Bank of Commerce Correlations

Stocks Philippines . 
Stock . Bank of Commerce
BNCOM Stock   7.60  0.01  0.13%   
The correlation of Bank of Commerce 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.
  
The ability to find closely correlated positions to Bank of Commerce 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 Commerce 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 Commerce - 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 Commerce to buy it.

Moving together with Bank Stock

  0.62BPI Bank of thePairCorr
  0.72RCB Rizal Commercial BankingPairCorr
  0.62GLO Globe TelecomPairCorr
  0.65SM SM Investments CorpPairCorr

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   
AT
+ 0.88
PX
AT
+ 0.73
MAB
PX
+ 0.73
APX
LC
+ 0.64
MAB
PX
+ 0.64
MAB
PX
+ 0.62
LC
  
High negative correlations   
TFHI
- 0.07
LC
TFHI
- 0.07
MAB
TFHI
- 0.03
CNVRG
TFHI
- 0.01
AT

Risk-Adjusted Indicators

There is a big difference between Bank Stock performing well and Bank of Commerce 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 Commerce'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bank of Commerce 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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