BusinessAugust 14, 2026

uncorrelated

un-kor-uh-LAY-ted

Definition

Not having a mutual relationship or connection, especially in finance, where an asset's performance does not depend on the movements of broader market cycles.

Etymology

Derived from the Latin prefix 'un-' (not) combined with 'correlation', which comes from the Latin 'correlatio' (a relation or mutual connection). It entered English to describe things that do not possess a reciprocal link.

In the news

The CEO highlights that nearly 20% of Palomar's portfolio is 'uncorrelated' to traditional market cycles, meaning these specific lines of business provide stability and diversification because they do not move in lockstep with the broader P&C industry.

Palomar (PLMR) Q2 2026 Earnings Call Transcript

Read the full article ↗

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