KeyCorp Correlations

Preferred Stocks . USA . 
Preferred Stock . KeyCorp
KEY-PI Preferred Stock  USD 25.24  0.03  0.12%   
The current 90-days correlation between KeyCorp and Regions Financial is 0.03 (i.e., Significant 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

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  0.9RBA RB Global Earnings Call Next WeekPairCorr
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  0.89TFII TFI InternationalPairCorr
  0.68AMBR Amber International Symbol ChangePairCorr
  0.83DCOM Dime Community BancsharesPairCorr
  0.86RKLIF Rentokil Initial plcPairCorr
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  0.65DRRSF Arianne PhosphatePairCorr
  0.88UNF UnifirstPairCorr
  0.85HL Hecla Mining Earnings Call This WeekPairCorr
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  0.86MIELY Mitsubishi Electric CorpPairCorr
  0.85UDR UDR IncPairCorr
  0.79GROY Gold Royalty CorpPairCorr
  0.72CLKXF TWC EnterprisesPairCorr
  0.81APPM Apparel ManufacturingPairCorr

Moving against KeyCorp Preferred Stock

  0.67PTAIF PT Astra InternationalPairCorr
  0.49PIFMY Indofood Sukses MakmurPairCorr
  0.48FHLD Freedom HoldingsPairCorr
  0.32CART Maplebear Earnings Call TomorrowPairCorr
  0.78LPTV Loop MediaPairCorr
  0.74FATBB FAT BrandsPairCorr
  0.44LADX LadRxPairCorr
  0.38NSTM Hollywood MediaPairCorr

Related Correlations Analysis


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.

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

Angela MagoPres BankingProfile
James JDGen SecProfile
Brian FishelChief OfficerProfile
Vernon PattersonEx RelationsProfile
Susan DonlanChief OfficerProfile
Amy BradyChief OfficerProfile
Douglas CPAChief OfficerProfile
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