Citizens Correlations

CIA Stock

USD 4.36 0.04 0.93%

The correlation of Citizens 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.

Citizens Correlation With Market

Poor diversification

The correlation between Citizens and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citizens and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Citizens Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Citizens. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Citizens Stock refer to our How to Trade Citizens Stock guide.

Moving together with Citizens Stock

0.62	FG	FG Annuities Life	Pair Corr
0.62	MET-PA	MetLife Preferred Stock	Pair Corr
0.68	MET-PE	MetLife Preferred Stock	Pair Corr
0.7	MET-PF	MetLife Preferred Stock	Pair Corr
0.8	BHF	Brighthouse Financial Normal Trading	Pair Corr
0.73	CNO	CNO Financial Group Earnings Call This Week	Pair Corr
0.69	GNW	Genworth Financial	Pair Corr
0.8	LNC	Lincoln National	Pair Corr
0.64	MET	MetLife	Pair Corr
0.67	PRI	Primerica	Pair Corr
0.62	LNC-PD	Lincoln National	Pair Corr
0.76	C	Citigroup Aggressive Push	Pair Corr
0.66	V	Visa Class A Earnings Call Today	Pair Corr
0.75	AC	Associated Capital	Pair Corr
0.68	AX	Axos Financial Earnings Call This Week	Pair Corr
0.76	BK	Bank of New York	Pair Corr
0.73	BN	Brookfield Corp	Pair Corr
0.76	BY	Byline Bancorp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	VERY	CNO	NWLI	BHFAM	FG	AEL	MDWT	PUK	MET-PA	BHFAP
VERY		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	VERY
CNO	0.0		0.0	0.31	0.24	0.0	0.0	0.34	0.53	0.37	CNO
NWLI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NWLI
BHFAM	0.0	0.31	0.0		0.59	0.0	0.0	-0.45	0.82	0.94	BHFAM
FG	0.0	0.24	0.0	0.59		0.0	0.0	-0.72	0.74	0.71	FG
AEL	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AEL
MDWT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MDWT
PUK	0.0	0.34	0.0	-0.45	-0.72	0.0	0.0		-0.44	-0.56	PUK
MET-PA	0.0	0.53	0.0	0.82	0.74	0.0	0.0	-0.44		0.85	MET-PA
BHFAP	0.0	0.37	0.0	0.94	0.71	0.0	0.0	-0.56	0.85		BHFAP
	VERY	CNO	NWLI	BHFAM	FG	AEL	MDWT	PUK	MET-PA	BHFAP

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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

BHFAP	+ 0.94	BHFAM
BHFAP	+ 0.85	MET-PA
MET-PA	+ 0.82	BHFAM
MET-PA	+ 0.74	FG
BHFAP	+ 0.71	FG
FG	+ 0.59	BHFAM

High negative correlations

PUK	- 0.72	FG
BHFAP	- 0.56	PUK
PUK	- 0.45	BHFAM
MET-PA	- 0.44	PUK
BHFAP	- 0.0	MDWT
MET-PA	- 0.0	MDWT

Risk-Adjusted Indicators

There is a big difference between Citizens Stock performing well and Citizens 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 Citizens' 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
VERY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNO	1.45	0.21	0.06	0.04	2.60	(1.36)	2.98	(3.73)	16.93
NWLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BHFAM	1.33	(0.10)	0.00	(0.43)	0.00	0.00	2.69	(3.64)	9.25
FG	2.21	(0.09)	0.00	(0.22)	0.00	0.00	3.75	(4.77)	20.86
AEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MDWT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PUK	1.82	0.70	0.28	0.49	1.99	(2.02)	3.65	(3.19)	14.63
MET-PA	0.45	(0.06)	0.00	(0.35)	0.00	0.00	1.48	(1.64)	4.54
BHFAP	1.09	(0.15)	0.00	(0.52)	0.00	0.00	1.67	(2.97)	7.15

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