Lincoln National Correlations

LNC Stock

USD 35.91 0.77 2.10%

The current 90-days correlation between Lincoln National and Aflac Incorporated is 0.39 (i.e., Weak diversification). The correlation of Lincoln National 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.

Lincoln National Correlation With Market

Good diversification

The correlation between Lincoln National and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lincoln National and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lincoln National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Lincoln Stock refer to our How to Trade Lincoln Stock guide.

Moving together with Lincoln Stock

0.8	GL	Globe Life	Pair Corr
0.61	MET-PA	MetLife Preferred Stock	Pair Corr
0.7	MET-PE	MetLife Preferred Stock	Pair Corr
0.89	BHF	Brighthouse Financial Normal Trading	Pair Corr
0.83	CIA	Citizens	Pair Corr
0.95	CNO	CNO Financial Group	Pair Corr
0.74	PUK	Prudential PLC ADR Normal Trading	Pair Corr
0.64	UNM	Unum Group	Pair Corr
0.85	ANG-PB	American National	Pair Corr
0.92	V	Visa Class A	Pair Corr
0.76	AC	Associated Capital	Pair Corr
0.85	BK	Bank of New York	Pair Corr

Moving against Lincoln Stock

0.57	PRU	Prudential Financial	Pair Corr
0.71	BHFAN	Brighthouse Financial	Pair Corr
0.56	DHIL	Diamond Hill Investment	Pair Corr
0.53	BHFAM	Brighthouse Financial	Pair Corr
0.52	BHFAP	Brighthouse Financial	Pair Corr
0.35	BHFAO	Brighthouse Financial	Pair Corr
0.69	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.59	EG	Everest Group	Pair Corr
0.48	BX	Blackstone Group Normal Trading	Pair Corr
0.47	CM	Canadian Imperial Bank	Pair Corr

Related Correlations Analysis

	MET	AFL	UNM	MFC	PRU	BHF	JXN	FG	JXN-PA	PUK
MET		0.3	0.26	0.23	0.43	0.29	0.64	0.54	0.33	-0.23	MET
AFL	0.3		0.82	-0.05	-0.17	0.5	-0.07	-0.06	-0.12	0.64	AFL
UNM	0.26	0.82		-0.23	-0.51	0.6	-0.24	-0.01	-0.19	0.78	UNM
MFC	0.23	-0.05	-0.23		0.59	-0.19	0.29	-0.09	0.2	-0.27	MFC
PRU	0.43	-0.17	-0.51	0.59		-0.38	0.6	0.21	0.43	-0.73	PRU
BHF	0.29	0.5	0.6	-0.19	-0.38		0.21	0.39	0.12	0.59	BHF
JXN	0.64	-0.07	-0.24	0.29	0.6	0.21		0.74	0.56	-0.4	JXN
FG	0.54	-0.06	-0.01	-0.09	0.21	0.39	0.74		0.59	-0.14	FG
JXN-PA	0.33	-0.12	-0.19	0.2	0.43	0.12	0.56	0.59		-0.23	JXN-PA
PUK	-0.23	0.64	0.78	-0.27	-0.73	0.59	-0.4	-0.14	-0.23		PUK
	MET	AFL	UNM	MFC	PRU	BHF	JXN	FG	JXN-PA	PUK

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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

UNM	+ 0.82	AFL
PUK	+ 0.78	UNM
FG	+ 0.74	JXN
JXN	+ 0.64	MET
PUK	+ 0.64	AFL
BHF	+ 0.6	UNM

High negative correlations

PUK	- 0.73	PRU
PRU	- 0.51	UNM
PUK	- 0.4	JXN
BHF	- 0.38	PRU
PUK	- 0.27	MFC
JXN	- 0.24	UNM

Risk-Adjusted Indicators

There is a big difference between Lincoln Stock performing well and Lincoln National 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 Lincoln National'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
MET	1.13	0.09	0.04	0.00	1.65	(1.08)	2.18	(3.03)	7.37
AFL	0.96	0.07	0.09	1.92	1.36	(0.89)	1.90	(2.31)	7.00
UNM	1.08	0.21	0.17	0.19	1.23	(1.25)	2.33	(2.16)	10.02
MFC	1.26	(0.07)	0.00	0.04	0.00	0.00	2.88	(2.90)	11.54
PRU	1.11	(0.11)	0.00	0.97	0.00	0.00	2.08	(3.30)	7.14
BHF	1.92	0.30	0.14	(5.84)	2.24	(2.11)	5.67	(4.21)	21.05
JXN	1.96	(0.06)	0.00	(0.48)	0.00	0.00	3.86	(4.73)	12.81
FG	2.16	(0.10)	0.00	(0.13)	0.00	0.00	3.75	(5.21)	12.72
JXN-PA	0.45	(0.02)	0.00	(0.20)	0.00	0.00	1.08	(1.04)	3.48
PUK	1.53	0.24	0.18	(20.48)	1.64	(1.64)	3.31	(3.20)	9.18

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