Credicorp Correlations

BAP Stock

USD 285.77 4.77 1.70%

The current 90-days correlation between Credicorp and Banco Santander Chile is 0.53 (i.e., Very weak 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

Weak diversification

The correlation between Credicorp and DJI is 0.34 (i.e., Weak 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.

Build AI portfolio with Credicorp Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credicorp. 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.

To learn how to invest in Credicorp Stock, please use our How to Invest in Credicorp guide.

Moving together with Credicorp Stock

0.79	C	Citigroup Aggressive Push	Pair Corr
0.72	RY	Royal Bank	Pair Corr
0.65	TD	Toronto Dominion Bank	Pair Corr
0.65	WF	Woori Financial Group	Pair Corr
0.88	FITB	Fifth Third Bancorp	Pair Corr
0.65	JPM	JPMorgan Chase	Pair Corr
0.65	SAN	Banco Santander SA	Pair Corr
0.63	JPM	JPMorgan Chase	Pair Corr
0.61	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.79	AMKBY	AP Moeller Maersk	Pair Corr
0.67	MLLCF	Molecular Partners	Pair Corr
0.78	ALRS	Alerus Financial Corp	Pair Corr

Moving against Credicorp Stock

0.31

601288

Agricultural Bank

Pair Corr

Related Correlations Analysis

	HFWA	HFBL	MGYR	NKSH	BSAC	CIB	BBDO	BSBR	AVAL	BCH
HFWA		0.27	0.47	0.78	0.02	-0.02	-0.16	-0.01	-0.27	0.01	HFWA
HFBL	0.27		-0.27	0.57	0.81	0.83	0.65	0.69	0.65	0.84	HFBL
MGYR	0.47	-0.27		0.26	-0.53	-0.51	-0.62	-0.57	-0.64	-0.55	MGYR
NKSH	0.78	0.57	0.26		0.43	0.41	0.13	0.29	0.18	0.42	NKSH
BSAC	0.02	0.81	-0.53	0.43		0.97	0.78	0.84	0.92	0.99	BSAC
CIB	-0.02	0.83	-0.51	0.41	0.97		0.81	0.86	0.9	0.97	CIB
BBDO	-0.16	0.65	-0.62	0.13	0.78	0.81		0.92	0.72	0.8	BBDO
BSBR	-0.01	0.69	-0.57	0.29	0.84	0.86	0.92		0.74	0.86	BSBR
AVAL	-0.27	0.65	-0.64	0.18	0.92	0.9	0.72	0.74		0.92	AVAL
BCH	0.01	0.84	-0.55	0.42	0.99	0.97	0.8	0.86	0.92		BCH
	HFWA	HFBL	MGYR	NKSH	BSAC	CIB	BBDO	BSBR	AVAL	BCH

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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

BCH	+ 0.99	BSAC
CIB	+ 0.97	BSAC
BCH	+ 0.97	CIB
AVAL	+ 0.92	BSAC
BSBR	+ 0.92	BBDO
BCH	+ 0.92	AVAL

High negative correlations

AVAL	- 0.64	MGYR
BBDO	- 0.62	MGYR
BSBR	- 0.57	MGYR
BCH	- 0.55	MGYR
BSAC	- 0.53	MGYR
CIB	- 0.51	MGYR

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
HFWA	1.21	0.05	0.04	0.10	1.65	(1.27)	3.66	(3.30)	9.45
HFBL	1.96	0.23	0.05	1.17	3.15	(1.97)	5.94	(3.72)	17.79
MGYR	0.72	0.00	0.00	0.08	0.00	0.00	1.64	(1.61)	4.09
NKSH	1.50	0.20	0.11	0.23	1.66	(1.62)	3.90	(3.41)	8.79
BSAC	0.98	0.20	0.12	0.38	1.28	(1.04)	1.87	(2.14)	7.08
CIB	1.18	0.23	0.14	0.51	1.20	(1.32)	3.18	(2.35)	7.98
BBDO	1.70	0.06	0.00	0.71	1.91	(2.00)	3.42	(3.17)	9.18
BSBR	1.52	0.06	0.03	0.11	2.03	(1.56)	2.87	(2.60)	10.32
AVAL	1.42	0.35	0.19	0.91	1.32	(1.60)	3.51	(2.62)	9.05
BCH	1.16	0.32	0.17	0.62	1.37	(1.18)	2.96	(2.55)	7.32

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