Globe Life Correlations

GL Stock

USD 143.44 3.22 2.30%

The current 90-days correlation between Globe Life and Unum Group is 0.51 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Globe Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globe Life moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Globe Life Correlation With Market

Very poor diversification

The correlation between Globe Life and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Globe Life and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Globe Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.

Moving together with Globe Stock

0.72	UNM	Unum Group Earnings Call This Week	Pair Corr
0.68	ELLA	Ecclesiastical Insurance	Pair Corr
0.74	GPOVF	Grupo Carso SAB	Pair Corr
0.7	AHH	Armada Hflr Pr	Pair Corr
0.63	AAUKF	Anglo American plc	Pair Corr
0.69	UMICY	Umicore SA ADR	Pair Corr
0.89	FEIM	Frequency Electronics	Pair Corr
0.87	ZION	Zions Bancorporation	Pair Corr
0.74	TRMK	Trustmark	Pair Corr
0.65	G	Genpact Limited Earnings Call This Week	Pair Corr
0.83	ARNNY	ASR Nederland NV	Pair Corr
0.66	CMTV	Community Bancorp Common Normal Trading	Pair Corr

Moving against Globe Stock

0.84	ORGN	Origin Materials	Pair Corr
0.52	BIGGQ	Big Lots,	Pair Corr
0.37	CADLF	Cadeler A/S	Pair Corr
0.36	NPRFF	Nepra Foods	Pair Corr

Related Correlations Analysis

	UNM	PRI	AIZ	LNC	AFG	ORI	AEG	GGAL	MET
UNM		0.47	0.69	0.47	0.34	0.48	-0.03	0.22	0.39	UNM
PRI	0.47		0.47	0.19	-0.29	0.3	-0.06	0.08	0.19	PRI
AIZ	0.69	0.47		0.59	0.15	0.65	0.23	0.0	0.33	AIZ
LNC	0.47	0.19	0.59		0.21	0.53	0.02	0.02	0.85	LNC
AFG	0.34	-0.29	0.15	0.21		0.5	-0.02	-0.25	0.14	AFG
ORI	0.48	0.3	0.65	0.53	0.5		0.09	-0.46	0.24	ORI
AEG	-0.03	-0.06	0.23	0.02	-0.02	0.09		0.18	-0.04	AEG
GGAL	0.22	0.08	0.0	0.02	-0.25	-0.46	0.18		0.17	GGAL
MET	0.39	0.19	0.33	0.85	0.14	0.24	-0.04	0.17		MET
	UNM	PRI	AIZ	LNC	AFG	ORI	AEG	GGAL	MET

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MET	+ 0.85	LNC
AIZ	+ 0.69	UNM
ORI	+ 0.65	AIZ
LNC	+ 0.59	AIZ
ORI	+ 0.53	LNC
ORI	+ 0.5	AFG

High negative correlations

GGAL	- 0.46	ORI
AFG	- 0.29	PRI
GGAL	- 0.25	AFG
AEG	- 0.06	PRI
MET	- 0.04	AEG
AEG	- 0.03	UNM

Risk-Adjusted Indicators

There is a big difference between Globe Stock performing well and Globe Life Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Globe Life's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UNM	0.94	0.03	0.00	0.15	0.95	(1.25)	1.99	(1.81)	10.28
PRI	0.80	0.00	(0.03)	0.04	1.03	(0.78)	1.53	(1.89)	4.19
AIZ	0.75	0.21	0.18	0.80	0.69	(0.82)	2.07	(1.65)	5.46
LNC	1.27	0.04	0.03	0.07	1.70	(1.28)	2.74	(3.34)	8.21
AFG	0.84	0.02	(0.02)	(0.32)	1.03	(0.90)	1.79	(1.70)	6.99
ORI	1.15	0.09	0.02	1.08	2.10	(1.14)	2.11	(2.41)	12.07
AEG	1.16	0.04	0.01	0.10	2.09	(1.11)	2.39	(2.18)	11.41
GGAL	2.28	0.04	0.02	0.08	2.23	(2.79)	5.15	(3.57)	14.73
MET	1.10	(0.03)	(0.01)	0.03	1.34	(1.25)	2.57	(1.58)	7.07

Globe Life Corporate Management

Shane Henrie	Corporate Officer	Profile
Pamela Ramirez	Corporate Senior Vice President - Enterprise Transformation	Profile
James Brannen	Independent Director	Profile
Mary Thigpen	Independent Director	Profile

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