Unum Correlations

UNM Stock

USD 78.15 1.37 1.78%

The current 90-days correlation between Unum Group and Globe Life is 0.5 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Unum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unum Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Unum Correlation With Market

Modest diversification

The correlation between Unum Group and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unum Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Unum Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unum Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Unum Stock

0.7	CNO	CNO Financial Group	Pair Corr
0.61	GNW	Genworth Financial	Pair Corr
0.66	SLF	Sun Life Financial	Pair Corr
0.7	MFC	Manulife Financial Corp Earnings Call This Week	Pair Corr
0.68	FNMFO	Federal National Mortgage	Pair Corr
0.85	BAC-PL	Bank of America	Pair Corr
0.72	WFC-PL	Wells Fargo	Pair Corr
0.61	FET	Forum Energy Technologies	Pair Corr
0.72	UEC	Uranium Energy Corp	Pair Corr
0.79	BMXC	Bemax Inc	Pair Corr
0.87	CVI	CVR Energy	Pair Corr
0.79	BK	Bank of New York	Pair Corr
0.83	GS	Goldman Sachs Group	Pair Corr
0.78	PLG	Platinum Group Metals	Pair Corr
0.85	DRDGF	Drdgold	Pair Corr

Moving against Unum Stock

0.75	TRUP	Trupanion	Pair Corr
0.67	601318	Ping An Insurance	Pair Corr
0.66	FG	FG Annuities Life	Pair Corr
0.59	MPXOF	MPX International Corp	Pair Corr

Related Correlations Analysis

	MET	GL	AEG	RGA	RNR	CIB	WF	CNA	BSAC
MET		0.28	0.75	0.7	0.39	-0.02	0.21	0.25	0.02	MET
GL	0.28		0.41	0.13	-0.4	-0.62	0.43	0.45	-0.55	GL
AEG	0.75	0.41		0.41	0.39	0.15	0.54	-0.07	0.2	AEG
RGA	0.7	0.13	0.41		0.35	-0.14	-0.07	0.52	-0.18	RGA
RNR	0.39	-0.4	0.39	0.35		0.51	0.05	-0.32	0.5	RNR
CIB	-0.02	-0.62	0.15	-0.14	0.51		-0.04	-0.74	0.94	CIB
WF	0.21	0.43	0.54	-0.07	0.05	-0.04		-0.31	0.14	WF
CNA	0.25	0.45	-0.07	0.52	-0.32	-0.74	-0.31		-0.85	CNA
BSAC	0.02	-0.55	0.2	-0.18	0.5	0.94	0.14	-0.85		BSAC
	MET	GL	AEG	RGA	RNR	CIB	WF	CNA	BSAC

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

BSAC	+ 0.94	CIB
AEG	+ 0.75	MET
RGA	+ 0.7	MET
WF	+ 0.54	AEG
CNA	+ 0.52	RGA
CIB	+ 0.51	RNR

High negative correlations

BSAC	- 0.85	CNA
CNA	- 0.74	CIB
CIB	- 0.62	GL
BSAC	- 0.55	GL
RNR	- 0.4	GL
CNA	- 0.32	RNR

Risk-Adjusted Indicators

There is a big difference between Unum Stock performing well and Unum 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 Unum'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
MET	0.95	(0.07)	(0.02)	0.04	1.46	(0.91)	2.30	(2.69)	7.94
GL	0.87	(0.16)	0.00	(0.13)	0.00	0.00	1.70	(2.22)	5.75
AEG	0.87	0.09	0.01	0.69	1.01	(0.96)	1.52	(1.69)	10.23
RGA	0.96	0.01	(0.01)	0.11	1.13	(1.04)	1.98	(2.20)	5.96
RNR	1.16	0.17	0.06	1.53	1.28	(1.27)	2.58	(1.83)	7.31
CIB	1.15	0.45	0.27	3.19	0.95	(1.36)	3.13	(2.31)	7.48
WF	1.19	(0.07)	0.00	(0.02)	0.00	0.00	2.49	(2.43)	10.59
CNA	0.83	(0.08)	0.00	(0.14)	0.00	0.00	1.30	(1.77)	5.15
BSAC	1.02	0.28	0.17	0.52	1.10	(1.13)	2.32	(2.07)	5.15

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