BWIN The Baldwin Insurance Group, Inc. Class A Common Stock

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

BWIN vs GSHD

Both indexed to 100 at 2026-05-11.

BWIN GSHD · range 86–182 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

GSHD Goosehead Insurance, Inc. Class A Common Stock

ρ +0.54beyond mkt +0.39holdout +0.52stable 100%robust

KIE State Street SPDR S&P Insurance ETF

ρ +0.54beyond mkt +0.36holdout +0.50stable 100%robust

BRO Brown & Brown, Inc.

ρ +0.49beyond mkt +0.32holdout +0.56stable 100%robust

RYAN Ryan Specialty Holdings, Inc.

ρ +0.45beyond mkt +0.27holdout +0.40stable 88%robust

KNSL Kinsale Capital Group, Inc.

ρ +0.46beyond mkt +0.26holdout +0.46stable 100%robust

TWFG TWFG, Inc. Class A Common Stock

ρ +0.43beyond mkt +0.25holdout +0.45stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

ROP Roper Technologies, Inc. Common Stock

horizon 10dρ +0.43holdout +0.31stable 75%robust

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

SAFT Safety Insurance Group, Inc. Common Stock

Δ -0.50recent -0.19prior +0.31beyond mkt +0.12

COLL Collegium Pharmaceutical, Inc. Common Stock

Δ -0.49recent -0.30prior +0.19beyond mkt -0.05

BKH Black Hills Corporation

Δ -0.49recent -0.30prior +0.19beyond mkt -0.03

HIG The Hartford Insurance Group, Inc.

Δ -0.42recent -0.04prior +0.38beyond mkt +0.07

L Loews Corporation

Δ -0.41recent -0.03prior +0.38beyond mkt +0.12

AXS Axis Capital Holders Limited

Δ -0.40recent +0.02prior +0.42beyond mkt +0.20

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
KIE State Street SPDR S&P Insurance ETF	+0.36	+0.54	6
GSHD Goosehead Insurance, Inc. Class A Common Stock	+0.39	+0.54	13