Cincinnati Financial Correlations

CINF Stock

USD 150.73 1.70 1.14%

The current 90-days correlation between Cincinnati Financial and The Allstate is 0.86 (i.e., Very poor diversification). The correlation of Cincinnati Financial 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.

Cincinnati Financial Correlation With Market

Poor diversification

The correlation between Cincinnati Financial and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cincinnati Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cincinnati Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cincinnati Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving together with Cincinnati Stock

0.8	L	Loews Corp	Pair Corr
0.61	ALL	Allstate	Pair Corr
0.75	HMN	Horace Mann Educators	Pair Corr
0.85	MCY	Mercury General	Pair Corr
0.85	MKL	Markel	Pair Corr
0.67	THG	Hanover Insurance	Pair Corr
0.62	TRV	The Travelers Companies	Pair Corr
0.8	UVE	Universal Insurance Earnings Call This Week	Pair Corr
0.73	WTM	White Mountains Insurance	Pair Corr
0.83	HGTY	Hagerty	Pair Corr
0.84	HRTG	Heritage Insurance Hldgs	Pair Corr
0.91	KMPR	Kemper	Pair Corr
0.62	LMND	Lemonade	Pair Corr

Moving against Cincinnati Stock

0.59	BOW	Bowhead Specialty	Pair Corr
0.4	STC	Stewart Information Earnings Call This Week	Pair Corr
0.4	KINS	Kingstone Companies Normal Trading	Pair Corr
0.37	AFG	American Financial	Pair Corr
0.37	RLI	RLI Corp Earnings Call This Week	Pair Corr
0.42	EG	Everest Group	Pair Corr

Related Correlations Analysis

	ALL	BEN	CB	CNA	DOV	GPC	LEG	RLI	TRV
ALL		0.04	0.85	0.56	0.2	0.53	0.24	0.43	0.87	ALL
BEN	0.04		-0.21	-0.68	0.94	0.72	0.81	-0.76	0.1	BEN
CB	0.85	-0.21		0.7	-0.14	0.25	-0.06	0.66	0.75	CB
CNA	0.56	-0.68	0.7		-0.5	-0.2	-0.45	0.82	0.47	CNA
DOV	0.2	0.94	-0.14	-0.5		0.82	0.83	-0.66	0.22	DOV
GPC	0.53	0.72	0.25	-0.2	0.82		0.65	-0.26	0.49	GPC
LEG	0.24	0.81	-0.06	-0.45	0.83	0.65		-0.65	0.29	LEG
RLI	0.43	-0.76	0.66	0.82	-0.66	-0.26	-0.65		0.27	RLI
TRV	0.87	0.1	0.75	0.47	0.22	0.49	0.29	0.27		TRV
	ALL	BEN	CB	CNA	DOV	GPC	LEG	RLI	TRV

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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

DOV	+ 0.94	BEN
TRV	+ 0.87	ALL
CB	+ 0.85	ALL
LEG	+ 0.83	DOV
RLI	+ 0.82	CNA
GPC	+ 0.82	DOV

High negative correlations

RLI	- 0.76	BEN
CNA	- 0.68	BEN
RLI	- 0.66	DOV
RLI	- 0.65	LEG
DOV	- 0.5	CNA
LEG	- 0.45	CNA

Risk-Adjusted Indicators

There is a big difference between Cincinnati Stock performing well and Cincinnati Financial 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 Cincinnati Financial'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
ALL	1.13	(0.11)	(0.09)	0.00	1.49	(1.14)	2.11	(2.61)	6.76
BEN	1.21	0.32	0.27	0.37	0.81	(1.42)	3.25	(2.37)	9.95
CB	0.93	(0.15)	0.00	(0.12)	0.00	0.00	1.61	(1.61)	7.09
CNA	0.89	(0.22)	0.00	(0.18)	0.00	0.00	1.63	(1.90)	5.09
DOV	0.99	0.07	0.08	0.19	0.81	(1.24)	2.06	(1.33)	7.11
GPC	1.10	(0.03)	(0.03)	0.10	1.15	(1.28)	2.80	(2.00)	6.45
LEG	2.28	0.65	0.24	16.14	1.72	(2.83)	4.02	(3.57)	36.28
RLI	1.00	(0.24)	0.00	(0.24)	0.00	0.00	1.80	(2.77)	7.35
TRV	1.02	0.00	(0.03)	0.13	1.16	(1.09)	2.64	(2.00)	8.32

Cincinnati Financial Corporate Management

CPA CPA	Principal CFO	Profile
Doyle AIM	Senior Company	Profile
CPCU ARe	MD Reinsurance	Profile
Doyle CPCU	VP Company	Profile
CMA CPA	VP Officer	Profile
CFA CERA	Chairman CEO	Profile

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