Which stocks are most correlated with SLDE?

Based on one year of daily returns, the stocks most correlated with Slide Insurance Holdings, Inc. Common Stock (SLDE) are KIE (0.48), UVE (0.46) and HCI (0.45). 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 SLDE?

Over the past year, the stocks most inversely correlated with Slide Insurance Holdings, Inc. Common Stock (SLDE) are HDGE (-0.31), DWSH (-0.28) and SKRE (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.

Slide Insurance Holdings, Inc. Common Stock (SLDE) — Stock Correlations & Overview

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

Stocks correlated with SLDE

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

Most correlated with SLDE

Symbol	Company	Correlation
KIE	State Street SPDR S&P Insurance ETF	0.48
UVE	UNIVERSAL INSURANCE HLDG, INC.FIRE, MARINE & CASUALTY INSURANCE	0.46
HCI	HCI Group, Inc.FIRE, MARINE & CASUALTY INSURANCE	0.45
BOW	Bowhead Specialty Holdings Inc.FIRE, MARINE & CASUALTY INSURANCE	0.43
IAK	iShares U.S. Insurance ETF	0.43

Most inversely correlated with SLDE

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.31
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.28
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.28
FAZ	Direxion Daily Financial Bear 3x ETF	-0.28
SKF	ProShares UltraShort Financials	-0.28

Frequently asked questions about SLDE correlations

Which stocks are most correlated with SLDE?: Based on one year of daily returns, the stocks most correlated with Slide Insurance Holdings, Inc. Common Stock (SLDE) are KIE (0.48), UVE (0.46) and HCI (0.45). 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 SLDE?: Over the past year, the stocks most inversely correlated with Slide Insurance Holdings, Inc. Common Stock (SLDE) are HDGE (-0.31), DWSH (-0.28) and SKRE (-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 SLDE correlations calculated?: We compute the correlation of daily returns between SLDE 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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