KeyCorp Correlations

KEY-PJ Preferred Stock

USD 21.30 0.02 0.09%

The current 90-days correlation between KeyCorp and Regions Financial is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KeyCorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KeyCorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

KeyCorp Correlation With Market

Average diversification

The correlation between KeyCorp and DJI is 0.11 (i.e., Average 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

0.83

USB-PH

US Bancorp

Pair Corr

Moving against KeyCorp Preferred Stock

0.77	CIHKY	China Merchants Bank Normal Trading	Pair Corr
0.74	HYMTF	Hyundai Motor	Pair Corr
0.7	CIHHF	China Merchants Bank	Pair Corr
0.69	BBDC4	Banco Bradesco SA	Pair Corr
0.68	BRK-B	Berkshire Hathaway	Pair Corr
0.65	MFG	Mizuho Financial	Pair Corr
0.41	HDB	HDFC Bank Limited	Pair Corr
0.39	BRK-A	Berkshire Hathaway	Pair Corr
0.38	FITBP	Fifth Third Bancorp	Pair Corr
0.34	BBAS3	Banco do Brasil	Pair Corr
0.89	DNLMY	Dunelm Group PLC	Pair Corr
0.86	KYOCF	Kyocera	Pair Corr
0.83	REGN	Regeneron Pharmaceuticals	Pair Corr
0.81	TEO	Telecom Argentina	Pair Corr
0.72	HL	Hecla Mining	Pair Corr
0.68	EGP	EastGroup Properties	Pair Corr
0.61	STAG	STAG Industrial	Pair Corr
0.5	NOEM	CO2 Energy Transition	Pair Corr
0.47	SMGKF	Smiths Group plc	Pair Corr
0.36	HE	Hawaiian Electric	Pair Corr
0.32	EFTR	Effector Therapeutics	Pair Corr
0.9	APGE	Apogee Therapeutics,	Pair Corr
0.81	SHIP	Seanergy Maritime	Pair Corr
0.76	AKAM	Akamai Technologies	Pair Corr
0.74	CHACR	Crane Harbor Acquisition	Pair Corr
0.69	PHAR	Pharming Group NV	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	RF	BAP	HBAN	BCH	CFG	FITB	FCNCA
RF		0.89	0.97	0.35	0.95	0.98	0.87	RF
BAP	0.89		0.85	0.4	0.89	0.93	0.87	BAP
HBAN	0.97	0.85		0.18	0.88	0.95	0.78	HBAN
BCH	0.35	0.4	0.18		0.59	0.39	0.7	BCH
CFG	0.95	0.89	0.88	0.59		0.96	0.96	CFG
FITB	0.98	0.93	0.95	0.39	0.96		0.9	FITB
FCNCA	0.87	0.87	0.78	0.7	0.96	0.9		FCNCA
	RF	BAP	HBAN	BCH	CFG	FITB	FCNCA

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	1.03	(0.04)	0.00	0.05	1.56	(1.05)	2.47	(2.03)	8.07
BAP	1.08	0.09	0.06	0.19	1.17	(1.21)	2.46	(1.93)	7.43
HBAN	1.10	(0.06)	(0.02)	0.03	1.81	(1.03)	2.79	(2.70)	7.96
BCH	1.10	0.31	0.16	0.59	1.38	(1.15)	2.65	(2.55)	7.32
CFG	1.16	0.08	0.06	0.12	1.77	(1.20)	2.65	(2.11)	9.49
FITB	1.03	(0.01)	0.01	0.07	1.64	(1.11)	2.74	(1.78)	8.83
FCNCA	1.21	0.15	0.09	0.20	1.62	(1.31)	3.01	(2.84)	9.30

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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