Which stocks are most correlated with ASIC?

Based on one year of daily returns, the stocks most correlated with Ategrity Specialty Insurance Company Holdings (ASIC) are BOW (0.49), SKWD (0.47) and IAK (0.45). 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 ASIC?

Over the past year, the stocks most inversely correlated with Ategrity Specialty Insurance Company Holdings (ASIC) are GRAL (-0.41), DNOW (-0.31) and FAZ (-0.26). A negative correlation means the two stocks have tended to move in opposite directions.

Ategrity Specialty Insurance Company Holdings (ASIC) — Stock Correlations & Overview

Over the past year, ASIC has moved most closely with BOW, SKWD, IAK. Explore the stocks most correlated and inversely correlated with ASIC below, along with its price, financials, and company profile.

Stocks correlated with ASIC

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

Most correlated with ASIC

Symbol	Company	Correlation
BOW	Bowhead Specialty Holdings Inc.FIRE, MARINE & CASUALTY INSURANCE	0.49
SKWD	Skyward Specialty Insurance Group, Inc. Common StockFIRE, MARINE & CASUALTY INSURANCE	0.47
IAK	iShares U.S. Insurance ETF	0.45
KIE	State Street SPDR S&P Insurance ETF	0.45
KBWP	Invesco KBW Property & Casualty Insurance ETFINVESTMENT ADVICE	0.45

Most inversely correlated with ASIC

Symbol	Company	Correlation
GRAL	GRAIL, Inc. Common StockSERVICES-MEDICAL LABORATORIES	-0.41
DNOW	DNOW Inc.OIL & GAS FIELD MACHINERY & EQUIPMENT	-0.31
FAZ	Direxion Daily Financial Bear 3x ETF	-0.26
EGGY	NestYield Dynamic Income ETF	-0.25
SKF	ProShares UltraShort Financials	-0.25

Frequently asked questions about ASIC correlations

Which stocks are most correlated with ASIC?: Based on one year of daily returns, the stocks most correlated with Ategrity Specialty Insurance Company Holdings (ASIC) are BOW (0.49), SKWD (0.47) and IAK (0.45). 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 ASIC?: Over the past year, the stocks most inversely correlated with Ategrity Specialty Insurance Company Holdings (ASIC) are GRAL (-0.41), DNOW (-0.31) and FAZ (-0.26). 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 ASIC correlations calculated?: We compute the correlation of daily returns between ASIC 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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