NatWest Group Correlations

N1WG34 Stock

BRL 62.19 0.69 1.12%

The current 90-days correlation between NatWest Group plc and Darden Restaurants, is -0.22 (i.e., Very good diversification). The correlation of NatWest 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.

NatWest Group Correlation With Market

Good diversification

The correlation between NatWest Group plc and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NatWest Group plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to NatWest 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 NatWest 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 NatWest 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 NatWest Group plc to buy it.

Moving together with NatWest Stock

0.67	B1CS34	Barclays PLC	Pair Corr
0.96	M1UF34	Mitsubishi UFJ Financial	Pair Corr
0.95	S1MF34	Sumitomo Mitsui Financial	Pair Corr
0.82	TSMC34	Taiwan Semiconductor	Pair Corr
0.94	H1DB34	HDFC Bank Limited	Pair Corr

Moving against NatWest Stock

0.65

HOND34

Honda Motor

Pair Corr

Related Correlations Analysis

	D1RI34	S1MF34	M1NS34	D1FS34	FMSC34	T1AL34	MRFG3	AVGO34
D1RI34		0.41	0.22	0.24	-0.2	-0.1	0.43	0.55	D1RI34
S1MF34	0.41		0.47	0.67	-0.54	-0.1	0.95	0.2	S1MF34
M1NS34	0.22	0.47		0.39	-0.66	-0.17	0.54	0.33	M1NS34
D1FS34	0.24	0.67	0.39		-0.42	0.1	0.74	-0.14	D1FS34
FMSC34	-0.2	-0.54	-0.66	-0.42		0.08	-0.6	-0.29	FMSC34
T1AL34	-0.1	-0.1	-0.17	0.1	0.08		-0.1	-0.13	T1AL34
MRFG3	0.43	0.95	0.54	0.74	-0.6	-0.1		0.21	MRFG3
AVGO34	0.55	0.2	0.33	-0.14	-0.29	-0.13	0.21		AVGO34
	D1RI34	S1MF34	M1NS34	D1FS34	FMSC34	T1AL34	MRFG3	AVGO34

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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

MRFG3	+ 0.95	S1MF34
MRFG3	+ 0.74	D1FS34
D1FS34	+ 0.67	S1MF34
AVGO34	+ 0.55	D1RI34
MRFG3	+ 0.54	M1NS34
M1NS34	+ 0.47	S1MF34

High negative correlations

FMSC34	- 0.66	M1NS34
MRFG3	- 0.6	FMSC34
FMSC34	- 0.54	S1MF34
FMSC34	- 0.42	D1FS34
AVGO34	- 0.29	FMSC34
FMSC34	- 0.2	D1RI34

Risk-Adjusted Indicators

There is a big difference between NatWest Stock performing well and NatWest 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 NatWest 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
D1RI34	0.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.98
S1MF34	1.31	0.41	0.19	5.58	1.07	(2.22)	3.54	(2.98)	12.86
M1NS34	1.33	0.34	0.19	(1.70)	1.36	(1.76)	3.01	(2.00)	9.23
D1FS34	0.53	0.26	0.00	0.99	0.00	0.00	0.00	0.00	17.84
FMSC34	0.11	(0.06)	0.00	0.17	0.00	0.00	0.00	0.00	3.33
T1AL34	2.57	(0.03)	0.00	(0.02)	0.00	0.00	5.23	(5.83)	17.37
MRFG3	2.00	0.55	0.19	116.61	2.31	(2.28)	4.74	(3.37)	16.58
AVGO34	2.76	0.80	0.30	(0.30)	1.97	(3.39)	6.61	(4.43)	31.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in NatWest Group 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.

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