Life Insurance Correlations

LINSA Stock

USD 11.00 0.00 0.00%

The current 90-days correlation between Life Insurance and Life Insurance is -0.12 (i.e., Good diversification). The correlation of Life Insurance 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.

Life Insurance Correlation With Market

Good diversification

The correlation between Life Insurance and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Life Insurance and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Life Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Life Insurance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Life Insurance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Life Insurance to buy it.

Moving together with Life Pink Sheet

0.71	2881	Fubon Financial Holding	Pair Corr
0.67	PNGAY	Ping An Insurance	Pair Corr
0.83	AAGIY	AIA Group	Pair Corr
0.78	AAIGF	AIA Group	Pair Corr
0.83	CILJF	China Life Insurance	Pair Corr
0.84	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.73	EC	Ecopetrol SA ADR	Pair Corr
0.78	PTAIF	PT Astra International Earnings Call This Week	Pair Corr
0.77	CENX	Century Aluminum	Pair Corr
0.86	SAND	Sandstorm Gold	Pair Corr
0.88	TYGO	Tigo Energy Earnings Call This Week	Pair Corr
0.85	PL	Planet Labs PBC Downward Rally	Pair Corr
0.76	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.71	BOOT	Boot Barn Holdings	Pair Corr
0.74	MTCH	Match Group	Pair Corr
0.83	ORCL	Oracle	Pair Corr
0.76	CLSKW	CleanSpark, Warrant	Pair Corr
0.78	MSFT	Microsoft Earnings Call This Week	Pair Corr

Moving against Life Pink Sheet

0.61	AFL	Aflac Incorporated Earnings Call This Week	Pair Corr
0.55	VIVS	VivoSim Labs, Symbol Change	Pair Corr
0.53	655844CB2	NORFOLK SOUTHN P	Pair Corr
0.64	ZOM	Zomedica Pharmaceuticals	Pair Corr

Related Correlations Analysis

	LINS	LYBC	PKIN	UTGN	LGNC
LINS		0.2	0.07	0.0	0.0	LINS
LYBC	0.2		0.04	0.0	0.0	LYBC
PKIN	0.07	0.04		0.0	0.0	PKIN
UTGN	0.0	0.0	0.0		0.0	UTGN
LGNC	0.0	0.0	0.0	0.0		LGNC
	LINS	LYBC	PKIN	UTGN	LGNC

Click cells to compare fundamentals

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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

LYBC	+ 0.2	LINS
PKIN	+ 0.07	LINS
PKIN	+ 0.04	LYBC
UTGN	+ 0.0	LINS
LGNC	+ 0.0	LINS
UTGN	+ 0.0	LYBC

High negative correlations

LGNC	- 0.0	UTGN
LGNC	- 0.0	PKIN
UTGN	- 0.0	PKIN
LGNC	- 0.0	LYBC
UTGN	- 0.0	LYBC
LGNC	- 0.0	LINS

Risk-Adjusted Indicators

There is a big difference between Life Pink Sheet performing well and Life Insurance 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 Life Insurance'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
LINS	8.26	3.68	0.00	(0.47)	0.00	0.00	0.00	0.00	275.27
LYBC	0.64	0.02	(0.09)	0.38	0.82	(1.09)	1.25	(1.97)	4.48
PKIN	0.38	(0.22)	0.00	(1.69)	0.00	0.00	0.00	0.00	12.77
UTGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LGNC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Life Insurance without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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