Jackson Financial Correlations

JXN-PA Preferred Stock

25.95 0.03 0.12%

The current 90-days correlation between Jackson Financial and Imax Corp is -0.04 (i.e., Good diversification). The correlation of Jackson 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.

Jackson Financial Correlation With Market

Modest diversification

The correlation between Jackson Financial and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jackson Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Jackson Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jackson Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jackson Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jackson Financial to buy it.

Moving together with Jackson Preferred Stock

0.61	ABL	Abacus Life	Pair Corr
0.77	GNW	Genworth Financial	Pair Corr
0.69	AX	Axos Financial	Pair Corr
0.73	BY	Byline Bancorp	Pair Corr

Moving against Jackson Preferred Stock

0.34	LU	Lufax Holding	Pair Corr
0.32	DB	Deutsche Bank AG	Pair Corr

Related Correlations Analysis

	IMAX	UVE	DIISY	MOH	TV	TTGT	GEOUF
IMAX		0.44	0.12	-0.28	0.47	-0.25	-0.11	IMAX
UVE	0.44		0.38	0.29	-0.02	-0.45	-0.54	UVE
DIISY	0.12	0.38		0.57	0.32	-0.78	-0.76	DIISY
MOH	-0.28	0.29	0.57		-0.14	-0.35	-0.56	MOH
TV	0.47	-0.02	0.32	-0.14		-0.28	-0.17	TV
TTGT	-0.25	-0.45	-0.78	-0.35	-0.28		0.69	TTGT
GEOUF	-0.11	-0.54	-0.76	-0.56	-0.17	0.69		GEOUF
	IMAX	UVE	DIISY	MOH	TV	TTGT	GEOUF

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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

GEOUF	+ 0.69	TTGT
MOH	+ 0.57	DIISY
TV	+ 0.47	IMAX
UVE	+ 0.44	IMAX
DIISY	+ 0.38	UVE
TV	+ 0.32	DIISY

High negative correlations

TTGT	- 0.78	DIISY
GEOUF	- 0.76	DIISY
GEOUF	- 0.56	MOH
GEOUF	- 0.54	UVE
TTGT	- 0.45	UVE
TTGT	- 0.35	MOH

Risk-Adjusted Indicators

There is a big difference between Jackson Preferred Stock performing well and Jackson 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 Jackson 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
IMAX	1.49	0.11	0.06	0.05	1.82	(1.51)	3.35	(2.58)	7.94
UVE	1.26	0.06	0.06	0.06	1.48	(1.38)	2.40	(2.38)	12.00
DIISY	0.96	0.20	0.08	0.90	1.25	(2.18)	3.06	(2.01)	15.05
MOH	1.97	0.11	0.04	0.08	2.88	(1.98)	3.92	(4.32)	14.91
TV	2.11	(0.16)	0.00	(0.26)	0.00	0.00	4.21	(5.03)	14.97
TTGT	2.38	(0.51)	0.00	(0.67)	0.00	0.00	3.51	(5.22)	14.70
GEOUF	0.70	(0.11)	0.00	7.92	0.00	0.00	0.00	(1.17)	19.51

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jackson Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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