Erste Group Correlations

EBKOF Stock

USD 128.92 1.62 1.27%

The current 90-days correlation between Erste Group Bank and DNB Bank ASA is 0.27 (i.e., Modest 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 0.89 (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

0.73	CIHHF	China Merchants Bank	Pair Corr
0.66	BBDC4	Banco Bradesco SA	Pair Corr
0.92	MFG	Mizuho Financial	Pair Corr
0.82	ITUB	Itau Unibanco Banco Aggressive Push	Pair Corr
0.94	PNC	PNC Financial Services	Pair Corr
0.81	ISRMF	iShares MSCI	Pair Corr
0.78	MRLWF	Marlowe Plc	Pair Corr
0.78	KNTK	Kinetik Holdings	Pair Corr
0.69	GOOD	Gladstone Commercial	Pair Corr
0.76	INTC	Intel Aggressive Push	Pair Corr
0.91	AA	Alcoa Corp	Pair Corr
0.77	CVX	Chevron Corp	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.86	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.66	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.83	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.91	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.86	CAT	Caterpillar	Pair Corr

Moving against Erste Pink Sheet

0.79	HDB	HDFC Bank Limited	Pair Corr
0.63	CIHKY	China Merchants Bank	Pair Corr
0.49	MMSI	Merit Medical Systems	Pair Corr
0.35	IBN	ICICI Bank Limited	Pair Corr
0.48	MMM	3M Company	Pair Corr

Related Correlations Analysis

	DNBBF	DNBBY	DNKEY	DNSKF	CRZBF	SVKEF	UOVEF	JPSTF	CRZBY	BKRKY
DNBBF		0.92	0.91	0.73	0.74	0.71	0.69	0.82	0.77	-0.07	DNBBF
DNBBY	0.92		0.97	0.8	0.85	0.83	0.8	0.91	0.76	0.06	DNBBY
DNKEY	0.91	0.97		0.85	0.88	0.83	0.8	0.87	0.83	0.02	DNKEY
DNSKF	0.73	0.8	0.85		0.82	0.79	0.67	0.65	0.75	0.08	DNSKF
CRZBF	0.74	0.85	0.88	0.82		0.83	0.74	0.76	0.71	0.08	CRZBF
SVKEF	0.71	0.83	0.83	0.79	0.83		0.86	0.76	0.6	0.3	SVKEF
UOVEF	0.69	0.8	0.8	0.67	0.74	0.86		0.83	0.57	0.23	UOVEF
JPSTF	0.82	0.91	0.87	0.65	0.76	0.76	0.83		0.61	0.05	JPSTF
CRZBY	0.77	0.76	0.83	0.75	0.71	0.6	0.57	0.61		-0.33	CRZBY
BKRKY	-0.07	0.06	0.02	0.08	0.08	0.3	0.23	0.05	-0.33		BKRKY
	DNBBF	DNBBY	DNKEY	DNSKF	CRZBF	SVKEF	UOVEF	JPSTF	CRZBY	BKRKY

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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

DNKEY	+ 0.97	DNBBY
DNBBY	+ 0.92	DNBBF
DNKEY	+ 0.91	DNBBF
JPSTF	+ 0.91	DNBBY
CRZBF	+ 0.88	DNKEY
JPSTF	+ 0.87	DNKEY

High negative correlations

BKRKY	- 0.33	CRZBY
BKRKY	- 0.07	DNBBF

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	1.78	0.24	0.07	0.60	2.31	(1.81)	4.50	(4.84)	10.57
DNBBY	0.95	0.17	0.12	0.32	0.88	(1.05)	2.03	(1.76)	5.02
DNKEY	0.98	0.20	0.16	0.28	0.91	(1.10)	2.16	(1.72)	5.36
DNSKF	0.62	0.19	0.00	4.55	0.00	0.00	2.45	0.00	11.39
CRZBF	1.40	0.26	0.04	0.45	1.70	(4.53)	7.74	(3.26)	16.91
SVKEF	0.64	0.19	0.00	(0.74)	0.00	0.00	3.28	(1.87)	12.51
UOVEF	2.06	0.22	0.03	0.78	2.84	(3.49)	8.15	(7.90)	20.11
JPSTF	2.39	1.00	0.16	12.45	1.49	(7.58)	9.93	(0.73)	28.24
CRZBY	1.47	0.05	0.03	0.13	1.97	(1.42)	2.70	(3.32)	10.17
BKRKY	1.22	(0.06)	0.00	(0.21)	0.00	0.00	2.79	(2.54)	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.

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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

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