Raiffeisen Bank Correlations

RAIFY Stock

USD 5.10 0.05 0.97%

The current 90-days correlation between Raiffeisen Bank Inte and Intercorp Financial Services is 0.14 (i.e., Average diversification). The correlation of Raiffeisen 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.

Raiffeisen Bank Correlation With Market

Significant diversification

The correlation between Raiffeisen Bank International and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Raiffeisen Bank International and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Raiffeisen 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 Raiffeisen 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 Raiffeisen 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 Raiffeisen Bank International to buy it.

Moving against Raiffeisen Pink Sheet

0.6	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.41	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.38	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	IFS	BCH	CIB	BLX	BANF	GGAL	SUPV	BBAR	ITUB
IFS		-0.69	0.68	0.81	0.75	0.83	0.78	0.8	-0.85	IFS
BCH	-0.69		-0.4	-0.63	-0.77	-0.78	-0.73	-0.85	0.72	BCH
CIB	0.68	-0.4		0.62	0.66	0.66	0.61	0.59	-0.64	CIB
BLX	0.81	-0.63	0.62		0.88	0.83	0.83	0.82	-0.85	BLX
BANF	0.75	-0.77	0.66	0.88		0.86	0.87	0.91	-0.82	BANF
GGAL	0.83	-0.78	0.66	0.83	0.86		0.93	0.92	-0.89	GGAL
SUPV	0.78	-0.73	0.61	0.83	0.87	0.93		0.94	-0.9	SUPV
BBAR	0.8	-0.85	0.59	0.82	0.91	0.92	0.94		-0.86	BBAR
ITUB	-0.85	0.72	-0.64	-0.85	-0.82	-0.89	-0.9	-0.86		ITUB
	IFS	BCH	CIB	BLX	BANF	GGAL	SUPV	BBAR	ITUB

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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

BBAR	+ 0.94	SUPV
SUPV	+ 0.93	GGAL
BBAR	+ 0.92	GGAL
BBAR	+ 0.91	BANF
BANF	+ 0.88	BLX
SUPV	+ 0.87	BANF

High negative correlations

ITUB	- 0.9	SUPV
ITUB	- 0.89	GGAL
ITUB	- 0.86	BBAR
ITUB	- 0.85	BLX
BBAR	- 0.85	BCH
ITUB	- 0.85	IFS

Risk-Adjusted Indicators

There is a big difference between Raiffeisen Pink Sheet performing well and Raiffeisen 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 Raiffeisen 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
IFS	1.06	0.26	0.21	5.80	0.79	(1.21)	3.04	(1.65)	5.56
BCH	0.90	(0.13)	0.00	(0.33)	0.00	0.00	1.96	(2.35)	6.77
CIB	1.15	0.08	0.04	(5.08)	1.48	(1.21)	2.87	(2.12)	8.05
BLX	1.02	0.23	0.19	(8.65)	0.87	(1.19)	3.02	(1.59)	8.08
BANF	1.61	0.27	0.14	1.27	1.54	(1.87)	3.22	(2.90)	20.44
GGAL	2.08	0.70	0.35	(2.80)	1.40	(2.50)	6.08	(3.00)	9.95
SUPV	2.67	0.91	0.30	1.43	2.43	(3.18)	7.15	(4.23)	15.94
BBAR	2.84	0.70	0.20	0.73	3.06	(3.21)	8.73	(5.39)	15.84
ITUB	1.32	(0.37)	0.00	(2.46)	0.00	0.00	2.39	(3.15)	10.08

Be your own money manager

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

Sabine Abfalter	Chief Officer	Profile
Helmut Breit	Head Fin	Profile
Andrii Stepanenko	Member of the Management Board	Profile
Lukasz Januszewski	Member of the Management Board	Profile
Susanne Langer	Head of Group Investor Relations Spokesperson	Profile
Harald Schnauer	Head Banking	Profile

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