Old Republic Correlations

ORI Stock

USD 36.79 0.02 0.05%

The current 90-days correlation between Old Republic Interna and Arch Capital Group is 0.19 (i.e., Average diversification). The correlation of Old Republic 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.

Old Republic Correlation With Market

Good diversification

The correlation between Old Republic International and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Old Republic International and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Old Stock

0.63

Chubb Sell-off Trend

Pair Corr

Moving against Old Stock

0.33

PRA

ProAssurance

Pair Corr

Related Correlations Analysis

	ACGLO	CINF	EQH	ESGR	FAF	FNF	HIG	LEG	MCY	SLF
ACGLO		0.37	0.58	0.57	0.3	-0.19	-0.09	0.55	0.58	0.33	ACGLO
CINF	0.37		0.83	0.74	-0.22	-0.67	0.78	0.81	0.84	0.83	CINF
EQH	0.58	0.83		0.7	0.06	-0.61	0.6	0.71	0.85	0.9	EQH
ESGR	0.57	0.74	0.7		-0.09	-0.66	0.26	0.74	0.91	0.67	ESGR
FAF	0.3	-0.22	0.06	-0.09		0.63	-0.19	0.01	-0.17	-0.16	FAF
FNF	-0.19	-0.67	-0.61	-0.66	0.63		-0.41	-0.45	-0.76	-0.73	FNF
HIG	-0.09	0.78	0.6	0.26	-0.19	-0.41		0.45	0.4	0.68	HIG
LEG	0.55	0.81	0.71	0.74	0.01	-0.45	0.45		0.76	0.61	LEG
MCY	0.58	0.84	0.85	0.91	-0.17	-0.76	0.4	0.76		0.85	MCY
SLF	0.33	0.83	0.9	0.67	-0.16	-0.73	0.68	0.61	0.85		SLF
	ACGLO	CINF	EQH	ESGR	FAF	FNF	HIG	LEG	MCY	SLF

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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

MCY	+ 0.91	ESGR
SLF	+ 0.9	EQH
MCY	+ 0.85	EQH
SLF	+ 0.85	MCY
MCY	+ 0.84	CINF
EQH	+ 0.83	CINF

High negative correlations

MCY	- 0.76	FNF
SLF	- 0.73	FNF
FNF	- 0.67	CINF
FNF	- 0.66	ESGR
FNF	- 0.61	EQH
LEG	- 0.45	FNF

Risk-Adjusted Indicators

There is a big difference between Old Stock performing well and Old Republic 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 Old Republic'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
ACGLO	0.40	0.03	(0.16)	0.27	0.38	(0.46)	1.10	(0.82)	2.68
CINF	1.06	0.03	0.03	0.17	1.26	(1.08)	2.50	(2.19)	6.52
EQH	1.40	(0.03)	0.02	0.12	1.62	(1.49)	2.96	(2.92)	8.53
ESGR	0.15	0.01	(0.67)	0.56	0.07	(0.17)	0.37	(0.20)	0.85
FAF	1.49	(0.25)	0.00	(0.07)	0.00	0.00	2.38	(3.67)	10.72
FNF	1.38	(0.30)	0.00	(0.19)	0.00	0.00	2.47	(4.02)	10.47
HIG	0.99	(0.06)	(0.06)	0.07	1.21	(1.03)	1.76	(2.04)	6.88
LEG	2.26	0.50	0.25	0.50	1.69	(2.75)	4.02	(3.57)	36.28
MCY	1.46	0.29	0.16	0.51	1.28	(1.68)	3.40	(2.71)	8.17
SLF	0.70	0.07	(0.01)	0.32	0.97	(0.78)	1.16	(1.23)	7.69

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