Standard Bank Correlations

SGBLY Stock

USD 13.54 0.17 1.24%

The current 90-days correlation between Standard Bank Group and Kasikornbank Public Co is -0.14 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Standard Bank Correlation With Market

Significant diversification

The correlation between Standard Bank Group and DJI is 0.07 (i.e., Significant 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.

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 against Standard Pink Sheet

0.45	BBDC4	Banco Bradesco SA	Pair Corr
0.44	BBAS3	Banco do Brasil	Pair Corr
0.5	AMIX	Autonomix Medical, Common	Pair Corr
0.32	VNTN	VentureNet Capital	Pair Corr

Related Correlations Analysis

	PBCRY	NDBKY	KPCPY	KBCSY	PPERY	BKRKY	EGFEF	TYCB	NACB
PBCRY		0.67	0.56	0.43	0.82	0.72	0.42	0.24	-0.74	PBCRY
NDBKY	0.67		0.37	0.32	0.27	0.17	-0.19	0.47	-0.3	NDBKY
KPCPY	0.56	0.37		0.35	0.63	0.56	0.32	0.28	-0.4	KPCPY
KBCSY	0.43	0.32	0.35		0.51	0.61	0.51	-0.15	-0.34	KBCSY
PPERY	0.82	0.27	0.63	0.51		0.94	0.77	-0.01	-0.78	PPERY
BKRKY	0.72	0.17	0.56	0.61	0.94		0.85	-0.17	-0.74	BKRKY
EGFEF	0.42	-0.19	0.32	0.51	0.77	0.85		-0.33	-0.65	EGFEF
TYCB	0.24	0.47	0.28	-0.15	-0.01	-0.17	-0.33		-0.12	TYCB
NACB	-0.74	-0.3	-0.4	-0.34	-0.78	-0.74	-0.65	-0.12		NACB
	PBCRY	NDBKY	KPCPY	KBCSY	PPERY	BKRKY	EGFEF	TYCB	NACB

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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

BKRKY	+ 0.94	PPERY
EGFEF	+ 0.85	BKRKY
PPERY	+ 0.82	PBCRY
EGFEF	+ 0.77	PPERY
BKRKY	+ 0.72	PBCRY
NDBKY	+ 0.67	PBCRY

High negative correlations

NACB	- 0.78	PPERY
NACB	- 0.74	BKRKY
NACB	- 0.74	PBCRY
NACB	- 0.65	EGFEF
NACB	- 0.4	KPCPY
NACB	- 0.34	KBCSY

Risk-Adjusted Indicators

There is a big difference between Standard Pink Sheet 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
PBCRY	1.19	(0.12)	0.00	(0.27)	0.00	0.00	2.74	(2.25)	7.04
NDBKY	1.25	0.02	(0.06)	1.16	1.55	(1.20)	2.65	(2.51)	6.21
KPCPY	2.49	0.00	(0.01)	0.12	3.43	(2.43)	5.29	(5.92)	15.52
KBCSY	1.05	(0.12)	0.00	(0.25)	0.00	0.00	2.22	(2.02)	5.93
PPERY	1.31	(0.25)	0.00	(0.39)	0.00	0.00	2.71	(2.52)	9.06
BKRKY	1.43	(0.22)	0.00	2.48	0.00	0.00	2.68	(2.80)	8.91
EGFEF	0.26	(0.13)	0.00	(1.39)	0.00	0.00	0.00	(1.40)	4.22
TYCB	0.51	0.06	0.00	(0.41)	0.00	0.00	1.27	(0.79)	9.93
NACB	2.08	0.78	0.12	11.81	1.78	(2.91)	6.67	(5.41)	23.00

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.

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Standard Bank Corporate Management

Sarah RivettCarnac	IR Contact Officer	Profile
Sharon Taylor	Group Head - Human Capital	Profile
Alan BedfordShaw	Head Devel	Profile
Lungisa Fuzile	Chief Executive of The Standard Bank of South Africa Limited	Profile
Funeka Montjane	Chief Executive, PBB South Africa	Profile
Margaret Nienaber	Chief Executive, Wealth	Profile
AMP BSc	Financial Officer	Profile

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