ING Group Correlations

ING Stock

USD 28.99 0.24 0.82%

The current 90-days correlation between ING Group NV and Barclays PLC ADR is 0.77 (i.e., Poor diversification). The correlation of ING 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.

ING Group Correlation With Market

Almost no diversification

The correlation between ING Group NV and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ING Group NV and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ING Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ING Group NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with ING Stock

0.85	C	Citigroup	Pair Corr
0.91	CM	Canadian Imperial Bank Earnings Call This Week	Pair Corr
0.62	KB	KB Financial Group	Pair Corr
0.65	NU	Nu Holdings Earnings Call This Week	Pair Corr
0.87	RY	Royal Bank Earnings Call This Week	Pair Corr
0.92	TD	Toronto Dominion Bank	Pair Corr
0.65	WF	Woori Financial Group	Pair Corr
0.82	WSBK	Winchester Bancorp Common	Pair Corr
0.86	XMFA	Sumitomo Mitsui Financial	Pair Corr
0.89	STD	Standard Chartered PLC Earnings Call This Week	Pair Corr
0.92	FDSB	Fifth District Bancorp	Pair Corr
0.93	FITB	Fifth Third Bancorp	Pair Corr
0.77	WBC	Westpac Banking	Pair Corr
0.93	BAP	Credicorp	Pair Corr
0.84	BBT	Beacon Financial Symbol Change	Pair Corr
0.87	BCH	Banco De Chile	Pair Corr
0.95	BCS	Barclays PLC ADR	Pair Corr
0.93	BNS	Bank of Nova Scotia Earnings Call This Week	Pair Corr
0.84	BMA	Banco Macro SA Earnings Call This Week	Pair Corr
0.93	BMO	Bank of Montreal Earnings Call This Week	Pair Corr
0.94	BNS	Bank of Nova Scotia Earnings Call This Week	Pair Corr
0.75	CBK	Commercial Bancgroup	Pair Corr
0.83	CIB	Grupo Cibest SA	Pair Corr
0.9	CMA	Comerica Incorporated	Pair Corr
0.91	CABP	CAB Payments Holdings	Pair Corr
0.96	LYG	Lloyds Banking Group	Pair Corr
0.86	MFG	Mizuho Financial	Pair Corr
0.88	NTB	Bank of NT	Pair Corr
0.8	NWG	Natwest Group PLC Normal Trading	Pair Corr
0.97	SAN	Banco Santander SA	Pair Corr

Moving against ING Stock

0.74	HDB	HDFC Bank Limited	Pair Corr
0.72	EK7A	AGRICULTBK HADR25	Pair Corr

Related Correlations Analysis

	BCS	CM	BNS	NU	ITUB	USB	WFC	BMO	SMFG	PNC
BCS		0.87	0.93	0.7	0.65	0.92	0.66	0.86	0.82	0.9	BCS
CM	0.87		0.96	0.51	0.76	0.95	0.6	0.93	0.9	0.93	CM
BNS	0.93	0.96		0.66	0.79	0.96	0.55	0.94	0.93	0.95	BNS
NU	0.7	0.51	0.66		0.61	0.62	0.33	0.63	0.56	0.6	NU
ITUB	0.65	0.76	0.79	0.61		0.79	0.09	0.91	0.88	0.82	ITUB
USB	0.92	0.95	0.96	0.62	0.79		0.61	0.95	0.93	0.99	USB
WFC	0.66	0.6	0.55	0.33	0.09	0.61		0.4	0.36	0.52	WFC
BMO	0.86	0.93	0.94	0.63	0.91	0.95	0.4		0.95	0.96	BMO
SMFG	0.82	0.9	0.93	0.56	0.88	0.93	0.36	0.95		0.94	SMFG
PNC	0.9	0.93	0.95	0.6	0.82	0.99	0.52	0.96	0.94		PNC
	BCS	CM	BNS	NU	ITUB	USB	WFC	BMO	SMFG	PNC

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Risk-Adjusted Indicators

There is a big difference between ING Stock performing well and ING 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 ING 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
BCS	1.29	0.20	0.11	0.19	1.58	(1.31)	2.94	(2.49)	7.10
CM	0.91	0.14	0.10	0.24	1.06	(0.92)	2.10	(1.92)	7.15
BNS	0.76	0.17	0.13	0.44	0.96	(0.82)	1.69	(1.75)	6.23
NU	1.60	0.06	0.03	0.08	2.26	(1.54)	3.85	(3.65)	11.48
ITUB	1.51	0.39	0.16	0.47	1.83	(1.62)	3.67	(3.41)	9.71
USB	1.04	0.28	0.23	0.30	0.92	(1.19)	2.67	(1.92)	6.48
WFC	1.19	0.01	0.01	0.04	1.67	(1.09)	2.23	(2.85)	8.11
BMO	1.01	0.16	0.12	0.19	1.18	(1.05)	2.12	(1.68)	6.14
SMFG	1.29	0.45	0.28	0.44	1.24	(1.50)	2.99	(2.39)	11.75
PNC	1.07	0.31	0.28	0.39	0.75	(1.34)	2.38	(1.56)	6.25

ING Group Corporate Management

Cindy EldertKlep	Company Secretary	Profile
Margarete Haase	Independent Member of the Supervisory Board	Profile
Ljiljana Cortan	Chief Risk Officer, Member of the Management Board Banking, Member of the Executive Board	Profile
Erwin Olijslager	Principal Officer	Profile
Lodewijk Bergh	Independent Member of the Supervisory Board	Profile
J Colombas	Independent Member of the Supervisory Board	Profile

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