AIA Correlations
| AAIGF Stock | USD 8.10 0.05 0.62% |
The current 90-days correlation between AIA Group and Ping An Insurance is 0.01 (i.e., Significant 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
Modest diversification
The correlation between AIA Group and DJI is 0.2 (i.e., Modest 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
| 0.65 | PNGAY | Ping An Insurance Earnings Call Today | PairCorr |
| 0.89 | AAGIY | AIA Group | PairCorr |
| 0.74 | PWRMF | Power Metals Corp | PairCorr |
| 0.62 | VIOT | Viomi Technology ADR Earnings Call This Week | PairCorr |
Moving against AIA Pink Sheet
| 0.45 | MET | MetLife | PairCorr |
| 0.38 | SSNLF | Samsung Electronics | PairCorr |
| 0.37 | UHG | United Homes Group | PairCorr |
| 0.78 | NWIFF | Nuinsco Resources | PairCorr |
| 0.31 | REZZF | Global Battery Metals Earnings Call This Week | PairCorr |
| 0.45 | FLDAY | Fluidra SA | PairCorr |
Related Correlations Analysis
| 0.0 | 0.74 | 0.37 | 0.17 | -0.09 | 0.81 | PNGAY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AEL | ||
| 0.74 | 0.0 | 0.07 | 0.13 | -0.36 | 0.64 | AAGIY | ||
| 0.37 | 0.0 | 0.07 | 0.62 | 0.49 | 0.71 | CNO | ||
| 0.17 | 0.0 | 0.13 | 0.62 | -0.01 | 0.54 | MET-PA | ||
| -0.09 | 0.0 | -0.36 | 0.49 | -0.01 | -0.01 | FG | ||
| 0.81 | 0.0 | 0.64 | 0.71 | 0.54 | -0.01 | PUK | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PNGAY | 1.57 | 0.16 | 0.09 | 0.13 | 1.97 | 3.19 | 7.73 | |||
| AEL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AAGIY | 1.36 | 0.25 | 0.21 | 1.17 | 1.27 | 3.59 | 7.85 | |||
| CNO | 1.13 | 0.22 | 0.13 | 0.11 | 1.55 | 2.63 | 6.76 | |||
| MET-PA | 0.25 | 0.01 | 0.28 | (1.35) | 0.31 | 0.45 | 3.27 | |||
| FG | 1.92 | 0.11 | 0.00 | (0.03) | 0.00 | 3.75 | 12.72 | |||
| PUK | 1.51 | 0.35 | 0.20 | 0.31 | 1.65 | 3.31 | 9.18 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AIA 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.Did you try this?
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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 |