KB Financial Correlations

KB Stock

USD 55.78 0.51 0.91%

The current 90-days correlation between KB Financial Group and Banco Santander Brasil is -0.11 (i.e., Good 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

Modest diversification

The correlation between KB Financial Group and DJI is 0.29 (i.e., Modest 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.

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

0.72	AX	Axos Financial	Pair Corr
0.76	PB	Prosperity Bancshares	Pair Corr
0.83	RF	Regions Financial Earnings Call This Week	Pair Corr
0.73	WF	Woori Financial Group	Pair Corr
0.74	VBNK	VersaBank	Pair Corr
0.68	KEY-PJ	KeyCorp	Pair Corr
0.71	KEY-PK	KeyCorp	Pair Corr
0.66	WABC	Westamerica Bancorporation	Pair Corr
0.71	WASH	Washington Trust Bancorp	Pair Corr
0.69	EQBK	Equity Bancshares,	Pair Corr
0.65	WMPN	William Penn Bancorp	Pair Corr

Moving against KB Financial Stock

0.77	VBFC	Village Bank	Pair Corr
0.61	EBTC	Enterprise Bancorp	Pair Corr
0.4	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.38	TECTP	Tectonic Financial	Pair Corr
0.43	TFINP	Triumph Financial	Pair Corr
0.38	WSBCP	WesBanco	Pair Corr
0.32	BANFP	BFC Capital Trust	Pair Corr

Related Correlations Analysis

	BSBR	CFB	BBDO	CFBK	AVAL	BSAC	BAP	BLX	AFBI	BAFN
BSBR		0.55	0.91	0.3	0.53	0.68	0.46	0.08	-0.1	0.57	BSBR
CFB	0.55		0.52	0.89	-0.09	0.19	0.72	-0.59	0.66	-0.08	CFB
BBDO	0.91	0.52		0.29	0.38	0.5	0.51	-0.05	-0.06	0.42	BBDO
CFBK	0.3	0.89	0.29		-0.36	-0.08	0.6	-0.74	0.73	-0.34	CFBK
AVAL	0.53	-0.09	0.38	-0.36		0.87	-0.1	0.72	-0.61	0.91	AVAL
BSAC	0.68	0.19	0.5	-0.08	0.87		0.08	0.5	-0.34	0.91	BSAC
BAP	0.46	0.72	0.51	0.6	-0.1	0.08		-0.45	0.35	-0.17	BAP
BLX	0.08	-0.59	-0.05	-0.74	0.72	0.5	-0.45		-0.78	0.7	BLX
AFBI	-0.1	0.66	-0.06	0.73	-0.61	-0.34	0.35	-0.78		-0.55	AFBI
BAFN	0.57	-0.08	0.42	-0.34	0.91	0.91	-0.17	0.7	-0.55		BAFN
	BSBR	CFB	BBDO	CFBK	AVAL	BSAC	BAP	BLX	AFBI	BAFN

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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	+ 0.91	BSBR
BAFN	+ 0.91	AVAL
BAFN	+ 0.91	BSAC
CFBK	+ 0.89	CFB
BSAC	+ 0.87	AVAL
AFBI	+ 0.73	CFBK

High negative correlations

AFBI	- 0.78	BLX
BLX	- 0.74	CFBK
AFBI	- 0.61	AVAL
BLX	- 0.59	CFB
BAFN	- 0.55	AFBI
BLX	- 0.45	BAP

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
BSBR	1.82	0.03	0.01	0.07	2.49	(1.86)	3.95	(4.48)	10.10
CFB	1.42	(0.06)	0.00	(0.05)	0.00	0.00	3.04	(2.78)	9.35
BBDO	1.87	0.03	0.01	0.08	2.54	(1.92)	3.16	(3.70)	11.42
CFBK	1.79	(0.23)	0.00	(0.42)	0.00	0.00	3.19	(4.08)	13.90
AVAL	1.65	0.56	0.27	1.89	1.47	(2.02)	4.56	(2.83)	14.76
BSAC	0.99	0.23	0.18	0.59	1.00	(1.06)	2.49	(1.96)	4.69
BAP	1.09	0.01	0.01	0.03	1.37	(1.14)	2.89	(2.47)	6.80
BLX	1.03	0.18	0.12	0.65	1.31	(1.08)	3.02	(1.80)	6.98
AFBI	0.93	(0.19)	0.00	(1.04)	0.00	0.00	1.77	(1.19)	22.47
BAFN	1.72	0.36	0.19	0.49	1.51	(2.24)	3.66	(2.80)	18.72

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