Banco De Correlations

BNDSF Stock

USD 2.28 0.08 3.64%

The current 90-days correlation between Banco de Sabadell and ABN AMRO Bank is 0.09 (i.e., Significant diversification). The correlation of Banco De 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 De Correlation With Market

Good diversification

The correlation between Banco de Sabadell and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banco de Sabadell and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Banco De 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 De 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 De - 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 de Sabadell to buy it.

Moving together with Banco Pink Sheet

0.73	JPM	JPMorgan Chase	Pair Corr
0.67	IDCBF	Industrial and Commercial	Pair Corr
0.71	IDCBY	Industrial Commercial	Pair Corr
0.74	EC	Ecopetrol SA ADR	Pair Corr
0.61	CHKP	Check Point Software Earnings Call This Week	Pair Corr
0.8	GILT	Gilat Satellite Networks	Pair Corr
0.64	AXP	American Express	Pair Corr
0.64	GE	GE Aerospace	Pair Corr
0.86	MMM	3M Company	Pair Corr

Moving against Banco Pink Sheet

0.45	KEP	Korea Electric Power	Pair Corr
0.45	RELIW	Reliance Global Group	Pair Corr
0.37	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.36	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.56	HPQ	HP Inc	Pair Corr
0.55	AA	Alcoa Corp	Pair Corr
0.39	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.35	PG	Procter Gamble	Pair Corr
0.33	MRK	Merck Company Earnings Call This Week	Pair Corr
0.32	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	ANZGF	AAVMY	BCLYF	BACRP	BAC-PS	BBVXF	ACGBY	BCDRF	BBVA	MUFG
ANZGF		-0.33	-0.34	-0.52	0.18	-0.21	-0.18	-0.22	-0.48	-0.34	ANZGF
AAVMY	-0.33		0.2	0.08	0.39	0.69	-0.11	0.66	0.63	-0.03	AAVMY
BCLYF	-0.34	0.2		0.26	-0.2	-0.18	0.49	0.35	0.67	0.76	BCLYF
BACRP	-0.52	0.08	0.26		-0.49	0.19	0.39	0.22	0.4	0.22	BACRP
BAC-PS	0.18	0.39	-0.2	-0.49		0.17	-0.66	0.21	-0.23	-0.41	BAC-PS
BBVXF	-0.21	0.69	-0.18	0.19	0.17		-0.22	0.42	0.33	-0.25	BBVXF
ACGBY	-0.18	-0.11	0.49	0.39	-0.66	-0.22		-0.01	0.47	0.44	ACGBY
BCDRF	-0.22	0.66	0.35	0.22	0.21	0.42	-0.01		0.68	0.15	BCDRF
BBVA	-0.48	0.63	0.67	0.4	-0.23	0.33	0.47	0.68		0.52	BBVA
MUFG	-0.34	-0.03	0.76	0.22	-0.41	-0.25	0.44	0.15	0.52		MUFG
	ANZGF	AAVMY	BCLYF	BACRP	BAC-PS	BBVXF	ACGBY	BCDRF	BBVA	MUFG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

MUFG	+ 0.76	BCLYF
BBVXF	+ 0.69	AAVMY
BBVA	+ 0.68	BCDRF
BBVA	+ 0.67	BCLYF
BCDRF	+ 0.66	AAVMY
BBVA	+ 0.63	AAVMY

High negative correlations

ACGBY	- 0.66	BAC-PS
BACRP	- 0.52	ANZGF
BAC-PS	- 0.49	BACRP
BBVA	- 0.48	ANZGF
MUFG	- 0.41	BAC-PS
MUFG	- 0.34	ANZGF

Risk-Adjusted Indicators

There is a big difference between Banco Pink Sheet performing well and Banco De 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 De'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
ANZGF	2.42	0.08	0.01	0.44	3.03	(4.11)	5.47	(6.64)	14.51
AAVMY	1.02	0.05	(0.01)	0.29	1.38	(1.09)	2.32	(2.15)	7.67
BCLYF	2.32	0.22	0.06	2.60	2.57	(2.63)	5.38	(4.64)	11.97
BACRP	3.01	0.74	0.00	(2.87)	0.00	0.00	2.23	0.00	81.92
BAC-PS	0.73	(0.10)	0.00	(0.17)	0.00	0.00	1.44	(1.44)	4.06
BBVXF	0.96	0.19	0.00	(0.31)	0.00	0.00	3.99	0.00	16.91
ACGBY	1.18	0.13	0.06	0.62	1.16	(1.29)	2.66	(1.84)	6.80
BCDRF	3.46	0.28	0.04	(2.08)	4.03	(4.22)	8.26	(8.20)	17.45
BBVA	1.51	0.21	0.08	0.49	1.95	(1.67)	3.83	(2.88)	10.12
MUFG	1.17	0.29	0.18	0.74	1.11	(1.33)	3.55	(2.29)	9.27

Be your own money manager

Our tools can tell you how much better you can do entering a position in Banco De 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 ETFs Now

ETFs

Find actively traded Exchange Traded Funds (ETF) from around the world

All Next

Launch Module

Banco De Corporate Management

Gabriel Rafael	Assistant Relations	Profile
Cecilia Romero	Head Relations	Profile
Conchita Hernndez	Organization Operations	Profile
Leopoldo Trenor	CFO GM	Profile
Federico Castillo	Chief Operating and Technology Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC