Fanhua Correlations

AIFU Stock

0.33 0.01 3.13%

The current 90-days correlation between Fanhua Inc and Tradeweb Markets is 0.1 (i.e., Average diversification). The correlation of Fanhua 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.

Fanhua Correlation With Market

Significant diversification

The correlation between Fanhua Inc and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fanhua Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Fanhua Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Fanhua Stock

0.82	ZBAO	Zhibao Technology Class	Pair Corr
0.85	DHIL	Diamond Hill Investment	Pair Corr
0.62	AX	Axos Financial	Pair Corr

Moving against Fanhua Stock

0.74	WTW	Willis Towers Watson	Pair Corr
0.73	AJG	Arthur J Gallagher	Pair Corr
0.7	GOCO	GoHealth	Pair Corr
0.69	MMC	Marsh McLennan Companies	Pair Corr
0.68	AON	Aon PLC	Pair Corr
0.62	SLQT	Selectquote	Pair Corr
0.61	BRO	Brown Brown	Pair Corr
0.59	C	Citigroup Earnings Call Today	Pair Corr
0.56	EHTH	eHealth	Pair Corr
0.47	GSHD	Goosehead Insurance	Pair Corr
0.36	L	Loews Corp	Pair Corr
0.91	GL	Globe Life	Pair Corr
0.74	BK	Bank of New York	Pair Corr
0.69	V	Visa Class A	Pair Corr
0.68	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.46	AB	AllianceBernstein	Pair Corr
0.42	GS	Goldman Sachs Group	Pair Corr
0.31	AC	Associated Capital	Pair Corr

Related Correlations Analysis

	APAM	BUD	FHBC	BSIIU	CAFZF	AAM	TW	MTG
APAM		-0.2	0.0	0.12	-0.11	-0.4	-0.39	0.68	APAM
BUD	-0.2		0.0	0.36	0.29	0.76	0.57	-0.36	BUD
FHBC	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FHBC
BSIIU	0.12	0.36	0.0		0.43	0.41	0.0	0.3	BSIIU
CAFZF	-0.11	0.29	0.0	0.43		0.73	-0.34	0.38	CAFZF
AAM	-0.4	0.76	0.0	0.41	0.73		0.21	-0.13	AAM
TW	-0.39	0.57	0.0	0.0	-0.34	0.21		-0.65	TW
MTG	0.68	-0.36	0.0	0.3	0.38	-0.13	-0.65		MTG
	APAM	BUD	FHBC	BSIIU	CAFZF	AAM	TW	MTG

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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

AAM	+ 0.76	BUD
AAM	+ 0.73	CAFZF
MTG	+ 0.68	APAM
TW	+ 0.57	BUD
CAFZF	+ 0.43	BSIIU
AAM	+ 0.41	BSIIU

High negative correlations

MTG	- 0.65	TW
AAM	- 0.4	APAM
TW	- 0.39	APAM
MTG	- 0.36	BUD
TW	- 0.34	CAFZF
BUD	- 0.2	APAM

Risk-Adjusted Indicators

There is a big difference between Fanhua Stock performing well and Fanhua 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 Fanhua'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
APAM	1.46	(0.08)	0.00	(0.16)	0.00	0.00	2.39	(3.39)	9.44
BUD	1.09	0.32	0.22	0.60	1.34	(1.18)	2.29	(1.82)	9.04
FHBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BSIIU	0.09	(0.02)	0.00	(0.61)	0.00	0.00	0.00	(0.20)	2.47
CAFZF	0.41	0.05	0.00	(0.37)	0.00	0.00	0.00	0.00	17.42
AAM	0.08	0.00	0.93	0.00	0.00	(0.13)	0.20	(0.10)	0.49
TW	1.17	0.17	0.17	0.65	1.23	(1.25)	2.36	(2.16)	5.87
MTG	1.03	0.01	0.00	(0.09)	0.00	0.00	1.80	(2.44)	7.24

Fanhua Corporate Executives

Elected by the shareholders, the Fanhua's board of directors comprises two types of representatives: Fanhua inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fanhua. The board's role is to monitor Fanhua's management team and ensure that shareholders' interests are well served. Fanhua'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, Fanhua's outside directors are responsible for providing unbiased perspectives on the board's policies.

Lichong Liu

VP COO

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