Sun Life Correlations
| SLF Stock | USD 61.39 0.58 0.95% |
The current 90-days correlation between Sun Life Financial and Hartford Financial Services is 0.32 (i.e., Weak 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 weak diversification
The correlation between Sun Life Financial and DJI is 0.52 (i.e., Very weak 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.
Sun |
Moving together with Sun Stock
| 0.67 | AEG | Aegon NV ADR | PairCorr |
| 0.69 | EQH | Axa Equitable Holdings | PairCorr |
| 0.73 | GSHD | Goosehead Insurance | PairCorr |
| 0.78 | IGIC | International General | PairCorr |
| 0.62 | HIG-PG | The Hartford Financial | PairCorr |
| 0.8 | ATH-PE | Athene Holding | PairCorr |
| 0.75 | ATH-PC | Athene Holding | PairCorr |
| 0.72 | C | Citigroup Aggressive Push | PairCorr |
| 0.73 | V | Visa Class A | PairCorr |
| 0.7 | DHIL | Diamond Hill Investment | PairCorr |
| 0.81 | DIST | Distoken Acquisition | PairCorr |
| 0.65 | AC | Associated Capital | PairCorr |
| 0.8 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.86 | BN | Brookfield Corp | PairCorr |
| 0.81 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.7 | CG | Carlyle Group | PairCorr |
| 0.83 | CM | Canadian Imperial Bank Fiscal Year End 5th of December 2024 | PairCorr |
Related Correlations Analysis
| -0.05 | 0.28 | 0.28 | 0.3 | 0.54 | HIG | ||
| -0.05 | 0.64 | 0.58 | -0.4 | 0.31 | ESGR | ||
| 0.28 | 0.64 | 0.69 | -0.36 | 0.38 | AIG | ||
| 0.28 | 0.58 | 0.69 | -0.69 | 0.38 | EQH | ||
| 0.3 | -0.4 | -0.36 | -0.69 | 0.03 | ACGL | ||
| 0.54 | 0.31 | 0.38 | 0.38 | 0.03 | BRK-B | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HIG | 0.87 | 0.02 | 0.01 | 0.11 | 1.63 | 1.94 | 9.07 | |||
| ESGR | 0.29 | (0.02) | (0.19) | 0.01 | 0.40 | 0.68 | 2.06 | |||
| AIG | 0.96 | (0.05) | (0.05) | 0.03 | 1.21 | 1.64 | 8.30 | |||
| EQH | 1.23 | 0.06 | 0.11 | 0.11 | 1.13 | 2.71 | 17.41 | |||
| ACGL | 1.25 | (0.13) | 0.00 | (0.02) | 0.00 | 2.05 | 9.16 | |||
| BRK-B | 0.74 | (0.02) | (0.02) | 0.07 | 0.88 | 1.35 | 7.23 |