Donegal Group Inc (DGICA) — Stock Correlations & Overview
Over the past year, DGICA has moved most closely with KIE, KBWP, IAK. Explore the stocks most correlated and inversely correlated with DGICA below, along with its price, financials, and company profile.
Stocks correlated with DGICA
Correlation of daily returns. Higher positive values move with DGICA; negative values move opposite it. Informational only, not investment advice.
Most correlated with DGICA
| Symbol | Company | Correlation |
|---|---|---|
| KIE | State Street SPDR S&P Insurance ETF | 0.64 |
| KBWP | Invesco KBW Property & Casualty Insurance ETFINVESTMENT ADVICE | 0.60 |
| IAK | iShares U.S. Insurance ETF | 0.59 |
| UFCS | United Fire Group Inc.FIRE, MARINE & CASUALTY INSURANCE | 0.59 |
| EIG | Employers Holdings, Inc.FIRE, MARINE & CASUALTY INSURANCE | 0.56 |
Most inversely correlated with DGICA
| Symbol | Company | Correlation |
|---|---|---|
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.35 |
| SEF | ProShares Short Financials | -0.34 |
| SKF | ProShares UltraShort Financials | -0.34 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.32 |
| DJP | iPath Bloomberg Commodity Index Total Return ETN due June 12, 2036 | -0.30 |
Frequently asked questions about DGICA correlations
- Which stocks are most correlated with DGICA?
- Based on one year of daily returns, the stocks most correlated with Donegal Group Inc (DGICA) are KIE (0.64), KBWP (0.60) and IAK (0.59). 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 DGICA?
- Over the past year, the stocks most inversely correlated with Donegal Group Inc (DGICA) are FAZ (-0.35), SEF (-0.34) and SKF (-0.34). 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 DGICA correlations calculated?
- We compute the correlation of daily returns between DGICA 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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