CNO Financial Correlations

CNO Stock

USD 40.99 0.23 0.56%

The current 90-days correlation between CNO Financial Group and FG Annuities Life is 0.66 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CNO Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNO Financial Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CNO Financial Correlation With Market

Poor diversification

The correlation between CNO Financial Group and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CNO Financial Group 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 CNO Financial 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 board of governors.

Moving together with CNO Stock

0.89	GL	Globe Life	Pair Corr
0.76	MET-PE	MetLife Preferred Stock	Pair Corr
0.62	MET-PF	MetLife Preferred Stock	Pair Corr
0.65	AFL	Aflac Incorporated	Pair Corr
0.9	BHF	Brighthouse Financial	Pair Corr
0.86	CIA	Citizens	Pair Corr
0.95	LNC	Lincoln National	Pair Corr
0.68	PRI	Primerica	Pair Corr
0.74	PUK	Prudential PLC ADR	Pair Corr
0.79	UNM	Unum Group	Pair Corr
0.86	ANG-PB	American National	Pair Corr
0.89	V	Visa Class A	Pair Corr
0.65	AC	Associated Capital	Pair Corr
0.89	BK	Bank of New York	Pair Corr

Moving against CNO Stock

0.46	PRU	Prudential Financial	Pair Corr
0.73	BHFAN	Brighthouse Financial	Pair Corr
0.56	DHIL	Diamond Hill Investment	Pair Corr
0.55	BHFAM	Brighthouse Financial	Pair Corr
0.46	BHFAP	Brighthouse Financial	Pair Corr
0.38	BHFAO	Brighthouse Financial	Pair Corr
0.65	LC	LendingClub Corp	Pair Corr
0.45	EG	Everest Group	Pair Corr
0.44	CM	Canadian Imperial Bank	Pair Corr
0.37	BX	Blackstone Group	Pair Corr

Related Correlations Analysis

	MET-PA	FG	PUK	MET-PE	JXN-PA	MET-PF	BHFAP	BHFAO	AEL
MET-PA		0.13	0.37	0.57	-0.03	0.49	-0.3	-0.26	0.0	MET-PA
FG	0.13		-0.2	0.31	0.56	0.42	0.11	0.03	0.0	FG
PUK	0.37	-0.2		0.59	-0.22	0.29	-0.51	-0.32	0.0	PUK
MET-PE	0.57	0.31	0.59		0.32	0.87	-0.12	-0.07	0.0	MET-PE
JXN-PA	-0.03	0.56	-0.22	0.32		0.32	0.38	0.27	0.0	JXN-PA
MET-PF	0.49	0.42	0.29	0.87	0.32		0.07	0.04	0.0	MET-PF
BHFAP	-0.3	0.11	-0.51	-0.12	0.38	0.07		0.91	0.0	BHFAP
BHFAO	-0.26	0.03	-0.32	-0.07	0.27	0.04	0.91		0.0	BHFAO
AEL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AEL
	MET-PA	FG	PUK	MET-PE	JXN-PA	MET-PF	BHFAP	BHFAO	AEL

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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

BHFAO	+ 0.91	BHFAP
MET-PF	+ 0.87	MET-PE
MET-PE	+ 0.59	PUK
MET-PE	+ 0.57	MET-PA
JXN-PA	+ 0.56	FG
MET-PF	+ 0.49	MET-PA

High negative correlations

BHFAP	- 0.51	PUK
BHFAO	- 0.32	PUK
BHFAP	- 0.3	MET-PA
BHFAO	- 0.26	MET-PA
JXN-PA	- 0.22	PUK
PUK	- 0.2	FG

Risk-Adjusted Indicators

There is a big difference between CNO Stock performing well and CNO Financial 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 CNO Financial'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-PA	0.24	0.00	0.16	(0.09)	0.33	(0.29)	0.45	(0.44)	3.27
FG	2.21	(0.21)	0.00	(0.19)	0.00	0.00	3.75	(5.21)	20.86
PUK	1.51	0.42	0.25	0.44	1.48	(1.69)	3.50	(3.20)	9.18
MET-PE	0.58	0.03	0.11	0.05	0.71	(0.71)	1.35	(1.07)	4.99
JXN-PA	0.45	(0.02)	0.00	(0.21)	0.00	0.00	1.08	(1.04)	3.48
MET-PF	0.73	0.03	0.10	0.05	0.78	(0.89)	1.62	(1.41)	4.72
BHFAP	0.90	(0.05)	0.00	(0.23)	0.00	0.00	1.67	(2.35)	6.10
BHFAO	1.11	(0.06)	0.00	(0.20)	0.00	0.00	2.69	(2.43)	7.69
AEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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