How does 'Om Mani Padme Hum' protect us from danger?

'Om Mani Padme Hum' (translation: 'Hail the jewel in the lotus') is a six syllable invocation (mantra) of Avlokitesvara, one who is invoked as the Protector from danger. Does it mean protecting from danger as purifying **:** - **Om** (Pride / Ego) - **Ma** (Jealousy / Lust for entertainment) - **Ni** (Passion / desire), - **Pad** (Ignorance / prejudice) - **Me** (Greed / possessiveness), - **Hum** (Aggression / hatred)