Banco Santander Correlations

BSAC Stock

USD 19.46 0.06 0.31%

The current 90-days correlation between Banco Santander Chile and Bancolombia SA ADR is 0.45 (i.e., Very 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

Modest diversification

The correlation between Banco Santander Chile and DJI is 0.29 (i.e., Modest 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

0.7

Woori Financial Group

Pair Corr

Moving against Banco Stock

0.62	TECTP	Tectonic Financial	Pair Corr
0.6	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.59	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.58	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.57	VBNK	VersaBank Normal Trading	Pair Corr
0.54	EBTC	Enterprise Bancorp	Pair Corr
0.51	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.5	AX	Axos Financial	Pair Corr
0.5	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.47	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.44	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.41	CFG-PH	Citizens Financial Group,	Pair Corr
0.36	ECBK	ECB Bancorp	Pair Corr
0.56	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.56	WMPN	William Penn Bancorp	Pair Corr
0.54	EVBN	Evans Bancorp	Pair Corr
0.53	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.53	WSBCP	WesBanco	Pair Corr
0.47	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.46	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.4	KEY-PJ	KeyCorp	Pair Corr
0.39	KEY-PK	KeyCorp	Pair Corr
0.38	KEY-PL	KeyCorp	Pair Corr
0.33	BANC-PF	Banc of California	Pair Corr

Related Correlations Analysis

	CIB	BBDO	BAP	BSBR	ITUB	BCH	KEY-PI	FMBH	FINW	LBC
CIB		-0.36	0.33	-0.34	-0.37	-0.16	0.11	0.32	0.27	0.62	CIB
BBDO	-0.36		-0.78	0.94	0.8	0.85	-0.38	-0.46	-0.91	-0.44	BBDO
BAP	0.33	-0.78		-0.85	-0.79	-0.65	0.37	0.25	0.91	0.58	BAP
BSBR	-0.34	0.94	-0.85		0.92	0.87	-0.28	-0.42	-0.95	-0.54	BSBR
ITUB	-0.37	0.8	-0.79	0.92		0.82	-0.21	-0.43	-0.87	-0.6	ITUB
BCH	-0.16	0.85	-0.65	0.87	0.82		-0.28	-0.41	-0.83	-0.35	BCH
KEY-PI	0.11	-0.38	0.37	-0.28	-0.21	-0.28		-0.06	0.42	0.09	KEY-PI
FMBH	0.32	-0.46	0.25	-0.42	-0.43	-0.41	-0.06		0.35	0.21	FMBH
FINW	0.27	-0.91	0.91	-0.95	-0.87	-0.83	0.42	0.35		0.51	FINW
LBC	0.62	-0.44	0.58	-0.54	-0.6	-0.35	0.09	0.21	0.51		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	+ 0.94	BBDO
ITUB	+ 0.92	BSBR
FINW	+ 0.91	BAP
BCH	+ 0.87	BSBR
BCH	+ 0.85	BBDO
BCH	+ 0.82	ITUB

High negative correlations

FINW	- 0.95	BSBR
FINW	- 0.91	BBDO
FINW	- 0.87	ITUB
BSBR	- 0.85	BAP
FINW	- 0.83	BCH
ITUB	- 0.79	BAP

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	1.20	(0.02)	(0.05)	0.05	1.55	(1.23)	2.87	(2.12)	8.05
BBDO	1.54	(0.20)	0.00	0.80	0.00	0.00	2.80	(2.98)	10.00
BAP	1.05	0.21	0.14	0.43	0.97	(1.18)	2.64	(1.69)	6.10
BSBR	1.11	(0.43)	0.00	(0.81)	0.00	0.00	1.79	(3.17)	6.70
ITUB	1.13	(0.24)	0.00	(0.72)	0.00	0.00	1.84	(2.89)	5.69
BCH	0.88	(0.13)	0.00	1.44	0.00	0.00	1.86	(2.32)	5.69
KEY-PI	0.57	0.00	(0.12)	0.13	0.64	(0.67)	1.40	(1.02)	4.04
FMBH	1.48	0.18	0.04	(0.90)	1.55	(1.75)	3.13	(2.64)	18.64
FINW	1.18	0.55	0.42	(1.73)	0.31	(1.55)	4.46	(1.88)	7.72
LBC	2.06	0.02	0.01	0.12	2.16	(2.32)	5.04	(3.88)	10.73

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