MARKET COMPOSITE
Property/Casualty Insurance Stocks20-30-2024 21:30:00 PM
Price
$116.40
-0.88%
The list of companies include ACGL-Arch Capital Group Ltd, AFG-American Financial Group Inc, ALL-Allstate Corp (The), ARGO-Argo Group International Holdings Ltd, AXS-Axis Capital Holdings Ltd, CB-Chubb Limited, CINF-Cincinnati Financial Corp., CNFR-Conifer Holdings Inc, ERIE-Erie Indemnity Co., GBLI-Global Indemnity Group LLC, GLRE-Greenlight Capital Re Ltd, HALL-Hallmark Financial Services, Inc, HCI-HCI Group Inc, HRTG-Heritage Insurance Holdings Inc., ICCH-ICC Holdings Inc, JRVR-James River Group Holdings Ltd, KFS-Kingsway Financial Services Inc., L-Loews Corp., LMND-Lemonade Inc, MCY-Mercury General Corp., MHLD-Maiden Holdings Ltd, NMIH-NMI Holdings Inc, ORI-Old Republic International Corp., OXBR-Oxbridge Re Holdings Ltd, PGR-Progressive Corp., PLMR-Palomar Holdings Inc, RE-Everest Re Group Ltd, RLI-RLI Corp., RNR-RenaissanceRe Holdings Ltd, SAFT-Safety Insurance Group, Inc.
* Latest intraday update before market close @ 20:45:47 PM 02/20/2024
Summary
:
Average return is down -0.8%
Median return is down -0.5%
9 out of 32 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
MHLD -8.0%CNFR -7.1%UFCS -1.9%WTM -1.7%RNR -1.6%SIGI -1.4%GBLI -1.3%ERIE -1.3%

Aggregated price index with volume information

Summary:

  • Property/Casualty Insurance stocks down 0.9% on average while median return down 0.6% in a day
  • Property/Casualty Insurance stocks up 1.9% on average while median return up 1.0% in a week
  • Property/Casualty Insurance stocks up 5.9% on average while median return up 4.5% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
JRVR1.8%
6.6%
25.7%
7.821.731.81406.1M6%81%71/\213-0.3%
PLMR1.7%
22.3%
20.6%
26.670.315.1710.8341%1.9B5%97%79/\-Above resistance213-0.0%
LMND1.3%
5.5%
8.8%
-4.81-1.9769.531.3B28%33%58/\-366-0.0%
TRV1.2%
2.5%
4.0%
17.211.871.291.1222%50.4B2%85%77-/-/Above resistance2130.0%
GLRE0.6%
-0.8%
6.7%
4.710.670.57421.2M4%67%60\/\/2130.1%
UVE0.5%
3.8%
5.5%
7.350.920.3832%508.1M2%69%63\-\/4250.1%
HRTG0.2%
2.1%
-2.8%
0.550.39166.9M2%77%54-\/Below support2130.8%
MCY0.2%
25.8%
24.9%
29.180.411.530.792.8B3%42%83-/\/Above resistance2130.2%
PGR0.2%
3.9%
11.4%
41.1-1.783.111.21114%110.9B1%84%79/-/Above resistance2130.1%
AFG0.1%
0.8%
3.5%
12.165.941.541.33228%10.4B1%65%60/-\/At resistance1390.0%
RLI0.1%
0.2%
-1.7%
22.713.883.973.986.5B3%87%58/-/At resistance2130.0%
OXBR0.0%
1.0%
2.0%
1.899.806M1%4%49\152-0.2%
CB-0.2%
1.0%
5.6%
14.810.631.191.83813%102.2B1%90%72\/-/Above resistance2130.1%
AXS-0.3%
2.3%
11.2%
9.890.620.870.815.3B1%96%67\/-At resistance4250.0%
NMIH-0.4%
-4.9%
-3.7%
7.540.41.414.40-9%2.3B3%97%38\/\/2130.1%
ORI-0.5%
-1.6%
-5.7%
8.911.041.130.857.9B2%77%46\/\/At support2130.1%
L-0.6%
1.1%
2.3%
11.740.811.0716.4B1%65%59\/-/2130.1%
CINF-0.8%
0.4%
-0.3%
10.461.891.651.8617.4B5%70%54\/\-213-0.0%
SAFT-0.8%
1.7%
9.4%
40.950.971.321.331.3B2%80%64\/\-Above resistance2130.0%
WRB-0.8%
1.6%
8.8%
16.530.742.011.5521.1B1%72%65-/\/At resistance1470.3%
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
Detail Performance Summary
  • 1M winners are : Winners for past month are $JRVR 25.7%, $MCY 24.9%, $PLMR 20.6%, $PGR 11.4%, $AXS 11.2%
  • 1M losers are : Losers for past month are $NMIH -3.7%, $GBLI -5.3%, $ORI -5.7%, $CNFR -6.2%, $MHLD -9.4%
  • 1W winners are : Winners for past week are $MCY 25.8%, $PLMR 22.3%, $UFCS 6.7%, $JRVR 6.6%, $WTM 5.6%
  • 1W losers are : Losers for past week are $KFS -1.6%, $CNFR -1.6%, $NMIH -4.9%, $GBLI -6.2%, $MHLD -17.2%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 15.4%, for the past 3 months is 16.1%

In the past month for a 5 days rolling window, the highest corrrelation is 38.4%, the lowest correlation is 0.1%, the latest correlation is 38.4%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 75.1% between ORI and RLI

The lowest correlation is -62.7% between ACGL and GBLI

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