Genworth Financial Correlations

GNW Stock

USD 7.83 0.16 2.00%

The current 90-days correlation between Genworth Financial and National Beverage Corp is 0.32 (i.e., Weak diversification). The correlation of Genworth Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Genworth Financial Correlation With Market

Poor diversification

The correlation between Genworth Financial and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genworth Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Genworth Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genworth Financial. 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.

For more information on how to buy Genworth Stock please use our How to Invest in Genworth Financial guide.

Moving together with Genworth Stock

0.71	MET-PE	MetLife Preferred Stock	Pair Corr
0.71	LNC	Lincoln National	Pair Corr
0.76	MET	MetLife	Pair Corr
0.65	MFC	Manulife Financial Corp	Pair Corr
0.61	PRI	Primerica	Pair Corr
0.78	PRU	Prudential Financial	Pair Corr
0.81	PUK	Prudential PLC ADR	Pair Corr
0.63	UNM	Unum Group	Pair Corr
0.81	GL-PD	Globe Life 425	Pair Corr
0.86	AAME	Atlantic American	Pair Corr
0.74	ANG-PB	American National	Pair Corr
0.84	C	Citigroup Earnings Call Next Week	Pair Corr
0.83	L	Loews Corp	Pair Corr
0.73	DHIL	Diamond Hill Investment	Pair Corr
0.74	DIST	Distoken Acquisition	Pair Corr
0.68	AB	AllianceBernstein	Pair Corr
0.64	AC	Associated Capital	Pair Corr
0.81	AX	Axos Financial	Pair Corr
0.74	BK	Bank of New York Earnings Call Next Week	Pair Corr
0.8	BN	Brookfield Corp	Pair Corr
0.8	BX	Blackstone Group	Pair Corr
0.63	BY	Byline Bancorp	Pair Corr

Moving against Genworth Stock

0.54	ABL	Abacus Life	Pair Corr
0.45	CIA	Citizens	Pair Corr
0.34	FG	FG Annuities Life	Pair Corr

Related Correlations Analysis

	FIZZ	PRMB	MGPI	WEYS	ARW	KDP	TSRYF	TITN
FIZZ		-0.46	0.26	0.45	0.53	-0.36	-0.46	0.53	FIZZ
PRMB	-0.46		-0.28	-0.57	-0.8	0.65	0.18	-0.63	PRMB
MGPI	0.26	-0.28		0.69	0.66	-0.37	-0.22	0.76	MGPI
WEYS	0.45	-0.57	0.69		0.82	-0.56	-0.1	0.87	WEYS
ARW	0.53	-0.8	0.66	0.82		-0.66	-0.12	0.9	ARW
KDP	-0.36	0.65	-0.37	-0.56	-0.66		0.18	-0.65	KDP
TSRYF	-0.46	0.18	-0.22	-0.1	-0.12	0.18		-0.15	TSRYF
TITN	0.53	-0.63	0.76	0.87	0.9	-0.65	-0.15		TITN
	FIZZ	PRMB	MGPI	WEYS	ARW	KDP	TSRYF	TITN

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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

TITN	+ 0.9	ARW
TITN	+ 0.87	WEYS
ARW	+ 0.82	WEYS
TITN	+ 0.76	MGPI
WEYS	+ 0.69	MGPI
ARW	+ 0.66	MGPI

High negative correlations

ARW	- 0.8	PRMB
KDP	- 0.66	ARW
TITN	- 0.65	KDP
TITN	- 0.63	PRMB
WEYS	- 0.57	PRMB
KDP	- 0.56	WEYS

Risk-Adjusted Indicators

There is a big difference between Genworth Stock performing well and Genworth 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 Genworth 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
FIZZ	1.26	0.16	0.06	0.70	1.20	(1.44)	3.09	(2.12)	7.51
PRMB	1.40	(0.29)	0.00	(0.56)	0.00	0.00	2.31	(2.76)	9.49
MGPI	1.83	0.11	0.03	0.25	2.33	(1.92)	4.35	(3.15)	16.82
WEYS	2.06	0.08	0.04	0.16	2.86	(2.22)	4.57	(4.70)	18.07
ARW	1.46	0.27	0.12	0.34	1.85	(1.62)	2.88	(2.19)	13.98
KDP	0.90	(0.05)	0.00	(0.03)	0.00	0.00	2.21	(1.74)	7.32
TSRYF	0.64	(0.27)	0.00	(0.75)	0.00	0.00	0.00	(0.83)	10.09
TITN	2.48	0.28	0.09	0.31	2.85	(2.79)	4.74	(3.25)	17.04

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