Which stocks are most correlated with RDN?

Based on one year of daily returns, the stocks most correlated with Radian Group Inc. (RDN) are ESNT (0.74), NMIH (0.73) and MTG (0.70). 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 RDN?

Over the past year, the stocks most inversely correlated with Radian Group Inc. (RDN) are SKRE (-0.40), FAZ (-0.28) and SEF (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.

Radian Group Inc. (RDN) — Stock Correlations & Overview

Over the past year, RDN has moved most closely with ESNT, NMIH, MTG. Explore the stocks most correlated and inversely correlated with RDN below, along with its price, financials, and company profile.

Stocks correlated with RDN

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

Most correlated with RDN

Symbol	Company	Correlation
ESNT	Essent Group LTDSURETY INSURANCE	0.74
NMIH	NMI Holdings Inc. Common StockSURETY INSURANCE	0.73
MTG	MGIC Investment Corp.SURETY INSURANCE	0.70
ACT	Enact Holdings, Inc. Common StockINSURANCE AGENTS, BROKERS & SERVICE	0.63
XSLV	Invesco S&P SmallCap Low Volatility ETF	0.48

Most inversely correlated with RDN

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.40
FAZ	Direxion Daily Financial Bear 3x ETF	-0.28
SEF	ProShares Short Financials	-0.28
INSM	Insmed, Inc.PHARMACEUTICAL PREPARATIONS	-0.27
SKF	ProShares UltraShort Financials	-0.27

Frequently asked questions about RDN correlations

Which stocks are most correlated with RDN?: Based on one year of daily returns, the stocks most correlated with Radian Group Inc. (RDN) are ESNT (0.74), NMIH (0.73) and MTG (0.70). 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 RDN?: Over the past year, the stocks most inversely correlated with Radian Group Inc. (RDN) are SKRE (-0.40), FAZ (-0.28) and SEF (-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 RDN correlations calculated?: We compute the correlation of daily returns between RDN 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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