State Bank Correlations

Stocks . Germany . 
Stock . State Bank of
SID Stock  EUR 77.50  2.00  2.65%   
The current 90-days correlation between State Bank and Zijin Mining Group is 0.16 (i.e., Average diversification). The correlation of State 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.

State Bank Correlation With Market

Significant diversification

The correlation between State Bank of and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Bank of and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to State 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 State 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 State 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 State Bank of to buy it.

Moving together with State Stock

  0.72ICBA ICICI Bank LimitedPairCorr
  0.83BZG2 PT Bank CentralPairCorr
  0.62BYRA PT Bank RakyatPairCorr

Moving against State Stock

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  0.65MZ8A Mizuho FinancialPairCorr
  0.62MZ8 Mizuho FinancialPairCorr
  0.55VOW Volkswagen AGPairCorr
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  0.53GSR Gossan ResourcesPairCorr
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  0.51VOWA VOLKSWAGEN ADR 110ONPairCorr
  0.48DEVL DBS Group HoldingsPairCorr
  0.37S9L FERRAGAMOPairCorr
  0.345JP Japan Post BankPairCorr
  0.89AG1 AUTO1 Group SEPairCorr
  0.87STD STANDARD CHARTEREDPairCorr
  0.84MM0 MONETA MONEY BANKPairCorr
  0.82APM AD PEPPER MEDIAPairCorr
  0.81RHM Rheinmetall AGPairCorr
  0.79KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr
  0.77ZEG ASTRAZENECAPairCorr
  0.64AV6 AvistaPairCorr
  0.6LL6 MTN GROUPPairCorr
  0.6DBPE Xtrackers LevDAXPairCorr
  0.58VVDH Veolia EnvironnementPairCorr
  0.53E908 Lyxor 1PairCorr
  0.43INL IntelPairCorr
  0.39T77 LendingTreePairCorr

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   
D7Q1
+ 0.65
FJZ
D7Q1
+ 0.63
751
YZC
+ 0.61
RSM0
FJZ
+ 0.54
751
751
+ 0.36
37H
FJZ
+ 0.24
37H
  
High negative correlations   
D7Q1
- 0.66
YZC
751
- 0.54
RSM0
751
- 0.5
YZC
D7Q1
- 0.5
RSM0
ALG
- 0.4
RSM0
FJZ
- 0.39
YZC

Risk-Adjusted Indicators

There is a big difference between State Stock performing well and State 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 State 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 State 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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State Bank Corporate Management

Elected by the shareholders, the State Bank's board of directors comprises two types of representatives: State Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of State. The board's role is to monitor State Bank's management team and ensure that shareholders' interests are well served. State 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, State Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ashwini TewariCompliance RiskProfile
Alok ChoudharyMD MDProfile
Swaminathan JanakiramanMD DirectorProfile
Charanjit AttraChief OfficerProfile
Sureddi RaoDeputy MumbaiProfile
Prabodh ParikhDeputy COOProfile
Mahindra KumarDeputy GMProfile
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