Which stocks are most correlated with UFCS?

Based on one year of daily returns, the stocks most correlated with United Fire Group Inc. (UFCS) are HG (0.62), DGICA (0.59) and KIE (0.58). 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 UFCS?

Over the past year, the stocks most inversely correlated with United Fire Group Inc. (UFCS) are SKRE (-0.37), REK (-0.33) and DRV (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

United Fire Group Inc. (UFCS) — Stock Correlations & Overview

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

Stocks correlated with UFCS

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

Most correlated with UFCS

Symbol	Company	Correlation
HG	Hamilton Insurance Group, Ltd. Class B Common SharesFIRE, MARINE & CASUALTY INSURANCE	0.62
DGICA	Donegal Group IncFIRE, MARINE & CASUALTY INSURANCE	0.59
KIE	State Street SPDR S&P Insurance ETF	0.58
IAK	iShares U.S. Insurance ETF	0.57
ITIC	Investors Title CoTITLE INSURANCE	0.56

Most inversely correlated with UFCS

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.37
REK	ProShares Short Real Estate	-0.33
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.32
SRS	ProShares UltraShort Real Estate	-0.31
EZGO	EZGO Technologies Ltd. Ordinary Shares	-0.29

Frequently asked questions about UFCS correlations

Which stocks are most correlated with UFCS?: Based on one year of daily returns, the stocks most correlated with United Fire Group Inc. (UFCS) are HG (0.62), DGICA (0.59) and KIE (0.58). 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 UFCS?: Over the past year, the stocks most inversely correlated with United Fire Group Inc. (UFCS) are SKRE (-0.37), REK (-0.33) and DRV (-0.32). 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 UFCS correlations calculated?: We compute the correlation of daily returns between UFCS 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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