Unum Correlations

UNM Stock

USD 74.36 1.08 1.43%

The current 90-days correlation between Unum Group and Jackson Financial is 0.36 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Unum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unum Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Unum Correlation With Market

Weak diversification

The correlation between Unum Group and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unum Group and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unum Group. 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 Unum Stock

0.61	GL	Globe Life	Pair Corr
0.7	BHF	Brighthouse Financial	Pair Corr
0.61	CIA	Citizens	Pair Corr
0.68	CNO	CNO Financial Group	Pair Corr
0.81	MET	MetLife	Pair Corr
0.67	ANG-PB	American National	Pair Corr
0.68	ANG-PA	American National	Pair Corr
0.64	C	Citigroup Aggressive Push	Pair Corr
0.81	L	Loews Corp	Pair Corr
0.63	V	Visa Class A	Pair Corr
0.81	BK	Bank of New York	Pair Corr

Moving against Unum Stock

0.47	BHFAN	Brighthouse Financial	Pair Corr
0.39	BHFAP	Brighthouse Financial	Pair Corr
0.39	BHFAM	Brighthouse Financial	Pair Corr
0.36	BHFAO	Brighthouse Financial	Pair Corr

Related Correlations Analysis

	PRU	MET	JXN	MFC	LNC	AFL	BHF	GL	FG	JXN-PA
PRU		0.42	0.63	0.87	-0.02	0.82	-0.21	-0.5	0.52	0.29	PRU
MET	0.42		0.35	0.18	0.4	0.6	0.45	0.45	0.57	0.18	MET
JXN	0.63	0.35		0.69	0.55	0.8	0.25	-0.08	0.77	0.36	JXN
MFC	0.87	0.18	0.69		0.06	0.71	-0.3	-0.62	0.52	0.31	MFC
LNC	-0.02	0.4	0.55	0.06		0.39	0.79	0.5	0.79	0.28	LNC
AFL	0.82	0.6	0.8	0.71	0.39		0.2	-0.08	0.75	0.26	AFL
BHF	-0.21	0.45	0.25	-0.3	0.79	0.2		0.75	0.55	0.25	BHF
GL	-0.5	0.45	-0.08	-0.62	0.5	-0.08	0.75		0.09	-0.18	GL
FG	0.52	0.57	0.77	0.52	0.79	0.75	0.55	0.09		0.52	FG
JXN-PA	0.29	0.18	0.36	0.31	0.28	0.26	0.25	-0.18	0.52		JXN-PA
	PRU	MET	JXN	MFC	LNC	AFL	BHF	GL	FG	JXN-PA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

MFC	+ 0.87	PRU
AFL	+ 0.82	PRU
AFL	+ 0.8	JXN
BHF	+ 0.79	LNC
FG	+ 0.79	LNC
FG	+ 0.77	JXN

High negative correlations

GL	- 0.62	MFC
GL	- 0.5	PRU
BHF	- 0.3	MFC
BHF	- 0.21	PRU
JXN-PA	- 0.18	GL
GL	- 0.08	AFL

Risk-Adjusted Indicators

There is a big difference between Unum Stock performing well and Unum 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 Unum'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
PRU	1.00	(0.12)	0.00	(0.18)	0.00	0.00	2.04	(3.16)	6.17
MET	0.98	0.02	0.01	0.03	1.33	(0.99)	2.07	(1.80)	6.71
JXN	1.61	(0.15)	0.00	(0.12)	0.00	0.00	3.86	(4.58)	11.74
MFC	0.85	(0.09)	0.00	(0.19)	0.00	0.00	1.33	(2.04)	5.29
LNC	1.33	0.20	0.10	0.24	1.73	(1.33)	3.55	(2.84)	8.94
AFL	0.90	(0.07)	0.00	(0.14)	0.00	0.00	1.49	(2.32)	7.01
BHF	1.59	0.34	0.17	0.45	1.59	(1.85)	3.70	(3.02)	16.97
GL	0.88	0.17	0.14	0.36	0.99	(0.91)	1.89	(1.74)	5.80
FG	1.61	0.05	0.02	0.04	2.23	(1.67)	3.72	(3.89)	10.38
JXN-PA	0.50	(0.03)	0.00	(0.12)	0.00	0.00	1.10	(1.06)	3.45

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC