Credicorp Correlations

BAP Stock

USD 355.48 0.34 0.1%

The current 90-days correlation between Credicorp and Banco Santander Chile is 0.55 (i.e., Very weak diversification). The correlation of Credicorp 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.

Credicorp Correlation With Market

Very poor diversification

The correlation between Credicorp and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credicorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Credicorp Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credicorp. 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.

To learn how to invest in Credicorp Stock, please use our How to Invest in Credicorp guide.

Moving together with Credicorp Stock

0.82	CM	Canadian Imperial Bank	Pair Corr
0.74	KB	KB Financial Group	Pair Corr
0.72	RY	Royal Bank	Pair Corr
0.82	TD	Toronto Dominion Bank	Pair Corr
0.7	WF	Woori Financial Group	Pair Corr
0.83	WSBK	Winchester Bancorp Common	Pair Corr
0.86	XMFA	Sumitomo Mitsui Financial	Pair Corr
0.74	STD	Standard Chartered PLC	Pair Corr
0.82	FDSB	Fifth District Bancorp	Pair Corr
0.89	FITB	Fifth Third Bancorp	Pair Corr
0.81	WBC	Westpac Banking	Pair Corr
0.85	BBD	Banco Bradesco SA	Pair Corr
0.85	BBT	Beacon Financial Symbol Change	Pair Corr
0.95	BCH	Banco De Chile	Pair Corr
0.83	BCS	Barclays PLC ADR	Pair Corr
0.9	BNS	Bank of Nova Scotia	Pair Corr
0.7	BMA	Banco Macro SA	Pair Corr
0.92	BMO	Bank of Montreal	Pair Corr
0.88	BNS	Bank of Nova Scotia	Pair Corr
0.71	CBC	Central Bancompany Class	Pair Corr
0.83	CBK	Commercial Bancgroup	Pair Corr
0.94	CIB	Grupo Cibest SA	Pair Corr
0.89	CMA	Comerica Incorporated	Pair Corr
0.79	STD0	STANDARD CHARTUNSPADR2	Pair Corr
0.9	CABP	CAB Payments Holdings Earnings Call This Week	Pair Corr
0.92	ING	ING Group NV Sell-off Trend	Pair Corr
0.95	LYG	Lloyds Banking Group	Pair Corr
0.9	MFG	Mizuho Financial	Pair Corr
0.81	NTB	Bank of NT	Pair Corr
0.92	SAN	Banco Santander SA	Pair Corr

Moving against Credicorp Stock

0.82	HDB	HDFC Bank Limited	Pair Corr
0.77	EK7A	AGRICULTBK HADR25	Pair Corr

Related Correlations Analysis

	HFWA	HFBL	MGYR	NKSH	BSAC	CIB	BBDO	BSBR	AVAL	BCH
HFWA		0.77	0.73	0.89	0.81	0.72	0.78	0.66	0.56	0.77	HFWA
HFBL	0.77		0.84	0.84	0.84	0.79	0.73	0.7	0.6	0.79	HFBL
MGYR	0.73	0.84		0.83	0.85	0.79	0.75	0.7	0.53	0.79	MGYR
NKSH	0.89	0.84	0.83		0.89	0.8	0.73	0.65	0.62	0.85	NKSH
BSAC	0.81	0.84	0.85	0.89		0.95	0.9	0.88	0.82	0.98	BSAC
CIB	0.72	0.79	0.79	0.8	0.95		0.85	0.86	0.89	0.94	CIB
BBDO	0.78	0.73	0.75	0.73	0.9	0.85		0.93	0.74	0.89	BBDO
BSBR	0.66	0.7	0.7	0.65	0.88	0.86	0.93		0.82	0.89	BSBR
AVAL	0.56	0.6	0.53	0.62	0.82	0.89	0.74	0.82		0.85	AVAL
BCH	0.77	0.79	0.79	0.85	0.98	0.94	0.89	0.89	0.85		BCH
	HFWA	HFBL	MGYR	NKSH	BSAC	CIB	BBDO	BSBR	AVAL	BCH

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Risk-Adjusted Indicators

There is a big difference between Credicorp Stock performing well and Credicorp 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 Credicorp'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
HFWA	1.49	0.19	0.12	0.26	1.44	(1.73)	4.71	(2.14)	12.71
HFBL	2.55	0.46	0.10	1.21	3.42	(2.74)	6.91	(3.81)	21.75
MGYR	1.01	0.12	(0.02)	(0.31)	1.25	(1.10)	2.15	(2.10)	6.33
NKSH	1.18	0.38	0.36	0.57	0.48	(1.51)	4.17	(1.55)	7.79
BSAC	1.32	0.19	0.08	0.35	1.76	(1.31)	2.85	(3.27)	8.40
CIB	1.58	0.14	0.03	0.47	2.34	(1.60)	3.41	(3.41)	11.14
BBDO	1.70	0.17	0.04	0.51	2.17	(1.88)	4.43	(4.08)	10.26
BSBR	1.91	0.09	0.03	0.22	2.31	(2.00)	4.57	(3.85)	10.41
AVAL	1.63	0.07	0.01	0.23	2.19	(1.72)	4.40	(4.05)	13.37
BCH	1.39	0.16	0.07	0.32	1.85	(1.43)	2.72	(3.49)	8.66

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