Bank of Ireland Group PLC Correlations
| BKRIF Stock | USD 10.15 0.21 2.11% |
The current 90-days correlation between Bank of Ireland Group PLC and Comerica is -0.1 (i.e., Good diversification). The correlation of Bank of Ireland Group PLC 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.
Bank of Ireland Group PLC Correlation With Market
Average diversification
The correlation between Bank of Ireland and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of Ireland and DJI in the same portfolio, assuming nothing else is changed.
Bank |
The ability to find closely correlated positions to Bank of Ireland Group PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Ireland Group PLC 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 Bank of Ireland Group PLC - 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 Bank of Ireland to buy it.
Moving together with Bank Pink Sheet
| 0.76 | BBAS3 | Banco do Brasil | PairCorr |
| 0.76 | BNPQY | BNP Paribas SA | PairCorr |
| 0.76 | BNPQF | BNP Paribas SA | PairCorr |
| 0.77 | VLKAF | Volkswagen AG | PairCorr |
| 0.78 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.74 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.75 | VWAPY | Volkswagen AG Pref | PairCorr |
Moving against Bank Pink Sheet
| 0.53 | TGNA | Tegna Inc | PairCorr |
| 0.51 | IBN | ICICI Bank Limited | PairCorr |
| 0.46 | HDB | HDFC Bank Limited | PairCorr |
| 0.42 | WMT | Walmart Aggressive Push | PairCorr |
| 0.54 | DIS | Walt Disney | PairCorr |
| 0.37 | T | ATT Inc Aggressive Push | PairCorr |
| 0.36 | EXCH | Exchange Bankshares | PairCorr |
| 0.34 | PG | Procter Gamble | PairCorr |
| 0.33 | DNOW | Now Inc Buyout Trend | PairCorr |
| 0.33 | BAC | Bank of America | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Bank Pink Sheet performing well and Bank of Ireland Group PLC 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 Bank of Ireland Group PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FHB | 1.18 | 0.12 | 0.05 | 0.35 | 1.61 | 2.24 | 17.13 | |||
| CPF | 1.60 | (0.04) | 0.00 | (0.02) | 0.00 | 3.14 | 19.71 | |||
| TBNK | 1.57 | (0.29) | 0.00 | (0.49) | 0.00 | 2.75 | 17.04 | |||
| CMA | 1.51 | (0.03) | (0.03) | (0.01) | 2.00 | 3.18 | 16.68 | |||
| BOH-PA | 0.96 | (0.10) | 0.00 | (0.31) | 0.00 | 1.54 | 4.82 | |||
| LYG | 1.46 | (0.09) | 0.00 | (0.15) | 0.00 | 2.60 | 10.88 | |||
| ZION | 1.64 | 0.22 | 0.11 | 0.62 | 1.58 | 3.33 | 21.53 | |||
| KEY | 1.42 | 0.05 | 0.01 | 0.16 | 1.61 | 2.70 | 20.48 | |||
| ITUB | 1.43 | (0.18) | 0.00 | (0.37) | 0.00 | 2.63 | 10.18 | |||
| FITB | 1.12 | (0.02) | (0.03) | 0.00 | 1.44 | 2.47 | 14.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bank of Ireland Group PLC 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?
Run Sync Your Broker Now
Sync Your BrokerSync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |
| All Next | Launch Module |
Bank of Ireland Group PLC Corporate Management
| Mark Spain | Group Director | Profile | |
| Gabrielle Ryan | Group Counsel | Profile | |
| Myles FCCA | Group Director | Profile | |
| David Deverall | Managing Director | Profile | |
| Damien Garvey | Head Affairs | Profile | |
| Eamonn Hughes | Chief Officer | Profile | |
| Henry Dummer | Chief Officer | Profile |