AIA Correlations
| AAIGF Stock | USD 8.95 0.07 0.79% |
The current 90-days correlation between AIA Group and AIA Group Ltd is 0.29 (i.e., Modest diversification). The correlation of AIA 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.
AIA Correlation With Market
Significant diversification
The correlation between AIA Group and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AIA Group and DJI in the same portfolio, assuming nothing else is changed.
AIA |
The ability to find closely correlated positions to AIA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AIA 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 AIA - 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 AIA Group to buy it.
Moving together with AIA Pink Sheet
| 0.83 | PNGAY | Ping An Insurance | PairCorr |
| 0.64 | PIAIF | Ping An Insurance | PairCorr |
| 0.97 | AAGIY | AIA Group | PairCorr |
| 0.91 | CILJF | China Life Insurance | PairCorr |
| 0.69 | MFC | Manulife Financial Corp | PairCorr |
| 0.91 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.61 | EC | Ecopetrol SA ADR | PairCorr |
| 0.65 | PTAIF | PT Astra International | PairCorr |
| 0.83 | MNDY | MondayCom | PairCorr |
| 0.63 | CENX | Century Aluminum | PairCorr |
| 0.72 | SAND | Sandstorm Gold | PairCorr |
| 0.81 | BMBL | Bumble Inc | PairCorr |
| 0.89 | TYGO | Tigo Energy | PairCorr |
| 0.81 | PL | Planet Labs PBC | PairCorr |
| 0.94 | MS | Morgan Stanley Sell-off Trend | PairCorr |
| 0.91 | BOOT | Boot Barn Holdings | PairCorr |
| 0.73 | MGM | MGM Resorts International | PairCorr |
| 0.64 | MTCH | Match Group | PairCorr |
| 0.85 | ORCL | Oracle Aggressive Push | PairCorr |
| 0.8 | CLSKW | CleanSpark, Warrant | PairCorr |
| 0.96 | MSFT | Microsoft | PairCorr |
Moving against AIA Pink Sheet
| 0.75 | AFL | Aflac Incorporated | PairCorr |
| 0.79 | PMN | ProMIS Neurosciences | PairCorr |
| 0.85 | ZOM | Zomedica Pharmaceuticals | PairCorr |
Related Correlations Analysis
| 0.84 | 0.59 | 0.92 | 0.93 | 0.77 | AAGIY | ||
| 0.84 | 0.55 | 0.86 | 0.83 | 0.63 | AAME | ||
| 0.59 | 0.55 | 0.5 | 0.42 | 0.67 | PIAIF | ||
| 0.92 | 0.86 | 0.5 | 0.94 | 0.63 | ACGBY | ||
| 0.93 | 0.83 | 0.42 | 0.94 | 0.59 | CIHKY | ||
| 0.77 | 0.63 | 0.67 | 0.63 | 0.59 | SAPGF | ||
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Risk-Adjusted Indicators
There is a big difference between AIA Pink Sheet performing well and AIA 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 AIA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AAGIY | 1.27 | 0.39 | 0.20 | 1.04 | 1.05 | 3.94 | 12.16 | |||
| AAME | 2.68 | 0.59 | 0.25 | 0.60 | 2.03 | 8.33 | 21.53 | |||
| PIAIF | 1.60 | 0.41 | 0.06 | (5.09) | 1.70 | 5.22 | 17.47 | |||
| ACGBY | 0.98 | 0.20 | 0.07 | 0.94 | 1.12 | 2.50 | 7.86 | |||
| CIHKY | 1.18 | 0.18 | 0.06 | 0.50 | 1.54 | 2.60 | 12.28 | |||
| SAPGF | 1.33 | 0.13 | 0.09 | 0.25 | 1.49 | 3.34 | 10.77 |
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AIA Corporate Management
| Yuan Lee | Pres Exec | Profile | |
| Lance Burbidge | IR Contact Officer | Profile | |
| WingShing Chan | Regional Officer | Profile | |
| BA MA | Group Officer | Profile | |
| Mark Konyn | Group Chief Investment Officer and Member of the Group Executive Committee | Profile | |
| Biswa Misra | Group Chief Technology and Operations Officer | Profile | |
| PekSan Ang | Group Officer | Profile |