AMSF vs CINF: Correlation
How closely do AMERISAFE, Inc. (AMSF) and Cincinnati Financial (CINF) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMSF and CINF?
On 3 years of weekly data the AMSF/CINF correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 265.9 %².
In AMSF's tracked universe of 12 assets, CINF sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months CINF outperformed by 54.0 percentage points (-39.5% for AMSF against +14.5% for CINF).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AMSF vs CINF: side by side
| AMSF (AMERISAFE, Inc.) | CINF (Cincinnati Financial) | |
|---|---|---|
| 1-year return | -39.5% | +14.5% |
| 5-year return | -29.7% | +58.8% |
| Volatility (ann.) | 24.6% | 21.6% |
| Beta vs S&P 500 | 0.22 | 0.36 |
| Max drawdown (3Y) | -50.2% | -20.0% |
| Market cap | $0.5B | $26.5B |
| P/E (trailing) | 10.5 | 8.1 |
| Dividend yield | 6.09% | 2.10% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AMSF | CINF |
|---|---|---|
| 2022 | +6.1% | -7.9% |
| 2023 | -0.9% | +4.0% |
| 2024 | +19.6% | +42.5% |
| 2025 | -20.8% | +16.3% |
| 2026 | -30.2% | +6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMSF and CINF good diversifiers for each other?
Only partially. A correlation of 0.50 means AMSF and CINF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMSF and CINF?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.48 over the last year and 0.47 over 5 years.
Is CINF a good diversifier for AMSF?
Only partially. A correlation of 0.50 means AMSF and CINF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amsf-vs-cinf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amsf-vs-cinf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMSF correlations · CINF correlations
