Natwest Group Correlations

NWG Stock

USD 11.80 0.48 4.24%

The current 90-days correlation between Natwest Group PLC and Banco Santander Brasil is 0.16 (i.e., Average 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

Very weak diversification

The correlation between Natwest Group PLC and DJI is 0.41 (i.e., Very weak 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.

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

Moving together with Natwest Stock

0.7	TECTP	Tectonic Financial	Pair Corr
0.7	EBTC	Enterprise Bancorp	Pair Corr
0.69	CFG-PH	Citizens Financial Group,	Pair Corr
0.63	EFSC	Enterprise Financial	Pair Corr
0.61	KEY-PL	KeyCorp	Pair Corr
0.83	BANC-PF	Banc of California	Pair Corr
0.85	ESSA	ESSA Bancorp	Pair Corr
0.75	WSBCP	WesBanco	Pair Corr
0.82	OCFCP	OceanFirst Financial Corp	Pair Corr

Moving against Natwest Stock

0.35	KB	KB Financial Group	Pair Corr
0.45	WAFD	Washington Federal	Pair Corr
0.34	WAFDP	Washington Federal	Pair Corr
0.31	WABC	Westamerica Bancorporation	Pair Corr

Related Correlations Analysis

	BSBR	CFB	BBDO	CFBK	AVAL	BSAC	BAP	BLX	AFBI	BAFN
BSBR		0.51	0.95	-0.02	0.88	0.9	0.39	0.25	-0.19	0.85	BSBR
CFB	0.51		0.38	0.62	0.37	0.47	0.72	-0.47	0.61	0.36	CFB
BBDO	0.95	0.38		-0.12	0.86	0.84	0.3	0.38	-0.33	0.82	BBDO
CFBK	-0.02	0.62	-0.12		-0.26	-0.08	0.35	-0.38	0.54	-0.29	CFBK
AVAL	0.88	0.37	0.86	-0.26		0.91	0.24	0.19	-0.19	0.95	AVAL
BSAC	0.9	0.47	0.84	-0.08	0.91		0.29	0.21	-0.12	0.92	BSAC
BAP	0.39	0.72	0.3	0.35	0.24	0.29		-0.49	0.38	0.22	BAP
BLX	0.25	-0.47	0.38	-0.38	0.19	0.21	-0.49		-0.76	0.15	BLX
AFBI	-0.19	0.61	-0.33	0.54	-0.19	-0.12	0.38	-0.76		-0.13	AFBI
BAFN	0.85	0.36	0.82	-0.29	0.95	0.92	0.22	0.15	-0.13		BAFN
	BSBR	CFB	BBDO	CFBK	AVAL	BSAC	BAP	BLX	AFBI	BAFN

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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

BBDO	+ 0.95	BSBR
BAFN	+ 0.95	AVAL
BAFN	+ 0.92	BSAC
BSAC	+ 0.91	AVAL
BSAC	+ 0.9	BSBR
AVAL	+ 0.88	BSBR

High negative correlations

AFBI	- 0.76	BLX
BLX	- 0.49	BAP
BLX	- 0.47	CFB
BLX	- 0.38	CFBK
AFBI	- 0.33	BBDO
BAFN	- 0.29	CFBK

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
BSBR	1.82	0.12	0.04	0.25	2.45	(1.92)	4.42	(4.48)	9.29
CFB	1.41	(0.10)	0.00	(0.08)	0.00	0.00	2.78	(2.78)	8.40
BBDO	1.99	0.04	0.02	0.09	2.65	(2.08)	3.16	(4.98)	10.67
CFBK	1.77	(0.26)	0.00	(0.52)	0.00	0.00	3.79	(4.12)	13.54
AVAL	1.85	0.77	0.34	(15.91)	1.56	(2.27)	5.86	(3.07)	14.76
BSAC	1.07	0.25	0.17	0.49	1.15	(1.10)	2.52	(2.11)	5.56
BAP	1.10	(0.10)	0.00	(0.19)	0.00	0.00	2.89	(2.66)	7.54
BLX	0.96	0.20	0.14	0.45	1.23	(1.01)	2.42	(1.80)	6.98
AFBI	0.99	(0.18)	0.00	(0.86)	0.00	0.00	1.77	(1.63)	22.47
BAFN	1.84	0.64	0.36	0.69	1.24	(2.34)	4.60	(2.80)	18.72

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