CNO Financial Correlations

Stocks . USA . 
Stock . CNO Financial Group
CNO Stock  USD 37.69  0.09  0.24%   
The current 90-days correlation between CNO Financial Group and Prudential PLC ADR is -0.24 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CNO Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNO Financial Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CNO Financial Correlation With Market

Poor diversification

The correlation between CNO Financial Group and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CNO Financial Group and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with CNO Stock
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNO Financial 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 CNO Stock

  0.71GL Globe Life Earnings Call This WeekPairCorr

Moving against CNO Stock

  0.39ANG-PB American NationalPairCorr
  0.38GL-PD Globe Life 425PairCorr
  0.35JXN-PA Jackson FinancialPairCorr
  0.35CNO-PA CNO Financial GroupPairCorr
  0.4KB KB Financial Group Earnings Call This WeekPairCorr
  0.37CM Canadian Imperial BankPairCorr
  0.36BK Bank of New YorkPairCorr
  0.35IX Orix Corp AdsPairCorr
  0.34AB AllianceBernstein Earnings Call This WeekPairCorr
  0.33DHIL Diamond Hill InvestmentPairCorr
  0.33CG Carlyle Group Earnings Call This WeekPairCorr
  0.31AX Axos FinancialPairCorr

Related Correlations Analysis

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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   
RGA
+ 0.76
MET-PA
AIZ
+ 0.63
RGA
RGA
+ 0.44
PUK
PUK
+ 0.43
MET-PA
AIZ
+ 0.4
AGO
RGA
+ 0.36
AGO
  
High negative correlations   
CNA
- 0.71
PUK
CNA
- 0.08
MET-PA

Risk-Adjusted Indicators

There is a big difference between CNO Stock performing well and CNO 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 CNO 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.

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