BANKINTER ADR Correlations

Stocks . Germany . 
Stock . BANKINTER ADR 2007
BAK Stock   12.50  0.10  0.81%   
The current 90-days correlation between BANKINTER ADR 2007 and New Residential Investment is -0.02 (i.e., Good diversification). The correlation of BANKINTER ADR 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.

BANKINTER ADR Correlation With Market

Good diversification

The correlation between BANKINTER ADR 2007 and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BANKINTER ADR 2007 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to BANKINTER ADR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BANKINTER ADR 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 BANKINTER ADR - 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 BANKINTER ADR 2007 to buy it.

Moving together with BANKINTER Stock

  0.69APC Apple IncPairCorr
  0.69APC Apple IncPairCorr
  0.7APC Apple IncPairCorr
  0.71APC Apple IncPairCorr
  0.73APC Apple IncPairCorr
  0.68APC Apple IncPairCorr
  0.73MSF MicrosoftPairCorr
  0.74MSF MicrosoftPairCorr
  0.73MSF MicrosoftPairCorr
  0.72MSF MicrosoftPairCorr
  0.74PZX Ping An InsurancePairCorr

Moving against BANKINTER Stock

  0.46E908 Lyxor 1PairCorr

Related Correlations Analysis


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

5NU
+ 0.88
14N1
PIJ
+ 0.83
14N1
GUG
+ 0.75
UTDI
EV9
+ 0.75
UTDI
UTDI
+ 0.7
5NU
PIJ
+ 0.67
5NU
  

High negative correlations

PIJ
- 0.3
NU42

Risk-Adjusted Indicators

There is a big difference between BANKINTER Stock performing well and BANKINTER ADR 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 BANKINTER ADR'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.

BANKINTER ADR Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BANKINTER ADR stock to make a market-neutral strategy. Peer analysis of BANKINTER ADR could also be used in its relative valuation, which is a method of valuing BANKINTER ADR by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY