Lincoln National Correlations

LNC-PD Preferred Stock

27.97 0.16 0.58%

The current 90-days correlation between Lincoln National and FG Annuities Life is -0.07 (i.e., Good diversification). The correlation of Lincoln National 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.

Lincoln National Correlation With Market

Average diversification

The correlation between Lincoln National 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 Lincoln National and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lincoln Preferred Stock

0.71	GL	Globe Life	Pair Corr
0.71	CIA	Citizens	Pair Corr
0.78	MET	MetLife	Pair Corr
0.7	MFC	Manulife Financial Corp	Pair Corr
0.62	PRU	Prudential Financial	Pair Corr
0.89	JXN-PA	Jackson Financial	Pair Corr
0.66	GL-PD	Globe Life 425	Pair Corr
0.79	BHFAP	Brighthouse Financial	Pair Corr
0.76	BHFAN	Brighthouse Financial	Pair Corr
0.68	BHFAM	Brighthouse Financial	Pair Corr

Moving against Lincoln Preferred Stock

0.42	ABL	Abacus Life	Pair Corr
0.68	AVVIY	Aviva PLC ADR	Pair Corr
0.68	AXAHY	Axa SA ADR	Pair Corr
0.35	KCLI	Kansas City Life	Pair Corr

Related Correlations Analysis

	FG	GL	MET-PA	MET-PE	MET-PF	ABL	AFL	BHF	CIA	CNO
FG		0.68	-0.14	-0.34	-0.19	-0.34	0.44	0.71	0.39	0.85	FG
GL	0.68		0.3	0.0	0.17	-0.44	0.54	0.68	0.63	0.72	GL
MET-PA	-0.14	0.3		0.41	0.42	-0.06	-0.07	-0.11	0.03	0.02	MET-PA
MET-PE	-0.34	0.0	0.41		0.82	0.48	0.1	-0.43	-0.07	-0.45	MET-PE
MET-PF	-0.19	0.17	0.42	0.82		0.44	0.36	-0.41	0.04	-0.34	MET-PF
ABL	-0.34	-0.44	-0.06	0.48	0.44		0.01	-0.79	-0.67	-0.68	ABL
AFL	0.44	0.54	-0.07	0.1	0.36	0.01		0.18	0.35	0.2	AFL
BHF	0.71	0.68	-0.11	-0.43	-0.41	-0.79	0.18		0.73	0.89	BHF
CIA	0.39	0.63	0.03	-0.07	0.04	-0.67	0.35	0.73		0.57	CIA
CNO	0.85	0.72	0.02	-0.45	-0.34	-0.68	0.2	0.89	0.57		CNO
	FG	GL	MET-PA	MET-PE	MET-PF	ABL	AFL	BHF	CIA	CNO

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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

CNO	+ 0.89	BHF
CNO	+ 0.85	FG
MET-PF	+ 0.82	MET-PE
CIA	+ 0.73	BHF
CNO	+ 0.72	GL
BHF	+ 0.71	FG

High negative correlations

BHF	- 0.79	ABL
CNO	- 0.68	ABL
CIA	- 0.67	ABL
CNO	- 0.45	MET-PE
ABL	- 0.44	GL
BHF	- 0.43	MET-PE

Risk-Adjusted Indicators

There is a big difference between Lincoln Preferred Stock performing well and Lincoln National 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 Lincoln National'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
FG	1.90	(0.03)	0.07	0.09	2.13	(2.29)	3.79	(3.81)	21.12
GL	1.12	0.07	0.04	0.16	1.50	(1.12)	1.91	(2.16)	8.50
MET-PA	0.41	0.01	(0.16)	0.19	0.52	(0.46)	0.95	(0.81)	2.81
MET-PE	0.40	(0.05)	0.00	(0.27)	0.00	0.00	0.81	(0.92)	2.31
MET-PF	0.62	(0.03)	0.00	(0.90)	0.00	0.00	1.12	(1.31)	4.96
ABL	2.03	(0.25)	0.00	(0.66)	0.00	0.00	5.10	(4.90)	14.17
AFL	0.85	0.02	0.00	0.12	1.24	(0.84)	1.52	(1.53)	6.76
BHF	1.39	0.02	0.07	0.11	1.65	(1.43)	2.89	(2.85)	15.28
CIA	3.44	0.82	0.14	(14.73)	4.51	(3.94)	8.63	(8.12)	34.37
CNO	1.32	0.11	0.15	0.16	1.12	(1.64)	3.01	(2.33)	13.72

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Our tools can tell you how much better you can do entering a position in Lincoln National 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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