Ping An Correlations

PIAIF Stock

USD 9.45 0.18 1.87%

The current 90-days correlation between Ping An Insurance and China Life Insurance is 0.05 (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.

Ping An Correlation With Market

Poor diversification

The correlation between Ping An Insurance and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ping An Insurance and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ping Pink Sheet

0.93	PNGAY	Ping An Insurance	Pair Corr
0.68	AAIGF	AIA Group	Pair Corr
0.85	MFC	Manulife Financial Corp	Pair Corr
0.68	GOOG	Alphabet Class C Earnings Call This Week	Pair Corr
0.68	BMYMP	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.73	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.82	CGIFF	Chemtrade Logistics	Pair Corr
0.81	IVZ	Invesco Plc	Pair Corr
0.64	TYIDF	Toyota Industries Corp Earnings Call Tomorrow	Pair Corr
0.82	TNSGF	Findev Inc	Pair Corr
0.7	WFG	West Fraser Timber	Pair Corr
0.63	DIOD	Diodes Incorporated Earnings Call Next Week	Pair Corr
0.73	TRMK	Trustmark	Pair Corr
0.85	IVR	Invesco Mortgage Capital	Pair Corr
0.85	AAUKF	Anglo American plc	Pair Corr

Moving against Ping Pink Sheet

0.69	MSFT	Microsoft	Pair Corr
0.68	AAPL	Apple Inc Aggressive Push	Pair Corr
0.43	NPRFF	Nepra Foods	Pair Corr
0.43	50077LBJ4	US50077LBJ44	Pair Corr

Related Correlations Analysis

	CILJF	BACHF	AAGIY	ALIZF	AAIGF	AAMAF	BACHY	CIHHF	CIHKY	BCDRF
CILJF		0.02	0.77	0.41	0.32	0.0	0.08	0.17	-0.73	0.48	CILJF
BACHF	0.02		-0.08	-0.15	-0.26	0.0	0.16	-0.15	0.09	-0.18	BACHF
AAGIY	0.77	-0.08		0.25	0.4	0.0	0.25	-0.04	-0.49	0.3	AAGIY
ALIZF	0.41	-0.15	0.25		0.16	0.0	-0.39	0.69	-0.15	0.56	ALIZF
AAIGF	0.32	-0.26	0.4	0.16		0.0	0.06	0.48	-0.24	0.73	AAIGF
AAMAF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AAMAF
BACHY	0.08	0.16	0.25	-0.39	0.06	0.0		-0.31	0.08	-0.25	BACHY
CIHHF	0.17	-0.15	-0.04	0.69	0.48	0.0	-0.31		-0.12	0.77	CIHHF
CIHKY	-0.73	0.09	-0.49	-0.15	-0.24	0.0	0.08	-0.12		-0.45	CIHKY
BCDRF	0.48	-0.18	0.3	0.56	0.73	0.0	-0.25	0.77	-0.45		BCDRF
	CILJF	BACHF	AAGIY	ALIZF	AAIGF	AAMAF	BACHY	CIHHF	CIHKY	BCDRF

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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	+ 0.77	CILJF
BCDRF	+ 0.77	CIHHF
BCDRF	+ 0.73	AAIGF
CIHHF	+ 0.69	ALIZF
BCDRF	+ 0.56	ALIZF
BCDRF	+ 0.48	CILJF

High negative correlations

CIHKY	- 0.73	CILJF
CIHKY	- 0.49	AAGIY
BCDRF	- 0.45	CIHKY
BACHY	- 0.39	ALIZF
CIHHF	- 0.31	BACHY
AAIGF	- 0.26	BACHF

Risk-Adjusted Indicators

There is a big difference between Ping Pink Sheet 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
CILJF	2.67	0.58	0.18	2.75	2.62	(3.22)	5.85	(4.24)	13.26
BACHF	2.27	0.00	(0.01)	0.03	3.29	(4.18)	7.27	(6.90)	20.39
AAGIY	1.13	0.16	0.13	0.28	0.96	(1.46)	3.04	(1.92)	7.15
ALIZF	1.55	0.12	0.04	(46.33)	1.63	(1.88)	3.57	(2.74)	9.75
AAIGF	2.33	0.25	0.07	0.43	3.01	(2.29)	4.40	(4.79)	11.79
AAMAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BACHY	0.87	0.07	0.02	0.55	1.11	(0.89)	1.59	(1.70)	5.71
CIHHF	0.57	0.17	0.00	0.61	0.00	0.00	0.00	0.00	20.47
CIHKY	1.02	(0.04)	0.00	(0.32)	0.00	0.00	2.21	(2.45)	5.78
BCDRF	2.25	0.45	0.16	0.48	2.49	(2.50)	4.59	(4.30)	13.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ping An 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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Ping An Corporate Management

Yonglin Xie	Deputy General Manager	Profile
Ruisheng Sheng	Secretary of the Board	Profile
Xiaolu Zhang	Compliance Officer	Profile
Xin Fu	COO Center	Profile
Sin Tan	CoCEO Director	Profile

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