Globe Life Correlations

GL Stock

USD 133.27 0.85 0.64%

The current 90-days correlation between Globe Life and NH Foods Ltd is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Globe Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globe Life moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Globe Life Correlation With Market

Weak diversification

The correlation between Globe Life and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Globe Life and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Globe Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.

Moving together with Globe Stock

0.74	AAGH	America Great Health	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.77	VZ	Verizon Communications	Pair Corr
0.82	T	ATT Inc	Pair Corr

Moving against Globe Stock

0.76	CAT	Caterpillar	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.72	KO	Coca Cola Aggressive Push	Pair Corr
0.7	MRK	Merck Company Aggressive Push	Pair Corr
0.65	PNGM	Er Therapeutics	Pair Corr
0.64	IBM	International Business	Pair Corr
0.58	AXP	American Express	Pair Corr
0.5	STI	Solidion Technology	Pair Corr
0.48	GE	GE Aerospace	Pair Corr
0.48	XOM	Exxon Mobil Corp	Pair Corr
0.43	NNAX	New Momentum	Pair Corr

Related Correlations Analysis

	NIPMY	PHCFF	ORIQU	BKN	MBRFY	AIV	OGGFF	MITT
NIPMY		0.0	0.35	-0.08	0.16	0.14	0.0	0.3	NIPMY
PHCFF	0.0		0.0	0.0	0.0	0.0	1.0	0.0	PHCFF
ORIQU	0.35	0.0		0.29	-0.37	0.22	0.0	0.11	ORIQU
BKN	-0.08	0.0	0.29		-0.35	-0.04	0.0	0.02	BKN
MBRFY	0.16	0.0	-0.37	-0.35		0.12	0.0	0.45	MBRFY
AIV	0.14	0.0	0.22	-0.04	0.12		0.0	0.13	AIV
OGGFF	0.0	1.0	0.0	0.0	0.0	0.0		0.0	OGGFF
MITT	0.3	0.0	0.11	0.02	0.45	0.13	0.0		MITT
	NIPMY	PHCFF	ORIQU	BKN	MBRFY	AIV	OGGFF	MITT

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

OGGFF	+ 1.0	PHCFF
MITT	+ 0.45	MBRFY
ORIQU	+ 0.35	NIPMY
MITT	+ 0.3	NIPMY
BKN	+ 0.29	ORIQU
AIV	+ 0.22	ORIQU

High negative correlations

MBRFY	- 0.37	ORIQU
MBRFY	- 0.35	BKN
BKN	- 0.08	NIPMY
AIV	- 0.04	BKN
MITT	- 0.0	OGGFF
OGGFF	- 0.0	AIV

Risk-Adjusted Indicators

There is a big difference between Globe Stock performing well and Globe Life 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 Globe Life'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
NIPMY	0.79	0.37	0.00	0.40	0.00	0.00	0.00	0.00	0.00
PHCFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ORIQU	0.29	0.06	0.04	(0.38)	0.28	(0.80)	1.36	(0.59)	4.07
BKN	0.38	0.07	0.12	0.76	0.20	(0.50)	0.81	(0.54)	2.58
MBRFY	3.45	0.20	0.04	1.52	4.82	(3.61)	6.63	(5.92)	23.50
AIV	1.08	0.02	0.00	0.06	1.08	(1.53)	2.53	(2.27)	8.73
OGGFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MITT	1.09	0.12	0.09	0.42	1.00	(1.42)	2.56	(2.04)	7.73

Globe Life Corporate Management

Shane Henrie	Corporate Officer	Profile
Pamela Ramirez	Corporate Senior Vice President - Enterprise Transformation	Profile
James Brannen	Independent Director	Profile
Mary Thigpen	Independent Director	Profile

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