RYAN Ryan Specialty Holdings, Inc.

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

RYAN vs AJG

Both indexed to 100 at 2026-05-11.

RYAN AJG · range 97–155 · 2026-05-11 → 2026-11-06

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

AJG Arthur J. Gallagher & Co.

ρ +0.65beyond mkt +0.42holdout +0.71stable 100%robust

BRO Brown & Brown, Inc.

ρ +0.64beyond mkt +0.38holdout +0.70stable 100%robust

KIE State Street SPDR S&P Insurance ETF

ρ +0.61beyond mkt +0.36holdout +0.66stable 100%robust

AON Aon plc Class A

ρ +0.61beyond mkt +0.34holdout +0.65stable 100%robust

MRSH Marsh

ρ +0.60beyond mkt +0.31holdout +0.67stable 100%robust

KNSL Kinsale Capital Group, Inc.

ρ +0.57beyond mkt +0.31holdout +0.67stable 100%robust

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

FFIV F5, Inc. Common Stock

Δ -0.53recent -0.38prior +0.15beyond mkt +0.04

ARBE Arbe Robotics Ltd. Ordinary Shares

Δ -0.51recent -0.50prior +0.01beyond mkt +0.04

OKTA Okta, Inc. Class A Common Stock

Δ -0.50recent -0.35prior +0.16beyond mkt -0.03

VBIO Valion Bio, Inc. Common Stock

Δ -0.49recent -0.36prior +0.13beyond mkt +0.04

RSBT Return Stacked Bonds & Managed Futures ETF

Δ -0.47recent -0.44prior +0.03beyond mkt +0.02

RCAT Red Cat Holdings, Inc. Common Stock

Δ -0.47recent -0.40prior +0.07beyond mkt +0.09

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

Symbol	beyond mkt	raw ρ	shared
KIE State Street SPDR S&P Insurance ETF	+0.36	+0.61	5
BRO Brown & Brown, Inc.	+0.38	+0.64	14
AJG Arthur J. Gallagher & Co.	+0.42	+0.65	18