BBVA Banco Correlations

BBAR Stock

USD 19.02 0.59 3.20%

The current 90-days correlation between BBVA Banco Frances and Banco Macro SA is 0.91 (i.e., Almost no diversification). The correlation of BBVA Banco 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.

BBVA Banco Correlation With Market

Average diversification

The correlation between BBVA Banco Frances and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BBVA Banco Frances 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 BBVA Banco Frances. 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.

Moving together with BBVA Stock

0.71	KB	KB Financial Group	Pair Corr
0.76	EFSI	Eagle Financial Services	Pair Corr

Moving against BBVA Stock

0.66	EBMT	Eagle Bancorp Montana	Pair Corr
0.65	ECBK	ECB Bancorp	Pair Corr
0.41	DB	Deutsche Bank AG	Pair Corr
0.37	VABK	Virginia National	Pair Corr
0.34	WF	Woori Financial Group	Pair Corr
0.34	TECTP	Tectonic Financial	Pair Corr
0.43	WNEB	Western New England	Pair Corr

Related Correlations Analysis

	BMA	GGAL	BBD	ITUB	SUPV	AFBI	BAFN	BCAL	BSAC	BCML
BMA		0.97	-0.55	-0.78	0.94	-0.26	-0.84	0.14	-0.84	0.1	BMA
GGAL	0.97		-0.46	-0.69	0.96	-0.29	-0.79	0.09	-0.8	0.13	GGAL
BBD	-0.55	-0.46		0.9	-0.38	-0.3	0.75	-0.28	0.83	0.17	BBD
ITUB	-0.78	-0.69	0.9		-0.62	-0.18	0.93	-0.43	0.95	-0.05	ITUB
SUPV	0.94	0.96	-0.38	-0.62		-0.43	-0.71	-0.09	-0.73	0.0	SUPV
AFBI	-0.26	-0.29	-0.3	-0.18	-0.43		-0.12	0.52	-0.09	0.07	AFBI
BAFN	-0.84	-0.79	0.75	0.93	-0.71	-0.12		-0.39	0.95	-0.09	BAFN
BCAL	0.14	0.09	-0.28	-0.43	-0.09	0.52	-0.39		-0.32	0.65	BCAL
BSAC	-0.84	-0.8	0.83	0.95	-0.73	-0.09	0.95	-0.32		-0.02	BSAC
BCML	0.1	0.13	0.17	-0.05	0.0	0.07	-0.09	0.65	-0.02		BCML
	BMA	GGAL	BBD	ITUB	SUPV	AFBI	BAFN	BCAL	BSAC	BCML

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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

GGAL	+ 0.97	BMA
SUPV	+ 0.96	GGAL
BSAC	+ 0.95	ITUB
BSAC	+ 0.95	BAFN
SUPV	+ 0.94	BMA
BAFN	+ 0.93	ITUB

High negative correlations

BSAC	- 0.84	BMA
BAFN	- 0.84	BMA
BSAC	- 0.8	GGAL
BAFN	- 0.79	GGAL
ITUB	- 0.78	BMA
BSAC	- 0.73	SUPV

Risk-Adjusted Indicators

There is a big difference between BBVA Stock performing well and BBVA Banco 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 BBVA Banco'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
BMA	3.31	(0.05)	0.00	(0.14)	0.00	0.00	7.03	(6.40)	23.57
GGAL	2.85	0.00	0.00	(0.06)	0.00	0.00	5.31	(6.09)	17.43
BBD	1.75	0.26	0.11	0.29	2.05	(2.09)	3.83	(3.38)	10.46
ITUB	1.27	0.40	0.24	0.54	1.22	(1.51)	4.09	(1.96)	8.16
SUPV	3.72	0.29	0.06	0.22	4.26	(4.07)	8.08	(7.26)	26.02
AFBI	1.15	(0.11)	0.00	(0.39)	0.00	0.00	2.53	(2.02)	22.46
BAFN	2.01	0.67	0.35	0.49	1.54	(2.64)	4.62	(3.37)	18.73
BCAL	1.12	(0.22)	0.00	(0.42)	0.00	0.00	2.01	(2.95)	9.36
BSAC	1.16	0.28	0.20	0.44	1.28	(1.18)	2.52	(2.22)	5.64
BCML	1.52	(0.12)	0.00	(0.17)	0.00	0.00	2.58	(3.87)	10.35

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