Commerzbank Correlations
| CRZBF Stock | USD 15.05 2.95 16.39% |
The current 90-days correlation between Commerzbank AG and Comerica is -0.03 (i.e., Good 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.
Commerzbank Correlation With Market
Average diversification
The correlation between Commerzbank AG and DJI is 0.1 (i.e., Average 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.
Commerzbank |
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 Pink Sheet
| 0.72 | AAC | Ares Acquisition | PairCorr |
| 0.69 | TRCA | Twin Ridge Capital | PairCorr |
| 0.68 | APAC | Stonebridge Acquisition Symbol Change | PairCorr |
| 0.7 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.62 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.71 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.69 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.63 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
Moving against Commerzbank Pink Sheet
| 0.62 | BBAS3 | Banco do Brasil | PairCorr |
| 0.44 | CVI | CVR Energy | PairCorr |
| 0.4 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.68 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.63 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.56 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.5 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Commerzbank Pink Sheet 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FHB | 1.32 | (0.01) | 0.07 | 0.12 | 1.40 | 2.72 | 16.01 | |||
| CPF | 1.75 | 0.00 | 0.06 | 0.13 | 2.07 | 3.31 | 17.89 | |||
| TBNK | 1.81 | (0.07) | 0.02 | 0.09 | 2.00 | 4.63 | 15.39 | |||
| CMA | 1.43 | 0.15 | 0.16 | 0.21 | 1.33 | 3.23 | 14.10 | |||
| BOH-PA | 0.86 | (0.08) | 0.00 | (0.31) | 0.00 | 1.33 | 4.53 | |||
| LYG | 1.41 | (0.26) | 0.00 | (0.23) | 0.00 | 2.54 | 12.01 | |||
| ZION | 1.63 | 0.02 | 0.12 | 0.13 | 1.47 | 3.51 | 20.65 | |||
| KEY | 1.41 | (0.06) | 0.08 | 0.10 | 1.37 | 2.99 | 19.76 | |||
| ITUB | 1.24 | (0.36) | 0.00 | (1.48) | 0.00 | 2.28 | 7.63 | |||
| FITB | 1.05 | 0.00 | 0.07 | 0.13 | 0.99 | 2.23 | 10.60 |
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Commerzbank Corporate Management
| Marcus Chromik | Member of the Management Board, Chief Risk Officer | Profile | |
| Sven Korndorffer | Corp Head | Profile | |
| Bettina Orlopp | Member of the Management Board for Human Resources and Legal | Profile | |
| Sabine Schmittroth | Bus HR | Profile | |
| Michael Kotzbauer | Head MD | Profile | |
| Manfred Knof | Chairman CEO | Profile | |
| Jorg CastilloSchulz | COO MD | Profile |