Standard Bank Correlations
| SBK Stock | 21,940 28.00 0.13% |
The current 90-days correlation between Standard Bank Group and ABSA Bank Limited is 0.13 (i.e., Average diversification). The correlation of Standard Bank 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.
Standard Bank Correlation With Market
Good diversification
The correlation between Standard Bank Group and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Standard Bank Group and DJI in the same portfolio, assuming nothing else is changed.
Standard |
The ability to find closely correlated positions to Standard Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Standard Bank 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 Standard Bank - 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 Standard Bank Group to buy it.
Moving together with Standard Stock
| 0.8 | CPI | Capitec Bank Holdings | PairCorr |
| 0.81 | NED | Nedbank Group | PairCorr |
| 0.91 | INL | Investec | PairCorr |
| 0.65 | SOL | Sasol | PairCorr |
| 0.78 | IMP | Impala Platinum Holdings | PairCorr |
| 0.78 | SSW | Sibanye Stillwater | PairCorr |
| 0.7 | BHG | BHP Group Limited | PairCorr |
Moving against Standard Stock
| 0.85 | CPIP | Capitec Bank Holdings | PairCorr |
| 0.79 | ABG | Absa Group | PairCorr |
| 0.67 | MTN | MTN Group | PairCorr |
| 0.58 | RMH | RMB Holdings | PairCorr |
| 0.46 | AGL | Anglo American PLC | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Standard Stock performing well and Standard Bank 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 Standard Bank'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABSP | 0.50 | (0.02) | (0.13) | (0.06) | 0.68 | 1.15 | 3.91 | |||
| CPI | 0.77 | (0.12) | 0.00 | (5.31) | 0.00 | 1.61 | 4.45 | |||
| SBK | 0.86 | (0.11) | 0.00 | 0.77 | 0.00 | 1.98 | 4.92 | |||
| CPIP | 0.01 | (0.01) | 0.00 | 2.13 | 0.00 | 0.00 | 0.29 | |||
| ABG | 0.93 | 0.20 | 0.10 | (1.91) | 0.74 | 2.20 | 9.59 | |||
| NED | 1.00 | (0.08) | 0.00 | 2.90 | 0.00 | 2.02 | 8.18 | |||
| INL | 0.96 | (0.16) | 0.00 | (83.73) | 0.00 | 1.91 | 5.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Standard Bank 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.Did you try this?
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Standard Bank Corporate Management
Elected by the shareholders, the Standard Bank's board of directors comprises two types of representatives: Standard Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Standard. The board's role is to monitor Standard Bank's management team and ensure that shareholders' interests are well served. Standard Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Standard Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sarah RivettCarnac | Head Relations | Profile | |
| Alan BedfordShaw | Head Devel | Profile | |
| Sharon Taylor | Chief Officer | Profile | |
| Lungisa Fuzile | Chief Africa | Profile | |
| Funeka Montjane | Chief Clients | Profile | |
| AMP BA | Group Director | Profile | |
| AMP BSc | Financial Officer | Profile |