Erie Indemnity Correlations

ERIE Stock

USD 353.32 0.85 0.24%

The current 90-days correlation between Erie Indemnity and Brown Brown is 0.43 (i.e., Very weak diversification). The correlation of Erie Indemnity 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.

Erie Indemnity Correlation With Market

Very weak diversification

The correlation between Erie Indemnity and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Erie Indemnity and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Erie Stock

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

For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.

Moving together with Erie Stock

0.68	EHTH	eHealth	Pair Corr
0.79	BRO	Brown Brown Earnings Call This Week	Pair Corr
0.71	WTW	Willis Towers Watson Earnings Call This Week	Pair Corr
0.72	GOCO	GoHealth	Pair Corr
0.62	SLQT	Selectquote	Pair Corr

Moving against Erie Stock

0.69	C	Citigroup Aggressive Push	Pair Corr
0.63	L	Loews Corp	Pair Corr
0.54	HUIZ	Huize Holding	Pair Corr
0.5	RELI	Reliance Global Group	Pair Corr
0.47	AIFU	Fanhua Inc Symbol Change	Pair Corr
0.81	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.76	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.76	CM	Canadian Imperial Bank	Pair Corr
0.74	BN	Brookfield Corp	Pair Corr
0.73	BK	Bank of New York	Pair Corr
0.71	AC	Associated Capital	Pair Corr
0.71	GS	Goldman Sachs Group	Pair Corr
0.7	IX	Orix Corp Ads	Pair Corr
0.69	AX	Axos Financial	Pair Corr
0.65	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.62	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.62	HG	Hamilton Insurance Group,	Pair Corr
0.6	DHIL	Diamond Hill Investment	Pair Corr
0.56	BX	Blackstone Group Normal Trading	Pair Corr
0.49	DIST	Distoken Acquisition	Pair Corr
0.46	V	Visa Class A	Pair Corr

Related Correlations Analysis

	CRVL	BRO	AJG	BWIN	RLI	THFF	SIGI	BANF	CTBI
CRVL		0.74	0.79	-0.19	0.89	-0.74	0.51	-0.56	-0.76	CRVL
BRO	0.74		0.63	0.27	0.79	-0.77	0.53	-0.69	-0.73	BRO
AJG	0.79	0.63		-0.3	0.8	-0.43	0.6	-0.23	-0.46	AJG
BWIN	-0.19	0.27	-0.3		-0.13	-0.14	0.13	-0.26	-0.03	BWIN
RLI	0.89	0.79	0.8	-0.13		-0.74	0.59	-0.59	-0.74	RLI
THFF	-0.74	-0.77	-0.43	-0.14	-0.74		-0.3	0.93	0.97	THFF
SIGI	0.51	0.53	0.6	0.13	0.59	-0.3		-0.08	-0.24	SIGI
BANF	-0.56	-0.69	-0.23	-0.26	-0.59	0.93	-0.08		0.91	BANF
CTBI	-0.76	-0.73	-0.46	-0.03	-0.74	0.97	-0.24	0.91		CTBI
	CRVL	BRO	AJG	BWIN	RLI	THFF	SIGI	BANF	CTBI

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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

CTBI	+ 0.97	THFF
BANF	+ 0.93	THFF
CTBI	+ 0.91	BANF
RLI	+ 0.89	CRVL
RLI	+ 0.8	AJG
AJG	+ 0.79	CRVL

High negative correlations

THFF	- 0.77	BRO
CTBI	- 0.76	CRVL
CTBI	- 0.74	RLI
THFF	- 0.74	RLI
THFF	- 0.74	CRVL
CTBI	- 0.73	BRO

Risk-Adjusted Indicators

There is a big difference between Erie Stock performing well and Erie Indemnity 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 Erie Indemnity'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
CRVL	1.23	(0.46)	0.00	(0.33)	0.00	0.00	2.04	(3.61)	7.04
BRO	1.09	(0.31)	0.00	(0.35)	0.00	0.00	2.12	(2.45)	9.65
AJG	1.12	(0.22)	0.00	(0.20)	0.00	0.00	2.30	(2.62)	7.55
BWIN	1.87	(0.21)	0.00	(0.03)	0.00	0.00	3.92	(4.11)	13.09
RLI	1.00	(0.24)	0.00	(0.24)	0.00	0.00	1.80	(2.77)	7.35
THFF	1.39	0.26	0.20	0.35	0.97	(1.68)	3.97	(1.97)	9.63
SIGI	1.04	(0.05)	(0.07)	0.05	1.38	(0.99)	1.94	(2.09)	6.18
BANF	1.24	0.31	0.18	0.53	1.04	(1.37)	3.20	(1.93)	7.03
CTBI	1.11	0.22	0.18	0.38	0.84	(1.33)	2.63	(1.71)	5.86

Erie Indemnity Corporate Management

CPCU CPA	Ex CFO	Profile
Marc CIC	Senior Underwriting	Profile
Charles CIC	Senior Marketing	Profile
Jeffrey CPCU	Senior Services	Profile
CPCU FCAS	Ex Products	Profile
Ronald Habursky	Senior Officer	Profile
Bill Matrogran	Vice Operations	Profile

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