Caixabank Correlations

CAIXY Stock

USD 1.73 0.03 1.70%

The current 90-days correlation between Caixabank SA ADR and Banco del Bajo is -0.05 (i.e., Good diversification). The correlation of Caixabank 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.

Caixabank Correlation With Market

Good diversification

The correlation between Caixabank SA ADR and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Caixabank SA ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Caixabank Pink Sheet

0.43	RCAT	Red Cat Holdings Trending	Pair Corr
0.41	BRK-B	Berkshire Hathaway	Pair Corr
0.4	APLD	Applied Blockchain	Pair Corr

Related Correlations Analysis

	TKGZY	ILPMY	BBAJF	BORT	BMEXF	CSHX	OVLY	PFIS	CHMG
TKGZY		0.37	-0.22	0.4	0.0	0.43	0.17	0.18	0.3	TKGZY
ILPMY	0.37		0.18	-0.04	0.0	0.0	-0.38	-0.34	-0.3	ILPMY
BBAJF	-0.22	0.18		-0.6	0.0	-0.6	-0.83	-0.83	-0.82	BBAJF
BORT	0.4	-0.04	-0.6		0.0	0.84	0.65	0.62	0.75	BORT
BMEXF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	BMEXF
CSHX	0.43	0.0	-0.6	0.84	0.0		0.68	0.64	0.76	CSHX
OVLY	0.17	-0.38	-0.83	0.65	0.0	0.68		0.95	0.93	OVLY
PFIS	0.18	-0.34	-0.83	0.62	0.0	0.64	0.95		0.91	PFIS
CHMG	0.3	-0.3	-0.82	0.75	0.0	0.76	0.93	0.91		CHMG
	TKGZY	ILPMY	BBAJF	BORT	BMEXF	CSHX	OVLY	PFIS	CHMG

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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

PFIS	+ 0.95	OVLY
CHMG	+ 0.93	OVLY
CHMG	+ 0.91	PFIS
CSHX	+ 0.84	BORT
CHMG	+ 0.76	CSHX
CHMG	+ 0.75	BORT

High negative correlations

PFIS	- 0.83	BBAJF
OVLY	- 0.83	BBAJF
CHMG	- 0.82	BBAJF
CSHX	- 0.6	BBAJF
BORT	- 0.6	BBAJF
OVLY	- 0.38	ILPMY

Risk-Adjusted Indicators

There is a big difference between Caixabank Pink Sheet performing well and Caixabank 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 Caixabank'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
TKGZY	0.65	0.36	0.00	(0.84)	0.00	0.00	0.00	0.00	21.74
ILPMY	0.52	0.04	0.00	(3.22)	0.00	0.00	0.58	0.00	23.15
BBAJF	3.48	(0.39)	0.00	0.36	0.00	0.00	6.79	(9.84)	25.58
BORT	0.49	0.03	(0.05)	0.32	0.64	(0.79)	1.20	(1.17)	4.78
BMEXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSHX	0.33	0.12	(0.01)	(1.12)	0.00	(0.99)	1.72	(0.43)	4.89
OVLY	1.71	0.09	0.10	0.17	1.51	(2.16)	4.78	(2.77)	11.90
PFIS	1.78	0.09	0.10	0.16	2.09	(1.86)	4.10	(3.44)	20.77
CHMG	0.78	0.04	0.06	0.15	0.63	(0.93)	2.06	(1.09)	9.94

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Our tools can tell you how much better you can do entering a position in Caixabank 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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Caixabank Corporate Management

Tomas Arantegui	Chief Insurance and Asset Management Officer	Profile
Edward OLoghlen	Director Relations	Profile
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Manuel Pont	Head Compliance	Profile

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