Which stocks are most correlated with MBI?

Based on one year of daily returns, the stocks most correlated with MBIA Inc. (MBI) are AGO (0.50), UFCS (0.46) and DGICA (0.44). 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 MBI?

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

MBIA Inc. (MBI) — Stock Correlations & Overview

Over the past year, MBI has moved most closely with AGO, UFCS, DGICA. Explore the stocks most correlated and inversely correlated with MBI below, along with its price, financials, and company profile.

Stocks correlated with MBI

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

Most correlated with MBI

Symbol	Company	Correlation
AGO	Assured Guaranty, LTDSURETY INSURANCE	0.50
UFCS	United Fire Group Inc.FIRE, MARINE & CASUALTY INSURANCE	0.46
DGICA	Donegal Group IncFIRE, MARINE & CASUALTY INSURANCE	0.44
HMN	Horace Mann Educators CorporationFIRE, MARINE & CASUALTY INSURANCE	0.44
KIE	State Street SPDR S&P Insurance ETF	0.43

Most inversely correlated with MBI

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.34
FAZ	Direxion Daily Financial Bear 3x ETF	-0.33
SKF	ProShares UltraShort Financials	-0.33
SEF	ProShares Short Financials	-0.32
SDD	ProShares UltraShort SmallCap600	-0.26

Frequently asked questions about MBI correlations

Which stocks are most correlated with MBI?: Based on one year of daily returns, the stocks most correlated with MBIA Inc. (MBI) are AGO (0.50), UFCS (0.46) and DGICA (0.44). 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 MBI?: Over the past year, the stocks most inversely correlated with MBIA Inc. (MBI) are SKRE (-0.34), FAZ (-0.33) and SKF (-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 MBI correlations calculated?: We compute the correlation of daily returns between MBI 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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