Jackson Financial Correlations

JXN Stock

USD 103.21 1.33 1.31%

The current 90-days correlation between Jackson Financial and Unum Group is 0.59 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jackson Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jackson Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Jackson Financial Correlation With Market

Poor diversification

The correlation between Jackson Financial and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jackson 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 Jackson 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 interest.

To learn how to invest in Jackson Stock, please use our How to Invest in Jackson Financial guide.

Moving together with Jackson Stock

0.63	V	Visa Class A	Pair Corr
0.72	DIST	Distoken Acquisition	Pair Corr
0.82	AB	AllianceBernstein	Pair Corr
0.84	AC	Associated Capital	Pair Corr
0.91	BN	Brookfield Corp	Pair Corr
0.8	BX	Blackstone Group Normal Trading	Pair Corr
0.94	CG	Carlyle Group	Pair Corr
0.81	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.82	LC	LendingClub Corp	Pair Corr
0.85	LX	Lexinfintech Holdings	Pair Corr
0.86	MA	Mastercard	Pair Corr
0.75	MC	Moelis	Pair Corr
0.87	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.73	PX	P10 Inc	Pair Corr
0.86	QD	Qudian Inc	Pair Corr
0.92	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.82	TW	Tradeweb Markets	Pair Corr
0.69	WT	WisdomTree	Pair Corr
0.9	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.84	DYCQ	DT Cloud Acquisition	Pair Corr

Moving against Jackson Stock

0.71	RC	Ready Capital Corp Sell-off Trend	Pair Corr
0.7	PT	Pintec Technology	Pair Corr
0.55	RM	Regional Management Corp	Pair Corr
0.75	BRACU	Broad Capital Acquisition	Pair Corr
0.7	WU	Western Union	Pair Corr
0.63	XP	Xp Inc	Pair Corr
0.41	DMYY	dMY Squared Technology	Pair Corr
0.37	EMCGU	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	PRU	MET	UNM	MFC	PUK	CNO	BHFAP	FG	MET-PA	MET-PE
PRU		0.87	0.83	0.83	-0.18	0.77	0.08	0.69	-0.01	-0.29	PRU
MET	0.87		0.7	0.8	0.13	0.6	0.37	0.61	0.04	-0.1	MET
UNM	0.83	0.7		0.95	-0.38	0.92	0.0	0.72	0.0	-0.55	UNM
MFC	0.83	0.8	0.95		-0.24	0.89	0.19	0.74	0.07	-0.41	MFC
PUK	-0.18	0.13	-0.38	-0.24		-0.41	0.34	-0.12	-0.37	0.39	PUK
CNO	0.77	0.6	0.92	0.89	-0.41		-0.05	0.85	-0.01	-0.51	CNO
BHFAP	0.08	0.37	0.0	0.19	0.34	-0.05		-0.11	0.53	0.63	BHFAP
FG	0.69	0.61	0.72	0.74	-0.12	0.85	-0.11		-0.16	-0.42	FG
MET-PA	-0.01	0.04	0.0	0.07	-0.37	-0.01	0.53	-0.16		0.39	MET-PA
MET-PE	-0.29	-0.1	-0.55	-0.41	0.39	-0.51	0.63	-0.42	0.39		MET-PE
	PRU	MET	UNM	MFC	PUK	CNO	BHFAP	FG	MET-PA	MET-PE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

MFC	+ 0.95	UNM
CNO	+ 0.92	UNM
CNO	+ 0.89	MFC
MET	+ 0.87	PRU
FG	+ 0.85	CNO
UNM	+ 0.83	PRU

High negative correlations

MET-PE	- 0.55	UNM
MET-PE	- 0.51	CNO
MET-PE	- 0.42	FG
CNO	- 0.41	PUK
MET-PE	- 0.41	MFC
PUK	- 0.38	UNM

Risk-Adjusted Indicators

There is a big difference between Jackson Stock performing well and Jackson 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 Jackson 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
PRU	1.06	0.01	0.04	0.13	1.27	(1.15)	1.97	(2.05)	9.29
MET	1.02	0.08	0.08	0.18	1.36	(1.08)	2.31	(2.34)	9.20
UNM	1.04	0.38	0.43	0.42	0.09	(1.28)	3.79	(1.42)	9.41
MFC	0.89	0.20	0.24	0.31	0.51	(1.15)	2.23	(1.48)	6.21
PUK	1.62	(0.23)	0.00	(0.11)	0.00	0.00	2.78	(3.79)	13.38
CNO	1.33	0.08	0.14	0.16	1.12	(1.67)	3.01	(2.33)	13.72
BHFAP	0.72	(0.02)	(0.12)	0.03	0.87	(0.76)	1.46	(1.23)	4.08
FG	1.93	(0.06)	0.08	0.10	2.15	(2.30)	3.79	(3.81)	21.12
MET-PA	0.41	0.02	(0.17)	0.37	0.51	(0.46)	0.95	(0.81)	2.81
MET-PE	0.40	(0.05)	0.00	(0.20)	0.00	0.00	0.81	(0.92)	2.31

Jackson Financial Corporate Management

CFA CFA	Vice LLC	Profile
Michael Hicks	Chief Officer	Profile
Carrie Chelko	Executive Counsel	Profile
Dana Rapier	Senior Jackson	Profile
Elizabeth Werner	Head Relations	Profile
Stacey Schabel	Senior Executive	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC