Intercorp Financial Correlations

IFS Stock

USD 33.51 0.80 2.33%

The current 90-days correlation between Intercorp Financial and BancFirst is 0.37 (i.e., Weak diversification). The correlation of Intercorp Financial 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.

Intercorp Financial Correlation With Market

Weak diversification

The correlation between Intercorp Financial Services and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intercorp Financial Services and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intercorp Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Intercorp Stock

0.8	DB	Deutsche Bank AG	Pair Corr
0.75	WF	Woori Financial Group	Pair Corr
0.62	VBFC	Village Bank	Pair Corr
0.83	TECTP	Tectonic Financial	Pair Corr
0.7	EBMT	Eagle Bancorp Montana	Pair Corr
0.63	KEY-PI	KeyCorp	Pair Corr
0.72	KEY-PJ	KeyCorp	Pair Corr
0.74	KEY-PL	KeyCorp	Pair Corr
0.74	BANC-PF	Banc of California	Pair Corr
0.77	WSBCP	WesBanco	Pair Corr

Moving against Intercorp Stock

0.63	KB	KB Financial Group	Pair Corr
0.6	VBNK	VersaBank	Pair Corr
0.57	AX	Axos Financial	Pair Corr
0.52	RF	Regions Financial Normal Trading	Pair Corr
0.43	VBTX	Veritex Holdings	Pair Corr
0.34	PB	Prosperity Bancshares	Pair Corr
0.84	EFSI	Eagle Financial Services	Pair Corr
0.67	WAFDP	Washington Federal	Pair Corr
0.66	WAFD	Washington Federal	Pair Corr
0.56	EGBN	Eagle Bancorp	Pair Corr
0.43	EVBN	Evans Bancorp	Pair Corr
0.37	WMPN	William Penn Bancorp	Pair Corr
0.33	TFINP	Triumph Financial	Pair Corr

Related Correlations Analysis

	BCH	CIB	BLX	BANF	HVBC	HMNF	MGYR	OFED	CULL
BCH		0.94	0.67	-0.45	0.0	0.0	0.1	0.0	0.0	BCH
CIB	0.94		0.71	-0.35	0.0	0.0	0.2	0.0	0.0	CIB
BLX	0.67	0.71		-0.18	0.0	0.0	0.29	0.0	0.0	BLX
BANF	-0.45	-0.35	-0.18		0.0	0.0	0.3	0.0	0.0	BANF
HVBC	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HVBC
HMNF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HMNF
MGYR	0.1	0.2	0.29	0.3	0.0	0.0		0.0	0.0	MGYR
OFED	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	OFED
CULL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CULL
	BCH	CIB	BLX	BANF	HVBC	HMNF	MGYR	OFED	CULL

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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

CIB	+ 0.94	BCH
BLX	+ 0.71	CIB
BLX	+ 0.67	BCH
MGYR	+ 0.3	BANF
MGYR	+ 0.29	BLX
MGYR	+ 0.2	CIB

High negative correlations

BANF	- 0.45	BCH
BANF	- 0.35	CIB
BANF	- 0.18	BLX
CULL	- 0.0	OFED
CULL	- 0.0	MGYR
OFED	- 0.0	MGYR

Risk-Adjusted Indicators

There is a big difference between Intercorp Stock performing well and Intercorp Financial 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 Intercorp Financial'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
BCH	1.02	0.32	0.25	4.30	0.90	(1.11)	2.34	(1.74)	4.98
CIB	1.38	0.50	0.34	0.71	1.09	(1.66)	4.11	(2.11)	8.34
BLX	1.31	0.11	0.06	0.09	1.60	(1.39)	3.17	(2.23)	15.38
BANF	1.23	(0.15)	0.00	(0.12)	0.00	0.00	2.24	(2.94)	7.37
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGYR	1.08	0.00	0.00	(0.02)	1.37	(1.38)	2.98	(2.62)	6.74
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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