Banco Hipotecario Correlations
| BHIP Stock | ARS 555.00 27.00 4.64% |
The current 90-days correlation between Banco Hipotecario and Banco Macro SA is 0.61 (i.e., Poor diversification). The correlation of Banco Hipotecario 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 Hipotecario Correlation With Market
Very good diversification
The correlation between Banco Hipotecario SA and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banco Hipotecario SA and DJI in the same portfolio, assuming nothing else is changed.
Banco |
The ability to find closely correlated positions to Banco Hipotecario 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 Hipotecario 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 Hipotecario - 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 Hipotecario SA to buy it.
Moving together with Banco Stock
| 0.91 | BMA | Banco Macro SA | PairCorr |
| 0.96 | BPAT | Banco Patagonia | PairCorr |
| 0.96 | SUPV | Grupo Supervielle | PairCorr |
| 0.87 | DISN | Walt Disney | PairCorr |
| 0.94 | WMT | Walmart | PairCorr |
| 0.82 | AXP | American Express | PairCorr |
| 0.91 | TRAN | Compania de Transporte | PairCorr |
| 0.86 | IRSA | IRSA Inversiones y Split | PairCorr |
| 0.98 | PAMP | Pampa Energia SA | PairCorr |
| 0.83 | MIRG | Mirgor SA | PairCorr |
| 0.94 | BBAR | BBVA Banco Frances | PairCorr |
| 0.9 | METR | Metrogas SA | PairCorr |
| 0.85 | TECO2 | Telecom Argentina | PairCorr |
| 0.87 | TGNO4 | Transportadora de Gas | PairCorr |
| 0.9 | LEDE | Ledesma SAAI | PairCorr |
| 0.96 | YPFD | YPF SA D | PairCorr |
| 0.97 | VALO | Banco de Valores | PairCorr |
| 0.97 | BYMA | Bolsas y Mercados | PairCorr |
| 0.91 | LOMA | Loma Negra Compania | PairCorr |
| 0.74 | AGRO | Agrometal SAI | PairCorr |
| 0.94 | TGSU2 | Transportadora de Gas | PairCorr |
| 0.78 | EDN | Empresa Distribuidora | PairCorr |
| 0.93 | CRES | Cresud SA | PairCorr |
| 0.93 | CEPU | Central Puerto SA | PairCorr |
Moving against Banco Stock
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Banco Stock performing well and Banco Hipotecario 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 Hipotecario'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BMA | 2.77 | 0.59 | 0.18 | (1.12) | 2.60 | 7.58 | 24.15 | |||
| BRIO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BPAT | 2.96 | 0.48 | 0.13 | (3.24) | 3.07 | 8.12 | 18.09 | |||
| SUPV | 2.82 | 1.28 | 0.41 | (1.48) | 2.34 | 7.13 | 25.29 | |||
| BHIP | 2.66 | 0.57 | 0.17 | (0.59) | 2.64 | 7.06 | 13.98 |
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Our tools can tell you how much better you can do entering a position in Banco Hipotecario 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.Did you try this?
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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
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Banco Hipotecario Corporate Management
Elected by the shareholders, the Banco Hipotecario's board of directors comprises two types of representatives: Banco Hipotecario inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Banco. The board's role is to monitor Banco Hipotecario's management team and ensure that shareholders' interests are well served. Banco Hipotecario'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, Banco Hipotecario's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Milagros Faes | Capital Analyst | Profile | |
| Lorena Morchon | G Mang | Profile | |
| Eliezer Baschkier | Supervisor ALM | Profile | |
| Manuel Grazioli | G Mang | Profile | |
| Martin Diez | Chief Officer | Profile | |
| Pedro Ballester | Operations Mang | Profile |