Selective Insurance Group (SIGI) Correlation Distribution
Across 6,809 rolling correlation observations between Selective Insurance Group (SIGI) and other NASDAQ-listed stocks, 38.3% are positive and 61.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.147, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 6.9% and strong negative correlations (≤−0.7) for 15.4%.
- Total observations
- 6,809
- Mean correlation
- -0.147
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.3%
- Strong positive (≥0.7)
- 6.9%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 522 | 7.7% | |
| -0.8 to -0.7 | 521 | 7.7% | |
| -0.7 to -0.6 | 735 | 10.8% | |
| -0.6 to -0.5 | 735 | 10.8% | |
| -0.5 to -0.4 | 404 | 5.9% | |
| -0.4 to -0.3 | 404 | 5.9% | |
| -0.3 to -0.2 | 301 | 4.4% | |
| -0.2 to -0.1 | 300 | 4.4% | |
| -0.1 to 0.0 | 273 | 4.0% | |
| 0.0 to 0.1 | 273 | 4.0% | |
| 0.1 to 0.2 | 257 | 3.8% | |
| 0.2 to 0.3 | 257 | 3.8% | |
| 0.3 to 0.4 | 327 | 4.8% | |
| 0.4 to 0.5 | 326 | 4.8% | |
| 0.5 to 0.6 | 350 | 5.1% | |
| 0.6 to 0.7 | 349 | 5.1% | |
| 0.7 to 0.8 | 229 | 3.4% | |
| 0.8 to 0.9 | 229 | 3.4% | |
| 0.9 to 1.0 | 13 | 0.2% |
Frequently asked questions
What is the average correlation of SIGI?
Selective Insurance Group (SIGI) has an average correlation of about -0.147 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SIGI positively correlated with other stocks?
Not predominantly — 38.3% of pairs are positive and 61.7% are negative. Strong positive correlations (≥0.7) make up 6.9%.
What is the most common correlation range for SIGI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.4% of all pairs.
Explore the full interactive correlation distribution for SIGI.
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