Jackson Financial Correlations

JXN Stock

USD 85.58 1.29 1.53%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jackson Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jackson Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Jackson Financial Correlation With Market

Good diversification

The correlation between Jackson Financial and DJI is -0.1 (i.e., Good 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jackson 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 interest.

To learn how to invest in Jackson Stock, please use our How to Invest in Jackson Financial guide.

Moving together with Jackson Stock

0.74	MC	Moelis	Pair Corr
0.76	MS	Morgan Stanley	Pair Corr
0.77	RM	Regional Management Corp Normal Trading	Pair Corr
0.81	SF	Stifel Financial	Pair Corr
0.64	ECPG	Encore Capital Group	Pair Corr
0.8	ENVA	Enova International	Pair Corr
0.72	AMP	Ameriprise Financial Sell-off Trend	Pair Corr
0.79	AXP	American Express Sell-off Trend	Pair Corr
0.61	CNF	CNFinance Holdings	Pair Corr
0.64	COF	Capital One Financial	Pair Corr
0.73	EVR	Evercore Partners	Pair Corr
0.79	HLI	Houlihan Lokey	Pair Corr

Moving against Jackson Stock

0.63	TW	Tradeweb Markets Normal Trading	Pair Corr
0.54	LU	Lufax Holding	Pair Corr
0.39	DX	Dynex Capital	Pair Corr
0.38	DB	Deutsche Bank AG	Pair Corr
0.35	EFC	Ellington Financial	Pair Corr
0.32	ARI	Apollo Commercial Real	Pair Corr

Related Correlations Analysis

	PRU	MET	UNM	MFC	AEL	PUK	CNO	NWLI	BHFAP	FG
PRU		0.62	-0.32	0.51	0.0	-0.75	-0.48	0.0	0.54	0.25	PRU
MET	0.62		0.25	0.28	0.0	-0.37	0.12	0.0	0.29	0.5	MET
UNM	-0.32	0.25		-0.15	0.0	0.44	0.53	0.0	-0.37	-0.1	UNM
MFC	0.51	0.28	-0.15		0.0	-0.19	-0.18	0.0	0.56	-0.04	MFC
AEL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AEL
PUK	-0.75	-0.37	0.44	-0.19	0.0		0.6	0.0	-0.47	-0.18	PUK
CNO	-0.48	0.12	0.53	-0.18	0.0	0.6		0.0	-0.35	0.28	CNO
NWLI	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NWLI
BHFAP	0.54	0.29	-0.37	0.56	0.0	-0.47	-0.35	0.0		0.1	BHFAP
FG	0.25	0.5	-0.1	-0.04	0.0	-0.18	0.28	0.0	0.1		FG
	PRU	MET	UNM	MFC	AEL	PUK	CNO	NWLI	BHFAP	FG

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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

MET	+ 0.62	PRU
CNO	+ 0.6	PUK
BHFAP	+ 0.56	MFC
BHFAP	+ 0.54	PRU
CNO	+ 0.53	UNM
MFC	+ 0.51	PRU

High negative correlations

PUK	- 0.75	PRU
CNO	- 0.48	PRU
BHFAP	- 0.47	PUK
BHFAP	- 0.37	UNM
PUK	- 0.37	MET
BHFAP	- 0.35	CNO

Risk-Adjusted Indicators

There is a big difference between Jackson 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
PRU	1.07	(0.04)	0.00	(0.10)	0.00	0.00	2.08	(3.30)	7.14
MET	1.13	0.08	0.04	0.00	1.66	(1.08)	2.18	(3.03)	7.37
UNM	1.08	0.21	0.17	0.19	1.23	(1.25)	2.33	(2.16)	10.02
MFC	1.22	0.08	0.04	0.01	1.77	(1.20)	2.88	(2.87)	11.54
AEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PUK	1.54	0.49	0.31	0.56	1.36	(1.83)	3.50	(2.61)	9.18
CNO	1.07	0.17	0.17	(3.85)	1.25	(1.16)	2.63	(2.15)	6.76
NWLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BHFAP	0.91	(0.01)	0.00	(0.10)	0.00	0.00	1.67	(2.35)	6.10
FG	2.21	(0.21)	0.00	(0.19)	0.00	0.00	3.75	(5.21)	20.86

Jackson Financial Corporate Management

CFA CFA	Vice LLC	Profile
Michael Hicks	Senior Officer	Profile
Carrie Chelko	Executive Counsel	Profile
Dana Rapier	Senior Jackson	Profile
Elizabeth Werner	Head Relations	Profile
Michael CPA	Senior Treasurer	Profile

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