Sun Life Correlations
| LIE Stock | EUR 58.50 1.00 1.74% |
The current 90-days correlation between Sun Life Financial and Zurich Insurance Group is -0.03 (i.e., Good diversification). The correlation of Sun Life 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.
Sun Life Correlation With Market
Average diversification
The correlation between Sun Life Financial and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sun Life Financial and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sun Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sun Life when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sun Life - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sun Life Financial to buy it.
Moving together with Sun Stock
| 0.75 | BRYN | Berkshire Hathaway | PairCorr |
| 0.72 | BRH | Berkshire Hathaway | PairCorr |
| 0.79 | ZFI1 | Zurich Insurance | PairCorr |
| 0.65 | AINN | American International | PairCorr |
| 0.61 | ASG | Assicurazioni Generali | PairCorr |
| 0.8 | HFF | The Hartford Financial | PairCorr |
| 0.82 | PJM | PT Bumi Resources Earnings Call This Week | PairCorr |
| 0.7 | C6T | China Construction Bank | PairCorr |
| 0.62 | ICK | Industrial and Commercial | PairCorr |
| 0.85 | MOB | Monster Beverage Corp | PairCorr |
| 0.84 | UN3 | United Natural Foods | PairCorr |
| 0.88 | V71 | HUT 8 P | PairCorr |
| 0.81 | HEIA | HEIA | PairCorr |
| 0.74 | EK7 | AGRICUL BK CHINA | PairCorr |
| 0.82 | CM2 | CAL MAINE FOODS | PairCorr |
| 0.81 | SAP | SAP SE | PairCorr |
Moving against Sun Stock
| 0.73 | OB8 | PT Barito Pacific | PairCorr |
| 0.54 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.5 | BYRA | PT Bank Rakyat | PairCorr |
| 0.46 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.36 | RSK | Arch Capital Group | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sun Stock performing well and Sun 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 Sun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BRH | 0.86 | 0.17 | 0.02 | (0.64) | 0.94 | 1.70 | 7.18 | |||
| ZFI1 | 1.60 | 0.18 | 0.05 | 0.56 | 1.56 | 4.51 | 10.72 | |||
| 8SP | 2.14 | (0.19) | 0.00 | 0.38 | 0.00 | 3.38 | 20.22 | |||
| 6NM | 1.21 | 0.10 | (0.03) | (0.20) | 1.77 | 2.79 | 9.64 | |||
| 39O1 | 3.76 | 0.12 | 0.02 | 0.29 | 3.51 | 8.41 | 34.42 | |||
| 2DG | 3.82 | (1.75) | 0.00 | (7.86) | 0.00 | 6.06 | 52.42 | |||
| TLX | 0.97 | 0.04 | (0.07) | (5.94) | 1.13 | 2.67 | 7.58 | |||
| TM9 | 2.79 | (0.03) | (0.02) | 0.02 | 4.27 | 5.56 | 36.50 | |||
| INVN | 2.19 | 0.28 | 0.05 | (1.42) | 2.54 | 5.61 | 14.01 | |||
| IUI1 | 1.26 | 0.26 | 0.14 | 0.90 | 1.05 | 3.28 | 10.01 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sun Life without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Sun Life Corporate Management
Elected by the shareholders, the Sun Life's board of directors comprises two types of representatives: Sun Life inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sun. The board's role is to monitor Sun Life's management team and ensure that shareholders' interests are well served. Sun Life's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sun Life's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jacques Goulet | Pres Canada | Profile | |
| Laura Money | Chief VP | Profile | |
| Melissa Kennedy | Ex Affairs | Profile | |
| Daniel Fishbein | Pres US | Profile | |
| Leigh Chalmers | Sr Management | Profile | |
| Yaniv Bitton | Head VP | Profile | |
| Joe Hanlon | MD Officer | Profile |