Primerica Correlations

PRI Stock

USD 267.39 0.33 0.12%

The current 90-days correlation between Primerica and Globe Life is 0.75 (i.e., Poor diversification). The correlation of Primerica 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.

Primerica Correlation With Market

Poor diversification

The correlation between Primerica and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Primerica and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Primerica Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primerica. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Primerica Stock please use our How to Invest in Primerica guide.

Moving together with Primerica Stock

0.74	LNC	Lincoln National	Pair Corr
0.81	MET	MetLife	Pair Corr
0.68	MFC	Manulife Financial Corp	Pair Corr
0.73	PRU	Prudential Financial	Pair Corr
0.9	UNM	Unum Group	Pair Corr
0.65	L	Loews Corp	Pair Corr
0.65	V	Visa Class A	Pair Corr
0.63	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.69	BY	Byline Bancorp Earnings Call This Week	Pair Corr

Moving against Primerica Stock

0.4	FG	FG Annuities Life	Pair Corr
0.31	CIA	Citizens	Pair Corr

Related Correlations Analysis

	GL	PUK	CNO	MET-PA	RGA	THG	EVR	PB
GL		-0.09	0.71	-0.15	0.02	-0.03	-0.11	-0.09	GL
PUK	-0.09		-0.28	0.43	0.44	0.41	0.94	0.7	PUK
CNO	0.71	-0.28		-0.09	0.11	-0.12	-0.32	-0.14	CNO
MET-PA	-0.15	0.43	-0.09		0.76	0.51	0.49	0.65	MET-PA
RGA	0.02	0.44	0.11	0.76		0.64	0.39	0.53	RGA
THG	-0.03	0.41	-0.12	0.51	0.64		0.27	0.1	THG
EVR	-0.11	0.94	-0.32	0.49	0.39	0.27		0.83	EVR
PB	-0.09	0.7	-0.14	0.65	0.53	0.1	0.83		PB
	GL	PUK	CNO	MET-PA	RGA	THG	EVR	PB

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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

EVR	+ 0.94	PUK
PB	+ 0.83	EVR
RGA	+ 0.76	MET-PA
CNO	+ 0.71	GL
PB	+ 0.7	PUK
PB	+ 0.65	MET-PA

High negative correlations

EVR	- 0.32	CNO
CNO	- 0.28	PUK
MET-PA	- 0.15	GL
PB	- 0.14	CNO
THG	- 0.12	CNO
EVR	- 0.11	GL

Risk-Adjusted Indicators

There is a big difference between Primerica Stock performing well and Primerica 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 Primerica'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
GL	1.09	(0.10)	(0.07)	0.02	1.63	(0.99)	2.17	(2.88)	8.40
PUK	1.15	0.37	0.20	(2.49)	0.78	(1.43)	2.92	(1.55)	5.65
CNO	1.25	(0.13)	(0.07)	0.00	1.81	(1.16)	2.48	(2.51)	8.76
MET-PA	0.47	0.07	(0.04)	0.44	0.50	(0.51)	1.17	(0.98)	3.48
RGA	1.18	0.00	(0.01)	0.13	1.29	(1.21)	2.36	(1.97)	8.14
THG	1.09	0.11	(0.03)	(0.70)	1.17	(1.18)	2.13	(1.92)	6.68
EVR	1.71	0.53	0.33	0.41	1.35	(2.05)	5.02	(2.86)	12.68
PB	0.98	0.06	0.04	0.19	1.05	(1.01)	2.62	(2.08)	7.25

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