Unum Correlations

0LJN Stock

77.67 0.22 0.28%

The current 90-days correlation between Unum Group and Liberty Media Corp is 0.18 (i.e., Average diversification). The correlation of Unum 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Unum Correlation With Market

Significant diversification

The correlation between Unum Group and DJI is 0.09 (i.e., Significant 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.

The ability to find closely correlated positions to Unum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Unum 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 Unum - 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 Unum Group to buy it.

Moving together with Unum Stock

0.68	SMSD	Samsung Electronics	Pair Corr
0.71	BC94	Samsung Electronics	Pair Corr
0.71	SMSN	Samsung Electronics	Pair Corr
0.74	HSBK	Halyk Bank	Pair Corr
0.68	0R15	SoftBank Group Corp Earnings Call Today	Pair Corr

Related Correlations Analysis

	ELLA	CAU	0W19	SBDS	0JUJ	0IJV	ICG	0KS3
ELLA		0.3	0.24	-0.13	-0.12	-0.22	-0.43	-0.08	ELLA
CAU	0.3		0.92	0.21	0.45	0.16	-0.52	0.25	CAU
0W19	0.24	0.92		0.19	0.48	0.2	-0.5	0.32	0W19
SBDS	-0.13	0.21	0.19		0.59	0.22	0.35	0.2	SBDS
0JUJ	-0.12	0.45	0.48	0.59		0.07	0.28	0.09	0JUJ
0IJV	-0.22	0.16	0.2	0.22	0.07		-0.03	0.93	0IJV
ICG	-0.43	-0.52	-0.5	0.35	0.28	-0.03		-0.24	ICG
0KS3	-0.08	0.25	0.32	0.2	0.09	0.93	-0.24		0KS3
	ELLA	CAU	0W19	SBDS	0JUJ	0IJV	ICG	0KS3

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

0KS3	+ 0.93	0IJV
0W19	+ 0.92	CAU
0JUJ	+ 0.59	SBDS
0JUJ	+ 0.48	0W19
0JUJ	+ 0.45	CAU
ICG	+ 0.35	SBDS

High negative correlations

ICG	- 0.52	CAU
ICG	- 0.5	0W19
ICG	- 0.43	ELLA
0KS3	- 0.24	ICG
0IJV	- 0.22	ELLA
SBDS	- 0.13	ELLA

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
ELLA	0.45	0.01	(0.09)	0.01	0.60	(1.06)	1.38	(1.36)	4.91
CAU	1.30	0.51	0.25	(1.44)	0.25	(3.35)	4.62	(1.45)	19.87
0W19	0.86	0.09	(0.01)	88.00	0.84	(1.23)	1.59	(1.89)	6.11
SBDS	2.02	0.05	(0.02)	(0.04)	2.55	(7.43)	7.14	(7.02)	29.77
0JUJ	1.01	0.11	0.03	0.52	1.02	(1.24)	2.25	(1.96)	8.36
0IJV	1.06	(0.07)	0.00	(0.28)	0.00	0.00	2.03	(2.07)	10.08
ICG	1.06	(0.26)	0.00	(0.18)	0.00	0.00	1.95	(2.36)	8.63
0KS3	0.94	(0.07)	0.00	(0.15)	0.00	0.00	1.51	(1.85)	5.79

Be your own money manager

Our tools can tell you how much better you can do entering a position in Unum 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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Unum Corporate Management

Elected by the shareholders, the Unum's board of directors comprises two types of representatives: Unum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Unum. The board's role is to monitor Unum's management team and ensure that shareholders' interests are well served. Unum's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Unum's outside directors are responsible for providing unbiased perspectives on the board's policies.

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