Correlation Between Lincoln National and FBL Financial
Can any of the company-specific risk be diversified away by investing in both Lincoln National and FBL Financial at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Lincoln National and FBL Financial into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Lincoln National and FBL Financial Group, you can compare the effects of market volatilities on Lincoln National and FBL Financial and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Lincoln National with a short position of FBL Financial. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lincoln National and FBL Financial.
Diversification Opportunities for Lincoln National and FBL Financial
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Lincoln and FBL is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Lincoln National and FBL Financial Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on FBL Financial Group and Lincoln National is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Lincoln National are associated (or correlated) with FBL Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FBL Financial Group has no effect on the direction of Lincoln National i.e., Lincoln National and FBL Financial go up and down completely randomly.
Pair Corralation between Lincoln National and FBL Financial
If you would invest 2,068 in Lincoln National on January 25, 2024 and sell it today you would earn a total of 775.00 from holding Lincoln National or generate 37.48% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Lincoln National vs. FBL Financial Group
Performance |
| Timeline |
| Lincoln National |
| FBL Financial Group |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Lincoln National and FBL Financial Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Lincoln National and FBL Financial
The main advantage of trading using opposite Lincoln National and FBL Financial positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lincoln National position performs unexpectedly, FBL Financial can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FBL Financial will offset losses from the drop in FBL Financial's long position.| Lincoln National vs. MetLife | Lincoln National vs. Aflac Incorporated | Lincoln National vs. Unum Group | Lincoln National vs. Manulife Financial Corp |
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Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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