Grupo Aval Correlations

AVAL Stock

USD 2.06 0.03 1.48%

The current 90-days correlation between Grupo Aval and Foreign Trade Bank is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grupo Aval moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Aval moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Grupo Aval Correlation With Market

Weak diversification

The correlation between Grupo Aval and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Aval and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Grupo Aval. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Grupo Stock please use our How to buy in Grupo Stock guide.

Moving against Grupo Stock

0.58	TECTP	Tectonic Financial	Pair Corr
0.53	CFG-PE	Citizens Financial	Pair Corr
0.52	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.52	TFC-PO	Truist Financial	Pair Corr
0.5	TFC-PR	Truist Financial	Pair Corr
0.49	TFC-PI	Truist Financial	Pair Corr
0.48	VABK	Virginia National	Pair Corr
0.46	EBTC	Enterprise Bancorp	Pair Corr
0.46	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.45	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.45	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.37	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.35	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.35	ECBK	ECB Bancorp	Pair Corr
0.73	TFINP	Triumph Financial	Pair Corr
0.63	EVBN	Evans Bancorp	Pair Corr
0.58	WAFDP	Washington Federal	Pair Corr
0.55	KEY-PK	KeyCorp	Pair Corr
0.53	KEY-PJ	KeyCorp	Pair Corr
0.53	BANC-PF	Banc of California	Pair Corr
0.5	WSBCP	WesBanco	Pair Corr
0.46	KEY-PI	KeyCorp	Pair Corr
0.45	WAFD	Washington Federal Fiscal Year End 15th of October 2024	Pair Corr
0.43	KEY-PL	KeyCorp	Pair Corr
0.39	WMPN	William Penn Bancorp	Pair Corr
0.38	WNEB	Western New England Fiscal Year End 28th of January 2025	Pair Corr
0.35	WASH	Washington Trust Bancorp Normal Trading	Pair Corr

Related Correlations Analysis

	BCH	BSAC	BAP	BLX	CIB	BBDO	BSBR	AFBI	BAFN	BCAL
BCH		0.84	0.68	0.37	0.3	0.84	0.92	0.52	0.84	0.51	BCH
BSAC	0.84		0.78	0.66	0.5	0.55	0.68	0.41	0.8	0.6	BSAC
BAP	0.68	0.78		0.76	0.15	0.49	0.62	0.7	0.75	0.62	BAP
BLX	0.37	0.66	0.76		0.4	0.02	0.22	0.38	0.53	0.61	BLX
CIB	0.3	0.5	0.15	0.4		-0.05	0.06	-0.16	0.16	0.08	CIB
BBDO	0.84	0.55	0.49	0.02	-0.05		0.94	0.5	0.69	0.26	BBDO
BSBR	0.92	0.68	0.62	0.22	0.06	0.94		0.6	0.79	0.41	BSBR
AFBI	0.52	0.41	0.7	0.38	-0.16	0.5	0.6		0.57	0.48	AFBI
BAFN	0.84	0.8	0.75	0.53	0.16	0.69	0.79	0.57		0.76	BAFN
BCAL	0.51	0.6	0.62	0.61	0.08	0.26	0.41	0.48	0.76		BCAL
	BCH	BSAC	BAP	BLX	CIB	BBDO	BSBR	AFBI	BAFN	BCAL

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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

BSBR	+ 0.94	BBDO
BSBR	+ 0.92	BCH
BSAC	+ 0.84	BCH
BBDO	+ 0.84	BCH
BAFN	+ 0.84	BCH
BAFN	+ 0.8	BSAC

High negative correlations

AFBI	- 0.16	CIB
BBDO	- 0.05	CIB

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Aval 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 Grupo Aval'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
BCH	0.93	0.03	(0.01)	0.16	1.13	(1.00)	1.92	(2.30)	5.40
BSAC	1.20	0.02	0.02	0.14	1.41	(1.25)	2.49	(2.67)	6.07
BAP	1.13	0.11	0.07	0.25	1.24	(1.23)	2.64	(2.25)	7.56
BLX	1.37	0.07	0.05	0.17	1.84	(1.35)	2.68	(3.93)	9.48
CIB	1.24	(0.08)	(0.06)	0.02	1.52	(1.31)	2.63	(2.26)	8.86
BBDO	1.83	0.27	0.09	1.99	1.67	(2.45)	5.07	(2.65)	13.64
BSBR	1.18	0.08	0.04	0.21	1.22	(1.44)	2.45	(2.20)	6.52
AFBI	0.30	0.02	(0.12)	0.22	0.28	(0.39)	0.94	(0.70)	2.89
BAFN	1.39	0.17	0.07	0.47	1.18	(1.92)	5.58	(2.13)	10.26
BCAL	1.13	0.02	0.02	0.13	1.44	(1.33)	2.79	(2.60)	10.12

Grupo Aval Corporate Executives

Elected by the shareholders, the Grupo Aval's board of directors comprises two types of representatives: Grupo Aval inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grupo. The board's role is to monitor Grupo Aval's management team and ensure that shareholders' interests are well served. Grupo Aval'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, Grupo Aval's outside directors are responsible for providing unbiased perspectives on the board's policies.

Diego Saravia

Chief Financial Officer

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