Banco Bradesco Correlations
| BBDO Stock | USD 2.03 0.03 1.50% |
The current 90-days correlation between Banco Bradesco SA and Banco De Chile is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Banco Bradesco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Banco Bradesco SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Banco Bradesco Correlation With Market
Average diversification
The correlation between Banco Bradesco SA 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 Banco Bradesco SA and DJI in the same portfolio, assuming nothing else is changed.
Banco |
Moving together with Banco Stock
| 0.66 | DB | Deutsche Bank AG | PairCorr |
| 0.62 | NU | Nu Holdings | PairCorr |
| 0.68 | WF | Woori Financial Group | PairCorr |
| 0.74 | TECTP | Tectonic Financial | PairCorr |
| 0.78 | TFC-PO | Truist Financial | PairCorr |
| 0.7 | TFC-PR | Truist Financial | PairCorr |
| 0.68 | CFG-PE | Citizens Financial | PairCorr |
| 0.74 | CFG-PH | Citizens Financial Group, | PairCorr |
| 0.65 | KEY-PI | KeyCorp | PairCorr |
| 0.64 | KEY-PJ | KeyCorp | PairCorr |
| 0.7 | KEY-PL | KeyCorp | PairCorr |
| 0.82 | BANC-PF | Banc of California | PairCorr |
| 0.83 | WSBCP | WesBanco | PairCorr |
Moving against Banco Stock
| 0.33 | AX | Axos Financial | PairCorr |
| 0.31 | VBNK | VersaBank | PairCorr |
| 0.62 | WAFD | Washington Federal | PairCorr |
| 0.58 | WAFDP | Washington Federal | PairCorr |
| 0.54 | EFSI | Eagle Financial Services | PairCorr |
| 0.32 | EGBN | Eagle Bancorp | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Banco Stock performing well and Banco Bradesco 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 Banco Bradesco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CULL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HFBL | 1.61 | 0.16 | 0.07 | 0.48 | 2.06 | 5.67 | 13.32 | |||
| HMNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LNKB | 1.44 | (0.11) | 0.00 | (0.19) | 0.00 | 3.17 | 8.31 | |||
| HVBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AFBI | 1.15 | (0.11) | 0.00 | (0.39) | 0.00 | 2.53 | 22.46 | |||
| BCAL | 1.12 | (0.22) | 0.00 | (0.42) | 0.00 | 2.01 | 9.36 | |||
| AUBN | 1.53 | (0.06) | 0.00 | (0.29) | 0.00 | 2.75 | 7.16 | |||
| BCML | 1.52 | (0.12) | 0.00 | (0.17) | 0.00 | 2.58 | 10.35 | |||
| CWBC | 0.99 | (0.21) | 0.00 | (0.33) | 0.00 | 2.28 | 6.01 |