ING Group Correlations

ING Stock

USD 15.69 0.11 0.70%

The current 90-days correlation between ING Group NV and Natwest Group PLC is 0.63 (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

Significant diversification

The correlation between ING Group NV and DJI is 0.04 (i.e., Significant 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.

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 board of governors.

Moving together with ING Stock

0.73	TD	Toronto Dominion Bank Fiscal Year End 5th of December 2024	Pair Corr
0.72	JPM-PK	JPMorgan Chase	Pair Corr
0.78	JPM-PM	JPMorgan Chase	Pair Corr
0.72	JPM-PL	JPMorgan Chase	Pair Corr
0.67	BAC-PN	Bank of America	Pair Corr
0.73	BAC-PQ	Bank of America	Pair Corr
0.66	BAC-PO	Bank of America	Pair Corr
0.71	BAC-PP	Bank of America	Pair Corr

Moving against ING Stock

0.9	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.89	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.87	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.83	C	Citigroup Fiscal Year End 10th of January 2025	Pair Corr
0.78	BCS	Barclays PLC ADR	Pair Corr
0.75	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.69	BMO	Bank of Montreal Fiscal Year End 6th of December 2024	Pair Corr
0.58	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr
0.46	BNS	Bank of Nova Scotia Normal Trading	Pair Corr
0.42	BML-PG	Bank of America	Pair Corr
0.42	BML-PL	Bank of America	Pair Corr
0.38	BML-PH	Bank of America	Pair Corr
0.35	BML-PJ	Bank of America	Pair Corr
0.92	WFC	Wells Fargo Aggressive Push	Pair Corr
0.78	NWG	Natwest Group PLC	Pair Corr
0.62	UBS	UBS Group AG Sell-off Trend	Pair Corr
0.54	HSBC	HSBC Holdings PLC	Pair Corr
0.51	BAC-PB	Bank of America	Pair Corr
0.42	JPM-PC	JPMorgan Chase	Pair Corr
0.38	BAC-PK	Bank of America	Pair Corr
0.34	NTB	Bank of NT	Pair Corr
0.34	BAC-PE	Bank of America	Pair Corr
0.81	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.81	C-PN	Citigroup Capital XIII	Pair Corr
0.77	V	Visa Class A	Pair Corr
0.66	L	Loews Corp	Pair Corr
0.58	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.57	DHIL	Diamond Hill Investment	Pair Corr

Related Correlations Analysis

	NWG	HSBC	SAN	UBS	BCS	BBVA	BCDRF	CS	C	RY
NWG		0.8	0.22	0.75	0.94	-0.16	0.12	-0.13	0.87	0.32	NWG
HSBC	0.8		0.4	0.55	0.71	0.06	0.29	-0.38	0.71	0.45	HSBC
SAN	0.22	0.4		0.31	0.23	0.72	0.59	-0.39	0.07	0.42	SAN
UBS	0.75	0.55	0.31		0.81	-0.07	0.13	-0.09	0.74	0.33	UBS
BCS	0.94	0.71	0.23	0.81		-0.23	0.12	-0.2	0.88	0.41	BCS
BBVA	-0.16	0.06	0.72	-0.07	-0.23		0.38	0.16	-0.26	-0.16	BBVA
BCDRF	0.12	0.29	0.59	0.13	0.12	0.38		-0.33	0.05	0.27	BCDRF
CS	-0.13	-0.38	-0.39	-0.09	-0.2	0.16	-0.33		-0.19	-0.88	CS
C	0.87	0.71	0.07	0.74	0.88	-0.26	0.05	-0.19		0.31	C
RY	0.32	0.45	0.42	0.33	0.41	-0.16	0.27	-0.88	0.31		RY
	NWG	HSBC	SAN	UBS	BCS	BBVA	BCDRF	CS	C	RY

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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

BCS	+ 0.94	NWG
C	+ 0.88	BCS
C	+ 0.87	NWG
BCS	+ 0.81	UBS
HSBC	+ 0.8	NWG
UBS	+ 0.75	NWG

High negative correlations

RY	- 0.88	CS
CS	- 0.39	SAN
CS	- 0.38	HSBC
CS	- 0.33	BCDRF
C	- 0.26	BBVA
BBVA	- 0.23	BCS

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
NWG	1.43	0.07	0.05	0.15	1.70	(1.61)	2.79	(2.54)	7.56
HSBC	0.97	0.09	0.03	0.26	1.34	(0.96)	2.03	(2.34)	6.87
SAN	1.28	0.04	(0.01)	0.29	1.95	(1.28)	2.37	(2.86)	8.69
UBS	1.10	(0.04)	(0.01)	0.05	1.55	(1.08)	2.10	(2.24)	7.85
BCS	1.62	0.04	0.04	0.11	2.05	(1.63)	3.35	(3.62)	10.17
BBVA	1.52	(0.04)	0.00	(1.62)	0.00	0.00	2.94	(2.88)	11.46
BCDRF	3.30	0.19	0.02	(0.75)	3.96	(4.07)	7.68	(7.16)	18.11
CS	3.04	(1.33)	0.00	(1.94)	0.00	0.00	3.53	(5.49)	53.23
C	1.42	0.01	0.07	0.09	1.39	(1.75)	3.56	(1.97)	10.33
RY	0.66	0.09	0.05	0.32	0.55	(0.73)	1.69	(0.90)	4.27

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
H Naus	Independent Member of the Supervisory Board	Profile

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