Erste Group Correlations
| EBKDY Stock | USD 30.87 0.77 2.56% |
The current 90-days correlation between Erste Group Bank and CarMax Inc is -0.12 (i.e., Good diversification). The correlation of Erste Group 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.
Erste Group Correlation With Market
Good diversification
The correlation between Erste Group Bank and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Erste Group Bank and DJI in the same portfolio, assuming nothing else is changed.
Erste |
The ability to find closely correlated positions to Erste Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erste Group 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 Erste Group - 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 Erste Group Bank to buy it.
Moving together with Erste Pink Sheet
| 0.68 | USB-PH | US Bancorp | PairCorr |
| 0.61 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.62 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Erste Pink Sheet
| 0.73 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.61 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.55 | BBAS3 | Banco do Brasil | PairCorr |
| 0.51 | BNPQY | BNP Paribas SA | PairCorr |
| 0.49 | BNPQF | BNP Paribas SA | PairCorr |
| 0.76 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.63 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.45 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
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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 Erste Pink Sheet performing well and Erste Group 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 Erste Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSTSX | 0.45 | (0.01) | (0.09) | 0.07 | 0.43 | 1.21 | 2.80 | |||
| XTWO | 0.08 | (0.01) | 0.00 | 2.01 | 0.00 | 0.12 | 0.53 | |||
| SVII | 0.18 | (0.04) | (0.13) | (0.02) | 0.39 | 0.44 | 4.77 | |||
| XTWY | 0.79 | (0.17) | 0.00 | 3.30 | 0.00 | 1.33 | 5.49 | |||
| SEGI | 10.20 | 2.31 | 0.13 | (1.04) | 10.34 | 28.57 | 62.86 | |||
| FPCG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KMX | 1.34 | 0.08 | 0.07 | 0.16 | 1.39 | 4.14 | 8.69 | |||
| SEIC | 0.79 | 0.31 | 0.30 | 0.48 | 0.41 | 1.57 | 7.23 |
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Erste Group Corporate Management
| Magistrate Bleier | Chief Officer | Profile | |
| Markus Posch | Head HR | Profile | |
| Magistrate Cernko | Chief CEO | Profile | |
| David OMahony | COO Board | Profile | |
| Carmen Staicu | Spokesperson Communications | Profile | |
| Thomas Sommerauer | Head of Group Investor Relations | Profile | |
| Maurizio Poletto | Chief Board | Profile |