AFLAC Correlations

001055AR3   84.03  4.00  5.00%   
The current 90-days correlation between AFLAC INC 4 and Fortress Transp Infra is 0.04 (i.e., Significant diversification). The correlation of AFLAC 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.

AFLAC Correlation With Market

Significant diversification

The correlation between AFLAC INC 4 and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AFLAC INC 4 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to AFLAC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AFLAC 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 AFLAC - 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 AFLAC INC 4 to buy it.

Moving together with AFLAC Bond

  0.73PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.78KO Coca Cola Aggressive PushPairCorr
  0.7MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.63JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr

Moving against AFLAC Bond

  0.67BAC Bank of America Aggressive PushPairCorr
  0.66JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.61WMT Walmart Aggressive PushPairCorr
  0.57CSCO Cisco SystemsPairCorr
  0.57DIS Walt Disney Aggressive PushPairCorr
  0.57CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.48T ATT Inc Aggressive PushPairCorr
  0.47AXP American Express Fiscal Year End 24th of January 2025 PairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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ALVOVSTS
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ALVSTS
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Risk-Adjusted Indicators

There is a big difference between AFLAC Bond performing well and AFLAC Corporate Bond 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 AFLAC'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in AFLAC 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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