Sun Life Correlations

SLF Stock

3,750 50.00 1.35%

The current 90-days correlation between Sun Life Financial and Manulife Financial Corp is -0.18 (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

Poor diversification

The correlation between Sun Life Financial and DJI is 0.72 (i.e., Poor 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.

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

0.62	MFC	Manulife Financial Corp	Pair Corr
0.79	AC	Ayala Corp	Pair Corr
0.61	BDO	BDO Unibank	Pair Corr
0.84	AEV	Aboitiz Equity Ventures	Pair Corr
0.73	FLI	Filinvest Land	Pair Corr
0.74	URC	Universal Robina Corp	Pair Corr
0.7	COSCO	Cosco Capital	Pair Corr
0.71	MBT	Metropolitan Bank Trust	Pair Corr
0.79	CEBCP	Cebu Air Preferred	Pair Corr
0.84	EW	East West Banking	Pair Corr
0.81	GMA7	GMA Network	Pair Corr
0.71	FPH	First Philippine Holdings	Pair Corr
0.7	CEB	Cebu Air	Pair Corr
0.68	ACR	Alsons Consolidated	Pair Corr
0.66	AGI	Alliance Global Group	Pair Corr
0.76	APX	Apex Mining	Pair Corr
0.76	PNB	Philippine National Bank	Pair Corr

Moving against Sun Stock

0.53

ECP

Easycall Communications

Pair Corr

Related Correlations Analysis

	MFC	SLF	NRCP	VLL	OPM	ACENA	AC	URC	AREIT	MONDE
MFC		0.62	0.67	0.54	0.55	0.43	0.77	0.51	0.65	0.34	MFC
SLF	0.62		0.47	0.63	0.5	0.41	0.79	0.74	0.38	0.47	SLF
NRCP	0.67	0.47		0.66	0.38	0.22	0.7	0.44	0.75	0.43	NRCP
VLL	0.54	0.63	0.66		0.42	0.35	0.75	0.68	0.56	0.32	VLL
OPM	0.55	0.5	0.38	0.42		0.52	0.54	0.49	0.41	0.07	OPM
ACENA	0.43	0.41	0.22	0.35	0.52		0.52	0.41	0.45	0.19	ACENA
AC	0.77	0.79	0.7	0.75	0.54	0.52		0.79	0.65	0.57	AC
URC	0.51	0.74	0.44	0.68	0.49	0.41	0.79		0.37	0.37	URC
AREIT	0.65	0.38	0.75	0.56	0.41	0.45	0.65	0.37		0.39	AREIT
MONDE	0.34	0.47	0.43	0.32	0.07	0.19	0.57	0.37	0.39		MONDE
	MFC	SLF	NRCP	VLL	OPM	ACENA	AC	URC	AREIT	MONDE

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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
MFC	2.63	0.42	0.06	(0.85)	3.23	(3.60)	8.20	(6.00)	23.25
SLF	1.23	0.15	0.03	3.30	1.70	(1.73)	2.86	(2.78)	9.98
NRCP	2.11	0.32	0.10	1.22	1.82	(3.66)	5.26	(3.70)	25.31
VLL	2.72	0.60	0.09	(0.30)	3.70	(3.41)	5.08	(3.53)	33.15
OPM	3.14	0.31	0.02	(0.25)	3.68	(8.90)	9.09	(8.33)	17.42
ACENA	0.37	0.02	(0.05)	(0.68)	0.48	(0.50)	0.99	(0.99)	2.57
AC	1.82	0.28	0.11	0.68	1.93	(2.03)	3.62	(3.80)	7.94
URC	1.55	(0.01)	(0.02)	0.03	1.93	(1.78)	3.17	(2.95)	7.67
AREIT	0.96	0.08	0.01	1.65	1.31	(1.14)	3.72	(2.65)	8.33
MONDE	1.32	0.04	0.00	0.20	1.84	(1.25)	2.54	(2.83)	8.37

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.

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