China Pacific Correlations

75C Stock

EUR 2.78 0.04 1.42%

The current 90-days correlation between China Pacific Insurance and Ping An Insurance is 0.65 (i.e., Poor diversification). The correlation of China Pacific 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.

China Pacific Correlation With Market

Good diversification

The correlation between China Pacific Insurance and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Pacific Insurance and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to China Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Pacific 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 China Pacific - 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 China Pacific Insurance to buy it.

Moving together with China Stock

0.85	PZX	Ping An Insurance	Pair Corr
0.81	7A2	AIA Group Limited	Pair Corr
0.68	PRU	Prudential plc	Pair Corr
0.73	HYU	Hyundai Motor Earnings Call This Week	Pair Corr
0.72	HYU	Hyundai Motor Earnings Call This Week	Pair Corr
0.76	HYU	Hyundai Motor Earnings Call This Week	Pair Corr

Moving against China Stock

0.77	6GAA	Grupo Aval Acciones	Pair Corr
0.73	6GAA	Grupo Aval Acciones	Pair Corr
0.57	MLU	Manulife Financial	Pair Corr
0.53	MWZ	MetLife	Pair Corr
0.52	QHH	Dai ichi Life	Pair Corr
0.44	ECHA	Ecopetrol SA	Pair Corr
0.32	GWS	Great West Lifeco	Pair Corr
0.85	GIFN	GigaMedia	Pair Corr
0.81	MFZA	Mitsubishi UFJ Financial	Pair Corr
0.8	3RKU	RYOHIN UNSPADR/1	Pair Corr
0.79	DDN	Darden Restaurants	Pair Corr
0.79	CE1	Perdoceo Education	Pair Corr
0.76	SI3	SEI INVESTMENTS	Pair Corr
0.75	ITB	IMPERIAL TOBACCO	Pair Corr
0.66	CFC	UET United Electronic	Pair Corr
0.65	FOO	Salesforce	Pair Corr
0.63	BOV	Apyx Medical Corp	Pair Corr
0.59	AIR	Airbus SE	Pair Corr
0.57	FOO0	SALESFORCE INC CDR	Pair Corr
0.57	FAA	FABASOFT Dusseldorf	Pair Corr
0.55	APC	Apple Inc	Pair Corr
0.4	CJH	CanSino Biologics	Pair Corr
0.73	NU42	Ribbon Communications	Pair Corr
0.73	MEC	Meiko Electronics	Pair Corr
0.72	55O1	MidCap Financial Inv	Pair Corr
0.68	1FA	SPROUTS FARMERS MKT	Pair Corr

Related Correlations Analysis

	PZX	7A2	CHL	MWZ	PRU	PLL	75C	MLU	GWS
PZX		0.74	0.36	-0.55	0.71	-0.28	0.85	-0.4	-0.3	PZX
7A2	0.74		0.16	-0.48	0.67	-0.18	0.81	-0.57	-0.34	7A2
CHL	0.36	0.16		-0.25	0.24	0.09	0.18	0.31	0.29	CHL
MWZ	-0.55	-0.48	-0.25		-0.19	0.76	-0.53	0.69	0.64	MWZ
PRU	0.71	0.67	0.24	-0.19		0.05	0.68	-0.19	-0.06	PRU
PLL	-0.28	-0.18	0.09	0.76	0.05		-0.18	0.67	0.84	PLL
75C	0.85	0.81	0.18	-0.53	0.68	-0.18		-0.57	-0.32	75C
MLU	-0.4	-0.57	0.31	0.69	-0.19	0.67	-0.57		0.83	MLU
GWS	-0.3	-0.34	0.29	0.64	-0.06	0.84	-0.32	0.83		GWS
	PZX	7A2	CHL	MWZ	PRU	PLL	75C	MLU	GWS

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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

75C	+ 0.85	PZX
GWS	+ 0.84	PLL
GWS	+ 0.83	MLU
75C	+ 0.81	7A2
PLL	+ 0.76	MWZ
7A2	+ 0.74	PZX

High negative correlations

MLU	- 0.57	75C
MLU	- 0.57	7A2
MWZ	- 0.55	PZX
75C	- 0.53	MWZ
MWZ	- 0.48	7A2
MLU	- 0.4	PZX

Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China Pacific 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 China Pacific'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
PZX	1.70	(0.22)	0.00	1.39	0.00	0.00	3.34	(3.85)	10.37
7A2	1.35	(0.19)	0.00	(1.13)	0.00	0.00	2.61	(2.39)	7.87
CHL	2.00	0.04	0.01	0.30	2.32	(2.70)	4.29	(4.74)	20.63
MWZ	1.20	0.17	0.10	0.37	1.43	(1.39)	3.70	(2.89)	8.83
PRU	1.62	(0.11)	0.00	(0.32)	0.00	0.00	3.23	(3.85)	9.46
PLL	1.03	0.08	0.06	0.19	1.13	(1.23)	2.64	(2.43)	7.14
75C	2.19	(0.24)	0.00	1.55	0.00	0.00	4.67	(4.49)	12.26
MLU	0.93	0.15	0.11	(3.32)	1.10	(1.03)	2.58	(2.24)	7.13
GWS	0.77	0.06	0.03	(14.97)	0.98	(1.02)	1.82	(1.92)	6.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in China Pacific 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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China Pacific Corporate Management

Elected by the shareholders, the China Pacific's board of directors comprises two types of representatives: China Pacific inside directors who are chosen from within the company, and outside directors, selected externally and held independent of China. The board's role is to monitor China Pacific's management team and ensure that shareholders' interests are well served. China Pacific's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, China Pacific's outside directors are responsible for providing unbiased perspectives on the board's policies.

Fan Fu	Pres Director	Profile
Weidong Zhang	Chief Councilor	Profile
Gang Su	Chief Officer	Profile
Xin Ma	VP Sec	Profile
Zhonghua Qian	Chief Officer	Profile
Shaojun Su	Joint Matters	Profile
Yuanhan Zhang	Chief CFO	Profile

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