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.
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

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  0.9DB Deutsche Bank AG Normal TradingPairCorr
  0.97KB KB Financial GroupPairCorr
  0.84RF Regions FinancialPairCorr
  0.91WF Woori Financial GroupPairCorr
  0.73VBTX Veritex HoldingsPairCorr
  0.83TECTP Tectonic FinancialPairCorr
  0.72TFC-PO Truist FinancialPairCorr
  0.71EBTC Enterprise BancorpPairCorr
  0.7EFSC Enterprise FinancialPairCorr
  0.69KEY-PK KeyCorpPairCorr
  0.87KEY-PL KeyCorpPairCorr
  0.81BANC-PF Banc of CaliforniaPairCorr
  0.81TFINP Triumph FinancialPairCorr
  0.86WSBCP WesBancoPairCorr
  0.94WSBF Waterstone FinancialPairCorr

Moving against Credicorp Stock

  0.74TFC-PI Truist FinancialPairCorr
  0.47ECBK ECB BancorpPairCorr
  0.37EBMT Eagle Bancorp MontanaPairCorr
  0.41WSBK 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.