Erste Group Correlations
| EBKOF Stock | USD 123.01 0.08 0.07% |
The current 90-days correlation between Erste Group Bank and DNB Bank ASA is -0.02 (i.e., Good 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 weak diversification
The correlation between Erste Group Bank and DJI is 0.47 (i.e., Very weak 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.
Erste |
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
| 0.62 | CIHKY | China Merchants Bank | PairCorr |
| 0.73 | CIHHF | China Merchants Bank | PairCorr |
| 0.92 | MFG | Mizuho Financial | PairCorr |
| 0.67 | BNPQY | BNP Paribas SA | PairCorr |
| 0.77 | WMT | Walmart Common Stock | PairCorr |
| 0.83 | ACN | Accenture plc | PairCorr |
| 0.91 | VLKAF | Volkswagen AG | PairCorr |
| 0.92 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.84 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.94 | FTV | Fortive Corp | PairCorr |
| 0.9 | AA | Alcoa Corp | PairCorr |
| 0.76 | CAT | Caterpillar | PairCorr |
| 0.74 | TRV | The Travelers Companies | PairCorr |
| 0.78 | CSCO | Cisco Systems | PairCorr |
| 0.8 | JNJ | Johnson Johnson | PairCorr |
| 0.87 | DD | Dupont De Nemours | PairCorr |
| 0.76 | AXP | American Express | PairCorr |
Moving against Erste Pink Sheet
| 0.74 | IBN | ICICI Bank Limited | PairCorr |
| 0.74 | JD | JD Inc Adr Sell-off Trend | PairCorr |
| 0.62 | USB-PH | US Bancorp | PairCorr |
| 0.36 | HNHPF | Hon Hai Precision | PairCorr |
| 0.81 | PG | Procter Gamble | PairCorr |
| 0.72 | HPQ | HP Inc | PairCorr |
| 0.7 | HD | Home Depot | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | 2.08 | 0.00 | (0.02) | 0.06 | 2.77 | 4.67 | 10.57 | |||
| DNBBY | 0.92 | 0.04 | (0.01) | 0.28 | 1.43 | 1.69 | 6.51 | |||
| DNKEY | 0.90 | 0.19 | 0.14 | 0.38 | 0.95 | 1.91 | 5.39 | |||
| DNSKF | 0.48 | 0.18 | 0.00 | (6.14) | 0.00 | 0.00 | 8.32 | |||
| CRZBF | 1.31 | 0.20 | 0.02 | (0.95) | 1.76 | 6.02 | 16.91 | |||
| SVKEF | 0.64 | 0.22 | 0.00 | (1.00) | 0.00 | 3.28 | 11.83 | |||
| UOVEF | 1.50 | 0.13 | 0.01 | 0.72 | 2.33 | 6.80 | 17.74 | |||
| JPSTF | 1.49 | 0.28 | 0.02 | (0.54) | 2.33 | 4.12 | 28.24 | |||
| CRZBY | 1.34 | 0.10 | 0.06 | 0.18 | 1.56 | 2.61 | 9.82 | |||
| BKRKY | 1.29 | (0.01) | 0.00 | 0.10 | 0.00 | 3.64 | 9.92 |
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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 |