Allianz SE Correlations

ALV Stock

294.60 2.30 0.77%

The current 90-days correlation between Allianz SE VNA and Berkshire Hathaway is 0.08 (i.e., Significant 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.

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 VNA to buy it.

Moving together with Allianz Stock

0.62	IBM	International Business	Pair Corr
0.71	MUVB	MUENCHRUECKUNSADR 110 Split	Pair Corr

Moving against Allianz Stock

0.31	SLW1	Swiss Life Holding	Pair Corr
0.51	CKS2	GOME Retail Holdings	Pair Corr
0.44	WMR0	MOAB MINERALS LTD	Pair Corr
0.33	WRC	WOLFDEN RES P	Pair Corr

Related Correlations Analysis

	BRYN	ALV	AXA	AXA	ASG	HFF	SLW1	TLX	UN9
BRYN		-0.08	-0.68	-0.71	0.65	0.8	0.47	0.65	-0.24	BRYN
ALV	-0.08		0.3	0.25	0.55	-0.01	-0.31	0.44	0.48	ALV
AXA	-0.68	0.3		0.99	-0.38	-0.43	-0.14	-0.47	0.38	AXA
AXA	-0.71	0.25	0.99		-0.43	-0.46	-0.14	-0.52	0.34	AXA
ASG	0.65	0.55	-0.38	-0.43		0.48	0.04	0.9	0.22	ASG
HFF	0.8	-0.01	-0.43	-0.46	0.48		0.52	0.43	-0.35	HFF
SLW1	0.47	-0.31	-0.14	-0.14	0.04	0.52		0.0	-0.32	SLW1
TLX	0.65	0.44	-0.47	-0.52	0.9	0.43	0.0		0.26	TLX
UN9	-0.24	0.48	0.38	0.34	0.22	-0.35	-0.32	0.26		UN9
	BRYN	ALV	AXA	AXA	ASG	HFF	SLW1	TLX	UN9

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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

AXA	+ 0.99	AXA
TLX	+ 0.9	ASG
HFF	+ 0.8	BRYN
ASG	+ 0.65	BRYN
TLX	+ 0.65	BRYN
ASG	+ 0.55	ALV

High negative correlations

AXA	- 0.71	BRYN
AXA	- 0.68	BRYN
TLX	- 0.52	AXA
TLX	- 0.47	AXA
HFF	- 0.46	AXA
ASG	- 0.43	AXA

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BRYN	0.72	0.09	0.08	2.73	0.73	(0.88)	1.65	(1.09)	7.88
ALV	0.68	0.01	(0.02)	3.90	0.85	(0.66)	1.17	(1.02)	3.34
AXA	0.89	(0.12)	0.00	0.54	0.00	0.00	1.56	(1.85)	5.88
AXA	0.90	(0.10)	0.00	0.34	0.00	0.00	1.66	(2.34)	6.18
ASG	0.85	0.06	0.04	0.67	0.90	(1.01)	1.70	(1.53)	7.00
HFF	1.02	0.00	(0.01)	0.03	1.35	(1.62)	1.98	(1.94)	12.24
SLW1	1.85	(0.01)	(0.01)	(0.02)	2.25	(2.04)	4.28	(3.65)	10.56
TLX	1.07	0.08	0.06	0.22	1.04	(1.36)	2.27	(1.96)	9.30
UN9	0.65	0.02	0.00	(0.18)	0.78	(0.70)	1.12	(1.24)	4.48

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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Allianz SE Corporate Management

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

Oliver Bate	Chairman CEO	Profile
Giulio Terzariol	CFO Board	Profile
Ivan Sota	Chief Board	Profile
Sergio Balbinot	Member Board	Profile
KlausPeter Rohler	Member Board	Profile
Barbara KaruthZelle	COO Board	Profile
Madam Wagner	Member Board	Profile

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