BNP Paribas Correlations

BNPQY Stock

USD 37.93 0.31 0.81%

The current 90-days correlation between BNP Paribas SA and Societe Generale ADR is 0.71 (i.e., Poor 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

Significant diversification

The correlation between BNP Paribas SA and DJI is 0.08 (i.e., Significant 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 OTC Stock

0.61	SSNLF	Samsung Electronics	Pair Corr
0.87	JPM	JPMorgan Chase	Pair Corr
0.87	T	ATT Inc Aggressive Push	Pair Corr
0.87	GE	GE Aerospace	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.76	KO	Coca Cola Aggressive Push	Pair Corr
0.76	WMT	Walmart	Pair Corr

Moving against BNP OTC Stock

0.88	MRK	Merck Company Aggressive Push	Pair Corr
0.77	PBCRY	Bank Central Asia	Pair Corr
0.72	PPERF	Bank Mandiri Persero	Pair Corr
0.7	PPERY	Bank Mandiri Persero	Pair Corr
0.7	PTAIY	Astra International Tbk Earnings Call Today	Pair Corr
0.64	PBCRF	PT Bank Central	Pair Corr
0.59	AA	Alcoa Corp	Pair Corr
0.57	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.56	TLK	Telkom Indonesia Tbk	Pair Corr
0.54	BKRKY	Bank Rakyat	Pair Corr
0.54	MSFT	Microsoft	Pair Corr
0.51	CAT	Caterpillar	Pair Corr
0.36	HPQ	HP Inc Earnings Call Today	Pair Corr

Related Correlations Analysis

	SCGLY	ISNPY	CRZBY	SWDBY	UNCRY	BDORY	CRARY	CRARF	FMBL
SCGLY		0.95	0.93	0.96	0.96	0.87	0.98	0.95	-0.32	SCGLY
ISNPY	0.95		0.95	0.97	0.98	0.8	0.96	0.93	-0.28	ISNPY
CRZBY	0.93	0.95		0.96	0.98	0.86	0.97	0.96	-0.49	CRZBY
SWDBY	0.96	0.97	0.96		0.98	0.86	0.97	0.94	-0.33	SWDBY
UNCRY	0.96	0.98	0.98	0.98		0.88	0.98	0.95	-0.38	UNCRY
BDORY	0.87	0.8	0.86	0.86	0.88		0.9	0.86	-0.45	BDORY
CRARY	0.98	0.96	0.97	0.97	0.98	0.9		0.97	-0.42	CRARY
CRARF	0.95	0.93	0.96	0.94	0.95	0.86	0.97		-0.45	CRARF
FMBL	-0.32	-0.28	-0.49	-0.33	-0.38	-0.45	-0.42	-0.45		FMBL
	SCGLY	ISNPY	CRZBY	SWDBY	UNCRY	BDORY	CRARY	CRARF	FMBL

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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

CRARY	+ 0.98	SCGLY
UNCRY	+ 0.98	ISNPY
UNCRY	+ 0.98	CRZBY
UNCRY	+ 0.98	SWDBY
CRARY	+ 0.98	UNCRY
SWDBY	+ 0.97	ISNPY

High negative correlations

FMBL	- 0.49	CRZBY
FMBL	- 0.45	CRARF
FMBL	- 0.45	BDORY
FMBL	- 0.42	CRARY
FMBL	- 0.38	UNCRY
FMBL	- 0.33	SWDBY

Risk-Adjusted Indicators

There is a big difference between BNP OTC Stock performing well and BNP Paribas OTC Stock 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
SCGLY	1.62	0.59	0.41	2.55	0.93	(2.11)	3.86	(2.41)	14.51
ISNPY	1.00	0.31	0.30	2.11	0.72	(1.21)	2.80	(1.65)	4.96
CRZBY	1.25	0.33	0.22	(3.37)	1.20	(1.46)	3.09	(2.18)	6.06
SWDBY	1.03	0.30	0.28	0.53	0.73	(1.23)	2.69	(1.61)	6.61
UNCRY	1.28	0.37	0.25	0.78	1.21	(1.48)	3.22	(2.10)	7.49
BDORY	1.77	0.19	0.08	1.99	2.10	(1.92)	3.84	(3.98)	9.85
CRARY	1.01	0.24	0.21	2.13	0.88	(1.22)	2.14	(1.65)	5.99
CRARF	1.41	0.26	0.11	(2.56)	1.58	(2.05)	3.74	(2.76)	10.01
FMBL	0.43	0.04	0.06	0.61	0.45	(0.58)	0.90	(0.99)	3.47

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	Head of BNP Paribas Personal Finance, Member of the Executive Committee	Profile
Stphane Marnhac	Head Information	Profile
Yann Gerardin	Head of Global Equities and Commodity Derivatives, Member of the Executive Committee	Profile
Lars Machenil	Group Officer	Profile
Bernard Gavgani	Group Officer	Profile

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