Allianz SE Correlations

Stocks . Germany . 
Stock . Allianz SE
ALV Stock   348.30  1.80  0.52%   
The current 90-days correlation between Allianz SE and Microsoft is -0.06 (i.e., Good diversification). The correlation of Allianz SE 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.

Allianz SE Correlation With Market

Average diversification

The correlation between Allianz SE and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allianz SE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Allianz SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allianz SE 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 Allianz SE - 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 Allianz SE to buy it.

Moving together with Allianz Stock

  0.84E908 Lyxor 1PairCorr
  0.93DBPE Xtrackers LevDAXPairCorr

Moving against Allianz Stock

  0.94DBPD Xtrackers ShortDAXPairCorr
  0.89MSF MicrosoftPairCorr
  0.88MSF MicrosoftPairCorr
  0.88MSF MicrosoftPairCorr
  0.88MSF MicrosoftPairCorr
  0.88HX1A HEXINDO ADIPERKASAPairCorr
  0.86T9Q TOTAL BANGUN PERSADPairCorr
  0.823IB PT Indo TambangrayaPairCorr
  0.8HX1A HEXINDO ADIPERKASAPairCorr
  0.57APC Apple IncPairCorr
  0.57APC Apple IncPairCorr
  0.57APC Apple IncPairCorr
  0.57APC Apple IncPairCorr
  0.57APC Apple IncPairCorr
  0.56APC Apple IncPairCorr
  0.49KM6 ADHI KARYAPairCorr
  0.48KM6 ADHI KARYAPairCorr
  0.45TBA TAMBANG BATUBARA-B-PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Allianz Stock performing well and Allianz SE 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 Allianz SE'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  1.22 (0.18) 0.00 (0.74) 0.00 
 0.00 
 2.12 
(3.05)
 9.67 
APC  1.23 (0.18) 0.00 (0.74) 0.00 
 0.00 
 1.81 
(3.72)
 8.86 
APC  1.27 (0.20) 0.00 (8.57) 0.00 
 0.00 
 2.15 
(4.41)
 10.20 
APC  1.21 (0.21) 0.00  152.74  0.00 
 0.00 
 1.74 
(3.92)
 9.09 
APC  1.32 (0.17) 0.00 (0.78) 0.00 
 0.00 
 3.16 
(4.20)
 11.01 
APC  1.19 (0.14) 0.00 (0.37) 0.00 
 0.00 
 2.13 
(3.56)
 10.38 
MSF  1.06 (0.21) 0.00 (0.76) 0.00 
 0.00 
 1.50 
(2.73)
 10.50 
MSF  1.10 (0.20) 0.00 (0.59) 0.00 
 0.00 
 2.00 
(2.42)
 10.90 
MSF  1.09 (0.20) 0.00 (0.62) 0.00 
 0.00 
 1.80 
(2.32)
 10.42 
MSF  1.11 (0.24) 0.00  2.81  0.00 
 0.00 
 1.27 
(2.64)
 12.60 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Allianz SE 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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