BNP Paribas Correlations

BNP Stock

57.47 0.31 0.54%

The current 90-days correlation between BNP Paribas SA and InterContinental Hotels Group is -0.02 (i.e., Good diversification). The correlation of BNP Paribas 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.

BNP Paribas Correlation With Market

Good diversification

The correlation between BNP Paribas SA and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BNP Paribas SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BNP Paribas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BNP Paribas 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 BNP Paribas - 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 BNP Paribas SA to buy it.

Moving together with BNP Stock

0.71	CBK	Commerzbank AG	Pair Corr
0.66	ZZMS	Commerzbank AG	Pair Corr
0.7	BYRA	BANK RAKYAT IND	Pair Corr
0.7	BYRA	PT Bank Rakyat	Pair Corr
0.69	PQ9	PT Bank Mandiri	Pair Corr
0.75	PQ9	BANK MANDIRI	Pair Corr

Moving against BNP Stock

0.68	SYU1	Synovus Financial Corp	Pair Corr
0.56	D1NC	DNB BANK ASA	Pair Corr
0.48	KONN	Komercn banka as	Pair Corr
0.47	SGE	Socit Gnrale Socit	Pair Corr
0.45	A5G	AIB Group plc	Pair Corr
0.37	DBK	Deutsche Bank Aktien	Pair Corr
0.78	EN3	Enbridge	Pair Corr
0.78	PTX	Palantir Technologies	Pair Corr
0.76	AF4	HANOVER INSURANCE	Pair Corr
0.73	HI91	Hilton Worldwide Holdings	Pair Corr
0.7	2WY	Wyndham Hotels Resorts	Pair Corr
0.68	NT4	Northern Trust	Pair Corr
0.67	VAI	Vail Resorts	Pair Corr
0.64	PCG6	PG E P6	Pair Corr
0.59	AQHE	Event Hospitality	Pair Corr
0.57	APC	Apple Inc	Pair Corr
0.57	AZ5	AutoZone	Pair Corr
0.55	M5V	EHEALTH	Pair Corr
0.53	HXL	Hexcel	Pair Corr
0.47	WX7	Corporate Office Pro	Pair Corr
0.32	NGLD	ANGLO AMERICAN SPADR	Pair Corr
0.84	VA7A	VERISK ANLYTCS A	Pair Corr
0.84	PPB	Flutter Entertainment PLC	Pair Corr

Related Correlations Analysis

	IC1H	NY70	0XHR	A9U	CM2	DHG	HMT	T6W
IC1H		0.94	0.91	0.49	0.89	0.83	0.89	0.61	IC1H
NY70	0.94		0.85	0.45	0.85	0.8	0.82	0.53	NY70
0XHR	0.91	0.85		0.59	0.81	0.65	0.92	0.7	0XHR
A9U	0.49	0.45	0.59		0.36	0.17	0.62	0.65	A9U
CM2	0.89	0.85	0.81	0.36		0.72	0.78	0.53	CM2
DHG	0.83	0.8	0.65	0.17	0.72		0.64	0.27	DHG
HMT	0.89	0.82	0.92	0.62	0.78	0.64		0.7	HMT
T6W	0.61	0.53	0.7	0.65	0.53	0.27	0.7		T6W
	IC1H	NY70	0XHR	A9U	CM2	DHG	HMT	T6W

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Risk-Adjusted Indicators

There is a big difference between BNP Stock performing well and BNP Paribas 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 BNP Paribas' 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
IC1H	1.09	0.33	0.19	0.43	0.92	(1.60)	2.58	(1.94)	10.87
NY70	1.03	0.19	0.06	22.45	1.21	(1.89)	3.60	(2.89)	10.52
0XHR	1.55	0.20	0.10	1.96	1.47	(2.18)	4.93	(3.01)	9.49
A9U	1.14	0.10	0.07	0.37	0.93	(2.00)	3.24	(1.72)	9.17
CM2	1.44	0.66	0.38	1.37	1.06	(1.70)	3.67	(1.88)	10.47
DHG	1.40	0.20	0.10	0.42	1.60	(1.67)	2.90	(2.64)	7.79
HMT	1.17	0.07	0.04	0.09	1.36	(1.52)	2.47	(2.45)	11.81
T6W	1.88	0.09	0.03	0.14	2.06	(3.23)	2.94	(2.86)	14.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in BNP Paribas 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.

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BNP Paribas Corporate Management

Elected by the shareholders, the BNP Paribas' board of directors comprises two types of representatives: BNP Paribas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BNP. The board's role is to monitor BNP Paribas' management team and ensure that shareholders' interests are well served. BNP Paribas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BNP Paribas' outside directors are responsible for providing unbiased perspectives on the board's policies.

Juliette Brisac	Director Department	Profile
Thierry Laborde	Personal Commercial	Profile
Renaud Dumora	Deputy Services	Profile
Stphane Marnhac	Head Information	Profile
Yann Gerardin	COO Banking	Profile
Lars Machenil	Group Officer	Profile
Hugues Epaillard	Bus Director	Profile

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