China Life Correlations

CILJF Stock

USD 3.80 0.12 3.26%

The current 90-days correlation between China Life Insurance and Ping An Insurance is -0.13 (i.e., Good 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

Good diversification

The correlation between China Life Insurance and DJI is -0.01 (i.e., Good 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

0.81	2881	Fubon Financial Holding	Pair Corr
0.83	PNGAY	Ping An Insurance Normal Trading	Pair Corr
0.82	PIAIF	Ping An Insurance	Pair Corr
0.78	AAGIY	AIA Group Normal Trading	Pair Corr
0.72	AAIGF	AIA Group	Pair Corr
0.89	MFC	Manulife Financial Corp	Pair Corr
0.79	HYMTF	Hyundai Motor	Pair Corr
0.85	M	Macys Inc	Pair Corr
0.81	KVYO	Klaviyo Sell-off Trend	Pair Corr
0.76	CTRA	Coterra Energy	Pair Corr
0.72	MCDIF	Mcdermott International	Pair Corr
0.69	PHAR	Pharming Group NV	Pair Corr
0.69	LUV	Southwest Airlines	Pair Corr
0.64	CME	CME Group	Pair Corr
0.87	IRWD	Ironwood Pharmaceuticals	Pair Corr
0.67	ANF	Abercrombie Fitch	Pair Corr
0.66	WMT	Walmart Common Stock	Pair Corr
0.69	RILYK	B Riley Financial	Pair Corr
0.65	SFFLY	Schaeffler AG Trending	Pair Corr

Moving against China Pink Sheet

0.39

TKURF

Tokyu REIT

Pair Corr

Related Correlations Analysis

	PIAIF	PNGAY	BACHF	ALIZF	CIHHF	NWWCF	CIHKY	BACHY	AAGIY	BCDRF
PIAIF		0.9	0.34	0.64	0.75	0.83	0.66	0.56	0.75	0.8	PIAIF
PNGAY	0.9		0.29	0.73	0.72	0.84	0.63	0.46	0.76	0.88	PNGAY
BACHF	0.34	0.29		0.09	0.58	0.22	0.53	0.6	0.48	0.41	BACHF
ALIZF	0.64	0.73	0.09		0.47	0.78	0.25	0.12	0.43	0.76	ALIZF
CIHHF	0.75	0.72	0.58	0.47		0.64	0.77	0.74	0.68	0.7	CIHHF
NWWCF	0.83	0.84	0.22	0.78	0.64		0.49	0.35	0.62	0.8	NWWCF
CIHKY	0.66	0.63	0.53	0.25	0.77	0.49		0.91	0.7	0.58	CIHKY
BACHY	0.56	0.46	0.6	0.12	0.74	0.35	0.91		0.74	0.49	BACHY
AAGIY	0.75	0.76	0.48	0.43	0.68	0.62	0.7	0.74		0.79	AAGIY
BCDRF	0.8	0.88	0.41	0.76	0.7	0.8	0.58	0.49	0.79		BCDRF
	PIAIF	PNGAY	BACHF	ALIZF	CIHHF	NWWCF	CIHKY	BACHY	AAGIY	BCDRF

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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
PIAIF	1.68	0.53	0.12	(0.59)	1.37	(3.53)	4.00	(3.33)	17.38
PNGAY	1.23	0.39	0.33	0.55	0.71	(1.56)	2.98	(1.59)	8.81
BACHF	2.72	0.00	(0.01)	0.08	3.94	(3.97)	7.14	(8.47)	20.39
ALIZF	1.76	0.16	0.02	(0.28)	1.77	(2.14)	3.74	(3.00)	8.51
CIHHF	0.57	0.19	0.00	(1.13)	0.00	0.00	0.00	0.00	20.47
NWWCF	2.79	0.66	0.09	1.04	2.80	(7.82)	10.15	(8.04)	28.85
CIHKY	1.14	0.17	0.05	(1.36)	1.34	(1.34)	2.19	(2.96)	10.11
BACHY	0.83	0.10	0.02	0.70	1.03	(0.88)	1.59	(1.70)	5.91
AAGIY	1.39	0.13	0.09	0.21	1.31	(1.80)	3.70	(2.75)	8.39
BCDRF	2.43	0.25	0.07	0.40	3.05	(2.55)	4.81	(5.34)	13.28

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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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