Allianz SE Correlations
| ALIZF Stock | USD 386.00 8.80 2.33% |
The current 90-days correlation between Allianz SE and Assicurazioni Generali SpA is 0.24 (i.e., Modest 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 0.05 (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.
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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
| 0.88 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.88 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.89 | ZURVY | Zurich Insurance | PairCorr |
| 0.88 | ZFSVF | Zurich Insurance | PairCorr |
| 0.89 | AXAHF | AXA SA | PairCorr |
| 0.89 | AIG | American International | PairCorr |
| 0.83 | RBGPF | Reckitt Benckiser | PairCorr |
| 0.84 | PM | Philip Morris Intern | PairCorr |
| 0.95 | CCU | Compania Cervecerias | PairCorr |
| 0.64 | UBER | Uber Technologies | PairCorr |
| 0.65 | PLD | Prologis | PairCorr |
| 0.8 | GOLD | Barrick Gold Corp | PairCorr |
| 0.77 | INTR | Inter Co Class | PairCorr |
| 0.62 | BMRN | Biomarin Pharmaceutical | PairCorr |
| 0.64 | LH | Laboratory | PairCorr |
| 0.89 | ABBV | AbbVie Inc | PairCorr |
| 0.75 | PBI | Pitney Bowes | PairCorr |
| 0.9 | RSLBF | RaySearch Laboratories | PairCorr |
| 0.84 | TCTZF | Tencent Holdings Earnings Call This Week | PairCorr |
| 0.69 | MELI | MercadoLibre | PairCorr |
| 0.67 | PROSY | Prosus NV ADR | PairCorr |
| 0.74 | PGEN | Precigen Earnings Call This Week | PairCorr |
| 0.72 | NI | NiSource | PairCorr |
| 0.76 | BFAM | Bright Horizons Family | PairCorr |
| 0.74 | ORLY | OReilly Automotive | PairCorr |
Moving against Allianz Pink Sheet
| 0.83 | VLCN | Volcon Inc | PairCorr |
| 0.75 | PSGTF | PT Semen Indonesia | PairCorr |
| 0.7 | NVR | NVR Inc | PairCorr |
| 0.66 | 74348YEA5 | PROSPECT CAP P | PairCorr |
| 0.46 | BKNG | Booking Holdings | PairCorr |
| 0.31 | STEM | Stem Inc | PairCorr |
| 0.44 | SIDU | Sidus Space | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | 0.94 | 0.27 | 0.39 | 106.76 | 0.73 | 2.28 | 4.83 | |||
| AXAHF | 1.19 | 0.31 | 0.23 | 1.82 | 1.18 | 2.86 | 8.55 | |||
| ATH-PB | 0.95 | (0.04) | 0.00 | (0.21) | 0.00 | 2.91 | 6.54 | |||
| ATH-PC | 0.12 | 0.02 | 0.84 | 0.40 | 0.04 | 0.32 | 0.76 | |||
| ACGLO | 0.70 | (0.03) | 0.00 | (0.21) | 0.00 | 1.64 | 4.53 | |||
| ARZGF | 0.57 | 0.26 | 0.00 | (6.73) | 0.00 | 0.94 | 11.98 | |||
| AGESY | 1.02 | 0.18 | 0.25 | (4.49) | 1.15 | 2.09 | 5.59 | |||
| SAXPY | 0.96 | 0.14 | 0.16 | 0.32 | 1.25 | 1.97 | 5.21 | |||
| ZURVY | 0.79 | 0.14 | 0.23 | 0.27 | 0.91 | 1.65 | 4.73 |
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.Did you try this?
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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 | |
| Madam Wagner | Member Board | Profile |