FG Annuities Correlations

FGN Stock

27.11 0.24 0.88%

The current 90-days correlation between FG Annuities Life and Vishay Intertechnology is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FG Annuities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FG Annuities Life moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FG Annuities Correlation With Market

Average diversification

The correlation between FG Annuities Life and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FG Annuities Life and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FG Annuities Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with FGN Stock

0.86	VOYA	Voya Financial	Pair Corr
0.64	FRFHF	Fairfax Financial	Pair Corr
0.8	AEG	Aegon NV ADR Potential Growth	Pair Corr
0.76	BNT	Brookfield Wealth Symbol Change	Pair Corr
0.73	FNF	Fidelity National	Pair Corr
0.75	HCI	HCI Group	Pair Corr

Moving against FGN Stock

0.72	CNA	CNA Financial	Pair Corr
0.51	CI	Cigna Corp	Pair Corr
0.49	HG	Hamilton Insurance Group,	Pair Corr
0.44	FACO	First Acceptance Corp	Pair Corr
0.41	ESNT	Essent Group	Pair Corr
0.31	EG	Everest Group	Pair Corr
0.68	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.6	ELV	Elevance Health Fiscal Year End 22nd of January 2025	Pair Corr
0.57	CNC	Centene Corp	Pair Corr
0.33	MOH	Molina Healthcare	Pair Corr

Related Correlations Analysis

	AMD	VSH	LUV	TSEM	AAL	CPA	ON	NOKFF
AMD		0.39	-0.23	0.09	-0.32	0.0	0.31	0.0	AMD
VSH	0.39		-0.78	-0.52	-0.79	-0.61	0.74	0.0	VSH
LUV	-0.23	-0.78		0.7	0.86	0.71	-0.49	0.0	LUV
TSEM	0.09	-0.52	0.7		0.64	0.61	-0.21	0.0	TSEM
AAL	-0.32	-0.79	0.86	0.64		0.8	-0.44	0.0	AAL
CPA	0.0	-0.61	0.71	0.61	0.8		-0.43	0.0	CPA
ON	0.31	0.74	-0.49	-0.21	-0.44	-0.43		0.0	ON
NOKFF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NOKFF
	AMD	VSH	LUV	TSEM	AAL	CPA	ON	NOKFF

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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

AAL	+ 0.86	LUV
CPA	+ 0.8	AAL
ON	+ 0.74	VSH
CPA	+ 0.71	LUV
TSEM	+ 0.7	LUV
AAL	+ 0.64	TSEM

High negative correlations

AAL	- 0.79	VSH
LUV	- 0.78	VSH
CPA	- 0.61	VSH
TSEM	- 0.52	VSH
ON	- 0.49	LUV
ON	- 0.44	AAL

Risk-Adjusted Indicators

There is a big difference between FGN Stock performing well and FG Annuities 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 FG Annuities' 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
AMD	2.02	(0.29)	0.00	(0.07)	0.00	0.00	3.96	(4.00)	16.31
VSH	1.65	(0.51)	0.00	(0.12)	0.00	0.00	3.10	(3.46)	10.99
LUV	1.34	0.15	0.05	0.34	1.62	(1.29)	2.96	(2.65)	10.99
TSEM	1.82	0.05	0.04	0.15	2.63	(1.74)	3.85	(3.78)	16.72
AAL	1.76	0.39	0.24	0.38	1.44	(2.10)	6.14	(2.77)	11.24
CPA	1.46	0.05	(0.01)	0.25	2.66	(1.40)	3.72	(2.73)	17.32
ON	1.97	(0.27)	0.00	(0.03)	0.00	0.00	3.50	(4.26)	11.37
NOKFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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