Foreign Trade Correlations

BLX Stock

USD 37.18 0.83 2.18%

The current 90-days correlation between Foreign Trade Bank and CrossFirst Bankshares is 0.22 (i.e., Modest diversification). The correlation of Foreign Trade 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.

Foreign Trade Correlation With Market

Very weak diversification

The correlation between Foreign Trade Bank and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foreign Trade Bank 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 Foreign Trade Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Foreign Stock

0.72	V	Visa Class A	Pair Corr
0.75	DB	Deutsche Bank AG	Pair Corr
0.77	DX	Dynex Capital	Pair Corr
0.63	LU	Lufax Holding	Pair Corr
0.71	LX	Lexinfintech Holdings	Pair Corr
0.61	XP	Xp Inc	Pair Corr
0.65	DMYY	dMY Squared Technology	Pair Corr
0.61	DOMH	Dominari Holdings	Pair Corr
0.62	GCMGW	GCM Grosvenor	Pair Corr
0.71	DYCQ	DT Cloud Acquisition	Pair Corr
0.73	EMCGU	Embrace Change Acqui	Pair Corr

Moving against Foreign Stock

0.65	LC	LendingClub Corp	Pair Corr
0.59	DHIL	Diamond Hill Investment	Pair Corr
0.55	RC	Ready Capital Corp	Pair Corr
0.51	BX	Blackstone Group	Pair Corr
0.35	MC	Moelis	Pair Corr
0.77	WT	WisdomTree	Pair Corr
0.75	VRTS	Virtus Investment	Pair Corr
0.68	WD	Walker Dunlop	Pair Corr
0.49	ECPG	Encore Capital Group	Pair Corr
0.48	LGHLW	Lion Financial Group	Pair Corr

Related Correlations Analysis

	BSAC	CIB	BBDO	BAP	BSBR	AVAL	BCH	HFBL	HMNF	HVBC
BSAC		0.95	0.84	0.37	0.89	0.91	0.99	0.44	0.0	0.0	BSAC
CIB	0.95		0.86	0.27	0.9	0.97	0.94	0.59	0.0	0.0	CIB
BBDO	0.84	0.86		0.49	0.95	0.83	0.83	0.51	0.0	0.0	BBDO
BAP	0.37	0.27	0.49		0.46	0.16	0.38	0.0	0.0	0.0	BAP
BSBR	0.89	0.9	0.95	0.46		0.88	0.88	0.53	0.0	0.0	BSBR
AVAL	0.91	0.97	0.83	0.16	0.88		0.9	0.63	0.0	0.0	AVAL
BCH	0.99	0.94	0.83	0.38	0.88	0.9		0.44	0.0	0.0	BCH
HFBL	0.44	0.59	0.51	0.0	0.53	0.63	0.44		0.0	0.0	HFBL
HMNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HMNF
HVBC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		HVBC
	BSAC	CIB	BBDO	BAP	BSBR	AVAL	BCH	HFBL	HMNF	HVBC

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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

BCH	+ 0.99	BSAC
AVAL	+ 0.97	CIB
CIB	+ 0.95	BSAC
BSBR	+ 0.95	BBDO
BCH	+ 0.94	CIB
AVAL	+ 0.91	BSAC

High negative correlations

HVBC	- 0.0	HMNF
HVBC	- 0.0	HFBL
HMNF	- 0.0	HFBL
HVBC	- 0.0	BCH
HMNF	- 0.0	BCH
HVBC	- 0.0	AVAL

Risk-Adjusted Indicators

There is a big difference between Foreign Stock performing well and Foreign Trade 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 Foreign Trade'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
BSAC	1.16	0.28	0.20	0.44	1.28	(1.18)	2.52	(2.22)	5.64
CIB	1.39	0.47	0.34	0.61	1.10	(1.68)	4.11	(2.11)	8.34
BBDO	1.78	0.19	0.09	0.41	2.30	(1.95)	3.17	(3.54)	9.81
BAP	0.98	0.06	0.07	0.06	1.26	(1.01)	1.88	(2.03)	7.54
BSBR	1.77	0.29	0.14	0.51	2.07	(2.09)	4.42	(4.26)	9.51
AVAL	2.18	0.42	0.18	1.31	2.32	(2.59)	5.18	(3.73)	14.82
BCH	0.99	0.32	0.27	0.76	0.95	(1.06)	2.32	(1.74)	4.98
HFBL	1.61	0.16	0.07	0.48	2.06	(2.10)	5.67	(4.53)	13.32
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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