Life Insurance Correlations

LINSA Stock

USD 15.50 0.50 3.33%

The current 90-days correlation between Life Insurance and Codexis is 0.18 (i.e., Average diversification). The correlation of Life Insurance 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.

Life Insurance Correlation With Market

Average diversification

The correlation between Life Insurance and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Life Insurance and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Life Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Life Insurance 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 Life Insurance - 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 Life Insurance to buy it.

Moving together with Life Pink Sheet

0.63	MULN	Mullen Automotive	Pair Corr
0.76	QLGN	Qualigen Therapeutics	Pair Corr
0.7	SGD	Safe and Green	Pair Corr
0.71	BTI	British American Tobacco	Pair Corr

Moving against Life Pink Sheet

0.79	CILJF	China Life Insurance	Pair Corr
0.71	PIAIF	Ping An Insurance	Pair Corr
0.63	PNGAY	Ping An Insurance	Pair Corr
0.48	MET	MetLife Normal Trading	Pair Corr
0.44	2881	Fubon Financial Holding Split	Pair Corr
0.87	ATYR	aTyr Pharma, Symbol Change	Pair Corr
0.78	EJTTF	easyJet plc	Pair Corr
0.75	TWKS	Thoughtworks Holding	Pair Corr
0.74	YUMC	Yum China Holdings	Pair Corr
0.69	SYM	Symbotic	Pair Corr
0.68	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.54	YNVYF	Ynvisible Interactive	Pair Corr
0.5	INOD	Innodata Downward Rally	Pair Corr
0.32	EPD	Enterprise Products	Pair Corr
0.87	ATR	AptarGroup	Pair Corr
0.72	KLIC	Kulicke and Soffa	Pair Corr
0.71	CRM	Salesforce	Pair Corr
0.69	TS	Tenaris SA ADR	Pair Corr
0.63	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.6	PRU	Prudential Financial	Pair Corr

Related Correlations Analysis

	AXTA	EMN	WMG	HP	CDXS	AVNT	CC	PTEN
AXTA		-0.04	0.7	0.6	0.91	0.75	0.63	0.09	AXTA
EMN	-0.04		0.37	0.13	-0.04	0.41	0.42	-0.3	EMN
WMG	0.7	0.37		0.65	0.73	0.71	0.47	-0.29	WMG
HP	0.6	0.13	0.65		0.65	0.6	0.52	0.26	HP
CDXS	0.91	-0.04	0.73	0.65		0.77	0.66	0.09	CDXS
AVNT	0.75	0.41	0.71	0.6	0.77		0.8	0.17	AVNT
CC	0.63	0.42	0.47	0.52	0.66	0.8		0.21	CC
PTEN	0.09	-0.3	-0.29	0.26	0.09	0.17	0.21		PTEN
	AXTA	EMN	WMG	HP	CDXS	AVNT	CC	PTEN

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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

CDXS	+ 0.91	AXTA
CC	+ 0.8	AVNT
AVNT	+ 0.77	CDXS
AVNT	+ 0.75	AXTA
CDXS	+ 0.73	WMG
AVNT	+ 0.71	WMG

High negative correlations

PTEN	- 0.3	EMN
PTEN	- 0.29	WMG
CDXS	- 0.04	EMN
EMN	- 0.04	AXTA

Risk-Adjusted Indicators

There is a big difference between Life Pink Sheet performing well and Life Insurance 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 Life Insurance'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
AXTA	1.23	0.09	0.06	0.20	1.22	(1.25)	2.81	(2.08)	10.92
EMN	1.09	(0.04)	(0.04)	0.08	1.28	(1.17)	2.78	(2.02)	7.31
WMG	0.90	0.14	0.03	0.68	1.65	(0.94)	2.15	(2.03)	11.14
HP	2.01	(0.10)	(0.02)	0.04	2.49	(2.08)	3.70	(4.82)	12.16
CDXS	3.05	0.40	0.15	0.33	2.79	(3.64)	9.28	(5.06)	18.89
AVNT	1.37	(0.07)	0.01	0.08	1.47	(1.50)	2.92	(2.41)	7.68
CC	2.27	0.05	0.05	0.15	2.15	(2.83)	4.67	(3.97)	18.86
PTEN	2.19	(0.36)	0.00	(0.08)	0.00	0.00	3.53	(4.36)	14.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in Life Insurance 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.

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