National Western Correlations
| NWLIDelisted Stock | USD 499.98 0.28 0.06% |
The current 90-days correlation between National Western Life and CNO Financial Group is 0.12 (i.e., Average diversification). The correlation of National Western 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.
National Western Correlation With Market
Significant diversification
The correlation between National Western Life and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Western Life and DJI in the same portfolio, assuming nothing else is changed.
National |
Moving together with National Stock
| 0.71 | WMT | Walmart Aggressive Push | PairCorr |
| 0.64 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.85 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.63 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.81 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
Moving against National Stock
| 0.77 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.77 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.68 | QLGN | Qualigen Therapeutics Trending | PairCorr |
| 0.58 | SGD | Safe and Green | PairCorr |
| 0.4 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.38 | BA | Boeing Fiscal Year End 29th of January 2025 | 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 National Stock performing well and National Western 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 National Western'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AEL | 1.40 | 0.57 | 0.31 | (1.87) | 0.65 | 2.87 | 17.90 | |||
| MET-PA | 0.41 | 0.01 | (0.17) | 0.21 | 0.51 | 0.95 | 2.81 | |||
| MDWT | 2.66 | 1.50 | 1.16 | (0.96) | 0.00 | 1.26 | 87.92 | |||
| PUK | 1.62 | (0.23) | 0.00 | (0.11) | 0.00 | 2.76 | 13.38 | |||
| CNO | 1.29 | 0.06 | 0.12 | 0.15 | 1.13 | 2.75 | 13.72 | |||
| FG | 1.86 | (0.10) | 0.06 | 0.08 | 2.16 | 3.72 | 21.12 | |||
| VERY | 0.26 | 0.00 | (0.25) | 0.14 | 0.33 | 0.71 | 1.85 | |||
| BHFAM | 0.82 | 0.00 | (0.07) | 0.11 | 1.08 | 1.88 | 6.05 | |||
| JXN | 1.78 | (0.01) | 0.07 | 0.12 | 2.18 | 4.62 | 20.40 |
National Western Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with National Western stock to make a market-neutral strategy. Peer analysis of National Western could also be used in its relative valuation, which is a method of valuing National Western by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
National Western Corporate Executives
Elected by the shareholders, the National Western's board of directors comprises two types of representatives: National Western inside directors who are chosen from within the company, and outside directors, selected externally and held independent of National. The board's role is to monitor National Western's management team and ensure that shareholders' interests are well served. National Western'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, National Western's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Brian Pribyl | CFO, Sr. VP and Treasurer | Profile |
Still Interested in National Western Life?
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