Royal Bank Correlations

Stocks . Germany . 
Stock . Royal Bank of
RYC Stock  EUR 105.04  1.38  1.33%   
The current 90-days correlation between Royal Bank and MAGNUM MINING EXP is -0.08 (i.e., Good diversification). The correlation of Royal 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.

Royal Bank Correlation With Market

Good diversification

The correlation between Royal Bank of and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Royal Bank of and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Royal 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 Royal 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 Royal 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 Royal Bank of to buy it.

Moving together with Royal Stock

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Moving against Royal Stock

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Related Correlations Analysis

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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   
ZYR1
+ 0.75
M8Z
5PMA
+ 0.44
I43
ZYR1
+ 0.4
GIFN
GIFN
+ 0.31
M8Z
EA1
+ 0.27
M8Z
EA1
+ 0.25
ZYR1
  
High negative correlations   
I43
- 0.72
M8Z
I43
- 0.59
ZYR1
5PMA
- 0.56
M8Z
5PMA
- 0.51
EA1
5PMA
- 0.49
ZYR1
BME
- 0.28
I43

Risk-Adjusted Indicators

There is a big difference between Royal Stock performing well and Royal 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 Royal 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.

Be your own money manager

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

Elected by the shareholders, the Royal Bank's board of directors comprises two types of representatives: Royal Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Royal. The board's role is to monitor Royal Bank's management team and ensure that shareholders' interests are well served. Royal Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Royal Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Nadine AhnChief OfficerProfile
Derek CFAGroup MarketsProfile
Douglas GuzmanInsurance, ManagementProfile
Gay MitchellDeputy ManagementProfile
Bruce RossGroup OperationsProfile
Christoph KnoessChief OfficerProfile
Asim ImranVP RelationsProfile
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