FG Annuities Correlations

FG Stock

USD 34.70 1.74 4.77%

The current 90-days correlation between FG Annuities Life and CNO Financial Group is -0.01 (i.e., Good diversification). The correlation of FG Annuities 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.

FG Annuities Correlation With Market

Very weak diversification

The correlation between FG Annuities Life and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FG Annuities Life and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FG Annuities Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with FG Annuities Stock

0.68	GNW	Genworth Financial	Pair Corr
0.65	AAME	Atlantic American	Pair Corr
0.69	C	Citigroup Aggressive Push	Pair Corr
0.7	BN	Brookfield Corp	Pair Corr

Moving against FG Annuities Stock

0.42	ABLLW	Abacus Life	Pair Corr
0.36	CB	Chubb	Pair Corr
0.36	EG	Everest Group	Pair Corr

Related Correlations Analysis

	CNO	MET-PA	PUK	BHFAP	AEL	MET-PE	NWLI	MDWT	LNC
CNO		0.61	0.73	-0.49	0.0	0.76	0.0	0.0	0.95	CNO
MET-PA	0.61		0.39	-0.33	0.0	0.58	0.0	0.0	0.61	MET-PA
PUK	0.73	0.39		-0.52	0.0	0.57	0.0	0.0	0.74	PUK
BHFAP	-0.49	-0.33	-0.52		0.0	-0.12	0.0	0.0	-0.52	BHFAP
AEL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AEL
MET-PE	0.76	0.58	0.57	-0.12	0.0		0.0	0.0	0.7	MET-PE
NWLI	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NWLI
MDWT	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	MDWT
LNC	0.95	0.61	0.74	-0.52	0.0	0.7	0.0	0.0		LNC
	CNO	MET-PA	PUK	BHFAP	AEL	MET-PE	NWLI	MDWT	LNC

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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

LNC	+ 0.95	CNO
MET-PE	+ 0.76	CNO
LNC	+ 0.74	PUK
PUK	+ 0.73	CNO
LNC	+ 0.7	MET-PE
MET-PA	+ 0.61	CNO

High negative correlations

LNC	- 0.52	BHFAP
BHFAP	- 0.52	PUK
BHFAP	- 0.49	CNO
BHFAP	- 0.33	MET-PA
MET-PE	- 0.12	BHFAP
LNC	- 0.0	MDWT

Risk-Adjusted Indicators

There is a big difference between FG Annuities Stock performing well and FG Annuities 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 FG Annuities' 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
CNO	1.14	0.12	0.12	(1.10)	1.55	(1.14)	2.63	(2.56)	6.76
MET-PA	0.24	0.00	0.18	(0.06)	0.33	(0.28)	0.45	(0.44)	3.27
PUK	1.53	0.24	0.18	(20.48)	1.64	(1.64)	3.31	(3.20)	9.18
BHFAP	0.91	(0.07)	0.00	(0.29)	0.00	0.00	1.67	(2.35)	6.10
AEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MET-PE	0.58	0.03	0.12	0.05	0.71	(0.71)	1.35	(1.07)	4.99
NWLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MDWT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LNC	1.56	0.20	0.12	(1.36)	2.09	(1.57)	3.61	(3.56)	11.30

FG Annuities Corporate Management

William II	Executive Board	Profile
Jodi Ahlman	General Secretary	Profile
John Currier	Senior Vice President and Chief Actuary	Profile
Leena CFA	Executive Officer	Profile
Dave Czerwonka	Senior Officer	Profile
Lisa FoxworthyParker	Senior Relations	Profile

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