National Bank Correlations

NBGRY Stock

USD 8.10 0.10 1.25%

The current 90-days correlation between National Bank and Turkiye Garanti Bankasi is 0.03 (i.e., Significant diversification). The correlation of National Bank 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.

The ability to find closely correlated positions to National Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Bank 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 National Bank - 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 National Bank of to buy it.

Moving together with National Pink Sheet

0.66

CIHKY

China Merchants Bank

Pair Corr

Moving against National Pink Sheet

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0.58	MMSI	Merit Medical Systems	Pair Corr
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0.43	HDB	HDFC Bank Limited	Pair Corr
0.4	USB-PH	US Bancorp Normal Trading	Pair Corr
0.39	KD	Kyndryl Holdings	Pair Corr
0.31	IBN	ICICI Bank Limited	Pair Corr
0.68	PG	Procter Gamble	Pair Corr
0.64	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.62	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.61	AA	Alcoa Corp Downward Rally	Pair Corr
0.61	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.56	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.47	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.47	HD	Home Depot	Pair Corr
0.42	CSCO	Cisco Systems	Pair Corr
0.4	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.39	WMT	Walmart	Pair Corr

Related Correlations Analysis

	BMEXF	TKGZY	UWHR	WBBW	BKNIY	ALBKF	PBCRF	BKRKF	EGFEY
BMEXF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BMEXF
TKGZY	0.0		0.35	-0.34	-0.45	-0.45	-0.19	-0.26	-0.05	TKGZY
UWHR	0.0	0.35		-0.45	-0.42	-0.76	-0.64	-0.65	0.3	UWHR
WBBW	0.0	-0.34	-0.45		0.51	0.67	0.58	0.55	-0.48	WBBW
BKNIY	0.0	-0.45	-0.42	0.51		0.63	0.6	0.6	-0.28	BKNIY
ALBKF	0.0	-0.45	-0.76	0.67	0.63		0.73	0.69	-0.47	ALBKF
PBCRF	0.0	-0.19	-0.64	0.58	0.6	0.73		0.68	-0.41	PBCRF
BKRKF	0.0	-0.26	-0.65	0.55	0.6	0.69	0.68		-0.39	BKRKF
EGFEY	0.0	-0.05	0.3	-0.48	-0.28	-0.47	-0.41	-0.39		EGFEY
	BMEXF	TKGZY	UWHR	WBBW	BKNIY	ALBKF	PBCRF	BKRKF	EGFEY

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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

PBCRF	+ 0.73	ALBKF
BKRKF	+ 0.69	ALBKF
BKRKF	+ 0.68	PBCRF
ALBKF	+ 0.67	WBBW
ALBKF	+ 0.63	BKNIY
PBCRF	+ 0.6	BKNIY

High negative correlations

ALBKF	- 0.76	UWHR
BKRKF	- 0.65	UWHR
PBCRF	- 0.64	UWHR
EGFEY	- 0.48	WBBW
EGFEY	- 0.47	ALBKF
WBBW	- 0.45	UWHR

Risk-Adjusted Indicators

There is a big difference between National Pink Sheet performing well and National Bank 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 National Bank'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
BMEXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TKGZY	0.65	0.32	0.00	1.40	0.00	0.00	0.00	0.00	21.74
UWHR	0.86	0.10	0.03	(0.52)	1.09	(2.69)	3.03	(2.35)	9.19
WBBW	0.23	0.11	0.43	17.26	0.00	(0.44)	1.46	(0.18)	2.16
BKNIY	1.96	(0.10)	0.00	0.54	0.00	0.00	4.44	(5.24)	11.47
ALBKF	0.15	(0.06)	0.00	(1.20)	0.00	0.00	0.00	0.00	2.29
PBCRF	2.55	(0.21)	0.00	(0.17)	0.00	0.00	5.36	(5.88)	15.88
BKRKF	3.74	(0.15)	0.00	1.28	0.00	0.00	13.04	(10.34)	38.46
EGFEY	2.15	(0.07)	0.00	(0.05)	0.00	0.00	5.10	(4.35)	16.21

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Our tools can tell you how much better you can do entering a position in National Bank 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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National Bank Corporate Management

PanagiotisIoannis Dasmanoglou	GM Sec	Profile
Pavlos Mylonas	CEO Director	Profile
Stratos Molyviatis	GM Officer	Profile
Christos Christodoulou	GM CFO	Profile
Nektarios Divaris	Assistant Operations	Profile
Gregory Papagrigoris	Head IR	Profile
Eleftherios Kororos	Assistant Officer	Profile

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