Aflac Incorporated Correlations

AFL Stock

USD 108.24 0.46 0.42%

The current 90-days correlation between Aflac Incorporated and Prudential Financial is 0.68 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aflac Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aflac Incorporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aflac Incorporated Correlation With Market

Very weak diversification

The correlation between Aflac Incorporated and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aflac Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aflac Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy Aflac Stock please use our How to buy in Aflac Stock guide.

Moving together with Aflac Stock

0.76	GL	Globe Life	Pair Corr
0.65	CNO	CNO Financial Group	Pair Corr
0.67	PUK	Prudential PLC ADR	Pair Corr
0.87	UNM	Unum Group	Pair Corr
0.68	ANG-PB	American National	Pair Corr
0.77	L	Loews Corp	Pair Corr
0.75	AB	AllianceBernstein	Pair Corr

Moving against Aflac Stock

0.42	BHFAN	Brighthouse Financial	Pair Corr
0.36	BHFAO	Brighthouse Financial	Pair Corr
0.33	BHFAP	Brighthouse Financial	Pair Corr
0.33	DHIL	Diamond Hill Investment	Pair Corr
0.31	BHFAM	Brighthouse Financial	Pair Corr
0.61	LC	LendingClub Corp	Pair Corr
0.57	CM	Canadian Imperial Bank	Pair Corr
0.51	AX	Axos Financial	Pair Corr
0.41	BX	Blackstone Group	Pair Corr

Related Correlations Analysis

	PRU	LNC	BHF	UNM	MET	MFC	PRI	CNO	PUK	FG
PRU		-0.57	-0.37	-0.48	0.52	0.53	0.0	-0.46	-0.74	0.28	PRU
LNC	-0.57		0.89	0.67	0.22	-0.11	0.48	0.95	0.73	0.32	LNC
BHF	-0.37	0.89		0.62	0.36	-0.13	0.58	0.9	0.6	0.41	BHF
UNM	-0.48	0.67	0.62		0.25	-0.07	0.61	0.79	0.83	-0.1	UNM
MET	0.52	0.22	0.36	0.25		0.37	0.76	0.38	-0.16	0.5	MET
MFC	0.53	-0.11	-0.13	-0.07	0.37		0.01	-0.05	-0.2	0.01	MFC
PRI	0.0	0.48	0.58	0.61	0.76	0.01		0.68	0.26	0.43	PRI
CNO	-0.46	0.95	0.9	0.79	0.38	-0.05	0.68		0.74	0.32	CNO
PUK	-0.74	0.73	0.6	0.83	-0.16	-0.2	0.26	0.74		-0.2	PUK
FG	0.28	0.32	0.41	-0.1	0.5	0.01	0.43	0.32	-0.2		FG
	PRU	LNC	BHF	UNM	MET	MFC	PRI	CNO	PUK	FG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CNO	+ 0.95	LNC
CNO	+ 0.9	BHF
BHF	+ 0.89	LNC
PUK	+ 0.83	UNM
CNO	+ 0.79	UNM
PRI	+ 0.76	MET

High negative correlations

PUK	- 0.74	PRU
LNC	- 0.57	PRU
UNM	- 0.48	PRU
CNO	- 0.46	PRU
BHF	- 0.37	PRU
FG	- 0.2	PUK

Risk-Adjusted Indicators

There is a big difference between Aflac Stock performing well and Aflac Incorporated 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 Aflac Incorporated'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
PRU	1.11	(0.04)	0.00	(0.11)	0.00	0.00	2.08	(3.30)	7.14
LNC	1.60	0.26	0.10	0.12	2.11	(1.60)	3.61	(3.56)	11.30
BHF	1.91	0.39	0.14	0.21	2.24	(2.14)	5.67	(4.21)	21.05
UNM	1.08	0.21	0.17	0.19	1.23	(1.25)	2.33	(2.16)	10.02
MET	1.13	0.08	0.04	0.00	1.66	(1.08)	2.18	(3.03)	7.37
MFC	1.23	0.07	0.03	0.00	1.83	(1.16)	2.88	(2.90)	11.54
PRI	0.97	0.08	0.07	0.03	1.32	(1.00)	2.00	(2.53)	7.02
CNO	1.14	0.19	0.11	0.11	1.55	(1.14)	2.63	(2.56)	6.76
PUK	1.51	0.42	0.25	0.44	1.48	(1.69)	3.50	(3.20)	9.18
FG	2.21	(0.21)	0.00	(0.19)	0.00	0.00	3.75	(5.21)	20.86

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC