BANK CENTRAL Correlations

BZG2 Stock

EUR 0.56 0.01 1.82%

The current 90-days correlation between BANK CENTRAL ASIA and Apple Inc is -0.23 (i.e., Very good diversification). The correlation of BANK CENTRAL 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.

BANK CENTRAL Correlation With Market

Good diversification

The correlation between BANK CENTRAL ASIA and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BANK CENTRAL ASIA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BANK CENTRAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BANK CENTRAL 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 BANK CENTRAL - 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 BANK CENTRAL ASIA to buy it.

Moving together with BANK Stock

0.74	PQ9	PT Bank Mandiri	Pair Corr
0.87	PQ9	BANK MANDIRI	Pair Corr
0.62	PQ9	BANK MANDIRI	Pair Corr
0.8	PQ9	BANK MANDIRI	Pair Corr
0.73	BYRA	BANK RAKYAT IND	Pair Corr
0.69	BYRA	PT Bank Rakyat	Pair Corr
0.85	BYRA	BANK RAKYAT IND	Pair Corr
0.75	BYRA	PT Bank Rakyat	Pair Corr
0.61	BZG2	BANK CENTRAL ASIA Earnings Call This Week	Pair Corr

Moving against BANK Stock

0.65	AMZ	Amazon Inc	Pair Corr
0.48	APC	Apple Inc	Pair Corr
0.48	APC	Apple Inc	Pair Corr
0.47	APC	Apple Inc	Pair Corr
0.46	APC	Apple Inc	Pair Corr
0.42	MSF	Microsoft	Pair Corr
0.38	MSF	Microsoft	Pair Corr
0.38	MSF	Microsoft	Pair Corr
0.37	MSF	Microsoft	Pair Corr
0.37	MSF	Microsoft	Pair Corr
0.74	SNQB	SANOMA Dusseldorf	Pair Corr
0.7	GIFN	GigaMedia	Pair Corr
0.67	HEI	Heidelberg Materials	Pair Corr
0.65	C7T	CTT Correios	Pair Corr
0.64	C8C	Consolidated Communications	Pair Corr
0.59	OD7B	ETFS Coffee ETC	Pair Corr
0.58	Z56	QINGCI GAMES INC	Pair Corr
0.56	MEC	Meiko Electronics	Pair Corr
0.53	VRS	VERISIGN	Pair Corr
0.48	AZ5	AUTOZONE Dusseldorf	Pair Corr
0.44	YC3	CONCORDIA FINL GROUP	Pair Corr
0.34	CFC	UET United Electronic	Pair Corr
0.68	KEL	Kellogg Company	Pair Corr
0.63	CE1	Perdoceo Education	Pair Corr
0.6	1YD	Broadcom	Pair Corr
0.58	BOV	Apyx Medical Corp	Pair Corr

Related Correlations Analysis

	APC	APC	APC	APC	MSF	MSF	MSF	MSF	MSF	AMZ
APC		1.0	0.99	0.99	0.87	0.86	0.86	0.88	0.88	0.84	APC
APC	1.0		1.0	0.99	0.88	0.88	0.88	0.89	0.89	0.85	APC
APC	0.99	1.0		0.99	0.88	0.87	0.87	0.89	0.89	0.85	APC
APC	0.99	0.99	0.99		0.86	0.86	0.86	0.88	0.88	0.85	APC
MSF	0.87	0.88	0.88	0.86		0.99	0.98	0.97	0.99	0.88	MSF
MSF	0.86	0.88	0.87	0.86	0.99		0.99	0.98	1.0	0.87	MSF
MSF	0.86	0.88	0.87	0.86	0.98	0.99		0.98	0.99	0.87	MSF
MSF	0.88	0.89	0.89	0.88	0.97	0.98	0.98		0.98	0.89	MSF
MSF	0.88	0.89	0.89	0.88	0.99	1.0	0.99	0.98		0.88	MSF
AMZ	0.84	0.85	0.85	0.85	0.88	0.87	0.87	0.89	0.88		AMZ
	APC	APC	APC	APC	MSF	MSF	MSF	MSF	MSF	AMZ

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Risk-Adjusted Indicators

There is a big difference between BANK Stock performing well and BANK CENTRAL 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 BANK CENTRAL'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
APC	0.91	0.09	0.06	0.97	1.38	(0.85)	1.94	(2.22)	6.12
APC	0.89	0.09	0.07	0.71	1.13	(0.91)	1.81	(1.96)	5.21
APC	0.91	0.09	0.06	0.30	1.37	(0.87)	1.67	(2.15)	5.61
APC	0.90	0.09	0.08	(1.01)	1.02	(1.00)	2.33	(1.94)	5.51
MSF	0.95	0.13	0.08	1.01	1.42	(0.98)	2.59	(1.92)	9.09
MSF	1.05	0.13	0.08	1.23	1.46	(1.26)	2.43	(1.93)	11.42
MSF	1.06	0.14	0.09	2.71	1.42	(1.18)	3.08	(2.16)	9.11
MSF	0.93	0.14	0.09	(64.30)	1.37	(1.02)	2.04	(1.84)	8.79
MSF	0.95	0.13	0.09	4.10	1.29	(1.08)	2.55	(1.61)	8.71
AMZ	1.19	0.35	0.22	31.37	1.16	(1.30)	2.87	(2.01)	9.60

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Our tools can tell you how much better you can do entering a position in BANK CENTRAL 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.

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