Lufax Holding Correlations

LU Stock

USD 2.45 0.06 2.39%

The current 90-days correlation between Lufax Holding and FinVolution Group is 0.64 (i.e., Poor 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

Average diversification

The correlation between Lufax Holding and DJI is 0.12 (i.e., Average 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

0.71	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.74	LGHLW	Lion Financial Group	Pair Corr

Moving against Lufax Stock

0.42	BRACU	Broad Capital Acquisition	Pair Corr
0.4	V	Visa Class A	Pair Corr
0.39	TETEU	Technology Telecommunicatio	Pair Corr
0.38	TETEW	Technology Telecommunicatio	Pair Corr
0.31	RC	Ready Capital Corp	Pair Corr
0.62	ECPG	Encore Capital Group	Pair Corr
0.39	DISTW	Distoken Acquisition	Pair Corr
0.38	PFTAU	Portage Fintech Acqu	Pair Corr
0.33	ROCLW	Roth CH Acquisition	Pair Corr
0.33	EMCG	Embrace Change Acqui	Pair Corr
0.63	ARI	Apollo Commercial Real	Pair Corr
0.41	WTMA	Welsbach Technology	Pair Corr
0.36	FDUS	Fidus Investment Corp	Pair Corr

Related Correlations Analysis

	QFIN	FINV	QD	XYF	SNTG	YRD	LX	JT	MGI	ENVA
QFIN		0.86	0.88	0.89	0.0	0.61	0.94	-0.38	0.02	0.63	QFIN
FINV	0.86		0.76	0.92	0.14	0.79	0.89	-0.61	0.06	0.47	FINV
QD	0.88	0.76		0.75	-0.21	0.42	0.92	-0.25	0.27	0.78	QD
XYF	0.89	0.92	0.75		0.19	0.81	0.91	-0.63	-0.06	0.45	XYF
SNTG	0.0	0.14	-0.21	0.19		0.37	-0.07	-0.35	-0.62	-0.62	SNTG
YRD	0.61	0.79	0.42	0.81	0.37		0.67	-0.77	-0.08	0.16	YRD
LX	0.94	0.89	0.92	0.91	-0.07	0.67		-0.45	0.17	0.69	LX
JT	-0.38	-0.61	-0.25	-0.63	-0.35	-0.77	-0.45		0.05	-0.04	JT
MGI	0.02	0.06	0.27	-0.06	-0.62	-0.08	0.17	0.05		0.44	MGI
ENVA	0.63	0.47	0.78	0.45	-0.62	0.16	0.69	-0.04	0.44		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

LX	+ 0.94	QFIN
XYF	+ 0.92	FINV
LX	+ 0.92	QD
LX	+ 0.91	XYF
XYF	+ 0.89	QFIN
LX	+ 0.89	FINV

High negative correlations

JT	- 0.77	YRD
JT	- 0.63	XYF
ENVA	- 0.62	SNTG
MGI	- 0.62	SNTG
JT	- 0.61	FINV
JT	- 0.45	LX

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	2.67	0.60	0.21	1.06	2.39	(3.26)	6.30	(4.25)	13.28
FINV	1.97	0.40	0.13	0.83	2.21	(2.12)	5.23	(4.60)	13.22
QD	3.10	0.91	0.29	2.32	2.25	(4.02)	6.93	(4.04)	33.52
XYF	3.09	0.86	0.18	(2.79)	3.05	(3.77)	9.28	(5.12)	27.09
SNTG	2.44	0.05	(0.04)	(0.01)	2.69	(3.36)	5.91	(4.78)	21.33
YRD	3.93	0.38	0.04	(2.01)	5.24	(4.41)	10.82	(6.80)	46.34
LX	4.93	1.96	0.32	5.95	4.25	(5.70)	14.75	(7.67)	44.77
JT	4.24	0.02	0.00	0.07	0.00	0.00	11.88	(7.59)	22.32
MGI	0.85	0.00	(0.06)	0.13	1.36	(1.31)	2.52	(2.02)	13.24
ENVA	1.67	0.11	0.14	0.18	1.59	(2.00)	3.02	(3.16)	13.01

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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