Corebridge Financial Correlations

CRBG Stock

USD 35.01 0.37 1.05%

The current 90-days correlation between Corebridge Financial and Blue Owl Capital is 0.11 (i.e., Average diversification). The correlation of Corebridge Financial 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.

Corebridge Financial Correlation With Market

Good diversification

The correlation between Corebridge Financial and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Corebridge Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Corebridge Stock

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

For more detail on how to invest in Corebridge Stock please use our How to Invest in Corebridge Financial guide.

Moving together with Corebridge Stock

0.92	DHIL	Diamond Hill Investment	Pair Corr
0.76	AB	AllianceBernstein Normal Trading	Pair Corr
0.7	AC	Associated Capital	Pair Corr
0.92	BN	Brookfield Corp	Pair Corr
0.82	BX	Blackstone Group Sell-off Trend	Pair Corr
0.91	CG	Carlyle Group Normal Trading	Pair Corr
0.89	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.8	DX	Dynex Capital	Pair Corr
0.94	GS	Goldman Sachs Group	Pair Corr
0.78	LC	LendingClub Corp Earnings Call This Week	Pair Corr
0.87	MC	Moelis	Pair Corr
0.96	MS	Morgan Stanley	Pair Corr
0.85	QD	Qudian Inc	Pair Corr
0.93	SF	Stifel Financial	Pair Corr
0.89	WT	WisdomTree Earnings Call This Week	Pair Corr
0.85	VCTR	Victory Capital Holdings	Pair Corr
0.85	VIRT	Virtu Financial, Earnings Call This Week	Pair Corr
0.63	DYCQ	DT Cloud Acquisition	Pair Corr
0.9	VRTS	Virtus Investment	Pair Corr
0.86	EARN	Ellington Residential	Pair Corr
0.71	ECPG	Encore Capital Group	Pair Corr

Moving against Corebridge Stock

0.53	LX	Lexinfintech Holdings Normal Trading	Pair Corr
0.8	WU	Western Union Earnings Call This Week	Pair Corr
0.63	GCMGW	GCM Grosvenor	Pair Corr
0.62	EZPW	EZCORP Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AAMI	OWL	CGBD	TPG	BRDG	JXN	EQH	CNM
AAMI		0.77	0.16	0.93	0.83	0.81	0.49	0.9	AAMI
OWL	0.77		0.14	0.89	0.8	0.79	0.61	0.75	OWL
CGBD	0.16	0.14		0.14	0.36	-0.16	-0.32	0.15	CGBD
TPG	0.93	0.89	0.14		0.86	0.88	0.59	0.86	TPG
BRDG	0.83	0.8	0.36	0.86		0.72	0.34	0.69	BRDG
JXN	0.81	0.79	-0.16	0.88	0.72		0.78	0.75	JXN
EQH	0.49	0.61	-0.32	0.59	0.34	0.78		0.6	EQH
CNM	0.9	0.75	0.15	0.86	0.69	0.75	0.6		CNM
	AAMI	OWL	CGBD	TPG	BRDG	JXN	EQH	CNM

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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

TPG	+ 0.93	AAMI
CNM	+ 0.9	AAMI
TPG	+ 0.89	OWL
JXN	+ 0.88	TPG
BRDG	+ 0.86	TPG
CNM	+ 0.86	TPG

High negative correlations

EQH	- 0.32	CGBD
JXN	- 0.16	CGBD

Risk-Adjusted Indicators

There is a big difference between Corebridge Stock performing well and Corebridge Financial 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 Corebridge Financial'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
AAMI	1.15	0.46	0.43	0.73	0.19	(1.50)	3.14	(1.80)	6.92
OWL	1.51	(0.08)	0.04	0.16	1.67	(1.62)	4.17	(3.30)	11.12
CGBD	0.98	(0.11)	(0.10)	0.05	1.36	(1.10)	2.00	(2.44)	6.30
TPG	1.50	0.12	0.14	0.27	1.53	(1.66)	3.97	(2.78)	11.12
BRDG	1.60	0.42	0.09	(2.40)	1.76	(1.94)	4.00	(2.72)	14.26
JXN	1.48	0.00	0.06	0.20	1.55	(1.66)	2.81	(3.41)	9.16
EQH	1.30	(0.15)	(0.02)	0.10	1.56	(1.36)	2.71	(2.92)	8.53
CNM	1.35	0.20	0.18	0.37	0.93	(1.63)	3.34	(2.11)	12.44

Corebridge Financial Corporate Management

Amber Miller	Chief VP	Profile
Todd Solash	Life Retirement	Profile
Lisa Longino	Executive Officer	Profile
Chris Banthin	Chief Secretary	Profile
Isil Muderrisoglu	Head Relations	Profile
Liz Cropper	Chief Officer	Profile

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