Sun Life Correlations

SLF Stock

USD 63.05 0.22 0.35%

The current 90-days correlation between Sun Life Financial and American International Group is 0.09 (i.e., Significant 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 0.66 (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.

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 various price indices.

Moving together with Sun Stock

0.7	AA	Alcoa Corp	Pair Corr
0.81	BA	Boeing	Pair Corr

Moving against Sun Stock

0.69	FSTF	First State Financial	Pair Corr
0.62	T	ATT Inc Earnings Call This Week	Pair Corr
0.49	MMM	3M Company	Pair Corr
0.46	ERHE	ERHC Energy	Pair Corr
0.46	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.39	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	EQH	AIG	ACGL	ORI	HIG	GSHD	ESGR	ACGLO	AXAHY	IGIC
EQH		0.59	0.35	0.28	0.34	0.41	0.0	-0.24	0.72	0.33	EQH
AIG	0.59		0.54	0.47	0.61	0.43	0.0	-0.68	0.75	0.53	AIG
ACGL	0.35	0.54		0.58	0.91	0.53	0.0	-0.62	0.81	0.74	ACGL
ORI	0.28	0.47	0.58		0.81	0.49	0.0	-0.76	0.58	0.75	ORI
HIG	0.34	0.61	0.91	0.81		0.56	0.0	-0.77	0.75	0.75	HIG
GSHD	0.41	0.43	0.53	0.49	0.56		0.0	-0.47	0.56	0.35	GSHD
ESGR	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ESGR
ACGLO	-0.24	-0.68	-0.62	-0.76	-0.77	-0.47	0.0		-0.57	-0.58	ACGLO
AXAHY	0.72	0.75	0.81	0.58	0.75	0.56	0.0	-0.57		0.73	AXAHY
IGIC	0.33	0.53	0.74	0.75	0.75	0.35	0.0	-0.58	0.73		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	+ 0.91	ACGL
AXAHY	+ 0.81	ACGL
HIG	+ 0.81	ORI
AXAHY	+ 0.75	AIG
IGIC	+ 0.75	ORI
AXAHY	+ 0.75	HIG

High negative correlations

ACGLO	- 0.77	HIG
ACGLO	- 0.76	ORI
ACGLO	- 0.68	AIG
ACGLO	- 0.62	ACGL
IGIC	- 0.58	ACGLO
AXAHY	- 0.57	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	1.28	(0.13)	0.00	(0.06)	0.00	0.00	2.61	(2.40)	9.66
AIG	1.16	(0.09)	0.00	(1.08)	0.00	0.00	2.22	(2.43)	13.58
ACGL	0.76	0.12	0.07	0.92	0.80	(0.86)	1.82	(1.25)	4.71
ORI	1.21	0.03	(0.01)	0.80	2.11	(1.22)	2.11	(2.87)	12.07
HIG	0.77	0.07	0.03	0.29	0.81	(0.77)	1.96	(1.34)	6.38
GSHD	1.58	(0.31)	0.00	(0.24)	0.00	0.00	3.51	(4.74)	12.49
ESGR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ACGLO	0.41	(0.03)	0.00	(0.06)	0.00	0.00	0.72	(0.87)	2.15
AXAHY	0.76	(0.01)	(0.05)	0.03	1.03	(0.75)	1.19	(1.33)	4.18
IGIC	0.94	0.15	0.07	1.32	1.05	(1.05)	2.20	(1.66)	9.34

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