Credicorp Correlations
BAP Stock | USD 235.85 1.27 0.54% |
The current 90-days correlation between Credicorp and JPMorgan Chase Co is 0.25 (i.e., Modest diversification). The correlation of Credicorp 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Credicorp Correlation With Market
Average diversification
The correlation between Credicorp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credicorp and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Credicorp Stock
0.84 | AX | Axos Financial Earnings Call Tomorrow | PairCorr |
0.9 | DB | Deutsche Bank AG Normal Trading | PairCorr |
0.97 | KB | KB Financial Group | PairCorr |
0.84 | RF | Regions Financial | PairCorr |
0.91 | WF | Woori Financial Group | PairCorr |
0.73 | VBTX | Veritex Holdings | PairCorr |
0.83 | TECTP | Tectonic Financial | PairCorr |
0.72 | TFC-PO | Truist Financial | PairCorr |
0.71 | EBTC | Enterprise Bancorp | PairCorr |
0.7 | EFSC | Enterprise Financial | PairCorr |
0.69 | KEY-PK | KeyCorp | PairCorr |
0.87 | KEY-PL | KeyCorp | PairCorr |
0.81 | BANC-PF | Banc of California | PairCorr |
0.81 | TFINP | Triumph Financial | PairCorr |
0.86 | WSBCP | WesBanco | PairCorr |
0.94 | WSBF | Waterstone Financial | PairCorr |
Moving against Credicorp Stock
0.74 | TFC-PI | Truist Financial | PairCorr |
0.47 | ECBK | ECB Bancorp | PairCorr |
0.37 | EBMT | Eagle Bancorp Montana | PairCorr |
0.41 | WSBK | Winchester Bancorp, | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Credicorp Stock performing well and Credicorp 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 Credicorp'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
JPM | 0.83 | 0.17 | 0.16 | 0.37 | 0.53 | 2.04 | 5.90 | |||
C | 1.14 | 0.34 | 0.37 | 0.44 | 0.48 | 3.41 | 8.11 | |||
WFC | 1.10 | 0.12 | 0.11 | 0.29 | 1.11 | 2.62 | 8.83 | |||
TD | 0.58 | 0.24 | 0.17 | 1.09 | 0.00 | 1.18 | 4.55 | |||
BAC | 0.84 | 0.16 | 0.14 | 0.35 | 0.75 | 2.15 | 6.97 | |||
RY | 0.63 | 0.10 | (0.01) | 0.44 | 0.53 | 1.42 | 4.89 | |||
HSBC | 0.90 | 0.15 | 0.08 | 0.41 | 0.79 | 2.51 | 6.12 | |||
UBS | 1.23 | 0.23 | 0.15 | 0.41 | 1.20 | 2.96 | 7.33 | |||
BCS | 1.12 | 0.19 | 0.13 | 0.40 | 1.08 | 2.69 | 6.20 |