Popular Correlations

BPOP Stock

USD 126.02 0.07 0.06%

The current 90-days correlation between Popular and Zions Bancorporation is 0.81 (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

Very weak diversification

The correlation between Popular and DJI is 0.52 (i.e., Very weak 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.

Build AI portfolio with Popular Stock

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 metropolitan statistical area.

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

Moving together with Popular Stock

0.84	AX	Axos Financial	Pair Corr
0.74	RF	Regions Financial	Pair Corr
0.65	VBNK	VersaBank	Pair Corr
0.64	EBMT	Eagle Bancorp Montana	Pair Corr
0.88	EFSC	Enterprise Financial	Pair Corr
0.82	EGBN	Eagle Bancorp	Pair Corr
0.73	WSBC	WesBanco	Pair Corr
0.74	FBNC	First Bancorp	Pair Corr
0.78	FCBC	First Community Banc	Pair Corr
0.77	FFBC	First Financial Bancorp	Pair Corr
0.72	FFIN	First Financial Bank	Pair Corr

Moving against Popular Stock

0.73	601997	Bank of Guiyang	Pair Corr
0.56	002142	Bank of Ningbo	Pair Corr
0.56	TFINP	Triumph Financial	Pair Corr
0.6	FRMEP	First Merchants	Pair Corr

Related Correlations Analysis

	ZION	CFR	ONB	CBSH	PNFP	CADE	UMBF	WAL	SNV	BOKF
ZION		0.94	0.97	0.67	0.94	0.8	0.91	0.93	0.94	0.91	ZION
CFR	0.94		0.94	0.66	0.89	0.78	0.9	0.86	0.89	0.89	CFR
ONB	0.97	0.94		0.6	0.97	0.86	0.86	0.92	0.96	0.95	ONB
CBSH	0.67	0.66	0.6		0.53	0.22	0.84	0.72	0.5	0.5	CBSH
PNFP	0.94	0.89	0.97	0.53		0.86	0.81	0.88	1.0	0.96	PNFP
CADE	0.8	0.78	0.86	0.22	0.86		0.58	0.66	0.88	0.92	CADE
UMBF	0.91	0.9	0.86	0.84	0.81	0.58		0.85	0.79	0.8	UMBF
WAL	0.93	0.86	0.92	0.72	0.88	0.66	0.85		0.87	0.82	WAL
SNV	0.94	0.89	0.96	0.5	1.0	0.88	0.79	0.87		0.96	SNV
BOKF	0.91	0.89	0.95	0.5	0.96	0.92	0.8	0.82	0.96		BOKF
	ZION	CFR	ONB	CBSH	PNFP	CADE	UMBF	WAL	SNV	BOKF

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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
ZION	1.42	(0.04)	0.01	0.05	2.80	(1.44)	3.33	(2.24)	15.99
CFR	1.00	(0.03)	(0.02)	0.05	1.39	(1.03)	2.61	(1.63)	7.78
ONB	1.33	(0.04)	0.00	0.05	2.04	(1.43)	3.13	(1.98)	11.15
CBSH	1.02	(0.15)	0.00	(0.08)	0.00	0.00	2.38	(3.26)	9.69
PNFP	1.26	0.00	0.01	0.07	1.88	(1.26)	2.87	(1.97)	9.66
CADE	1.29	0.15	0.08	0.18	2.01	(1.35)	3.30	(3.04)	10.74
UMBF	1.17	(0.10)	(0.03)	0.01	1.80	(1.41)	3.23	(3.22)	10.41
WAL	1.70	(0.17)	0.00	(0.01)	0.00	0.00	4.13	(4.24)	16.04
SNV	1.27	0.01	0.02	0.08	1.88	(1.28)	2.93	(1.91)	9.63
BOKF	1.21	0.03	0.03	0.10	1.74	(1.28)	2.97	(3.12)	7.62

Popular Corporate Management

Beatriz Armas	Executive Group	Profile
Gilberto Monzon	Executive Rico	Profile
Jorge Garca	Senior Officer	Profile
Eli Sepulveda	Executive Rico	Profile

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