Unum Correlations

UNM Stock

USD 81.12 0.11 0.14%

The current 90-days correlation between Unum Group and Jackson Financial is 0.71 (i.e., Poor 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

Poor diversification

The correlation between Unum Group and DJI is 0.66 (i.e., Poor 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 board of governors.

Moving together with Unum Stock

0.74	MET-PA	MetLife Preferred Stock	Pair Corr
0.81	LNC	Lincoln National	Pair Corr
0.82	MET	MetLife	Pair Corr
0.76	MFC	Manulife Financial Corp	Pair Corr
0.9	PRI	Primerica	Pair Corr
0.72	PRU	Prudential Financial	Pair Corr
0.66	LNC-PD	Lincoln National	Pair Corr
0.73	L	Loews Corp	Pair Corr
0.71	V	Visa Class A	Pair Corr
0.7	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.67	AC	Associated Capital	Pair Corr
0.61	AX	Axos Financial	Pair Corr
0.66	BK	Bank of New York	Pair Corr
0.69	BN	Brookfield Corp	Pair Corr
0.73	BY	Byline Bancorp Earnings Call This Week	Pair Corr

Moving against Unum Stock

0.44	CIA	Citizens	Pair Corr
0.42	FG	FG Annuities Life	Pair Corr
0.39	AFL	Aflac Incorporated	Pair Corr

Related Correlations Analysis

	PRU	MET	JXN	MFC	LNC	AFL	BHF	GL	FG	JXN-PA
PRU		0.9	0.86	0.74	0.83	-0.42	0.19	0.16	-0.51	0.53	PRU
MET	0.9		0.86	0.9	0.84	-0.48	0.51	0.1	-0.54	0.53	MET
JXN	0.86	0.86		0.69	0.95	-0.58	0.11	0.02	-0.64	0.63	JXN
MFC	0.74	0.9	0.69		0.68	-0.48	0.62	0.12	-0.34	0.5	MFC
LNC	0.83	0.84	0.95	0.68		-0.5	0.16	0.03	-0.55	0.67	LNC
AFL	-0.42	-0.48	-0.58	-0.48	-0.5		-0.05	0.33	0.6	-0.64	AFL
BHF	0.19	0.51	0.11	0.62	0.16	-0.05		0.05	-0.02	-0.01	BHF
GL	0.16	0.1	0.02	0.12	0.03	0.33	0.05		0.34	-0.31	GL
FG	-0.51	-0.54	-0.64	-0.34	-0.55	0.6	-0.02	0.34		-0.59	FG
JXN-PA	0.53	0.53	0.63	0.5	0.67	-0.64	-0.01	-0.31	-0.59		JXN-PA
	PRU	MET	JXN	MFC	LNC	AFL	BHF	GL	FG	JXN-PA

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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

LNC	+ 0.95	JXN
MET	+ 0.9	PRU
MFC	+ 0.9	MET
JXN	+ 0.86	PRU
JXN	+ 0.86	MET
LNC	+ 0.84	MET

High negative correlations

JXN-PA	- 0.64	AFL
FG	- 0.64	JXN
JXN-PA	- 0.59	FG
AFL	- 0.58	JXN
FG	- 0.55	LNC
FG	- 0.54	MET

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
PRU	1.07	(0.11)	(0.06)	0.04	1.35	(1.07)	2.40	(2.40)	7.48
MET	0.99	(0.06)	(0.03)	0.08	1.18	(0.98)	2.36	(2.08)	6.85
JXN	1.54	0.12	0.09	0.22	1.58	(1.75)	3.18	(3.41)	9.16
MFC	0.90	(0.01)	(0.01)	0.12	1.17	(0.97)	2.36	(1.72)	6.81
LNC	1.39	0.06	0.07	0.18	1.39	(1.50)	3.57	(2.83)	8.86
AFL	0.92	(0.05)	0.00	0.42	0.00	0.00	1.57	(2.00)	7.94
BHF	1.77	(0.15)	(0.03)	0.02	2.66	(1.76)	4.10	(4.61)	14.77
GL	1.09	(0.10)	(0.07)	0.02	1.63	(0.99)	2.17	(2.88)	8.40
FG	1.62	(0.26)	0.00	(0.10)	0.00	0.00	3.09	(4.17)	16.98
JXN-PA	0.32	0.03	(0.22)	1.42	0.30	(0.38)	0.74	(0.62)	1.87

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