Grupo Aval Correlations
| AVAL Stock | USD 2.95 0.07 2.43% |
The current 90-days correlation between Grupo Aval and Bancolombia SA ADR is 0.36 (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
Average diversification
The correlation between Grupo Aval and DJI is 0.14 (i.e., Average 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.
Moving together with Grupo Stock
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| 0.62 | BY | Byline Bancorp Earnings Call Today | PairCorr |
| 0.76 | KB | KB Financial Group | PairCorr |
| 0.63 | PB | Prosperity Bancshares | PairCorr |
| 0.78 | RF | Regions Financial Normal Trading | PairCorr |
| 0.75 | WF | Woori Financial Group | PairCorr |
| 0.75 | VBTX | Veritex Holdings | PairCorr |
| 0.78 | TECTP | Tectonic Financial | PairCorr |
| 0.74 | TFC-PO | Truist Financial | PairCorr |
| 0.64 | CFG-PE | Citizens Financial | PairCorr |
| 0.72 | EFSC | Enterprise Financial | PairCorr |
| 0.78 | KEY-PL | KeyCorp | PairCorr |
| 0.75 | BANC-PF | Banc of California | PairCorr |
| 0.72 | TFINP | Triumph Financial | PairCorr |
| 0.78 | EWBC | East West Bancorp | PairCorr |
| 0.78 | WSBCP | WesBanco | PairCorr |
| 0.71 | WSBC | WesBanco Earnings Call This Week | PairCorr |
Moving against Grupo Stock
Related Correlations Analysis
| -0.22 | 0.74 | 0.17 | 0.79 | 0.19 | CIB | ||
| -0.22 | 0.11 | 0.8 | 0.1 | 0.66 | BCH | ||
| 0.74 | 0.11 | 0.44 | 0.84 | 0.66 | BBDO | ||
| 0.17 | 0.8 | 0.44 | 0.46 | 0.77 | BSAC | ||
| 0.79 | 0.1 | 0.84 | 0.46 | 0.55 | IFS | ||
| 0.19 | 0.66 | 0.66 | 0.77 | 0.55 | BSBR | ||
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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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CIB | 1.27 | 0.18 | 0.00 | 1.76 | 1.15 | 3.54 | 8.03 | |||
| BCH | 0.96 | (0.01) | (0.16) | 0.14 | 1.02 | 2.97 | 5.75 | |||
| BBDO | 1.86 | 0.28 | 0.05 | 1.35 | 2.08 | 3.94 | 19.42 | |||
| BSAC | 1.02 | 0.01 | (0.10) | 0.23 | 1.18 | 2.65 | 5.67 | |||
| IFS | 1.16 | 0.17 | 0.07 | 0.50 | 0.96 | 2.69 | 7.67 | |||
| BSBR | 1.45 | 0.00 | (0.05) | 0.22 | 1.75 | 3.51 | 11.74 |
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 | Profile |