MetLife Preferred Correlations
| MET-PF Preferred Stock | USD 20.97 0.24 1.16% |
The correlation of MetLife Preferred 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MetLife Preferred moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MetLife Preferred Stock moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between MetLife Preferred Stock and NYA is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MetLife Preferred Stock and NYA in the same portfolio, assuming nothing else is changed.
MetLife |
The ability to find closely correlated positions to MetLife Preferred could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MetLife Preferred 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 MetLife Preferred - 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 MetLife Preferred Stock to buy it.
Moving together with MetLife Preferred Stock
| 0.91 | GL | Globe Life | PairCorr |
| 0.93 | MET-PE | MetLife Preferred Stock | PairCorr |
| 0.67 | FLFG | Federal Life Group | PairCorr |
| 0.66 | CIA | Citizens | PairCorr |
| 0.62 | CNO | CNO Financial Group Financial Report 6th of May 2024 | PairCorr |
| 0.69 | GWLIF | Great West Lifeco Normal Trading | PairCorr |
| 0.77 | PRI | Primerica Earnings Call This Week | PairCorr |
Moving against MetLife Preferred Stock
| 0.61 | JXN | Jackson Financial Financial Report 14th of May 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between MetLife Preferred Stock performing well and MetLife Preferred 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 MetLife Preferred'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in MetLife Preferred 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.Did you try this?
Run Fundamentals Comparison Now
Fundamentals ComparisonCompare fundamentals across multiple equities to find investing opportunities |
| All Next | Launch Module |
MetLife Preferred Corporate Management
Elected by the shareholders, the MetLife Preferred's board of directors comprises two types of representatives: MetLife Preferred inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MetLife. The board's role is to monitor MetLife Preferred's management team and ensure that shareholders' interests are well served. MetLife Preferred's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, MetLife Preferred's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michel Khalaf | Pres CEO | Profile | |
| John Hall | VP Relations | Profile | |
| Bill Pappas | Ex Operations | Profile | |
| Randolph Clerihue | Chief Officer | Profile | |
| Steven Goulart | Ex Officer | Profile | |
| Pawan Verma | Ex Officer | Profile | |
| Stephen Gauster | Exec Counsel | Profile |
Already Invested in MetLife Preferred Stock?
The danger of trading MetLife Preferred Stock is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MetLife Preferred is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MetLife Preferred. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MetLife Preferred Stock is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MetLife Preferred Stock. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for MetLife Preferred Stock analysis
When running MetLife Preferred's price analysis, check to measure MetLife Preferred's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MetLife Preferred is operating at the current time. Most of MetLife Preferred's value examination focuses on studying past and present price action to predict the probability of MetLife Preferred's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MetLife Preferred's price. Additionally, you may evaluate how the addition of MetLife Preferred to your portfolios can decrease your overall portfolio volatility.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |