Selective Insurance Group, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 4.60% Non-Cumulative Preferred Stock, Series B (SIGIP) Correlation Distribution
Across 6,808 rolling correlation observations between Selective Insurance Group, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 4.60% Non-Cumulative Preferred Stock, Series B (SIGIP) and other NASDAQ-listed stocks, 71.3% are positive and 28.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.346, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.7% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,808
- Mean correlation
- 0.346
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.3%
- Strong positive (≥0.7)
- 38.7%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 77 | 1.1% | |
| -0.8 to -0.7 | 76 | 1.1% | |
| -0.7 to -0.6 | 224 | 3.3% | |
| -0.6 to -0.5 | 224 | 3.3% | |
| -0.5 to -0.4 | 296 | 4.3% | |
| -0.4 to -0.3 | 295 | 4.3% | |
| -0.3 to -0.2 | 258 | 3.8% | |
| -0.2 to -0.1 | 258 | 3.8% | |
| -0.1 to 0.0 | 240 | 3.5% | |
| 0.0 to 0.1 | 240 | 3.5% | |
| 0.1 to 0.2 | 239 | 3.5% | |
| 0.2 to 0.3 | 238 | 3.5% | |
| 0.3 to 0.4 | 287 | 4.2% | |
| 0.4 to 0.5 | 287 | 4.2% | |
| 0.5 to 0.6 | 464 | 6.8% | |
| 0.6 to 0.7 | 464 | 6.8% | |
| 0.7 to 0.8 | 1,000 | 14.7% | |
| 0.8 to 0.9 | 999 | 14.7% | |
| 0.9 to 1.0 | 639 | 9.4% |
Frequently asked questions
What is the average correlation of SIGIP?
Selective Insurance Group, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 4.60% Non-Cumulative Preferred Stock, Series B (SIGIP) has an average correlation of about 0.346 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is SIGIP positively correlated with other stocks?
Mostly yes — 71.3% of pairs are positive and 28.7% are negative. Strong positive correlations (≥0.7) make up 38.7%.
What is the most common correlation range for SIGIP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.6% of all pairs.
Explore the full interactive correlation distribution for SIGIP.
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