Banco Del Correlations
| BBAJF Stock | USD 2.00 0.00 0.00% |
The current 90-days correlation between Banco del Bajo and Aozora Bank is 0.04 (i.e., Significant diversification). The correlation of Banco Del 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.
Banco Del Correlation With Market
Very good diversification
The correlation between Banco del Bajo and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banco del Bajo and DJI in the same portfolio, assuming nothing else is changed.
Banco |
The ability to find closely correlated positions to Banco Del could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Banco Del 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 Banco Del - 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 Banco del Bajo to buy it.
Moving together with Banco Pink Sheet
| 0.73 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.81 | BBAS3 | Banco do Brasil | PairCorr |
| 0.73 | BNPQY | BNP Paribas SA | PairCorr |
| 0.66 | BNPQF | BNP Paribas SA | PairCorr |
Moving against Banco Pink Sheet
| 0.8 | USB-PH | US Bancorp | PairCorr |
| 0.4 | CIHHF | China Merchants Bank | PairCorr |
| 0.31 | CIHKY | China Merchants Bank | PairCorr |
| 0.91 | ALAB | Astera Labs, Common | PairCorr |
| 0.9 | CRWD | Crowdstrike Holdings | PairCorr |
| 0.9 | ADSK | Autodesk | PairCorr |
| 0.89 | MRVL | Marvell Technology Earnings Call Tomorrow | PairCorr |
| 0.88 | ZM | Zoom Video Communications | PairCorr |
| 0.88 | GM | General Motors | PairCorr |
| 0.84 | NVDA | NVIDIA | PairCorr |
| 0.83 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.81 | DECK | Deckers Outdoor | PairCorr |
| 0.68 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.48 | APLD | Applied Blockchain | PairCorr |
| 0.48 | BRK-B | Berkshire Hathaway | PairCorr |
Related Correlations Analysis
| -0.49 | -0.13 | 0.35 | -0.09 | AOZOF | ||
| -0.49 | -0.05 | -0.43 | -0.26 | AIBRF | ||
| -0.13 | -0.05 | -0.37 | 0.39 | ANDC | ||
| 0.35 | -0.43 | -0.37 | 0.36 | AOZOY | ||
| -0.09 | -0.26 | 0.39 | 0.36 | AGRPF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Banco Pink Sheet performing well and Banco Del 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 Del'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AOZOF | 1.32 | (0.62) | 0.00 | 1.30 | 0.00 | 0.00 | 42.84 | |||
| AIBRF | 1.04 | 0.09 | (0.03) | (0.11) | 1.38 | 3.75 | 11.01 | |||
| ANDC | 0.85 | 0.09 | 0.00 | 0.94 | 0.00 | 1.27 | 37.41 | |||
| AOZOY | 0.30 | 0.02 | 0.00 | (0.61) | 0.00 | 0.00 | 9.92 | |||
| AGRPF | 0.15 | 0.06 | 0.00 | 1.18 | 0.00 | 0.00 | 5.05 |
Banco Del Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Banco Del pink sheet to make a market-neutral strategy. Peer analysis of Banco Del could also be used in its relative valuation, which is a method of valuing Banco Del by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Banco Del Corporate Management
| Jorge Rivera | Human Director | Profile | |
| Blanca Placencia | Co Sec | Profile | |
| Edgardo Gutierrez | Chief Officer | Profile | |
| Joaquin Cuenca | Exec Treasury | Profile | |
| Luis Hernandez | Deputy Relations | Profile | |
| Engineer Serrano | Ex Chairman | Profile | |
| Angel Fuente | Risk Mang | Profile |