Primerica Correlations

PRI Stock

USD 284.54 1.71 0.60%

The current 90-days correlation between Primerica and CNO Financial Group is 0.64 (i.e., Poor diversification). The correlation of Primerica 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.

Primerica Correlation With Market

Poor diversification

The correlation between Primerica and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Primerica and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primerica. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Primerica Stock

0.83	FG	FG Annuities Life	Pair Corr
0.63	GL	Globe Life	Pair Corr
0.96	BHF	Brighthouse Financial	Pair Corr
0.93	CNO	CNO Financial Group	Pair Corr
0.82	GNW	Genworth Financial	Pair Corr
0.92	LNC	Lincoln National	Pair Corr
0.72	MET	MetLife Buyout Trend	Pair Corr
0.94	MFC	Manulife Financial Corp	Pair Corr
0.68	GWLIF	Great West Lifeco	Pair Corr
0.82	PRU	Prudential Financial	Pair Corr
0.94	UNM	Unum Group	Pair Corr
0.69	JXN-PA	Jackson Financial	Pair Corr
0.84	ANG-PB	American National	Pair Corr
0.85	ANG-PA	American National	Pair Corr
0.91	UTGN	UTG Inc	Pair Corr
0.88	C	Citigroup Fiscal Year End 10th of January 2025	Pair Corr
0.88	L	Loews Corp	Pair Corr
0.82	V	Visa Class A	Pair Corr
0.79	DHIL	Diamond Hill Investment	Pair Corr
0.85	DIST	Distoken Acquisition	Pair Corr
0.66	AB	AllianceBernstein	Pair Corr
0.73	AC	Associated Capital	Pair Corr

Moving against Primerica Stock

0.82	ABL	Abacus Life	Pair Corr
0.79	AVVIY	Aviva PLC ADR	Pair Corr
0.78	MET-PF	MetLife Preferred Stock	Pair Corr
0.75	BHFAO	Brighthouse Financial	Pair Corr
0.71	GL-PD	Globe Life 425	Pair Corr
0.7	MET-PE	MetLife Preferred Stock	Pair Corr
0.67	BHFAM	Brighthouse Financial	Pair Corr
0.67	CNO-PA	CNO Financial Group	Pair Corr
0.66	BHFAP	Brighthouse Financial	Pair Corr
0.63	BHFAN	Brighthouse Financial	Pair Corr
0.6	AXAHY	Axa SA ADR	Pair Corr
0.53	PUK	Prudential PLC ADR	Pair Corr
0.59	IX	Orix Corp Ads	Pair Corr
0.57	PT	Pintec Technology	Pair Corr

Related Correlations Analysis

	CNO	AFL	PUK	FG	MET-PA	BHFAP	AEL	MET-PE	NWLI	MDWT
CNO		0.01	-0.56	0.9	0.24	-0.69	0.81	-0.72	0.57	0.48	CNO
AFL	0.01		0.24	0.29	-0.52	0.15	-0.14	0.08	-0.33	0.2	AFL
PUK	-0.56	0.24		-0.32	-0.32	0.52	-0.49	0.5	-0.43	0.08	PUK
FG	0.9	0.29	-0.32		0.18	-0.6	0.69	-0.6	0.47	0.43	FG
MET-PA	0.24	-0.52	-0.32	0.18		-0.47	0.45	-0.16	0.75	-0.17	MET-PA
BHFAP	-0.69	0.15	0.52	-0.6	-0.47		-0.91	0.86	-0.76	-0.29	BHFAP
AEL	0.81	-0.14	-0.49	0.69	0.45	-0.91		-0.84	0.71	0.44	AEL
MET-PE	-0.72	0.08	0.5	-0.6	-0.16	0.86	-0.84		-0.53	-0.37	MET-PE
NWLI	0.57	-0.33	-0.43	0.47	0.75	-0.76	0.71	-0.53		0.02	NWLI
MDWT	0.48	0.2	0.08	0.43	-0.17	-0.29	0.44	-0.37	0.02		MDWT
	CNO	AFL	PUK	FG	MET-PA	BHFAP	AEL	MET-PE	NWLI	MDWT

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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

FG	+ 0.9	CNO
MET-PE	+ 0.86	BHFAP
AEL	+ 0.81	CNO
NWLI	+ 0.75	MET-PA
NWLI	+ 0.71	AEL
AEL	+ 0.69	FG

High negative correlations

AEL	- 0.91	BHFAP
MET-PE	- 0.84	AEL
NWLI	- 0.76	BHFAP
MET-PE	- 0.72	CNO
BHFAP	- 0.69	CNO
MET-PE	- 0.6	FG

Risk-Adjusted Indicators

There is a big difference between Primerica Stock performing well and Primerica 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 Primerica'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
CNO	1.25	0.07	0.14	0.14	0.98	(1.55)	2.77	(2.09)	13.75
AFL	0.90	(0.13)	0.00	(0.04)	0.00	0.00	1.52	(2.28)	7.00
PUK	1.63	(0.06)	(0.03)	0.04	2.34	(1.54)	2.76	(3.79)	13.38
FG	1.75	(0.12)	0.04	0.06	1.96	(2.00)	3.72	(3.81)	21.12
MET-PA	0.39	0.01	(0.15)	0.22	0.44	(0.44)	0.70	(0.75)	2.68
BHFAP	0.69	(0.12)	0.00	(0.37)	0.00	0.00	1.44	(1.32)	4.06
AEL	1.40	0.60	0.33	(0.91)	0.65	(1.62)	2.87	(2.11)	17.90
MET-PE	0.39	(0.06)	0.00	(0.34)	0.00	0.00	0.78	(0.93)	2.29
NWLI	0.14	0.01	(0.45)	0.67	0.10	(0.15)	0.39	(0.26)	1.17
MDWT	2.66	1.33	1.18	19.85	0.00	(3.48)	1.26	(0.98)	87.92

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