Commerzbank Correlations

CBK Stock

15.25 0.32 2.06%

The current 90-days correlation between Commerzbank AG and DNB BANK ASA is 0.02 (i.e., Significant diversification). The correlation of Commerzbank 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.

Commerzbank Correlation With Market

Very good diversification

The correlation between Commerzbank AG and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commerzbank AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Commerzbank Stock

0.75	BNP	BNP Paribas SA	Pair Corr
0.95	ZZMS	Commerzbank AG	Pair Corr

Moving against Commerzbank Stock

0.68	SYU1	Synovus Financial Corp	Pair Corr
0.62	D1NC	DNB BANK ASA	Pair Corr
0.46	KONN	Komercn banka as	Pair Corr
0.42	A5G	AIB Group plc	Pair Corr
0.33	SGE	Socit Gnrale Socit	Pair Corr
0.75	VAI	Vail Resorts	Pair Corr
0.73	EN3	Enbridge	Pair Corr
0.7	NT4	Northern Trust	Pair Corr
0.7	PTX	Palantir Technologies	Pair Corr
0.69	AF4	HANOVER INSURANCE	Pair Corr
0.68	HXL	Hexcel	Pair Corr
0.67	2WY	Wyndham Hotels Resorts	Pair Corr
0.62	HI91	Hilton Worldwide Holdings	Pair Corr
0.61	AQHE	Event Hospitality	Pair Corr
0.6	APC	Apple Inc	Pair Corr
0.54	PCG6	PG E P6	Pair Corr
0.53	AZ5	AutoZone	Pair Corr
0.5	WX7	Corporate Office Pro	Pair Corr
0.47	M5V	EHEALTH	Pair Corr
0.75	PPB	Flutter Entertainment PLC	Pair Corr
0.75	LIE	Sun Life Financial	Pair Corr

Related Correlations Analysis

	BNP	D1NC	DBK	SGE	CBK	ZZMS	A5G	BZI	KONN	SYU1
BNP		-0.58	-0.29	-0.47	0.75	0.67	-0.48	0.17	-0.46	-0.67	BNP
D1NC	-0.58		0.46	0.61	-0.62	-0.54	0.21	-0.27	0.6	0.85	D1NC
DBK	-0.29	0.46		0.53	-0.23	-0.17	0.23	0.27	0.74	0.45	DBK
SGE	-0.47	0.61	0.53		-0.33	-0.24	0.45	0.15	0.79	0.77	SGE
CBK	0.75	-0.62	-0.23	-0.33		0.95	-0.42	0.11	-0.46	-0.68	CBK
ZZMS	0.67	-0.54	-0.17	-0.24	0.95		-0.43	0.11	-0.37	-0.6	ZZMS
A5G	-0.48	0.21	0.23	0.45	-0.42	-0.43		0.38	0.4	0.37	A5G
BZI	0.17	-0.27	0.27	0.15	0.11	0.11	0.38		0.29	-0.1	BZI
KONN	-0.46	0.6	0.74	0.79	-0.46	-0.37	0.4	0.29		0.75	KONN
SYU1	-0.67	0.85	0.45	0.77	-0.68	-0.6	0.37	-0.1	0.75		SYU1
	BNP	D1NC	DBK	SGE	CBK	ZZMS	A5G	BZI	KONN	SYU1

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ZZMS	+ 0.95	CBK
SYU1	+ 0.85	D1NC
KONN	+ 0.79	SGE
SYU1	+ 0.77	SGE
CBK	+ 0.75	BNP
SYU1	+ 0.75	KONN

High negative correlations

SYU1	- 0.68	CBK
SYU1	- 0.67	BNP
CBK	- 0.62	D1NC
SYU1	- 0.6	ZZMS
D1NC	- 0.58	BNP
ZZMS	- 0.54	D1NC

Risk-Adjusted Indicators

There is a big difference between Commerzbank Stock performing well and Commerzbank 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 Commerzbank'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
BNP	1.05	(0.17)	0.00	0.40	0.00	0.00	1.73	(2.81)	5.82
D1NC	1.26	0.05	0.01	1.02	1.86	(1.28)	2.58	(2.96)	12.48
DBK	1.13	0.11	0.05	(0.39)	1.38	(1.18)	2.12	(2.41)	6.87
SGE	1.34	0.27	0.16	(0.53)	1.27	(1.60)	3.04	(2.48)	14.77
CBK	1.20	(0.02)	0.00	0.06	0.00	0.00	2.52	(2.11)	11.95
ZZMS	1.65	0.02	0.00	(0.14)	1.82	(2.20)	3.92	(3.07)	12.68
A5G	1.56	(0.09)	0.00	(5.44)	0.00	0.00	3.16	(3.65)	10.27
BZI	1.88	0.03	0.01	0.13	2.05	(2.27)	4.72	(4.03)	13.72
KONN	0.85	0.13	0.10	(4.49)	0.86	(0.93)	2.29	(1.84)	5.49
SYU1	1.76	0.30	0.16	1.07	1.51	(2.47)	4.03	(3.04)	19.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in Commerzbank 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?

Run Equity Valuation Now

Equity Valuation

Check real value of public entities based on technical and fundamental data

All Next

Launch Module

Commerzbank Corporate Management

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

Marcus Chromik	Chief Officer	Profile
Sven Korndorffer	Corp Head	Profile
Bettina Orlopp	Head CFO	Profile
Sabine Schmittroth	Bus HR	Profile
Michael Kotzbauer	Head MD	Profile
Manfred Knof	Chairman CEO	Profile
Magistrate CEFA	Member Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC