Lufax Holding Correlations

LU Stock

USD 3.19 0.02 0.62%

The current 90-days correlation between Lufax Holding and FinVolution Group is 0.34 (i.e., Weak diversification). The correlation of Lufax Holding 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.

Lufax Holding Correlation With Market

Good diversification

The correlation between Lufax Holding and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lufax Holding and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lufax Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Lufax Stock please use our How to Invest in Lufax Holding guide.

Moving together with Lufax Stock

0.8	LX	Lexinfintech Holdings	Pair Corr
0.77	EZPW	EZCORP Inc Normal Trading	Pair Corr
0.69	FCFS	FirstCash	Pair Corr
0.76	FINV	FinVolution Group Trending	Pair Corr
0.69	OCSL	Oaktree Specialty Lending	Pair Corr
0.7	OPRT	Oportun Financial Corp	Pair Corr
0.74	NNI	Nelnet Inc	Pair Corr
0.78	SLMBP	SLM Corp Pb	Pair Corr
0.87	XYF	X Financial Class Normal Trading	Pair Corr

Moving against Lufax Stock

0.73	LC	LendingClub Corp	Pair Corr
0.65	MFIN	Medallion Financial Corp	Pair Corr
0.61	MCVT	Mill City Ventures	Pair Corr
0.54	RM	Regional Management Corp	Pair Corr
0.44	ENVA	Enova International	Pair Corr
0.8	SYF	Synchrony Financial	Pair Corr
0.78	BFH	Bread Financial Holdings	Pair Corr
0.77	FOA	Finance of America Normal Trading	Pair Corr
0.74	GDOT	Green Dot	Pair Corr
0.58	AXP	American Express	Pair Corr
0.41	OMF	OneMain Holdings Normal Trading	Pair Corr
0.34	DFS	Discover Financial	Pair Corr

Related Correlations Analysis

	QFIN	FINV	QD	XYF	SNTG	YRD	LX	JT	MGI	ENVA
QFIN		0.89	0.51	0.69	-0.07	0.86	0.85	0.0	0.0	0.12	QFIN
FINV	0.89		0.26	0.85	-0.1	0.95	0.93	0.0	0.0	-0.11	FINV
QD	0.51	0.26		0.0	0.17	0.25	0.15	0.0	0.0	0.54	QD
XYF	0.69	0.85	0.0		-0.08	0.9	0.87	0.0	0.0	-0.53	XYF
SNTG	-0.07	-0.1	0.17	-0.08		-0.14	-0.13	0.0	0.0	0.07	SNTG
YRD	0.86	0.95	0.25	0.9	-0.14		0.95	0.0	0.0	-0.16	YRD
LX	0.85	0.93	0.15	0.87	-0.13	0.95		0.0	0.0	-0.13	LX
JT	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	JT
MGI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	MGI
ENVA	0.12	-0.11	0.54	-0.53	0.07	-0.16	-0.13	0.0	0.0		ENVA
	QFIN	FINV	QD	XYF	SNTG	YRD	LX	JT	MGI	ENVA

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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

YRD	+ 0.95	FINV
LX	+ 0.95	YRD
LX	+ 0.93	FINV
YRD	+ 0.9	XYF
FINV	+ 0.89	QFIN
LX	+ 0.87	XYF

High negative correlations

ENVA	- 0.53	XYF
ENVA	- 0.16	YRD
YRD	- 0.14	SNTG
ENVA	- 0.13	LX
LX	- 0.13	SNTG
ENVA	- 0.11	FINV

Risk-Adjusted Indicators

There is a big difference between Lufax Stock performing well and Lufax Holding 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 Lufax Holding'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
QFIN	2.53	0.37	0.16	(0.67)	2.70	(2.94)	6.06	(4.99)	14.61
FINV	2.07	0.82	0.43	1.83	1.42	(2.73)	4.75	(2.80)	18.57
QD	2.39	0.07	0.05	(1.85)	2.74	(2.95)	5.26	(5.05)	16.63
XYF	2.88	0.88	0.25	(1.90)	3.17	(3.13)	8.61	(6.11)	21.85
SNTG	3.75	0.09	0.03	0.07	4.51	(4.56)	9.25	(5.79)	30.48
YRD	3.08	1.05	0.32	(2.47)	2.88	(3.94)	7.63	(5.21)	20.84
LX	3.97	1.08	0.29	(1.48)	3.57	(5.17)	13.01	(5.05)	31.45
JT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENVA	1.65	(0.01)	0.04	(0.04)	2.03	(1.79)	3.54	(3.21)	8.86

Lufax Holding Corporate Management

Guangheng Ji	Chairman of the Board, Chairman of Lufax Executive Committee	Profile
Xianglin Li	Independent Director	Profile
Yu Chen	Head Markets	Profile
Xinyan Liu	Head Markets	Profile

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