Erste Group Correlations

EBKOF Stock

USD 111.46 6.73 5.69%

The current 90-days correlation between Erste Group Bank and DNB Bank ASA is 0.35 (i.e., Weak diversification). The correlation of Erste Group 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.

Erste Group Correlation With Market

Very poor diversification

The correlation between Erste Group Bank and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Erste Group Bank and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Erste Pink Sheet

0.81	CIHHF	China Merchants Bank	Pair Corr
0.64	FITBP	Fifth Third Bancorp	Pair Corr
0.67	BBDC4	Banco Bradesco SA	Pair Corr
0.76	MFG	Mizuho Financial Downward Rally	Pair Corr
0.7	ITUB	Itau Unibanco Banco Downward Rally	Pair Corr
0.85	PNC	PNC Financial Services	Pair Corr
0.63	WMT	Walmart Common Stock	Pair Corr
0.79	SAR	Saratoga Investment Corp	Pair Corr
0.67	ALFVF	Alfa Laval AB	Pair Corr
0.76	CAPL	Crossamerica Partners	Pair Corr
0.79	ESCA	Escalade Incorporated	Pair Corr
0.72	TDY	Teledyne Technologies	Pair Corr
0.72	MBINN	Merchants Bancorp	Pair Corr
0.78	ADEA	ADEIA P	Pair Corr
0.77	WEJTY	Webjet Limited	Pair Corr
0.72	BHB	Bar Harbor Bankshares	Pair Corr
0.76	SOJE	Southern Company	Pair Corr
0.66	GEL	Genesis Energy LP	Pair Corr
0.62	NBTRF	Nobel Resources Corp	Pair Corr
0.68	VHI	Valhi Inc Earnings Call This Week	Pair Corr
0.68	UAMY	United States Antimony Aggressive Push	Pair Corr
0.78	DREUF	Dream Industrial Real	Pair Corr
0.74	NTRSO	Northern Trust	Pair Corr
0.75	GL-PD	Globe Life 425	Pair Corr

Moving against Erste Pink Sheet

0.69	HDB	HDFC Bank Limited	Pair Corr
0.68	CIHKY	China Merchants Bank	Pair Corr
0.34	JD	JD Inc Adr Earnings Call This Week	Pair Corr
0.32	EYPT	Eyepoint Pharmaceuticals Earnings Call This Week	Pair Corr
0.45	TTCM	Tautachrome	Pair Corr

Related Correlations Analysis

	DNBBF	DNBBY	DNKEY	DNSKF	CRZBF	SVKEF	UOVEF	JPSTF	CRZBY	BKRKY
DNBBF		0.96	0.84	0.81	0.13	0.6	0.68	0.87	0.11	0.64	DNBBF
DNBBY	0.96		0.91	0.84	0.23	0.7	0.76	0.93	0.17	0.72	DNBBY
DNKEY	0.84	0.91		0.83	0.48	0.79	0.78	0.88	0.4	0.7	DNKEY
DNSKF	0.81	0.84	0.83		0.38	0.73	0.69	0.73	0.36	0.64	DNSKF
CRZBF	0.13	0.23	0.48	0.38		0.64	0.39	0.29	0.51	0.32	CRZBF
SVKEF	0.6	0.7	0.79	0.73	0.64		0.83	0.67	0.38	0.75	SVKEF
UOVEF	0.68	0.76	0.78	0.69	0.39	0.83		0.76	0.26	0.74	UOVEF
JPSTF	0.87	0.93	0.88	0.73	0.29	0.67	0.76		0.03	0.67	JPSTF
CRZBY	0.11	0.17	0.4	0.36	0.51	0.38	0.26	0.03		0.13	CRZBY
BKRKY	0.64	0.72	0.7	0.64	0.32	0.75	0.74	0.67	0.13		BKRKY
	DNBBF	DNBBY	DNKEY	DNSKF	CRZBF	SVKEF	UOVEF	JPSTF	CRZBY	BKRKY

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Erste Pink Sheet performing well and Erste Group 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 Erste Group'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
DNBBF	1.81	0.34	0.10	1.38	2.26	(1.81)	4.50	(4.96)	11.24
DNBBY	1.00	0.24	0.20	0.43	0.78	(1.18)	2.03	(1.55)	5.02
DNKEY	1.08	0.14	0.10	0.23	1.14	(1.20)	2.74	(2.22)	6.57
DNSKF	0.78	0.27	0.00	5.23	0.00	0.00	2.66	(0.40)	11.39
CRZBF	1.59	0.26	0.03	0.68	2.14	(5.07)	7.74	(5.76)	19.32
SVKEF	0.66	0.21	0.00	(0.99)	0.00	0.00	3.28	(1.87)	12.51
UOVEF	2.07	0.27	0.04	0.63	2.64	(4.31)	8.15	(7.90)	20.11
JPSTF	2.20	0.88	0.18	(3.48)	1.37	(6.46)	8.99	(3.07)	20.97
CRZBY	1.58	0.04	0.01	0.12	2.22	(1.51)	2.79	(3.94)	10.75
BKRKY	1.31	(0.02)	(0.03)	0.02	1.85	(1.41)	3.35	(2.53)	11.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in Erste Group 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.

Did you try this?

Run Portfolio Rebalancing Now

Portfolio Rebalancing

Analyze risk-adjusted returns against different time horizons to find asset-allocation targets

All Next

Launch Module

Erste Group Corporate Management

Magistrate Bleier	Chief Officer	Profile
Markus Posch	Head HR	Profile
Magistrate Cernko	Chief CEO	Profile
David OMahony	Head of Holding IT	Profile
Carmen Staicu	Spokesperson Communications	Profile
Thomas Sommerauer	Head of Group Investor Relations	Profile
Maurizio Poletto	Chief Board	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC