Banco Bilbao Correlations

BBVA Stock

USD 9.45 0.20 2.16%

The current 90-days correlation between Banco Bilbao Viscaya and Barclays PLC ADR is 0.32 (i.e., Weak diversification). The correlation of Banco Bilbao 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.

Banco Bilbao Correlation With Market

Good diversification

The correlation between Banco Bilbao Viscaya and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banco Bilbao Viscaya 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 Banco Bilbao Viscaya. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Banco Stock

0.72	ING	ING Group NV	Pair Corr
0.68	JPM-PK	JPMorgan Chase	Pair Corr
0.68	JPM-PJ	JPMorgan Chase	Pair Corr
0.65	JPM-PM	JPMorgan Chase	Pair Corr
0.68	JPM-PL	JPMorgan Chase	Pair Corr
0.87	SAN	Banco Santander SA	Pair Corr
0.71	BAC-PN	Bank of America	Pair Corr
0.71	BAC-PQ	Bank of America	Pair Corr
0.71	BAC-PO	Bank of America	Pair Corr
0.71	BAC-PP	Bank of America	Pair Corr
0.67	BAC-PS	Bank of America	Pair Corr

Moving against Banco Stock

0.59	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.58	BAC	Bank of America Aggressive Push	Pair Corr
0.55	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.42	C	Citigroup Aggressive Push	Pair Corr
0.4	CM	Canadian Imperial Bank Earnings Call This Week	Pair Corr
0.37	BCS	Barclays PLC ADR Aggressive Push	Pair Corr
0.58	WFC	Wells Fargo Aggressive Push	Pair Corr
0.64	L	Loews Corp	Pair Corr
0.61	V	Visa Class A	Pair Corr
0.56	DIST	Distoken Acquisition	Pair Corr
0.51	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.5	SMFG	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.41	C-PN	Citigroup Capital XIII	Pair Corr

Related Correlations Analysis

	BCS	ING	BCDRF	HSBC	NWG	SAN	UBS	C	RY	MUFG
BCS		-0.83	-0.12	0.76	0.95	-0.09	0.79	0.9	0.61	0.84	BCS
ING	-0.83		0.39	-0.66	-0.82	0.52	-0.59	-0.88	-0.49	-0.86	ING
BCDRF	-0.12	0.39		-0.03	-0.07	0.6	0.04	-0.21	-0.21	-0.31	BCDRF
HSBC	0.76	-0.66	-0.03		0.85	-0.02	0.57	0.78	0.43	0.68	HSBC
NWG	0.95	-0.82	-0.07	0.85		-0.06	0.74	0.89	0.55	0.84	NWG
SAN	-0.09	0.52	0.6	-0.02	-0.06		0.18	-0.28	-0.1	-0.4	SAN
UBS	0.79	-0.59	0.04	0.57	0.74	0.18		0.7	0.55	0.52	UBS
C	0.9	-0.88	-0.21	0.78	0.89	-0.28	0.7		0.47	0.9	C
RY	0.61	-0.49	-0.21	0.43	0.55	-0.1	0.55	0.47		0.45	RY
MUFG	0.84	-0.86	-0.31	0.68	0.84	-0.4	0.52	0.9	0.45		MUFG
	BCS	ING	BCDRF	HSBC	NWG	SAN	UBS	C	RY	MUFG

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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

NWG	+ 0.95	BCS
C	+ 0.9	BCS
MUFG	+ 0.9	C
C	+ 0.89	NWG
NWG	+ 0.85	HSBC
MUFG	+ 0.84	BCS

High negative correlations

C	- 0.88	ING
MUFG	- 0.86	ING
ING	- 0.83	BCS
NWG	- 0.82	ING
HSBC	- 0.66	ING
UBS	- 0.59	ING

Risk-Adjusted Indicators

There is a big difference between Banco Stock performing well and Banco Bilbao 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 Bilbao'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
BCS	1.62	0.01	0.04	0.13	1.94	(1.65)	3.35	(3.13)	10.17
ING	1.04	(0.22)	0.00	4.48	0.00	0.00	1.44	(2.37)	7.23
BCDRF	3.50	0.01	(0.02)	0.02	4.44	(3.99)	7.68	(8.20)	16.67
HSBC	0.96	0.06	(0.01)	0.25	1.38	(0.93)	2.03	(2.34)	6.87
NWG	1.42	0.09	0.05	0.23	1.57	(1.59)	2.97	(2.54)	8.05
SAN	1.29	(0.08)	0.00	(0.73)	0.00	0.00	1.98	(3.70)	8.69
UBS	1.17	(0.10)	(0.04)	0.05	1.59	(1.17)	2.32	(2.65)	7.85
C	1.42	(0.01)	0.07	0.12	1.47	(1.62)	3.56	(1.97)	10.33
RY	0.65	0.04	(0.05)	0.22	0.56	(0.75)	1.49	(0.90)	4.09
MUFG	1.34	0.06	0.05	0.18	1.61	(1.35)	3.19	(2.73)	9.15

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