China Life Correlations

CILJF Stock

USD 1.72 0.02 1.18%

The current 90-days correlation between China Life Insurance and Ping An Insurance is 0.64 (i.e., Poor diversification). The correlation of China Life 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 Life Correlation With Market

Significant diversification

The correlation between China Life Insurance 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 China Life Insurance and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to China Life 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 Life 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 Life - 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 Life Insurance to buy it.

Moving together with China Pink Sheet

0.9	PNGAY	Ping An Insurance	Pair Corr
0.8	PIAIF	Ping An Insurance	Pair Corr
0.84	AAGIY	AIA Group	Pair Corr
0.7	AAIGF	AIA Group	Pair Corr
0.7	ESALF	Eisai	Pair Corr
0.72	DSKYF	Daiichi Sankyo	Pair Corr
0.61	40049JAT4	Grupo Televisa SAB	Pair Corr

Moving against China Pink Sheet

0.8	OPFI	OppFi Inc	Pair Corr
0.8	EXEEW	Expand Energy Symbol Change	Pair Corr
0.7	LNG	Cheniere Energy	Pair Corr
0.68	ALCO	Alico Inc	Pair Corr
0.51	SCWX	Secureworks Corp	Pair Corr
0.44	FTNT	Fortinet	Pair Corr
0.41	TRGP	Targa Resources	Pair Corr
0.4	MITQ	Moving iMage Technologies	Pair Corr

Related Correlations Analysis

	CNO	PNGAY	LNC	AAGIY	PIAIF	FUIZF	SLLDY	AEL	MET-PA	NWLI
CNO		-0.19	0.62	-0.28	-0.24	0.0	0.09	0.0	0.09	0.0	CNO
PNGAY	-0.19		0.24	0.88	0.81	0.0	0.77	0.0	-0.41	0.0	PNGAY
LNC	0.62	0.24		0.36	0.26	0.0	0.49	0.0	-0.56	0.0	LNC
AAGIY	-0.28	0.88	0.36		0.87	0.0	0.73	0.0	-0.6	0.0	AAGIY
PIAIF	-0.24	0.81	0.26	0.87		0.0	0.68	0.0	-0.5	0.0	PIAIF
FUIZF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FUIZF
SLLDY	0.09	0.77	0.49	0.73	0.68	0.0		0.0	-0.44	0.0	SLLDY
AEL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AEL
MET-PA	0.09	-0.41	-0.56	-0.6	-0.5	0.0	-0.44	0.0		0.0	MET-PA
NWLI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NWLI
	CNO	PNGAY	LNC	AAGIY	PIAIF	FUIZF	SLLDY	AEL	MET-PA	NWLI

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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

AAGIY	+ 0.88	PNGAY
PIAIF	+ 0.87	AAGIY
PIAIF	+ 0.81	PNGAY
SLLDY	+ 0.77	PNGAY
SLLDY	+ 0.73	AAGIY
SLLDY	+ 0.68	PIAIF

High negative correlations

MET-PA	- 0.6	AAGIY
MET-PA	- 0.56	LNC
MET-PA	- 0.5	PIAIF
MET-PA	- 0.44	SLLDY
MET-PA	- 0.41	PNGAY
AAGIY	- 0.28	CNO

Risk-Adjusted Indicators

There is a big difference between China Pink Sheet performing well and China Life 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 Life'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
CNO	1.23	0.15	0.09	0.43	1.33	(1.38)	3.00	(2.34)	15.48
PNGAY	1.73	(0.24)	0.00	2.05	0.00	0.00	3.62	(4.89)	17.83
LNC	1.53	0.04	0.01	0.10	1.99	(1.54)	3.06	(3.06)	18.27
AAGIY	1.05	(0.20)	0.00	8.56	0.00	0.00	1.69	(2.31)	4.63
PIAIF	1.12	(0.30)	0.00	2.29	0.00	0.00	0.48	(4.17)	15.76
FUIZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SLLDY	1.44	(0.16)	0.00	(0.34)	0.00	0.00	2.64	(3.13)	11.21
AEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MET-PA	0.36	0.06	0.09	0.65	0.30	(0.40)	0.70	(0.52)	2.87
NWLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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

Tao Bai	Ex Chairman	Profile
Ruan Qi	VP	Profile
Guodong Zhao	Assistant Pres	Profile
Yuejin Liu	Assistant Pres	Profile
Chongmiao Xu	GM Officer	Profile
Mingguang Li	Chief Actuary	Profile

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