Banco Santander Correlations

SAN Stock

USD 4.62 0.01 0.22%

The current 90-days correlation between Banco Santander SA and Barclays PLC ADR is 0.48 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Banco Santander moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Banco Santander SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Banco Santander Correlation With Market

Significant diversification

The correlation between Banco Santander SA and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banco Santander SA and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Banco Santander SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Banco Stock

0.87

BBVA

Banco Bilbao Viscaya

Pair Corr

Moving against Banco Stock

0.4	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.38	BAC	Bank of America Aggressive Push	Pair Corr
0.35	WFC	Wells Fargo Aggressive Push	Pair Corr
0.54	L	Loews Corp	Pair Corr
0.5	SMFG	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.47	V	Visa Class A	Pair Corr
0.43	DIST	Distoken Acquisition	Pair Corr
0.4	MUFG	Mitsubishi UFJ Financial	Pair Corr

Related Correlations Analysis

	BCS	ING	HSBC	NWG	UBS	BBVA	BBVXF	MUFG	BCLYF	SVNLY
BCS		-0.83	0.76	0.95	0.79	-0.37	0.19	0.84	0.91	0.01	BCS
ING	-0.83		-0.66	-0.82	-0.59	0.72	-0.05	-0.86	-0.8	0.18	ING
HSBC	0.76	-0.66		0.85	0.57	-0.12	0.03	0.68	0.63	0.2	HSBC
NWG	0.95	-0.82	0.85		0.74	-0.3	0.21	0.84	0.86	0.09	NWG
UBS	0.79	-0.59	0.57	0.74		-0.12	0.47	0.52	0.67	-0.19	UBS
BBVA	-0.37	0.72	-0.12	-0.3	-0.12		0.15	-0.51	-0.44	0.21	BBVA
BBVXF	0.19	-0.05	0.03	0.21	0.47	0.15		-0.05	0.14	-0.15	BBVXF
MUFG	0.84	-0.86	0.68	0.84	0.52	-0.51	-0.05		0.78	-0.13	MUFG
BCLYF	0.91	-0.8	0.63	0.86	0.67	-0.44	0.14	0.78		0.01	BCLYF
SVNLY	0.01	0.18	0.2	0.09	-0.19	0.21	-0.15	-0.13	0.01		SVNLY
	BCS	ING	HSBC	NWG	UBS	BBVA	BBVXF	MUFG	BCLYF	SVNLY

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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

NWG	+ 0.95	BCS
BCLYF	+ 0.91	BCS
BCLYF	+ 0.86	NWG
NWG	+ 0.85	HSBC
MUFG	+ 0.84	BCS
MUFG	+ 0.84	NWG

High negative correlations

MUFG	- 0.86	ING
ING	- 0.83	BCS
NWG	- 0.82	ING
BCLYF	- 0.8	ING
HSBC	- 0.66	ING
UBS	- 0.59	ING

Risk-Adjusted Indicators

There is a big difference between Banco Stock performing well and Banco Santander 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 Banco Santander'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
BCS	1.62	0.01	0.04	0.13	1.94	(1.65)	3.35	(3.13)	10.17
ING	1.04	(0.22)	0.00	4.48	0.00	0.00	1.44	(2.37)	7.23
HSBC	0.96	0.06	(0.01)	0.25	1.38	(0.93)	2.03	(2.34)	6.87
NWG	1.42	0.09	0.05	0.23	1.57	(1.59)	2.97	(2.54)	8.05
UBS	1.17	(0.10)	(0.04)	0.05	1.59	(1.17)	2.32	(2.65)	7.85
BBVA	1.59	(0.10)	0.00	2.67	0.00	0.00	2.94	(3.21)	11.46
BBVXF	0.85	(0.06)	0.00	0.37	0.00	0.00	0.89	0.00	27.92
MUFG	1.34	0.06	0.05	0.18	1.61	(1.35)	3.19	(2.73)	9.15
BCLYF	2.21	0.14	0.02	0.44	2.46	(2.82)	5.14	(4.91)	11.41
SVNLY	0.99	0.05	(0.08)	(0.07)	1.24	(1.01)	1.61	(2.10)	10.17

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