Which stocks are most correlated with HCI?

Based on one year of daily returns, the stocks most correlated with HCI Group, Inc. (HCI) are UVE (0.54), IAK (0.50) and KIE (0.50). 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 HCI?

Over the past year, the stocks most inversely correlated with HCI Group, Inc. (HCI) are FAZ (-0.34), SKF (-0.34) and SEF (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.

HCI Group, Inc. (HCI) — Stock Correlations & Overview

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

Stocks correlated with HCI

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

Most correlated with HCI

Symbol	Company	Correlation
UVE	UNIVERSAL INSURANCE HLDG, INC.FIRE, MARINE & CASUALTY INSURANCE	0.54
IAK	iShares U.S. Insurance ETF	0.50
KIE	State Street SPDR S&P Insurance ETF	0.50
MCY	Mercury General Corp.FIRE, MARINE & CASUALTY INSURANCE	0.48
KBWP	Invesco KBW Property & Casualty Insurance ETFINVESTMENT ADVICE	0.48

Most inversely correlated with HCI

Symbol	Company	Correlation
FAZ	Direxion Daily Financial Bear 3x ETF	-0.34
SKF	ProShares UltraShort Financials	-0.34
SEF	ProShares Short Financials	-0.33
REK	ProShares Short Real Estate	-0.30
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.29

Frequently asked questions about HCI correlations

Which stocks are most correlated with HCI?: Based on one year of daily returns, the stocks most correlated with HCI Group, Inc. (HCI) are UVE (0.54), IAK (0.50) and KIE (0.50). 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 HCI?: Over the past year, the stocks most inversely correlated with HCI Group, Inc. (HCI) are FAZ (-0.34), SKF (-0.34) and SEF (-0.33). 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 HCI correlations calculated?: We compute the correlation of daily returns between HCI 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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