Unum Correlations

UNM Stock

USD 75.66 0.63 0.83%

The current 90-days correlation between Unum Group and Globe Life is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Unum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unum Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Unum Correlation With Market

Average diversification

The correlation between Unum Group and DJI is 0.15 (i.e., Average 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.

Build AI portfolio with Unum Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unum Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Unum Stock

0.61	PFG	Principal Financial	Pair Corr
0.64	PUK	Prudential PLC ADR	Pair Corr
0.68	PRU	Prudential plc	Pair Corr
0.78	ELF	E L Financial	Pair Corr

Moving against Unum Stock

0.63	LGEN	Legal General Group	Pair Corr
0.49	PRU	Prudential Financial	Pair Corr
0.48	LNC	Lincoln National	Pair Corr
0.46	601318	Ping An Insurance	Pair Corr
0.44	FG	FG Annuities Life	Pair Corr
0.42	HDFCLIFE	HDFC Life Insurance	Pair Corr
0.5	MPL	Medibank Private	Pair Corr
0.43	CRD-B	Crawford	Pair Corr
0.33	ICICIPRULI	ICICI Prudential Life	Pair Corr

Related Correlations Analysis

	MET	GL	AEG	RGA	RNR	CIB	WF	CNA	BSAC
MET		0.55	0.57	0.54	-0.1	-0.66	0.31	0.34	-0.57	MET
GL	0.55		0.49	0.21	-0.55	-0.71	0.49	0.33	-0.65	GL
AEG	0.57	0.49		0.19	0.18	-0.25	0.62	0.07	-0.2	AEG
RGA	0.54	0.21	0.19		-0.02	-0.49	-0.12	0.55	-0.52	RGA
RNR	-0.1	-0.55	0.18	-0.02		0.62	-0.07	-0.3	0.59	RNR
CIB	-0.66	-0.71	-0.25	-0.49	0.62		-0.2	-0.54	0.93	CIB
WF	0.31	0.49	0.62	-0.12	-0.07	-0.2		-0.27	-0.05	WF
CNA	0.34	0.33	0.07	0.55	-0.3	-0.54	-0.27		-0.75	CNA
BSAC	-0.57	-0.65	-0.2	-0.52	0.59	0.93	-0.05	-0.75		BSAC
	MET	GL	AEG	RGA	RNR	CIB	WF	CNA	BSAC

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

BSAC	+ 0.93	CIB
WF	+ 0.62	AEG
CIB	+ 0.62	RNR
BSAC	+ 0.59	RNR
AEG	+ 0.57	MET
GL	+ 0.55	MET

High negative correlations

BSAC	- 0.75	CNA
CIB	- 0.71	GL
CIB	- 0.66	MET
BSAC	- 0.65	GL
BSAC	- 0.57	MET
RNR	- 0.55	GL

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
MET	1.02	(0.13)	0.00	(0.05)	0.00	0.00	2.30	(2.74)	7.46
GL	0.84	(0.11)	0.00	(0.13)	0.00	0.00	1.57	(1.96)	5.75
AEG	0.82	(0.09)	0.00	(0.17)	0.00	0.00	1.47	(1.86)	4.39
RGA	1.00	(0.05)	0.00	0.41	0.00	0.00	1.86	(2.24)	5.32
RNR	1.15	0.06	0.01	(1.23)	1.35	(1.33)	2.58	(1.83)	8.36
CIB	1.11	0.34	0.20	(3.05)	1.13	(1.23)	3.13	(2.31)	7.48
WF	1.30	(0.02)	(0.02)	0.02	1.70	(1.45)	2.77	(2.43)	10.59
CNA	0.80	(0.09)	0.00	(0.35)	0.00	0.00	1.32	(1.76)	4.13
BSAC	1.00	0.33	0.21	(2.08)	1.02	(1.12)	2.32	(2.07)	5.87

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC