Popular Correlations

BPOP Stock

USD 101.80 2.84 2.87%

The current 90-days correlation between Popular and First Bancorp is 0.88 (i.e., Very poor diversification). The correlation of Popular 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.

Popular Correlation With Market

Poor diversification

The correlation between Popular and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Popular and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Popular. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Popular Stock, please use our How to Invest in Popular guide.

Moving against Popular Stock

0.35	TECTP	Tectonic Financial	Pair Corr
0.33	CFG-PH	Citizens Financial Group,	Pair Corr
0.33	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.53	WCFB	WCF Bancorp Downward Rally	Pair Corr
0.36	KEY-PL	KeyCorp	Pair Corr
0.35	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.32	WSBCP	WesBanco	Pair Corr
0.31	WMPN	William Penn Bancorp	Pair Corr

Related Correlations Analysis

	OFG	FBMS	FCF	FBNC	FBP	FRAF	NBHC	BWFG	FNWD	BANF
OFG		0.3	0.42	0.35	0.82	0.24	0.13	0.49	-0.31	0.17	OFG
FBMS	0.3		0.95	0.91	0.45	0.68	0.97	0.7	0.16	0.94	FBMS
FCF	0.42	0.95		0.96	0.59	0.61	0.88	0.83	0.22	0.95	FCF
FBNC	0.35	0.91	0.96		0.56	0.59	0.85	0.82	0.32	0.95	FBNC
FBP	0.82	0.45	0.59	0.56		0.1	0.29	0.51	-0.14	0.39	FBP
FRAF	0.24	0.68	0.61	0.59	0.1		0.68	0.64	0.02	0.63	FRAF
NBHC	0.13	0.97	0.88	0.85	0.29	0.68		0.63	0.28	0.94	NBHC
BWFG	0.49	0.7	0.83	0.82	0.51	0.64	0.63		0.25	0.77	BWFG
FNWD	-0.31	0.16	0.22	0.32	-0.14	0.02	0.28	0.25		0.36	FNWD
BANF	0.17	0.94	0.95	0.95	0.39	0.63	0.94	0.77	0.36		BANF
	OFG	FBMS	FCF	FBNC	FBP	FRAF	NBHC	BWFG	FNWD	BANF

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

NBHC	+ 0.97	FBMS
FBNC	+ 0.96	FCF
FCF	+ 0.95	FBMS
BANF	+ 0.95	FCF
BANF	+ 0.95	FBNC
BANF	+ 0.94	FBMS

High negative correlations

FNWD	- 0.31	OFG
FNWD	- 0.14	FBP

Risk-Adjusted Indicators

There is a big difference between Popular Stock performing well and Popular 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 Popular'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
OFG	1.50	(0.13)	(0.01)	0.05	2.05	(1.66)	3.27	(2.63)	17.60
FBMS	1.64	0.01	0.09	0.13	1.48	(2.08)	4.00	(3.51)	16.66
FCF	1.51	(0.02)	0.10	0.11	1.33	(1.82)	3.69	(2.63)	20.14
FBNC	1.58	(0.01)	0.08	0.12	1.50	(1.89)	3.82	(2.51)	16.50
FBP	1.61	(0.21)	(0.02)	0.03	2.10	(1.70)	2.90	(3.55)	19.73
FRAF	0.81	0.20	0.05	(2.43)	1.05	(0.96)	1.52	(1.16)	9.44
NBHC	1.63	0.02	0.08	0.13	1.62	(1.94)	3.29	(2.64)	17.64
BWFG	1.79	0.07	0.09	0.15	2.20	(1.93)	3.64	(4.51)	17.30
FNWD	0.96	0.16	0.06	0.70	0.75	(1.21)	2.48	(1.80)	12.55
BANF	1.67	0.04	0.14	0.13	1.42	(2.12)	3.67	(2.90)	20.44

Popular Corporate Executives

Elected by the shareholders, the Popular's board of directors comprises two types of representatives: Popular inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Popular. The board's role is to monitor Popular's management team and ensure that shareholders' interests are well served. Popular'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, Popular's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Carlos Vazquez	CFO and Executive VP	Profile
	Manuel Chinea	COO of Popular Community Bank	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