Donegal Group Correlations

DGICB Stock

USD 16.27 1.24 7.08%

The current 90-days correlation between Donegal Group B and Kimball Electronics is 0.18 (i.e., Average diversification). The correlation of Donegal Group 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.

Donegal Group Correlation With Market

Significant diversification

The correlation between Donegal Group B and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Donegal Group B and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Donegal Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Donegal Group B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving against Donegal Stock

0.51	RGRLF	Star Phoenix Group	Pair Corr
0.46	PRA	ProAssurance	Pair Corr
0.41	SIGI	Selective Insurance	Pair Corr
0.39	MKSI	MKS Instruments	Pair Corr
0.38	GBOOF	Grupo Financiero Banorte	Pair Corr
0.37	TFPM	Triple Flag Precious	Pair Corr
0.34	CCJ	Cameco Corp	Pair Corr

Related Correlations Analysis

	EA	KE	GNRD	TCLHF	BHE	DEWY	GPUS-PD	IPNAF
EA		-0.59	0.0	-0.27	0.39	0.83	-0.17	0.99	EA
KE	-0.59		0.0	0.08	-0.29	-0.41	0.4	-0.62	KE
GNRD	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GNRD
TCLHF	-0.27	0.08	0.0		-0.67	-0.29	0.07	-0.27	TCLHF
BHE	0.39	-0.29	0.0	-0.67		0.29	-0.24	0.39	BHE
DEWY	0.83	-0.41	0.0	-0.29	0.29		-0.1	0.82	DEWY
GPUS-PD	-0.17	0.4	0.0	0.07	-0.24	-0.1		-0.14	GPUS-PD
IPNAF	0.99	-0.62	0.0	-0.27	0.39	0.82	-0.14		IPNAF
	EA	KE	GNRD	TCLHF	BHE	DEWY	GPUS-PD	IPNAF

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

IPNAF	+ 0.99	EA
DEWY	+ 0.83	EA
IPNAF	+ 0.82	DEWY
GPUS-PD	+ 0.4	KE
BHE	+ 0.39	EA
IPNAF	+ 0.39	BHE

High negative correlations

BHE	- 0.67	TCLHF
IPNAF	- 0.62	KE
KE	- 0.59	EA
DEWY	- 0.41	KE
DEWY	- 0.29	TCLHF
BHE	- 0.29	KE

Risk-Adjusted Indicators

There is a big difference between Donegal Stock performing well and Donegal Group 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 Donegal Group'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
EA	0.74	0.23	0.23	0.81	0.44	(1.03)	1.47	(0.93)	15.20
KE	1.87	(0.04)	0.00	0.03	2.61	(1.73)	3.56	(4.12)	13.09
GNRD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TCLHF	2.64	0.20	0.02	(0.25)	3.36	(7.44)	9.84	(7.30)	27.01
BHE	1.68	0.06	0.04	0.11	1.91	(1.69)	3.45	(2.94)	13.11
DEWY	0.54	0.25	0.00	1.46	0.00	0.00	0.00	0.00	18.06
GPUS-PD	1.96	0.06	0.00	(0.42)	3.35	(1.96)	4.02	(3.93)	18.89
IPNAF	0.08	0.03	0.00	1.02	0.00	0.00	0.00	0.00	1.36

Donegal Group Corporate Management

Sheri Smith	VP Secretary	Profile
Natasha Romero	VP Controller	Profile
Francis Haefner	VP	Profile
Jeffrey Jacobsen	VP	Profile
Rick Hecker	Senior Counsel	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

2025 Macroaxis LLC