HERITAGE INSURANCE HOLDINGS INC (HRTG) — Stock Correlations & Overview
Over the past year, HRTG has moved most closely with UVE, KIE, AGO. Explore the stocks most correlated and inversely correlated with HRTG below, along with its price, financials, and company profile.
Stocks correlated with HRTG
Correlation of daily returns. Higher positive values move with HRTG; negative values move opposite it. Informational only, not investment advice.
Most correlated with HRTG
| Symbol | Company | Correlation |
|---|---|---|
| UVE | UNIVERSAL INSURANCE HLDG, INC.FIRE, MARINE & CASUALTY INSURANCE | 0.57 |
| KIE | State Street SPDR S&P Insurance ETF | 0.51 |
| AGO | Assured Guaranty, LTDSURETY INSURANCE | 0.48 |
| IAK | iShares U.S. Insurance ETF | 0.48 |
| AFG | American Financial Group, Inc.FIRE, MARINE & CASUALTY INSURANCE | 0.47 |
Most inversely correlated with HRTG
| Symbol | Company | Correlation |
|---|---|---|
| INOD | Innodata Inc.SERVICES-COMPUTER PROCESSING & DATA PREPARATION | -0.30 |
| SHLS | Shoals Technologies Group, Inc. Class A Common StockSEMICONDUCTORS & RELATED DEVICES | -0.29 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.28 |
| SKF | ProShares UltraShort Financials | -0.27 |
| TNC | TENNANT COMPANYREFRIGERATION & SERVICE INDUSTRY MACHINERY | -0.26 |
Frequently asked questions about HRTG correlations
- Which stocks are most correlated with HRTG?
- Based on one year of daily returns, the stocks most correlated with HERITAGE INSURANCE HOLDINGS INC (HRTG) are UVE (0.57), KIE (0.51) and AGO (0.48). 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 HRTG?
- Over the past year, the stocks most inversely correlated with HERITAGE INSURANCE HOLDINGS INC (HRTG) are INOD (-0.30), SHLS (-0.29) and FAZ (-0.28). 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 HRTG correlations calculated?
- We compute the correlation of daily returns between HRTG 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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