Genworth Financial Correlations

GNW Stock

USD 7.77 0.15 1.97%

The current 90-days correlation between Genworth Financial and Bim Birlesik Magazalar is -0.05 (i.e., Good diversification). The correlation of Genworth Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Genworth Financial Correlation With Market

Poor diversification

The correlation between Genworth Financial and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genworth Financial and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Genworth Stock please use our How to Invest in Genworth Financial guide.

Moving together with Genworth Stock

0.85	FG	FG Annuities Life	Pair Corr
0.69	GL	Globe Life	Pair Corr
0.73	BHF	Brighthouse Financial	Pair Corr
0.8	CNO	CNO Financial Group	Pair Corr
0.72	LNC	Lincoln National	Pair Corr
0.65	MET	MetLife	Pair Corr
0.74	MFC	Manulife Financial Corp	Pair Corr
0.65	GWLIF	Great West Lifeco	Pair Corr
0.8	PRI	Primerica	Pair Corr
0.75	PRU	Prudential Financial	Pair Corr
0.77	UNM	Unum Group	Pair Corr
0.81	C	Citigroup Aggressive Push	Pair Corr
0.81	L	Loews Corp	Pair Corr
0.62	V	Visa Class A	Pair Corr

Moving against Genworth Stock

0.54	MET-PE	MetLife Preferred Stock	Pair Corr
0.48	ABL	Abacus Life	Pair Corr
0.42	MET-PF	MetLife Preferred Stock	Pair Corr
0.58	BHFAO	Brighthouse Financial	Pair Corr
0.58	CNO-PA	CNO Financial Group	Pair Corr
0.52	KCLI	Kansas City Life	Pair Corr
0.36	GL-PD	Globe Life 425	Pair Corr
0.31	CSLI	Critical Solutions	Pair Corr

Related Correlations Analysis

	MSTSX	VIASP	SITKF	RWAYL	SEGI	BMBRF	SEIC	MSTRX
MSTSX		-0.11	0.79	0.55	0.15	0.63	0.44	-0.34	MSTSX
VIASP	-0.11		-0.13	0.54	0.67	0.28	0.64	-0.53	VIASP
SITKF	0.79	-0.13		0.55	0.29	0.77	0.47	-0.52	SITKF
RWAYL	0.55	0.54	0.55		0.69	0.74	0.84	-0.66	RWAYL
SEGI	0.15	0.67	0.29	0.69		0.61	0.92	-0.84	SEGI
BMBRF	0.63	0.28	0.77	0.74	0.61		0.76	-0.82	BMBRF
SEIC	0.44	0.64	0.47	0.84	0.92	0.76		-0.88	SEIC
MSTRX	-0.34	-0.53	-0.52	-0.66	-0.84	-0.82	-0.88		MSTRX
	MSTSX	VIASP	SITKF	RWAYL	SEGI	BMBRF	SEIC	MSTRX

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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

SEIC	+ 0.92	SEGI
SEIC	+ 0.84	RWAYL
SITKF	+ 0.79	MSTSX
BMBRF	+ 0.77	SITKF
SEIC	+ 0.76	BMBRF
BMBRF	+ 0.74	RWAYL

High negative correlations

MSTRX	- 0.88	SEIC
MSTRX	- 0.84	SEGI
MSTRX	- 0.82	BMBRF
MSTRX	- 0.66	RWAYL
MSTRX	- 0.53	VIASP
MSTRX	- 0.52	SITKF

Risk-Adjusted Indicators

There is a big difference between Genworth Stock performing well and Genworth Financial 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 Genworth Financial'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
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18
SITKF	5.58	1.06	0.14	3.03	5.02	(8.21)	14.29	(9.09)	32.64
RWAYL	0.13	0.03	(0.46)	2.12	0.00	(0.18)	0.32	(0.20)	1.21
SEGI	10.80	2.87	0.14	(1.04)	10.74	(18.08)	33.33	(25.00)	63.33
BMBRF	2.06	1.06	0.00	(12.38)	0.00	0.00	0.00	0.00	68.94
SEIC	0.80	0.18	0.17	0.34	0.61	(0.93)	1.57	(1.56)	7.23
MSTRX	0.19	(0.04)	0.00	2.31	0.00	0.00	0.45	(0.56)	1.44

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