Ping An Correlations
| PASW Stock | 0.22 0.02 10.00% |
The current 90-days correlation between Ping An Biomedical and Lakeside Holding Limited is 0.06 (i.e., Significant diversification). The correlation of Ping An 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Ping An Correlation With Market
Excellent diversification
The correlation between Ping An Biomedical and DJI is -0.65 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ping An Biomedical and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Ping Stock
Moving against Ping Stock
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| 0.9 | EC | Ecopetrol SA ADR | PairCorr |
| 0.86 | TRYIY | Toray Industries ADR Earnings Call This Week | PairCorr |
| 0.86 | TRYIF | Toray Industries Earnings Call This Week | PairCorr |
| 0.73 | KB | KB Financial Group Earnings Call This Week | PairCorr |
| 0.69 | SHG | Shinhan Financial Earnings Call This Week | PairCorr |
| 0.68 | AIN | Albany International | PairCorr |
| 0.67 | WF | Woori Financial Group | PairCorr |
| 0.46 | GNTX | Gentex | PairCorr |
| 0.45 | CGGGF | Coats Group plc | PairCorr |
| 0.85 | ECL | Ecolab Inc | PairCorr |
| 0.85 | TECH | Bio Techne Corp | PairCorr |
| 0.82 | TOLWF | Trican Well Service | PairCorr |
| 0.79 | GEL | Genesis Energy LP Earnings Call This Week | PairCorr |
| 0.78 | UCB | United Community Banks | PairCorr |
| 0.69 | MAZE | Maze Therapeutics Common | PairCorr |
| 0.57 | DBRG | Digitalbridge Group | PairCorr |
| 0.53 | NEE | Nextera Energy | PairCorr |
| 0.53 | MCW | Mister Car Wash | PairCorr |
| 0.45 | RNR | Renaissancere Holdings | PairCorr |
| 0.38 | GRFS | Grifols SA ADR | PairCorr |
| 0.88 | GTY | Getty Realty | PairCorr |
| 0.88 | HE | Hawaiian Electric | PairCorr |
| 0.83 | CYD | China Yuchai Interna | PairCorr |
| 0.82 | HLRTF | Hillcrest Energy Tec | PairCorr |
| 0.82 | DISPF | Disco | PairCorr |
| 0.81 | WILLF | Demant A/S | PairCorr |
Related Correlations Analysis
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 Ping Stock performing well and Ping An 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 Ping An'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LBGJ | 4.17 | 0.33 | 0.06 | 0.94 | 4.30 | 8.45 | 32.34 | |||
| PSIG | 3.25 | 0.63 | 0.14 | 2.63 | 3.24 | 11.11 | 44.89 | |||
| ZDAI | 7.03 | 0.28 | 0.04 | 0.24 | 7.05 | 19.57 | 57.23 | |||
| OFAL | 5.20 | (1.07) | 0.00 | (1.40) | 0.00 | 10.00 | 29.67 | |||
| TLIH | 4.76 | (0.25) | 0.00 | (0.01) | 0.00 | 11.63 | 50.96 | |||
| ARTW | 2.58 | (0.14) | (0.01) | 0.01 | 4.24 | 5.65 | 24.58 | |||
| GRNQ | 3.39 | 0.38 | 0.08 | 1.91 | 3.61 | 8.13 | 25.63 | |||
| INLF | 10.12 | 2.76 | 0.17 | (0.64) | 10.13 | 9.09 | 353.50 | |||
| VRME | 5.28 | 0.17 | 0.08 | 0.12 | 4.61 | 12.24 | 68.37 | |||
| LSH | 5.05 | (0.87) | 0.00 | (2.00) | 0.00 | 11.76 | 58.71 |
Ping An Corporate Executives
Elected by the shareholders, the Ping An's board of directors comprises two types of representatives: Ping An inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ping. The board's role is to monitor Ping An's management team and ensure that shareholders' interests are well served. Ping An'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, Ping An's outside directors are responsible for providing unbiased perspectives on the board's policies.