Bank Of Correlations
| BONY34 Stock | BRL 286.16 1.86 0.65% |
The correlation of Bank Of 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank Of moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Bank of moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between The Bank of and NYA is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Bank of and NYA in the same portfolio, assuming nothing else is changed.
Bank |
The ability to find closely correlated positions to Bank Of could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank Of 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 Bank Of - 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 The Bank of to buy it.
Moving together with Bank Stock
Moving against Bank Stock
| 0.75 | BPAC5 | Banco BTG Pactual | PairCorr |
| 0.66 | BPAC3 | Banco BTG Pactual | PairCorr |
| 0.48 | SNEC34 | Sony Group | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Bank Stock performing well and Bank Of 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 Bank Of'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| T1TW34 | 1.38 | (0.19) | 0.00 | (0.24) | 0.00 | 2.28 | 11.95 | |||
| A1TH34 | 1.07 | 0.17 | 0.04 | (0.76) | 1.14 | 3.15 | 12.25 | |||
| GPIV33 | 1.67 | 0.42 | 0.18 | 0.57 | 1.53 | 4.17 | 9.95 | |||
| MUTC34 | 2.47 | 0.58 | 0.14 | (0.39) | 2.72 | 6.27 | 24.99 | |||
| Z1OM34 | 1.52 | (0.03) | 0.00 | 0.12 | 0.00 | 3.73 | 14.63 | |||
| SSFO34 | 1.34 | (0.04) | 0.00 | (0.15) | 0.00 | 2.83 | 10.65 | |||
| TSMC34 | 1.85 | 0.40 | 0.14 | (0.67) | 1.82 | 4.61 | 13.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bank Of 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?
Run Portfolio Backtesting Now
Portfolio BacktestingAvoid under-diversification and over-optimization by backtesting your portfolios |
| All Next | Launch Module |
Bank Of Corporate Management
Elected by the shareholders, the Bank Of's board of directors comprises two types of representatives: Bank Of inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bank. The board's role is to monitor Bank Of's management team and ensure that shareholders' interests are well served. Bank Of'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, Bank Of's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jolen Anderson | EVP HR | Profile | |
| Marius Merz | Head Relations | Profile | |
| John Roy | Exec Treasury | Profile | |
| Natalie Sunderland | Global Communications | Profile | |
| Jane McCarthy | Sr Counsel | Profile | |
| Robin Vince | CEO Pres | Profile | |
| Emily Portney | EVP CFO | Profile |
Already Invested in The Bank of?
The danger of trading The Bank of is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bank Of is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bank Of. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile The Bank is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Bank of. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the The Bank information on this page should be used as a complementary analysis to other Bank Of's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Bank Stock analysis
When running Bank Of's price analysis, check to measure Bank Of's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank Of is operating at the current time. Most of Bank Of's value examination focuses on studying past and present price action to predict the probability of Bank Of's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank Of's price. Additionally, you may evaluate how the addition of Bank Of to your portfolios can decrease your overall portfolio volatility.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Stocks Directory Find actively traded stocks across global markets | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| CEOs Directory Screen CEOs from public companies around the world |