Safety Insurance Group Inc (SAFT) — Stock Correlations & Overview
Over the past year, SAFT has moved most closely with STAK, TMP, UVE. Explore the stocks most correlated and inversely correlated with SAFT below, along with its price, financials, and company profile.
Stocks correlated with SAFT
Correlation of daily returns. Higher positive values move with SAFT; negative values move opposite it. Informational only, not investment advice.
Most correlated with SAFT
| Symbol | Company | Correlation |
|---|---|---|
| STAK | STAK Inc. Class A Ordinary Shares | 0.49 |
| TMP | Tompkins Financial CorporationSTATE COMMERCIAL BANKS | 0.47 |
| UVE | UNIVERSAL INSURANCE HLDG, INC.FIRE, MARINE & CASUALTY INSURANCE | 0.47 |
| LVWR | LiveWire Group, Inc.MOTORCYCLES, BICYCLES & PARTS | 0.44 |
| BPRN | Princeton Bancorp, Inc. Common Stock (PA)STATE COMMERCIAL BANKS | 0.43 |
Most inversely correlated with SAFT
| Symbol | Company | Correlation |
|---|---|---|
| IFED | ETRACS IFED Invest with the Fed TR Index ETN | -0.46 |
| ZVRA | Zevra Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.40 |
| SXTC | China SXT Pharmaceuticals, Inc. Class A Ordinary Shares | -0.36 |
| RBNE | Robin Energy Ltd. Common Stock | -0.34 |
| CDXS | Codexis, Inc.INDUSTRIAL ORGANIC CHEMICALS | -0.30 |
Frequently asked questions about SAFT correlations
- Which stocks are most correlated with SAFT?
- Based on one year of daily returns, the stocks most correlated with Safety Insurance Group Inc (SAFT) are STAK (0.49), TMP (0.47) and UVE (0.47). 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 SAFT?
- Over the past year, the stocks most inversely correlated with Safety Insurance Group Inc (SAFT) are IFED (-0.46), ZVRA (-0.40) and SXTC (-0.36). 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 SAFT correlations calculated?
- We compute the correlation of daily returns between SAFT 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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