KeyCorp Correlations

KEY-PI Preferred Stock

USD 25.10 0.14 0.55%

The current 90-days correlation between KeyCorp and Regions Financial is 0.12 (i.e., Average diversification). The correlation of KeyCorp 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.

KeyCorp Correlation With Market

Very poor diversification

The correlation between KeyCorp and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KeyCorp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to KeyCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KeyCorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back KeyCorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling KeyCorp to buy it.

Moving together with KeyCorp Preferred Stock

0.78	EC	Ecopetrol SA ADR	Pair Corr
0.8	KEP	Korea Electric Power	Pair Corr
0.73	PTITF	PT Indosat Tbk	Pair Corr
0.65	MNRO	Monro Muffler Brake	Pair Corr
0.87	RBA	RB Global Earnings Call This Week	Pair Corr
0.71	PPBN	Pinnacle Bankshares	Pair Corr
0.89	TFII	TFI International	Pair Corr
0.68	AMBR	Amber International Symbol Change	Pair Corr
0.83	DCOM	Dime Community Bancshares	Pair Corr
0.86	RKLIF	Rentokil Initial plc	Pair Corr
0.75	RIG	Transocean Aggressive Push	Pair Corr
0.65	DRRSF	Arianne Phosphate	Pair Corr
0.88	UNF	Unifirst	Pair Corr
0.83	HL	Hecla Mining Earnings Call This Week	Pair Corr
0.84	GRMC	Goldrich Mining	Pair Corr
0.86	MIELY	Mitsubishi Electric Corp	Pair Corr
0.85	UDR	UDR Inc	Pair Corr
0.77	GROY	Gold Royalty Corp	Pair Corr
0.72	CLKXF	TWC Enterprises	Pair Corr
0.81	APPM	Apparel Manufacturing	Pair Corr

Moving against KeyCorp Preferred Stock

0.62	PTAIF	PT Astra International	Pair Corr
0.47	CART	Maplebear	Pair Corr
0.46	FHLD	Freedom Holdings	Pair Corr
0.42	PIFMY	Indofood Sukses Makmur	Pair Corr
0.75	LPTV	Loop Media	Pair Corr
0.64	FATBB	FAT Brands	Pair Corr
0.41	NSTM	Hollywood Media	Pair Corr
0.39	LADX	LadRx	Pair Corr

Related Correlations Analysis

	RF	BAP	HBAN	CFG	BCH	FCNCA	FITB
RF		0.85	0.94	0.97	0.8	0.82	0.98	RF
BAP	0.85		0.74	0.92	0.96	0.58	0.92	BAP
HBAN	0.94	0.74		0.91	0.65	0.91	0.91	HBAN
CFG	0.97	0.92	0.91		0.88	0.77	0.99	CFG
BCH	0.8	0.96	0.65	0.88		0.44	0.86	BCH
FCNCA	0.82	0.58	0.91	0.77	0.44		0.77	FCNCA
FITB	0.98	0.92	0.91	0.99	0.86	0.77		FITB
	RF	BAP	HBAN	CFG	BCH	FCNCA	FITB

Risk-Adjusted Indicators

There is a big difference between KeyCorp Preferred Stock performing well and KeyCorp 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 KeyCorp'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
RF	1.11	0.21	0.15	0.25	1.08	(1.21)	3.11	(2.63)	6.55
BAP	1.33	0.38	0.22	0.76	1.29	(1.57)	2.58	(2.35)	8.60
HBAN	1.29	0.10	0.05	0.17	1.74	(1.30)	3.38	(2.69)	10.36
CFG	1.19	0.27	0.21	0.28	0.97	(1.39)	2.99	(1.86)	9.61
BCH	1.35	0.24	0.11	0.41	1.85	(1.38)	2.72	(3.49)	8.66
FCNCA	1.15	0.08	0.04	0.14	1.95	(1.16)	2.66	(2.55)	12.82
FITB	1.17	0.27	0.20	0.32	1.00	(1.41)	2.76	(2.15)	9.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in KeyCorp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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KeyCorp Corporate Management

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