Bankinter Correlations

BKT Stock

EUR 13.57 0.15 1.12%

The current 90-days correlation between Bankinter and Mapfre is 0.37 (i.e., Weak 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.

Bankinter Correlation With Market

Poor diversification

The correlation between Bankinter and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bankinter 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 to buy it.

Moving together with Bankinter Stock

0.65	NTH	Naturhouse Health	Pair Corr
0.82	DIA	Distribuidora Internacional	Pair Corr
0.73	SAB	Banco de Sabadell	Pair Corr
0.66	HBX	HBX Group International	Pair Corr
0.63	VIS	Viscofan	Pair Corr
0.66	XVALO	Vale SA Earnings Call This Week	Pair Corr
0.71	YIBI	IBI Lion SOCIMI	Pair Corr
0.67	EBROM	EV MOTORS SA	Pair Corr
0.78	ECR	Ercros Earnings Call This Week	Pair Corr
0.68	CIRSA	Cirsa Enterprises SAU	Pair Corr
0.69	ACS	ACS Actividades de	Pair Corr
0.77	IAG	International Consolidated	Pair Corr
0.88	SAN	Banco Santander SA	Pair Corr
0.63	ADZ	Adolfo Dominguez	Pair Corr
0.62	CAF	Construcciones y Auxiliar	Pair Corr
0.95	CABK	Caixabank SA	Pair Corr
0.76	AGIL	Agile Content SA	Pair Corr
0.71	AEDAS	Aedas Homes SL	Pair Corr

Moving against Bankinter Stock

0.39

TEF

Telefonica

Pair Corr

Related Correlations Analysis

	MAP	UNI	SAB	LDA	R4	ALNT	CABK
MAP		0.26	0.54	-0.47	0.31	-0.19	0.11	MAP
UNI	0.26		0.74	0.47	-0.21	0.64	0.94	UNI
SAB	0.54	0.74		0.09	0.12	0.23	0.69	SAB
LDA	-0.47	0.47	0.09		-0.23	0.67	0.57	LDA
R4	0.31	-0.21	0.12	-0.23		0.01	-0.11	R4
ALNT	-0.19	0.64	0.23	0.67	0.01		0.71	ALNT
CABK	0.11	0.94	0.69	0.57	-0.11	0.71		CABK
	MAP	UNI	SAB	LDA	R4	ALNT	CABK

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

CABK	+ 0.94	UNI
SAB	+ 0.74	UNI
CABK	+ 0.71	ALNT
CABK	+ 0.69	SAB
ALNT	+ 0.67	LDA
ALNT	+ 0.64	UNI

High negative correlations

LDA	- 0.47	MAP
R4	- 0.23	LDA
R4	- 0.21	UNI
ALNT	- 0.19	MAP
CABK	- 0.11	R4

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
MAP	1.09	(0.04)	0.00	(0.40)	0.00	0.00	1.90	(2.30)	11.15
UNI	1.22	0.05	(0.01)	(0.17)	1.59	(1.26)	2.24	(2.21)	8.06
SAB	1.41	(0.09)	0.00	(0.35)	0.00	0.00	2.37	(3.33)	8.69
LDA	0.85	0.00	(0.04)	0.07	1.06	(1.42)	2.61	(1.77)	7.61
R4	0.78	(0.02)	0.00	0.27	0.00	0.00	1.58	(1.56)	11.13
ALNT	0.85	0.11	0.06	0.44	0.75	(1.13)	2.44	(1.55)	5.37
CABK	1.22	0.08	0.01	1.24	1.73	(1.18)	2.24	(2.80)	11.27

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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