Bankinter Correlations

BAKA Stock

EUR 14.43 0.46 3.29%

The current 90-days correlation between Bankinter SA and Autohome ADR is 0.21 (i.e., Modest diversification). The correlation of Bankinter 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.

Bankinter Correlation With Market

Poor diversification

The correlation between Bankinter SA and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bankinter SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Bankinter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bankinter 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 Bankinter - 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 Bankinter SA to buy it.

Moving together with Bankinter Stock

0.62	INL	Intel	Pair Corr
0.75	SV5	VISHAY PREC GRP	Pair Corr
0.68	30Z0	IPERIONX LTD SPADR10	Pair Corr
0.81	KGHA	KGHM Polska Miedz	Pair Corr
0.65	DL8	Deluxe	Pair Corr

Moving against Bankinter Stock

0.72	BNB	BAYAN RESOURCES Earnings Call This Week	Pair Corr
0.64	BNB	BAYAN RESOURCES Earnings Call This Week	Pair Corr
0.56	ABL	Abbott Laboratories	Pair Corr
0.31	QCI	QUALCOMM	Pair Corr
0.55	777	EUROSPORTS GLOBAL LTD	Pair Corr
0.42	3IB	INDO TAMBANGRAYA	Pair Corr

Related Correlations Analysis

	8AHB	63T	5ZM	BE4A	SPT6	2LH	CPW	PSAN
8AHB		0.07	-0.58	-0.51	-0.52	0.21	0.61	-0.4	8AHB
63T	0.07		0.16	-0.29	0.39	-0.48	0.43	-0.1	63T
5ZM	-0.58	0.16		0.34	0.48	-0.27	-0.38	0.32	5ZM
BE4A	-0.51	-0.29	0.34		0.36	0.0	-0.68	0.27	BE4A
SPT6	-0.52	0.39	0.48	0.36		-0.71	-0.49	0.14	SPT6
2LH	0.21	-0.48	-0.27	0.0	-0.71		0.22	-0.17	2LH
CPW	0.61	0.43	-0.38	-0.68	-0.49	0.22		-0.27	CPW
PSAN	-0.4	-0.1	0.32	0.27	0.14	-0.17	-0.27		PSAN
	8AHB	63T	5ZM	BE4A	SPT6	2LH	CPW	PSAN

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

CPW	+ 0.61	8AHB
SPT6	+ 0.48	5ZM
CPW	+ 0.43	63T
SPT6	+ 0.39	63T
SPT6	+ 0.36	BE4A
BE4A	+ 0.34	5ZM

High negative correlations

2LH	- 0.71	SPT6
CPW	- 0.68	BE4A
5ZM	- 0.58	8AHB
SPT6	- 0.52	8AHB
BE4A	- 0.51	8AHB
CPW	- 0.49	SPT6

Risk-Adjusted Indicators

There is a big difference between Bankinter Stock performing well and Bankinter 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 Bankinter'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
8AHB	1.42	(0.18)	0.00	0.97	0.00	0.00	3.21	(3.68)	8.77
63T	1.82	(0.41)	0.00	(0.41)	0.00	0.00	4.08	(5.63)	16.56
5ZM	1.89	0.01	(0.02)	0.14	2.41	(1.98)	3.88	(4.52)	15.42
BE4A	2.23	0.27	0.09	0.34	2.42	(3.17)	6.04	(3.43)	14.40
SPT6	2.12	0.50	0.09	0.69	2.23	(4.46)	8.00	(4.50)	24.50
2LH	2.24	(0.33)	0.00	(0.39)	0.00	0.00	4.62	(5.34)	15.43
CPW	1.77	(0.39)	0.00	(0.80)	0.00	0.00	2.44	(4.23)	11.87
PSAN	0.29	0.00	(0.10)	0.05	0.36	(0.49)	0.67	(0.87)	3.54

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bankinter 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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