Ping An Correlations

PNGAY Stock

USD 13.66 0.11 0.81%

The current 90-days correlation between Ping An Insurance and AIA Group Ltd is -0.09 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ping An Correlation With Market

Weak diversification

The correlation between Ping An Insurance and DJI is 0.35 (i.e., Weak 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

0.71	PIAIF	Ping An Insurance	Pair Corr
0.79	AAGIY	AIA Group	Pair Corr
0.81	AAIGF	AIA Group	Pair Corr
0.89	CILJF	China Life Insurance	Pair Corr
0.77	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.74	PTAIF	PT Astra International	Pair Corr
0.72	CENX	Century Aluminum Buyout Trend	Pair Corr
0.68	SAND	Sandstorm Gold	Pair Corr
0.85	BMBL	Bumble Inc	Pair Corr
0.66	482480AM2	KLAC 495 15	Pair Corr
0.85	TYGO	Tigo Energy Earnings Call This Week	Pair Corr
0.86	PL	Planet Labs PBC	Pair Corr
0.89	MS	Morgan Stanley	Pair Corr
0.69	BOOT	Boot Barn Holdings	Pair Corr
0.91	MGM	MGM Resorts International Earnings Call This Week	Pair Corr
0.71	MTCH	Match Group	Pair Corr
0.9	ORCL	Oracle Aggressive Push	Pair Corr
0.63	CLSKW	CleanSpark, Warrant	Pair Corr
0.87	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against Ping Pink Sheet

0.61	AFL	Aflac Incorporated Earnings Call This Week	Pair Corr
0.6	ZOM	Zomedica Pharmaceuticals	Pair Corr
0.35	DYCQR	DT Cloud Acquisition	Pair Corr

Related Correlations Analysis

	AAGIY	PIAIF	CILJF	SLLDY	CICHY	IDCBY	CIHKY	BACHY
AAGIY		0.59	0.91	0.91	0.84	0.89	0.93	0.82	AAGIY
PIAIF	0.59		0.58	0.54	0.6	0.49	0.44	0.59	PIAIF
CILJF	0.91	0.58		0.74	0.96	0.95	0.9	0.72	CILJF
SLLDY	0.91	0.54	0.74		0.65	0.71	0.79	0.8	SLLDY
CICHY	0.84	0.6	0.96	0.65		0.94	0.83	0.68	CICHY
IDCBY	0.89	0.49	0.95	0.71	0.94		0.94	0.69	IDCBY
CIHKY	0.93	0.44	0.9	0.79	0.83	0.94		0.78	CIHKY
BACHY	0.82	0.59	0.72	0.8	0.68	0.69	0.78		BACHY
	AAGIY	PIAIF	CILJF	SLLDY	CICHY	IDCBY	CIHKY	BACHY

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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
AAGIY	1.27	0.45	0.20	(44.17)	1.05	(1.42)	3.94	(1.41)	12.16
PIAIF	1.60	0.49	0.06	(0.61)	1.70	(3.71)	5.22	(4.22)	17.47
CILJF	1.63	0.59	0.21	(4.58)	1.44	(2.19)	3.81	(2.73)	9.63
SLLDY	1.31	0.27	0.10	6.54	1.15	(1.54)	3.27	(2.49)	6.37
CICHY	0.98	0.36	0.22	1.86	0.72	(1.14)	2.54	(1.45)	4.91
IDCBY	0.92	0.18	0.05	1.15	1.07	(0.98)	2.34	(1.43)	6.69
CIHKY	1.21	0.16	0.05	0.45	1.59	(1.24)	2.60	(1.94)	12.28
BACHY	0.92	0.08	(0.04)	1.64	1.03	(1.05)	2.15	(1.65)	6.16

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
Sin Tan	CoCEO Director	Profile
Xin Fu	COO Center	Profile

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