Itau CorpBanca Correlations

Summary

ITCBDelisted Stock

USD 3.42 0.03 0.87%

The current 90-days correlation between Itau CorpBanca ADR and Banco De Chile is -0.11 (i.e., Good diversification). The correlation of Itau CorpBanca 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.

Itau CorpBanca Correlation With Market

Very good diversification

The correlation between Itau CorpBanca ADR and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Itau CorpBanca ADR 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Itau Stock

0.76	SSNLF	Samsung Electronics	Pair Corr
0.66	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.77	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.7	BAC	Bank of America Aggressive Push	Pair Corr
0.66	DIS	Walt Disney Aggressive Push	Pair Corr
0.69	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.65	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.67	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against Itau Stock

0.8	TLK	Telkom Indonesia Tbk	Pair Corr
0.79	BKRKY	Bank Rakyat	Pair Corr
0.77	PPERY	Bank Mandiri Persero	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.68	BKRKF	PT Bank Rakyat	Pair Corr
0.68	PPERF	Bank Mandiri Persero	Pair Corr
0.59	PBCRY	Bank Central Asia	Pair Corr
0.56	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.55	PBCRF	PT Bank Central	Pair Corr
0.35	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	BCH	BSBR	CFB	BBDO	CFBK	STBI	MYFW	BWFG	SBSI	NYCB-PA
BCH		0.87	-0.15	0.86	-0.86	0.12	-0.44	-0.61	-0.51	-0.26	BCH
BSBR	0.87		0.0	0.95	-0.9	0.33	-0.59	-0.58	-0.5	-0.56	BSBR
CFB	-0.15	0.0		-0.1	0.2	0.26	0.13	0.67	0.77	-0.21	CFB
BBDO	0.86	0.95	-0.1		-0.9	0.28	-0.58	-0.62	-0.58	-0.56	BBDO
CFBK	-0.86	-0.9	0.2	-0.9		-0.19	0.53	0.61	0.66	0.43	CFBK
STBI	0.12	0.33	0.26	0.28	-0.19		-0.63	-0.15	-0.12	-0.72	STBI
MYFW	-0.44	-0.59	0.13	-0.58	0.53	-0.63		0.62	0.55	0.64	MYFW
BWFG	-0.61	-0.58	0.67	-0.62	0.61	-0.15	0.62		0.8	0.22	BWFG
SBSI	-0.51	-0.5	0.77	-0.58	0.66	-0.12	0.55	0.8		0.29	SBSI
NYCB-PA	-0.26	-0.56	-0.21	-0.56	0.43	-0.72	0.64	0.22	0.29		NYCB-PA
	BCH	BSBR	CFB	BBDO	CFBK	STBI	MYFW	BWFG	SBSI	NYCB-PA

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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

BBDO	+ 0.95	BSBR
BSBR	+ 0.87	BCH
BBDO	+ 0.86	BCH
SBSI	+ 0.8	BWFG
SBSI	+ 0.77	CFB
BWFG	+ 0.67	CFB

High negative correlations

CFBK	- 0.9	BBDO
CFBK	- 0.9	BSBR
CFBK	- 0.86	BCH
NYCB-PA	- 0.72	STBI
MYFW	- 0.63	STBI
BWFG	- 0.62	BBDO

Risk-Adjusted Indicators

There is a big difference between Itau Stock performing well and Itau CorpBanca 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 Itau CorpBanca'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
BCH	0.92	(0.22)	0.00	(0.38)	0.00	0.00	1.86	(2.35)	6.77
BSBR	1.21	(0.44)	0.00	(0.67)	0.00	0.00	1.79	(3.46)	6.57
CFB	1.55	(0.22)	(0.06)	0.01	1.63	(2.07)	3.51	(2.91)	18.20
BBDO	1.51	(0.29)	0.00	3.48	0.00	0.00	2.62	(3.40)	10.00
CFBK	1.94	0.47	0.17	65.89	1.73	(2.35)	6.00	(2.78)	12.35
STBI	0.86	(0.10)	0.00	3.33	0.00	0.00	3.54	(4.24)	11.71
MYFW	1.53	0.16	0.11	0.22	1.65	(1.77)	3.52	(2.38)	11.15
BWFG	1.67	0.04	0.08	0.14	1.97	(1.82)	3.48	(2.51)	17.30
SBSI	1.44	(0.13)	(0.01)	0.05	1.50	(1.75)	2.82	(2.54)	18.60
NYCB-PA	0.97	0.06	(0.01)	0.30	1.13	(1.22)	2.29	(2.33)	8.38

View Itau CorpBanca Related Equities

Banco De Chile Banco Santander Brasil CrossFirst Bankshares Banco Bradesco SA CF Bankshares Sturgis Bancorp First Western Financial Bankwell Financial Group Southside Bancshares, New York Community First Guaranty Bancshares First Merchants Associated Banc Corp Bridgewater Bancshares Depositary Century Financial Corp

Risk & Return

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Still Interested in Itau CorpBanca ADR?

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