	-0.12	DGICB
ARGO	0.78	0.58	0.38	0.8	0.58	0.6		-0.52	ARGO
STC	-0.13	-0.04	-0.15	-0.29	0.1	-0.12	-0.52		STC
	HMN	KMPR	GBLI	ARGO-PA	SIGI	DGICB	ARGO	STC

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

ARGO	+ 0.8	ARGO-PA
KMPR	+ 0.78	HMN
ARGO	+ 0.78	HMN
ARGO-PA	+ 0.74	HMN
SIGI	+ 0.71	HMN
DGICB	+ 0.67	ARGO-PA

High negative correlations

STC	- 0.52	ARGO
STC	- 0.29	ARGO-PA
STC	- 0.15	GBLI
STC	- 0.13	HMN
STC	- 0.12	DGICB
STC	- 0.04	KMPR

Risk-Adjusted Indicators

There is a big difference between RLI Stock performing well and RLI Corp 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 RLI Corp'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
HMN	1.18	0.20	0.15	0.36	1.09	(1.33)	1.87	(1.68)	6.37
KMPR	1.03	0.07	0.03	0.25	1.16	(1.12)	2.29	(1.89)	6.78
GBLI	1.07	0.11	0.00	0.51	1.16	(1.46)	2.91	(2.36)	9.05
ARGO-PA	0.24	0.04	(0.40)	(0.31)	0.25	(0.26)	0.61	(0.41)	1.78
SIGI	1.08	0.04	0.06	0.20	1.09	(1.20)	2.38	(1.83)	6.57
DGICB	2.43	0.35	0.04	(1.62)	3.05	(3.41)	7.61	(6.04)	18.69
ARGO	0.08	0.00	(1.51)	0.41	0.00	(0.10)	0.14	(0.17)	0.65
STC	1.32	(0.08)	(0.05)	0.09	1.46	(1.46)	3.35	(2.66)	10.03

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