Which stocks are most correlated with ACIC?

Based on one year of daily returns, the stocks most correlated with American Coastal Insurance Corporation Common Stock (ACIC) are KIE (0.57), KBWP (0.55) and MCY (0.53). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with ACIC?

Over the past year, the stocks most inversely correlated with American Coastal Insurance Corporation Common Stock (ACIC) are FLEX (-0.38), ASMG (-0.33) and ASML (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

American Coastal Insurance Corporation Common Stock (ACIC) — Stock Correlations & Overview

Over the past year, ACIC has moved most closely with KIE, KBWP, MCY. Explore the stocks most correlated and inversely correlated with ACIC below, along with its price, financials, and company profile.

Stocks correlated with ACIC

Correlation of daily returns. Higher positive values move with ACIC; negative values move opposite it. Informational only, not investment advice.

Most correlated with ACIC

Symbol	Company	Correlation
KIE	State Street SPDR S&P Insurance ETF	0.57
KBWP	Invesco KBW Property & Casualty Insurance ETFINVESTMENT ADVICE	0.55
MCY	Mercury General Corp.FIRE, MARINE & CASUALTY INSURANCE	0.53
UVE	UNIVERSAL INSURANCE HLDG, INC.FIRE, MARINE & CASUALTY INSURANCE	0.53
CNA	CNA Financial CorporationFIRE, MARINE & CASUALTY INSURANCE	0.53

Most inversely correlated with ACIC

Symbol	Company	Correlation
FLEX	Flex Ltd. Ordinary SharesPRINTED CIRCUIT BOARDS	-0.38
ASMG	Leverage Shares 2X Long ASML Daily ETF	-0.33
ASML	ASML Holding NV	-0.32
ASMH	ASML Holding NV ADRhedged	-0.32
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.29

Frequently asked questions about ACIC correlations

Which stocks are most correlated with ACIC?: Based on one year of daily returns, the stocks most correlated with American Coastal Insurance Corporation Common Stock (ACIC) are KIE (0.57), KBWP (0.55) and MCY (0.53). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with ACIC?: Over the past year, the stocks most inversely correlated with American Coastal Insurance Corporation Common Stock (ACIC) are FLEX (-0.38), ASMG (-0.33) and ASML (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these ACIC correlations calculated?: We compute the correlation of daily returns between ACIC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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