Banco De Correlations
| BNDSF Stock | USD 1.89 0.03 1.61% |
The current 90-days correlation between Banco de Sabadell and Bank of America is 0.25 (i.e., Modest diversification). The correlation of Banco De 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 |
The ability to find closely correlated positions to Banco De could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Banco De when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Banco De - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Banco de Sabadell to buy it.
Moving together with Banco Pink Sheet
| 0.61 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.67 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.67 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.68 | BKRKY | Bank Rakyat | PairCorr |
Moving against Banco Pink Sheet
| 0.73 | DUOT | Duos Technologies Tech Boost | PairCorr |
| 0.68 | WFC | Wells Fargo Fiscal Year End 10th of January 2025 | PairCorr |
| 0.67 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.67 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.66 | CME | CME Group | PairCorr |
| 0.66 | OPFI | OppFi Inc Potential Growth | PairCorr |
| 0.63 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.63 | OZK | Bank Ozk Fiscal Year End 16th of January 2025 | PairCorr |
| 0.62 | DECK | Deckers Outdoor | PairCorr |
| 0.61 | BR | Broadridge Financial | PairCorr |
| 0.59 | WAVE | Eco Wave Power | PairCorr |
| 0.58 | TATT | Tat Techno | PairCorr |
| 0.53 | BML-PG | Bank of America | PairCorr |
| 0.53 | IDCBF | Industrial and Commercial | PairCorr |
| 0.47 | RY | Royal Bank Earnings Call Today | PairCorr |
| 0.44 | KB | KB Financial Group | PairCorr |
| 0.43 | IDCBY | Industrial Commercial | PairCorr |
| 0.39 | BAC-PK | Bank of America | PairCorr |
| 0.39 | KODK | Eastman Kodak | PairCorr |
| 0.37 | BILI | Bilibili | PairCorr |
| 0.36 | WFC-PY | Wells Fargo | PairCorr |
| 0.72 | KMI | Kinder Morgan Sell-off Trend | PairCorr |
| 0.71 | PLTR | Palantir Technologies Buyout Trend | PairCorr |
| 0.71 | T | ATT Inc Aggressive Push | PairCorr |
| 0.7 | HA | Hawaiian Holdings | PairCorr |
| 0.69 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.68 | MSTR | MicroStrategy Incorporated | PairCorr |
| 0.68 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.65 | MAIN | Main Street Capital | PairCorr |
| 0.63 | FTNT | Fortinet Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.89 | 0.42 | 0.8 | 0.39 | 0.46 | BML-PH | ||
| 0.89 | 0.41 | 0.8 | 0.43 | 0.46 | BML-PG | ||
| 0.42 | 0.41 | 0.43 | 0.0 | -0.1 | ACGBF | ||
| 0.8 | 0.8 | 0.43 | 0.05 | 0.2 | BML-PJ | ||
| 0.39 | 0.43 | 0.0 | 0.05 | 0.72 | CMWAY | ||
| 0.46 | 0.46 | -0.1 | 0.2 | 0.72 | ANZGY | ||
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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 Pink Sheet performing well and Banco De 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 De'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BML-PH | 0.53 | 0.04 | (0.05) | 0.23 | 0.66 | 1.06 | 3.42 | |||
| BML-PG | 0.42 | 0.07 | (0.07) | (0.43) | 0.50 | 0.97 | 2.56 | |||
| ACGBF | 1.34 | 0.45 | 0.00 | (0.28) | 0.00 | 8.51 | 24.29 | |||
| BML-PJ | 0.43 | 0.08 | (0.03) | 5.52 | 0.35 | 0.90 | 2.24 | |||
| CMWAY | 0.93 | 0.10 | 0.01 | 0.66 | 1.06 | 2.22 | 7.38 | |||
| ANZGY | 0.81 | 0.05 | (0.07) | (0.77) | 0.83 | 1.59 | 5.68 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Banco De without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Banco De Corporate Management
| Gabriel Rafael | Assistant Relations | Profile | |
| Cecilia Romero | Head Relations | Profile | |
| Conchita Hernndez | Organization Operations | Profile | |
| Leopoldo Trenor | CFO GM | Profile | |
| Federico Castillo | Chief Operating and Technology Officer | Profile |