CNO Financial Correlations

CNO Stock

USD 41.25 0.76 1.88%

The current 90-days correlation between CNO Financial Group and FG Annuities Life is 0.08 (i.e., Significant 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

Significant diversification

The correlation between CNO Financial Group and DJI is 0.08 (i.e., Significant 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 state.

Moving together with CNO Stock

0.61	SLF	Sun Life Financial	Pair Corr
0.67	MFC	Manulife Financial Corp Earnings Call Tomorrow	Pair Corr
0.64	AVAL	Grupo Aval Earnings Call Tomorrow	Pair Corr
0.71	BAC-PL	Bank of America	Pair Corr
0.75	FET	Forum Energy Technologies Earnings Call This Week	Pair Corr
0.63	BMXC	Bemax Inc	Pair Corr
0.76	CVI	CVR Energy	Pair Corr
0.73	BK	Bank of New York	Pair Corr
0.65	GS	Goldman Sachs Group	Pair Corr

Moving against CNO Stock

0.79	TRUP	Trupanion	Pair Corr
0.51	FG	FG Annuities Life Normal Trading	Pair Corr
0.57	MPXOF	MPX International Corp	Pair Corr

Related Correlations Analysis

	FG	GNW	AGO	BHF	SFBS	TCBI	ATH	CADE	FHI	GBDC
FG		-0.13	0.03	-0.26	0.79	0.43	0.0	-0.36	0.72	0.69	FG
GNW	-0.13		0.51	0.38	0.24	0.26	0.0	0.48	0.21	-0.59	GNW
AGO	0.03	0.51		0.64	0.06	0.5	0.0	0.38	-0.04	-0.26	AGO
BHF	-0.26	0.38	0.64		-0.31	0.24	0.0	0.38	-0.31	-0.42	BHF
SFBS	0.79	0.24	0.06	-0.31		0.5	0.0	0.04	0.88	0.32	SFBS
TCBI	0.43	0.26	0.5	0.24	0.5		0.0	0.48	0.32	0.22	TCBI
ATH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ATH
CADE	-0.36	0.48	0.38	0.38	0.04	0.48	0.0		-0.09	-0.52	CADE
FHI	0.72	0.21	-0.04	-0.31	0.88	0.32	0.0	-0.09		0.32	FHI
GBDC	0.69	-0.59	-0.26	-0.42	0.32	0.22	0.0	-0.52	0.32		GBDC
	FG	GNW	AGO	BHF	SFBS	TCBI	ATH	CADE	FHI	GBDC

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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

FHI	+ 0.88	SFBS
SFBS	+ 0.79	FG
FHI	+ 0.72	FG
GBDC	+ 0.69	FG
BHF	+ 0.64	AGO
AGO	+ 0.51	GNW

High negative correlations

GBDC	- 0.59	GNW
GBDC	- 0.52	CADE
GBDC	- 0.42	BHF
CADE	- 0.36	FG
FHI	- 0.31	BHF
SFBS	- 0.31	BHF

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FG	1.19	(0.17)	0.00	(0.04)	0.00	0.00	3.08	(2.28)	6.91
GNW	1.00	0.11	0.00	(0.59)	1.25	(1.08)	1.96	(1.84)	7.23
AGO	0.97	0.00	(0.01)	0.09	0.97	(1.16)	1.72	(1.69)	4.27
BHF	3.16	0.70	0.23	1.38	2.22	(3.95)	12.52	(4.59)	33.71
SFBS	1.33	(0.26)	0.00	(0.05)	0.00	0.00	3.13	(3.27)	13.45
TCBI	1.38	(0.06)	0.02	0.07	1.98	(1.37)	3.32	(2.22)	12.10
ATH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CADE	1.32	0.02	0.05	0.11	1.90	(1.45)	3.45	(2.42)	13.40
FHI	1.02	(0.13)	0.00	(0.04)	0.00	0.00	2.17	(1.86)	6.93
GBDC	0.77	(0.15)	0.00	(0.07)	0.00	0.00	1.70	(1.71)	5.66

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