Ping An Correlations

PZX Stock

EUR 7.44 0.04 0.54%

The current 90-days correlation between Ping An Insurance and Intel is -0.01 (i.e., Good 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

Very poor diversification

The correlation between Ping An Insurance and DJI is 0.83 (i.e., Very 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 Stock

0.78	KBXA	KNORR-BREMS UNSPADRS1/4	Pair Corr
0.68	0MN	FERRO SA ZY	Pair Corr
0.72	IVV1	Power Metallic Mines	Pair Corr
0.87	MN4	MANAS RES	Pair Corr
0.63	GFF	Griffon	Pair Corr
0.83	BAYA	Bayer Aktiengesellschaft Earnings Call This Week	Pair Corr
0.71	GPE	GR Silver Mining	Pair Corr
0.65	EJXB	ELEKTA B FR Earnings Call This Week	Pair Corr
0.81	TEKB	Teck Resources	Pair Corr
0.77	C9F	Chipotle Mexican Grill	Pair Corr
0.77	9P4	SMTPC EO 305	Pair Corr
0.87	OCBA	OCBC	Pair Corr
0.79	GSR	Gossan Resources Earnings Call This Week	Pair Corr
0.86	34D	DiaSorin SpA	Pair Corr
0.84	INR	International Consolidated	Pair Corr
0.81	IXD1	Industria de Diseno	Pair Corr
0.84	QHH	DAI ICHI LIFE	Pair Corr
0.84	H6F	ARIZONA SONORAN PER	Pair Corr
0.64	OSG	OSG Corporation	Pair Corr

Moving against Ping Stock

0.88	MBJ	MBIA Inc	Pair Corr
0.87	AJW	ANGES MG	Pair Corr
0.78	BT3	BIOTIME Earnings Call This Week	Pair Corr
0.76	MBJ	MBIA	Pair Corr
0.73	TUUF	Solartron Public	Pair Corr
0.61	IB5A	I CABLE M	Pair Corr
0.38	TLIK	TELES Informationstech	Pair Corr
0.87	DBPD	Xtrackers ShortDAX	Pair Corr
0.33	EFF	DTEFFWECHSEL BET Split	Pair Corr

Related Correlations Analysis

	94P	8SP	DVDG	INL	VOW	BTC1	RRU	RS6	9K1	3RKU
94P		-0.01	0.08	-0.08	0.48	-0.17	-0.08	0.01	0.24	0.27	94P
8SP	-0.01		0.28	0.33	-0.01	-0.16	0.18	0.46	0.28	0.16	8SP
DVDG	0.08	0.28		0.67	0.32	-0.83	0.83	0.87	0.82	0.73	DVDG
INL	-0.08	0.33	0.67		0.27	-0.36	0.7	0.77	0.47	0.24	INL
VOW	0.48	-0.01	0.32	0.27		-0.12	0.43	0.36	0.29	0.02	VOW
BTC1	-0.17	-0.16	-0.83	-0.36	-0.12		-0.48	-0.69	-0.8	-0.81	BTC1
RRU	-0.08	0.18	0.83	0.7	0.43	-0.48		0.77	0.56	0.39	RRU
RS6	0.01	0.46	0.87	0.77	0.36	-0.69	0.77		0.69	0.5	RS6
9K1	0.24	0.28	0.82	0.47	0.29	-0.8	0.56	0.69		0.74	9K1
3RKU	0.27	0.16	0.73	0.24	0.02	-0.81	0.39	0.5	0.74		3RKU
	94P	8SP	DVDG	INL	VOW	BTC1	RRU	RS6	9K1	3RKU

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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

RS6	+ 0.87	DVDG
RRU	+ 0.83	DVDG
9K1	+ 0.82	DVDG
RS6	+ 0.77	INL
RS6	+ 0.77	RRU
3RKU	+ 0.74	9K1

High negative correlations

BTC1	- 0.83	DVDG
3RKU	- 0.81	BTC1
9K1	- 0.8	BTC1
RS6	- 0.69	BTC1
RRU	- 0.48	BTC1
BTC1	- 0.36	INL

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
94P	1.73	0.02	(0.01)	0.12	1.97	(2.03)	3.44	(3.49)	11.80
8SP	1.35	(0.13)	0.00	(0.37)	0.00	0.00	2.29	(2.27)	22.43
DVDG	0.44	0.13	0.11	0.71	0.28	(0.50)	0.96	(0.57)	3.06
INL	3.07	0.53	0.10	(0.99)	3.79	(3.36)	8.76	(5.40)	24.14
VOW	0.47	0.14	0.05	0.94	0.37	(1.07)	1.70	(0.66)	6.39
BTC1	2.22	(0.37)	0.00	(2.10)	0.00	0.00	4.44	(4.17)	14.40
RRU	1.81	0.41	0.15	(4.09)	1.78	(2.01)	3.53	(2.91)	9.23
RS6	1.29	0.24	0.11	(1.67)	1.15	(1.55)	3.18	(1.98)	7.73
9K1	1.88	0.22	0.05	(2.45)	2.49	(2.23)	4.97	(5.15)	12.87
3RKU	2.41	0.35	0.10	(4.52)	2.30	(3.10)	5.46	(4.46)	12.82

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

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.

Shibang Guo	Assistant Officer	Profile
Xiaolu Zhang	Compliance Officer	Profile
Fangfang Cai	Chief VP	Profile
Benjamin Deng	Assistant CIO	Profile
Mingzhe Ma	Founder Chairman	Profile

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