Credit Agricole Correlations

CRARY Stock

USD 8.23 0.03 0.36%

The current 90-days correlation between Credit Agricole SA and Intesa Sanpaolo SpA is 0.66 (i.e., Poor diversification). The correlation of Credit Agricole 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.

Credit Agricole Correlation With Market

Significant diversification

The correlation between Credit Agricole SA and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Agricole SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Credit Pink Sheet

0.92	CIHKY	China Merchants Bank	Pair Corr
0.91	BBAS3	Banco do Brasil	Pair Corr
0.78	USB-PH	US Bancorp	Pair Corr
0.99	BNPQY	BNP Paribas SA	Pair Corr
0.99	BNPQF	BNP Paribas SA	Pair Corr
0.74	CICHF	China Construction Bank	Pair Corr
0.92	CSCO	Cisco Systems	Pair Corr
0.83	IBM	International Business Sell-off Trend	Pair Corr
0.87	GE	GE Aerospace	Pair Corr
0.8	KO	Coca Cola	Pair Corr
0.83	JPM	JPMorgan Chase	Pair Corr
0.62	BA	Boeing	Pair Corr

Moving against Credit Pink Sheet

0.72	IBN	ICICI Bank Limited Sell-off Trend	Pair Corr
0.71	PBCRF	PT Bank Central	Pair Corr
0.65	HDB	HDFC Bank Limited Normal Trading	Pair Corr
0.56	CAT	Caterpillar	Pair Corr
0.34	HPQ	HP Inc	Pair Corr
0.86	MRK	Merck Company Aggressive Push	Pair Corr

Related Correlations Analysis

	ISNPY	BNPQF	SCGLY	HSNGY	UNCRY	BDORY	BNPQY	CRZBF	HBCP
ISNPY		0.96	0.96	0.88	0.98	0.83	0.97	0.81	0.11	ISNPY
BNPQF	0.96		0.97	0.88	0.98	0.89	0.99	0.86	0.24	BNPQF
SCGLY	0.96	0.97		0.9	0.97	0.87	0.99	0.85	0.21	SCGLY
HSNGY	0.88	0.88	0.9		0.86	0.74	0.89	0.77	0.23	HSNGY
UNCRY	0.98	0.98	0.97	0.86		0.89	0.99	0.86	0.21	UNCRY
BDORY	0.83	0.89	0.87	0.74	0.89		0.9	0.85	0.5	BDORY
BNPQY	0.97	0.99	0.99	0.89	0.99	0.9		0.86	0.25	BNPQY
CRZBF	0.81	0.86	0.85	0.77	0.86	0.85	0.86		0.24	CRZBF
HBCP	0.11	0.24	0.21	0.23	0.21	0.5	0.25	0.24		HBCP
	ISNPY	BNPQF	SCGLY	HSNGY	UNCRY	BDORY	BNPQY	CRZBF	HBCP

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Credit Pink Sheet performing well and Credit Agricole 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 Credit Agricole'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
ISNPY	1.02	0.37	0.38	2.06	0.63	(1.25)	2.80	(1.65)	4.96
BNPQF	1.59	0.35	0.19	0.92	1.39	(2.21)	4.72	(2.62)	8.82
SCGLY	1.60	0.57	0.42	2.94	0.90	(2.06)	3.79	(2.41)	14.51
HSNGY	1.50	0.30	0.17	1.00	1.52	(1.66)	3.80	(2.45)	10.21
UNCRY	1.26	0.42	0.30	0.82	1.16	(1.46)	3.22	(1.78)	7.49
BDORY	1.81	0.18	0.08	0.27	2.15	(1.99)	3.84	(3.98)	9.85
BNPQY	1.16	0.32	0.27	1.26	0.92	(1.35)	2.80	(2.04)	6.64
CRZBF	1.11	0.32	0.00	(40.84)	0.00	0.00	2.66	0.00	16.39
HBCP	1.32	(0.02)	0.00	(0.04)	0.00	0.00	2.82	(2.42)	8.81

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

Xavier Musca	Deputy Officer	Profile
Pierre Metge	Head Director	Profile
Francis Vicari	Head Legal	Profile
Cyril CFA	Head Relations	Profile
Julie Palme	Head Communications	Profile
Martine Boutinet	Head Compliance	Profile

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