Allianz SE Correlations

ALIZF Stock

USD 326.96 6.54 1.96%

The current 90-days correlation between Allianz SE and Assicurazioni Generali SpA is 0.08 (i.e., Significant diversification). The correlation of Allianz SE 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.

Allianz SE Correlation With Market

Significant diversification

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

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

Moving together with Allianz Pink Sheet

0.61

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Pair Corr

Related Correlations Analysis

	ARZGY	AXAHF	ATH-PB	ATH-PC	ACGLO	ARZGF	AGESY	SAXPY	ZURVY
ARZGY		0.11	-0.21	0.62	-0.44	0.67	-0.03	-0.32	0.26	ARZGY
AXAHF	0.11		0.38	-0.23	0.46	0.06	0.62	0.46	-0.15	AXAHF
ATH-PB	-0.21	0.38		-0.52	0.89	-0.62	0.77	0.81	0.31	ATH-PB
ATH-PC	0.62	-0.23	-0.52		-0.73	0.74	-0.48	-0.72	-0.03	ATH-PC
ACGLO	-0.44	0.46	0.89	-0.73		-0.72	0.81	0.89	0.13	ACGLO
ARZGF	0.67	0.06	-0.62	0.74	-0.72		-0.38	-0.62	-0.09	ARZGF
AGESY	-0.03	0.62	0.77	-0.48	0.81	-0.38		0.8	0.02	AGESY
SAXPY	-0.32	0.46	0.81	-0.72	0.89	-0.62	0.8		0.2	SAXPY
ZURVY	0.26	-0.15	0.31	-0.03	0.13	-0.09	0.02	0.2		ZURVY
	ARZGY	AXAHF	ATH-PB	ATH-PC	ACGLO	ARZGF	AGESY	SAXPY	ZURVY

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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

ACGLO	+ 0.89	ATH-PB
SAXPY	+ 0.89	ACGLO
SAXPY	+ 0.81	ATH-PB
AGESY	+ 0.81	ACGLO
SAXPY	+ 0.8	AGESY
AGESY	+ 0.77	ATH-PB

High negative correlations

ACGLO	- 0.73	ATH-PC
ARZGF	- 0.72	ACGLO
SAXPY	- 0.72	ATH-PC
SAXPY	- 0.62	ARZGF
ARZGF	- 0.62	ATH-PB
ATH-PC	- 0.52	ATH-PB

Risk-Adjusted Indicators

There is a big difference between Allianz Pink Sheet performing well and Allianz SE 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 Allianz SE'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
ARZGY	0.96	0.18	0.11	1.30	0.84	(1.12)	2.28	(1.49)	7.75
AXAHF	1.10	0.00	(0.03)	0.01	1.50	(1.93)	2.77	(3.26)	8.55
ATH-PB	1.13	(0.16)	0.00	(0.14)	0.00	0.00	2.91	(2.64)	5.61
ATH-PC	0.16	0.01	(0.27)	0.22	0.13	(0.17)	0.32	(0.32)	0.92
ACGLO	0.71	(0.14)	0.00	(0.34)	0.00	0.00	1.64	(1.41)	4.53
ARZGF	0.50	0.26	0.00	(1.98)	0.00	0.00	0.00	0.00	10.15
AGESY	0.95	(0.04)	0.00	(0.05)	0.00	0.00	1.93	(2.47)	6.26
SAXPY	0.80	(0.11)	0.00	(0.57)	0.00	0.00	1.18	(1.67)	5.23
ZURVY	0.77	(0.01)	(0.05)	0.04	1.03	(0.82)	1.46	(1.45)	6.62

Be your own money manager

Our tools can tell you how much better you can do entering a position in Allianz SE 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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Allianz SE Corporate Management

Oliver Bate	Chairman CEO	Profile
Giulio Terzariol	Member of the Management Board	Profile
Ivan Sota	Member of the Management Board, Chief Business Transformation Officer	Profile
Sergio Balbinot	Member of the Management Board	Profile
KlausPeter Rohler	Member Board	Profile
Barbara KaruthZelle	COO Board	Profile
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