KB Financial Correlations

KB Stock

USD 70.79 1.61 2.33%

The current 90-days correlation between KB Financial Group and Shinhan Financial Group is 0.74 (i.e., Poor diversification). The correlation of KB 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.

KB Financial Correlation With Market

Weak diversification

The correlation between KB Financial Group and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KB Financial Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KB Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with KB Financial Stock

0.68	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.68	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.67	ECBK	ECB Bancorp	Pair Corr
0.61	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.61	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.69	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr

Moving against KB Financial Stock

0.51	TFC-PO	Truist Financial	Pair Corr
0.46	CFG-PE	Citizens Financial	Pair Corr
0.44	TFC-PR	Truist Financial	Pair Corr

Related Correlations Analysis

	SHG	WF	KEP	IX	SKM
SHG		0.79	-0.23	0.73	0.63	SHG
WF	0.79		-0.11	0.42	0.42	WF
KEP	-0.23	-0.11		0.0	0.01	KEP
IX	0.73	0.42	0.0		0.7	IX
SKM	0.63	0.42	0.01	0.7		SKM
	SHG	WF	KEP	IX	SKM

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

WF	+ 0.79	SHG
IX	+ 0.73	SHG
SKM	+ 0.7	IX
SKM	+ 0.63	SHG
IX	+ 0.42	WF
SKM	+ 0.42	WF

High negative correlations

KEP	- 0.23	SHG
KEP	- 0.11	WF
IX	- 0.0	KEP

Risk-Adjusted Indicators

There is a big difference between KB Financial Stock performing well and KB 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 KB 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
SHG	1.61	(0.33)	0.00	(0.21)	0.00	0.00	3.28	(3.84)	13.76
WF	1.32	(0.15)	0.00	(0.18)	0.00	0.00	2.47	(2.49)	12.54
KEP	1.61	0.09	(0.01)	1.34	2.12	(1.76)	4.16	(3.00)	11.41
IX	1.09	(0.27)	0.00	(0.30)	0.00	0.00	2.10	(2.89)	7.11
SKM	0.86	(0.02)	0.00	(0.91)	0.00	0.00	2.04	(1.71)	5.40

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