Grupo Aval Correlations

AVAL Stock

USD 2.83 0.06 2.08%

The current 90-days correlation between Grupo Aval and Bancolombia SA ADR is 0.47 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grupo Aval moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Aval moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Grupo Aval Correlation With Market

Average diversification

The correlation between Grupo Aval 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 Grupo Aval and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Grupo Aval. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Grupo Stock please use our How to buy in Grupo Stock guide.

Moving together with Grupo Stock

0.77	WF	Woori Financial Group	Pair Corr
0.88	TECTP	Tectonic Financial	Pair Corr
0.77	TFC-PO	Truist Financial	Pair Corr
0.68	TFC-PR	Truist Financial	Pair Corr
0.66	EBMT	Eagle Bancorp Montana	Pair Corr
0.62	CFG-PH	Citizens Financial Group,	Pair Corr
0.72	KEY-PI	KeyCorp	Pair Corr
0.7	KEY-PL	KeyCorp	Pair Corr
0.9	BANC-PF	Banc of California	Pair Corr
0.87	WSBCP	WesBanco	Pair Corr

Moving against Grupo Stock

0.63	AX	Axos Financial	Pair Corr
0.62	EFSI	Eagle Financial Services	Pair Corr
0.62	EGBN	Eagle Bancorp	Pair Corr
0.56	VBNK	VersaBank	Pair Corr
0.51	VBTX	Veritex Holdings	Pair Corr
0.48	KB	KB Financial Group	Pair Corr
0.46	VABK	Virginia National	Pair Corr
0.41	RF	Regions Financial	Pair Corr
0.76	WAFDP	Washington Federal	Pair Corr
0.75	WAFD	Washington Federal	Pair Corr
0.75	FBLA	FB Bancorp, Common	Pair Corr
0.6	FBNC	First Bancorp	Pair Corr
0.52	WABC	Westamerica Bancorporation	Pair Corr
0.44	EVBN	Evans Bancorp	Pair Corr
0.39	WTFC	Wintrust Financial	Pair Corr
0.37	EWBC	East West Bancorp	Pair Corr

Related Correlations Analysis

	BCH	BSAC	BAP	BLX	CIB	BBDO	BSBR	AFBI	BAFN	BCAL
BCH		0.99	0.12	0.74	0.95	0.78	0.87	-0.21	0.96	-0.36	BCH
BSAC	0.99		0.15	0.71	0.94	0.79	0.88	-0.2	0.95	-0.29	BSAC
BAP	0.12	0.15		-0.05	0.03	0.38	0.29	-0.04	-0.01	0.26	BAP
BLX	0.74	0.71	-0.05		0.75	0.56	0.66	-0.45	0.81	-0.57	BLX
CIB	0.95	0.94	0.03	0.75		0.8	0.88	-0.33	0.95	-0.35	CIB
BBDO	0.78	0.79	0.38	0.56	0.8		0.94	-0.34	0.74	-0.11	BBDO
BSBR	0.87	0.88	0.29	0.66	0.88	0.94		-0.42	0.83	-0.27	BSBR
AFBI	-0.21	-0.2	-0.04	-0.45	-0.33	-0.34	-0.42		-0.25	0.65	AFBI
BAFN	0.96	0.95	-0.01	0.81	0.95	0.74	0.83	-0.25		-0.4	BAFN
BCAL	-0.36	-0.29	0.26	-0.57	-0.35	-0.11	-0.27	0.65	-0.4		BCAL
	BCH	BSAC	BAP	BLX	CIB	BBDO	BSBR	AFBI	BAFN	BCAL

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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

BSAC	+ 0.99	BCH
BAFN	+ 0.96	BCH
CIB	+ 0.95	BCH
BAFN	+ 0.95	BSAC
BAFN	+ 0.95	CIB
CIB	+ 0.94	BSAC

High negative correlations

BCAL	- 0.57	BLX
AFBI	- 0.45	BLX
AFBI	- 0.42	BSBR
BCAL	- 0.4	BAFN
BCAL	- 0.36	BCH
BCAL	- 0.35	CIB

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Aval 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 Grupo Aval'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
BCH	0.93	0.33	0.31	0.76	0.81	(0.98)	2.16	(1.47)	5.00
BSAC	1.16	0.31	0.23	0.47	1.29	(1.17)	2.52	(2.22)	5.64
BAP	1.03	0.05	0.08	0.01	1.30	(1.07)	2.18	(2.03)	7.54
BLX	1.29	0.26	0.15	0.15	1.56	(1.35)	3.17	(2.23)	15.38
CIB	1.39	0.53	0.38	0.63	1.11	(1.67)	4.11	(2.11)	8.34
BBDO	1.81	0.11	0.07	0.22	2.34	(1.95)	3.17	(3.19)	9.81
BSBR	1.80	0.23	0.11	0.37	2.22	(2.05)	4.42	(4.26)	9.51
AFBI	1.14	0.00	0.00	0.00	0.00	0.00	2.53	(2.02)	22.46
BAFN	2.01	0.71	0.36	0.48	1.56	(2.57)	4.62	(3.37)	18.73
BCAL	1.12	(0.20)	0.00	(0.41)	0.00	0.00	2.01	(2.95)	9.36

Grupo Aval Corporate Executives

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

Diego Saravia

Chief Financial Officer

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