Bank of Greece Correlations
| TELL Stock | EUR 14.15 0.10 0.71% |
The correlation of Bank of Greece 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 Greece moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Greece 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.
Modest diversification
The correlation between Bank of Greece and NYA is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of Greece and NYA in the same portfolio, assuming nothing else is changed.
Bank |
The ability to find closely correlated positions to Bank of Greece 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 Greece 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 Greece - 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 Bank of Greece to buy it.
Moving together with Bank Stock
Moving against Bank Stock
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 Bank Stock performing well and Bank of Greece 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 Greece'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INLIF | 0.83 | (0.03) | 0.00 | (0.09) | 0.00 | 1.98 | 3.88 | |||
| FOODL | 1.51 | (0.23) | 0.00 | (0.19) | 0.00 | 5.26 | 10.53 | |||
| GEBKA | 1.31 | (0.16) | 0.00 | (0.17) | 0.00 | 2.94 | 9.29 | |||
| ELTON | 1.22 | (0.20) | 0.00 | (0.12) | 0.00 | 2.21 | 13.16 | |||
| SATOK | 3.13 | 0.79 | 0.08 | (0.64) | 3.26 | 9.76 | 20.00 | |||
| TATT | 0.96 | (0.02) | (0.04) | 0.02 | 1.18 | 2.28 | 6.25 | |||
| OLYMP | 1.16 | 0.04 | 0.00 | 0.16 | 1.33 | 2.76 | 8.15 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bank of Greece 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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Already Invested in Bank of Greece?
The danger of trading Bank of Greece 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 Greece 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 Greece. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bank of Greece 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Bank of Greece. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Bank Stock analysis
When running Bank of Greece's price analysis, check to measure Bank of Greece'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 Greece is operating at the current time. Most of Bank of Greece's value examination focuses on studying past and present price action to predict the probability of Bank of Greece'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 Greece's price. Additionally, you may evaluate how the addition of Bank of Greece to your portfolios can decrease your overall portfolio volatility.
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