Sun Life Correlations

SLF Stock

USD 66.34 1.49 2.20%

The current 90-days correlation between Sun Life Financial and American International Group is 0.1 (i.e., Average 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

Very poor diversification

The correlation between Sun Life Financial and DJI is 0.8 (i.e., Very 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.

Build AI portfolio with Sun Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Life Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Sun Stock

0.88	GL	Globe Life	Pair Corr
0.78	75C	China Pacific Insurance	Pair Corr
0.82	PZXB	PING AN INSURANCH	Pair Corr
0.72	JUST	Just Group plc	Pair Corr
0.73	XBLA	Bangkok Life Assurance	Pair Corr
0.86	6DE	CHESNARA PLC LS	Pair Corr
0.72	MLU	Manulife Financial	Pair Corr
0.71	CNO	CNO Financial Group	Pair Corr
0.79	MFC	Manulife Financial Corp	Pair Corr
0.78	PFG	Principal Financial	Pair Corr
0.7	PUK	Prudential PLC ADR	Pair Corr
0.78	HIUC	China Taiping Insurance	Pair Corr
0.87	TZ6	TD Holdings	Pair Corr
0.8	1BF	Phoenix Group Holdings	Pair Corr
0.85	PZX	Ping An Insurance	Pair Corr
0.91	D3H	Discovery Limited	Pair Corr
0.91	WUW	Wüstenrot Württembergische	Pair Corr
0.8	CHL	China Life Insurance	Pair Corr
0.76	NCL	New China Life	Pair Corr
0.85	SFC	Alignvest Acquisition	Pair Corr

Moving against Sun Stock

0.88	BROC	Brighthouse Financial Earnings Call This Week	Pair Corr
0.87	BHF	Brighthouse Financial Earnings Call This Week	Pair Corr
0.68	FG	FG Annuities Life	Pair Corr
0.31	BRK-A	Berkshire Hathaway Earnings Call This Week	Pair Corr
0.83	NHF	NIB Holdings Earnings Call This Week	Pair Corr
0.42	OSCR	Oscar Health Aggressive Push	Pair Corr

Related Correlations Analysis

	EQH	AIG	ACGL	ORI	HIG	GSHD	ESGR	ACGLO	AXAHY	IGIC
EQH		0.57	0.06	0.43	0.14	0.52	0.13	-0.39	0.77	0.32	EQH
AIG	0.57		0.37	0.56	0.52	0.32	-0.11	-0.7	0.74	0.5	AIG
ACGL	0.06	0.37		0.15	0.87	-0.48	0.56	-0.02	0.52	0.81	ACGL
ORI	0.43	0.56	0.15		0.47	0.3	-0.18	-0.7	0.42	0.14	ORI
HIG	0.14	0.52	0.87	0.47		-0.35	0.3	-0.28	0.53	0.66	HIG
GSHD	0.52	0.32	-0.48	0.3	-0.35		-0.52	-0.57	0.25	-0.3	GSHD
ESGR	0.13	-0.11	0.56	-0.18	0.3	-0.52		0.52	0.35	0.6	ESGR
ACGLO	-0.39	-0.7	-0.02	-0.7	-0.28	-0.57	0.52		-0.43	-0.05	ACGLO
AXAHY	0.77	0.74	0.52	0.42	0.53	0.25	0.35	-0.43		0.69	AXAHY
IGIC	0.32	0.5	0.81	0.14	0.66	-0.3	0.6	-0.05	0.69		IGIC
	EQH	AIG	ACGL	ORI	HIG	GSHD	ESGR	ACGLO	AXAHY	IGIC

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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

HIG	+ 0.87	ACGL
IGIC	+ 0.81	ACGL
AXAHY	+ 0.77	EQH
AXAHY	+ 0.74	AIG
IGIC	+ 0.69	AXAHY
IGIC	+ 0.66	HIG

High negative correlations

ACGLO	- 0.7	ORI
ACGLO	- 0.7	AIG
ACGLO	- 0.57	GSHD
ESGR	- 0.52	GSHD
GSHD	- 0.48	ACGL
AXAHY	- 0.43	ACGLO

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
EQH	1.33	(0.04)	(0.01)	0.02	1.76	(1.33)	2.67	(2.52)	7.44
AIG	1.16	0.07	0.02	0.32	1.79	(1.15)	2.48	(2.37)	13.58
ACGL	0.91	0.13	0.06	(7.13)	1.21	(0.97)	1.86	(2.04)	8.26
ORI	1.15	0.12	0.03	5.46	2.04	(1.15)	2.47	(1.95)	12.07
HIG	0.84	0.13	0.09	0.47	0.83	(0.86)	1.96	(1.52)	6.38
GSHD	2.21	(0.47)	0.00	(0.50)	0.00	0.00	5.56	(6.88)	20.83
ESGR	0.15	0.01	(0.16)	0.26	0.07	(0.17)	0.37	(0.20)	0.85
ACGLO	0.39	0.00	(0.05)	0.06	0.48	(0.46)	0.72	(0.87)	2.61
AXAHY	0.87	0.03	0.01	0.11	1.12	(0.87)	2.11	(1.72)	5.45
IGIC	0.84	0.17	0.09	5.67	1.07	(0.86)	1.88	(1.31)	6.26

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