Banco Santander Correlations

BSAC Stock

USD 19.86 0.05 0.25%

The current 90-days correlation between Banco Santander Chile and Bancolombia SA ADR is 0.37 (i.e., Weak diversification). The correlation of Banco Santander 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 Santander Correlation With Market

Average diversification

The correlation between Banco Santander Chile and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banco Santander Chile 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 Banco Santander Chile. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Banco Stock

0.68	NU	Nu Holdings Aggressive Push	Pair Corr
0.68	WF	Woori Financial Group	Pair Corr
0.74	TFC-PO	Truist Financial	Pair Corr
0.73	TFC-PR	Truist Financial	Pair Corr
0.8	CFG-PE	Citizens Financial	Pair Corr
0.63	CFG-PH	Citizens Financial Group,	Pair Corr
0.82	WAFDP	Washington Federal	Pair Corr
0.75	FRCCL	First Republic Bank	Pair Corr

Moving against Banco Stock

0.76	VBFC	Village Bank	Pair Corr
0.68	TECTP	Tectonic Financial	Pair Corr
0.59	EBTC	Enterprise Bancorp	Pair Corr
0.43	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.32	BY	Byline Bancorp	Pair Corr
0.74	WSBCP	WesBanco	Pair Corr
0.74	OCFCP	OceanFirst Financial Corp	Pair Corr
0.7	BANC-PF	Banc of California	Pair Corr
0.51	EVBN	Evans Bancorp Earnings Call This Week	Pair Corr
0.36	WNEB	Western New England Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	CIB	BBDO	BAP	BSBR	ITUB	BCH	KEY-PI	FMBH	FINW	LBC
CIB		-0.32	0.16	-0.34	-0.35	-0.13	0.08	-0.11	0.07	0.48	CIB
BBDO	-0.32		0.36	0.97	0.96	0.71	0.55	0.28	-0.07	-0.37	BBDO
BAP	0.16	0.36		0.31	0.35	0.23	0.05	0.65	0.46	0.19	BAP
BSBR	-0.34	0.97	0.31		0.96	0.76	0.59	0.3	-0.07	-0.34	BSBR
ITUB	-0.35	0.96	0.35	0.96		0.67	0.52	0.43	0.09	-0.43	ITUB
BCH	-0.13	0.71	0.23	0.76	0.67		0.49	0.14	-0.11	0.14	BCH
KEY-PI	0.08	0.55	0.05	0.59	0.52	0.49		0.0	-0.15	0.0	KEY-PI
FMBH	-0.11	0.28	0.65	0.3	0.43	0.14	0.0		0.8	-0.08	FMBH
FINW	0.07	-0.07	0.46	-0.07	0.09	-0.11	-0.15	0.8		0.05	FINW
LBC	0.48	-0.37	0.19	-0.34	-0.43	0.14	0.0	-0.08	0.05		LBC
	CIB	BBDO	BAP	BSBR	ITUB	BCH	KEY-PI	FMBH	FINW	LBC

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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

BSBR	+ 0.97	BBDO
ITUB	+ 0.96	BBDO
ITUB	+ 0.96	BSBR
FINW	+ 0.8	FMBH
BCH	+ 0.76	BSBR
BCH	+ 0.71	BBDO

High negative correlations

LBC	- 0.43	ITUB
LBC	- 0.37	BBDO
ITUB	- 0.35	CIB
LBC	- 0.34	BSBR
BSBR	- 0.34	CIB
BBDO	- 0.32	CIB

Risk-Adjusted Indicators

There is a big difference between Banco Stock performing well and Banco Santander 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 Santander'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
CIB	1.16	0.08	0.03	1.47	1.57	(1.19)	2.87	(2.25)	8.07
BBDO	1.69	(0.25)	0.00	(1.13)	0.00	0.00	2.84	(4.19)	11.42
BAP	1.06	(0.03)	0.00	(0.12)	0.00	0.00	2.18	(2.47)	6.80
BSBR	1.81	(0.25)	0.00	(1.16)	0.00	0.00	3.66	(4.48)	10.10
ITUB	1.44	(0.17)	0.00	(0.37)	0.00	0.00	2.63	(3.24)	10.18
BCH	0.85	(0.05)	0.00	(0.42)	0.00	0.00	1.87	(2.14)	5.66
KEY-PI	0.60	(0.01)	0.00	(0.07)	0.00	0.00	1.42	(1.12)	4.39
FMBH	1.46	(0.12)	0.00	(0.36)	0.00	0.00	2.39	(2.81)	18.85
FINW	1.57	0.05	0.01	(7.37)	2.45	(1.57)	4.73	(4.83)	12.27
LBC	2.06	0.11	0.04	0.50	2.16	(2.32)	5.04	(3.88)	10.73

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