Corebridge Financial Correlations

CRBG Stock

USD 32.40 0.08 0.25%

The current 90-days correlation between Corebridge Financial and TPG Inc is 0.78 (i.e., Poor diversification). The correlation of Corebridge Financial 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.

Corebridge Financial Correlation With Market

Very weak diversification

The correlation between Corebridge Financial and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Corebridge Financial 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 Corebridge 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 bureau of labor statistics.

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

Moving together with Corebridge Stock

0.82	V	Visa Class A	Pair Corr
0.61	DX	Dynex Capital	Pair Corr
0.69	GS	Goldman Sachs Group	Pair Corr
0.64	LX	Lexinfintech Holdings	Pair Corr
0.78	MA	Mastercard	Pair Corr
0.62	XP	Xp Inc	Pair Corr
0.87	GCMGW	GCM Grosvenor	Pair Corr
0.65	VIRT	Virtu Financial	Pair Corr
0.77	EMCGU	Embrace Change Acqui	Pair Corr

Moving against Corebridge Stock

0.49	DHIL	Diamond Hill Investment	Pair Corr
0.43	LC	LendingClub Corp	Pair Corr
0.56	VRTS	Virtus Investment	Pair Corr
0.43	WT	WisdomTree	Pair Corr
0.42	LGHLW	Lion Financial Group	Pair Corr
0.4	WD	Walker Dunlop	Pair Corr

Related Correlations Analysis

	FMN	MYD	DHIL	NXG	FHI	ARES	TPG	PAX	APO	CION
FMN		0.92	-0.27	0.36	-0.29	0.13	-0.16	0.34	-0.15	0.76	FMN
MYD	0.92		-0.26	0.39	-0.28	0.01	-0.24	0.38	-0.24	0.66	MYD
DHIL	-0.27	-0.26		-0.47	0.78	0.28	0.51	0.12	0.59	-0.15	DHIL
NXG	0.36	0.39	-0.47		-0.68	0.14	-0.11	0.18	-0.23	0.09	NXG
FHI	-0.29	-0.28	0.78	-0.68		0.02	0.26	0.15	0.44	-0.25	FHI
ARES	0.13	0.01	0.28	0.14	0.02		0.91	0.39	0.86	-0.06	ARES
TPG	-0.16	-0.24	0.51	-0.11	0.26	0.91		0.29	0.96	-0.3	TPG
PAX	0.34	0.38	0.12	0.18	0.15	0.39	0.29		0.39	0.11	PAX
APO	-0.15	-0.24	0.59	-0.23	0.44	0.86	0.96	0.39		-0.29	APO
CION	0.76	0.66	-0.15	0.09	-0.25	-0.06	-0.3	0.11	-0.29		CION
	FMN	MYD	DHIL	NXG	FHI	ARES	TPG	PAX	APO	CION

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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

APO	+ 0.96	TPG
MYD	+ 0.92	FMN
TPG	+ 0.91	ARES
APO	+ 0.86	ARES
FHI	+ 0.78	DHIL
CION	+ 0.76	FMN

High negative correlations

FHI	- 0.68	NXG
NXG	- 0.47	DHIL
CION	- 0.3	TPG
CION	- 0.29	APO
FHI	- 0.29	FMN
FHI	- 0.28	MYD

Risk-Adjusted Indicators

There is a big difference between Corebridge Stock performing well and Corebridge 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 Corebridge 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
FMN	0.45	(0.02)	0.00	(0.19)	0.00	0.00	0.81	(0.99)	3.01
MYD	0.47	(0.04)	0.00	(0.30)	0.00	0.00	0.97	(1.06)	2.63
DHIL	0.88	(0.10)	0.00	(0.20)	0.00	0.00	1.52	(2.53)	5.26
NXG	1.56	0.14	0.06	0.21	2.69	(1.47)	3.26	(4.66)	13.35
FHI	0.90	(0.06)	0.00	(0.15)	0.00	0.00	1.66	(2.41)	6.23
ARES	1.84	(0.17)	0.00	(0.16)	0.00	0.00	2.70	(5.11)	11.83
TPG	1.87	(0.31)	0.00	(0.29)	0.00	0.00	3.04	(4.92)	10.89
PAX	1.59	(0.01)	0.00	(0.08)	0.00	0.00	3.87	(3.45)	10.57
APO	1.79	(0.20)	0.00	(0.21)	0.00	0.00	3.45	(4.09)	8.29
CION	0.99	(0.10)	0.00	(0.28)	0.00	0.00	1.65	(2.08)	7.53

Corebridge Financial Corporate Management

Amber Miller	Chief VP	Profile
Todd Solash	Life Retirement	Profile
Lisa Longino	Executive Officer	Profile
Josh Smith	Head Relations	Profile
Chris Banthin	Chief Secretary	Profile
Isil Muderrisoglu	Head Relations	Profile
Liz Cropper	Chief Officer	Profile

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