Sun Life Correlations

SLF Stock

USD 58.54 0.55 0.93%

The current 90-days correlation between Sun Life Financial and American International Group is -0.01 (i.e., Good diversification). The correlation of Sun Life 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.

Sun Life Correlation With Market

Average diversification

The correlation between Sun Life Financial and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sun Life Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sun Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Life 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 inflation.

Moving together with Sun Stock

0.79	MFC	Manulife Financial Corp Earnings Call This Week	Pair Corr
0.66	UNM	Unum Group	Pair Corr
0.66	PRU	Prudential plc	Pair Corr
0.67	OSCR	Oscar Health	Pair Corr
0.74	OMU	Old Mutual	Pair Corr
0.7	ELF	E L Financial	Pair Corr
0.71	POW	Power Earnings Call This Week	Pair Corr
0.82	MFC	Manulife Financial Corp Earnings Call This Week	Pair Corr

Moving against Sun Stock

0.85	FG	FG Annuities Life Normal Trading	Pair Corr
0.6	HDFCLIFE	HDFC Life Insurance	Pair Corr
0.58	PRU	Prudential Financial	Pair Corr
0.56	000627	Hubei Biocause Pharm	Pair Corr
0.53	601318	Ping An Insurance	Pair Corr
0.49	LGEN	Legal General Group	Pair Corr
0.41	GL	Globe Life	Pair Corr
0.69	MPL	Medibank Private	Pair Corr
0.69	TRUP	Trupanion	Pair Corr
0.57	ICICIPRULI	ICICI Prudential Life	Pair Corr
0.54	HSD	Hansard Global Plc	Pair Corr
0.5	SGIOF	Shionogi	Pair Corr
0.35	MFSL	Max Financial Services Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EQH	AIG	ACGL	ORI	HIG	GSHD	ESGR	ACGLO	AXAHY	IGIC
EQH		0.11	0.45	-0.36	0.64	0.81	-0.74	-0.22	0.62	0.84	EQH
AIG	0.11		0.67	0.35	0.4	0.06	-0.14	-0.05	0.13	0.17	AIG
ACGL	0.45	0.67		0.25	0.82	0.4	-0.44	-0.14	0.41	0.63	ACGL
ORI	-0.36	0.35	0.25		0.24	-0.66	0.53	0.73	-0.35	-0.3	ORI
HIG	0.64	0.4	0.82	0.24		0.45	-0.45	0.03	0.41	0.75	HIG
GSHD	0.81	0.06	0.4	-0.66	0.45		-0.83	-0.61	0.7	0.85	GSHD
ESGR	-0.74	-0.14	-0.44	0.53	-0.45	-0.83		0.6	-0.83	-0.79	ESGR
ACGLO	-0.22	-0.05	-0.14	0.73	0.03	-0.61	0.6		-0.43	-0.32	ACGLO
AXAHY	0.62	0.13	0.41	-0.35	0.41	0.7	-0.83	-0.43		0.72	AXAHY
IGIC	0.84	0.17	0.63	-0.3	0.75	0.85	-0.79	-0.32	0.72		IGIC
	EQH	AIG	ACGL	ORI	HIG	GSHD	ESGR	ACGLO	AXAHY	IGIC

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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

IGIC	+ 0.85	GSHD
IGIC	+ 0.84	EQH
HIG	+ 0.82	ACGL
GSHD	+ 0.81	EQH
IGIC	+ 0.75	HIG
ACGLO	+ 0.73	ORI

High negative correlations

AXAHY	- 0.83	ESGR
ESGR	- 0.83	GSHD
IGIC	- 0.79	ESGR
ESGR	- 0.74	EQH
GSHD	- 0.66	ORI
ACGLO	- 0.61	GSHD

Risk-Adjusted Indicators

There is a big difference between Sun Stock performing well and Sun 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 Sun 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
EQH	1.32	(0.28)	0.00	(0.11)	0.00	0.00	2.33	(2.95)	10.77
AIG	0.98	(0.04)	(0.04)	0.02	1.72	(0.95)	1.79	(2.41)	7.91
ACGL	1.06	0.00	(0.06)	0.11	1.35	(1.15)	2.06	(2.60)	6.74
ORI	0.97	0.11	0.05	0.26	1.32	(0.97)	2.07	(2.41)	7.25
HIG	0.77	(0.03)	(0.06)	0.05	1.10	(0.74)	1.58	(1.92)	5.53
GSHD	1.92	(0.43)	0.00	(0.27)	0.00	0.00	3.36	(4.46)	14.11
ESGR	0.15	0.01	(0.43)	0.30	0.07	(0.17)	0.37	(0.20)	0.85
ACGLO	0.40	0.01	(0.08)	0.12	0.47	(0.41)	0.80	(0.74)	3.11
AXAHY	0.85	(0.22)	0.00	(0.25)	0.00	0.00	1.62	(2.38)	6.54
IGIC	1.08	(0.19)	0.00	(0.20)	0.00	0.00	1.93	(2.48)	6.26

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