Globe Life Correlations

GL Stock

USD 126.97 0.65 0.51%

The current 90-days correlation between Globe Life and Prudential PLC ADR is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Globe Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globe Life moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Globe Life Correlation With Market

Very weak diversification

The correlation between Globe Life and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Globe Life and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe 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 bureau of economic analysis.

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

Moving together with Globe Stock

0.68	MET-PE	MetLife Preferred Stock	Pair Corr
0.8	BHF	Brighthouse Financial Normal Trading	Pair Corr
0.68	CIA	Citizens	Pair Corr
0.91	CNO	CNO Financial Group	Pair Corr
0.84	LNC	Lincoln National	Pair Corr
0.75	PUK	Prudential PLC ADR	Pair Corr
0.85	UNM	Unum Group	Pair Corr
0.61	BK	Bank of New York	Pair Corr

Moving against Globe Stock

0.6	PRU	Prudential Financial	Pair Corr
0.77	BHFAN	Brighthouse Financial	Pair Corr
0.64	DHIL	Diamond Hill Investment	Pair Corr
0.58	BHFAM	Brighthouse Financial	Pair Corr
0.53	BHFAP	Brighthouse Financial	Pair Corr
0.44	BHFAO	Brighthouse Financial	Pair Corr
0.37	ANG-PA	American National	Pair Corr
0.76	LC	LendingClub Corp	Pair Corr
0.59	CM	Canadian Imperial Bank	Pair Corr
0.49	AX	Axos Financial	Pair Corr
0.35	EG	Everest Group	Pair Corr

Related Correlations Analysis

	PUK	CNO	MET-PA	AEL	NWLI	MDWT	MET	PRU	UNM	LNC
PUK		0.69	0.26	0.0	0.0	0.0	-0.24	-0.75	0.74	0.73	PUK
CNO	0.69		0.38	0.0	0.0	0.0	0.23	-0.51	0.75	0.95	CNO
MET-PA	0.26	0.38		0.0	0.0	0.0	0.29	-0.22	0.3	0.39	MET-PA
AEL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AEL
NWLI	0.0	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	0.0	MDWT
MET	-0.24	0.23	0.29	0.0	0.0	0.0		0.45	0.04	0.09	MET
PRU	-0.75	-0.51	-0.22	0.0	0.0	0.0	0.45		-0.5	-0.6	PRU
UNM	0.74	0.75	0.3	0.0	0.0	0.0	0.04	-0.5		0.64	UNM
LNC	0.73	0.95	0.39	0.0	0.0	0.0	0.09	-0.6	0.64		LNC
	PUK	CNO	MET-PA	AEL	NWLI	MDWT	MET	PRU	UNM	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
UNM	+ 0.75	CNO
UNM	+ 0.74	PUK
LNC	+ 0.73	PUK
CNO	+ 0.69	PUK
LNC	+ 0.64	UNM

High negative correlations

PRU	- 0.75	PUK
LNC	- 0.6	PRU
PRU	- 0.51	CNO
UNM	- 0.5	PRU
MET	- 0.24	PUK
PRU	- 0.22	MET-PA

Risk-Adjusted Indicators

There is a big difference between Globe Stock performing well and Globe Life 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 Globe Life'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
PUK	1.48	0.44	0.31	15.08	1.38	(1.73)	3.31	(2.61)	9.18
CNO	1.10	0.32	0.21	0.20	1.28	(1.17)	3.03	(2.56)	6.76
MET-PA	0.25	0.01	0.28	(1.35)	0.31	(0.29)	0.45	(0.44)	3.27
AEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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
MET	1.18	0.13	0.06	0.01	1.68	(1.13)	2.35	(3.03)	8.43
PRU	1.10	(0.08)	0.00	0.28	0.00	0.00	2.08	(3.30)	7.14
UNM	1.10	0.31	0.25	0.28	1.08	(1.32)	3.53	(2.16)	10.02
LNC	1.57	0.47	0.21	0.24	1.76	(1.68)	3.65	(3.56)	11.30

Globe Life Corporate Management

Shane Henrie	Corporate Officer	Profile
Pamela Ramirez	Corporate Senior Vice President - Enterprise Transformation	Profile
James Brannen	Independent Director	Profile
Mary Thigpen	Independent Director	Profile

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