KB Financial Correlations

KB Stock

USD 87.22 1.57 1.83%

The current 90-days correlation between KB Financial Group and Truist Financial Corp is 0.26 (i.e., Modest diversification). The correlation of KB Financial 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.

KB Financial Correlation With Market

Very weak diversification

The correlation between KB Financial Group and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KB Financial Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with KB Financial Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KB Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with KB Financial Stock

0.64	BAC	Bank of America	Pair Corr
0.7	BCH	Banco De Chile	Pair Corr
0.69	BNS	Bank of Nova Scotia	Pair Corr
0.71	NWG	Natwest Group PLC	Pair Corr
0.72	SAN	Banco Santander SA	Pair Corr
0.81	SHG	Shinhan Financial	Pair Corr
0.63	601166	Industrial Bank	Pair Corr
0.65	601328	Bank of Communications	Pair Corr
0.74	CNGKY	CK Asset Holdings	Pair Corr

Moving against KB Financial Stock

0.63	TBCG	TBC Bank Group	Pair Corr
0.55	VLCN	VLCN Old Symbol Change	Pair Corr
0.31	NVR	NVR Inc	Pair Corr

Related Correlations Analysis

	TFC	BBDO	SHG	MTB	FITB	USB	NWG
TFC		0.2	0.35	0.88	0.9	0.96	0.7	TFC
BBDO	0.2		0.8	-0.13	-0.13	0.03	0.55	BBDO
SHG	0.35	0.8		-0.02	0.04	0.26	0.8	SHG
MTB	0.88	-0.13	-0.02		0.97	0.9	0.36	MTB
FITB	0.9	-0.13	0.04	0.97		0.94	0.45	FITB
USB	0.96	0.03	0.26	0.9	0.94		0.64	USB
NWG	0.7	0.55	0.8	0.36	0.45	0.64		NWG
	TFC	BBDO	SHG	MTB	FITB	USB	NWG

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

FITB	+ 0.97	MTB
USB	+ 0.96	TFC
USB	+ 0.94	FITB
FITB	+ 0.9	TFC
USB	+ 0.9	MTB
MTB	+ 0.88	TFC

High negative correlations

FITB	- 0.13	BBDO
MTB	- 0.13	BBDO
MTB	- 0.02	SHG

Risk-Adjusted Indicators

There is a big difference between KB Financial Stock performing well and KB Financial 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 KB Financial'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
TFC	0.94	0.09	0.07	0.14	1.37	(0.98)	2.28	(2.10)	7.29
BBDO	1.76	(0.02)	(0.02)	0.02	2.02	(2.10)	3.42	(3.69)	9.18
SHG	1.23	0.09	0.04	0.22	1.56	(1.22)	2.69	(2.57)	7.34
MTB	0.98	(0.01)	(0.01)	0.05	1.31	(1.07)	2.38	(2.35)	5.84
FITB	1.05	0.00	0.02	0.06	1.69	(1.08)	2.74	(2.45)	8.83
USB	0.93	0.08	0.07	0.12	1.11	(0.97)	2.52	(1.72)	6.55
NWG	1.28	0.28	0.22	0.28	1.00	(1.46)	2.94	(2.14)	8.59

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