Which stocks are most correlated with UVE?

Based on one year of daily returns, the stocks most correlated with UNIVERSAL INSURANCE HLDG, INC. (UVE) are IAK (0.59), KIE (0.58) and HRTG (0.57). 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 UVE?

Over the past year, the stocks most inversely correlated with UNIVERSAL INSURANCE HLDG, INC. (UVE) are CHSN (-0.29), FAZ (-0.28) and SKF (-0.27). A negative correlation means the two stocks have tended to move in opposite directions.

UNIVERSAL INSURANCE HLDG, INC. (UVE) — Stock Correlations & Overview

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

Stocks correlated with UVE

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

Most correlated with UVE

Symbol	Company	Correlation
IAK	iShares U.S. Insurance ETF	0.59
KIE	State Street SPDR S&P Insurance ETF	0.58
HRTG	HERITAGE INSURANCE HOLDINGS INCFIRE, MARINE & CASUALTY INSURANCE	0.57
KBWP	Invesco KBW Property & Casualty Insurance ETFINVESTMENT ADVICE	0.57
HCI	HCI Group, Inc.FIRE, MARINE & CASUALTY INSURANCE	0.54

Most inversely correlated with UVE

Symbol	Company	Correlation
CHSN	Chanson International Holding Class A Ordinary Shares	-0.29
FAZ	Direxion Daily Financial Bear 3x ETF	-0.28
SKF	ProShares UltraShort Financials	-0.27
SEF	ProShares Short Financials	-0.26
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.26

Frequently asked questions about UVE correlations

Which stocks are most correlated with UVE?: Based on one year of daily returns, the stocks most correlated with UNIVERSAL INSURANCE HLDG, INC. (UVE) are IAK (0.59), KIE (0.58) and HRTG (0.57). 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 UVE?: Over the past year, the stocks most inversely correlated with UNIVERSAL INSURANCE HLDG, INC. (UVE) are CHSN (-0.29), FAZ (-0.28) and SKF (-0.27). 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 UVE correlations calculated?: We compute the correlation of daily returns between UVE 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.