Credicorp Correlations

BAP Stock  USD 237.12  0.12  0.05%   
The current 90-days correlation between Credicorp and Banco Santander Chile is 0.43 (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

Modest diversification

The correlation between Credicorp and DJI is 0.24 (i.e., Modest 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

  0.84AX Axos Financial Earnings Call This WeekPairCorr
  0.97KB KB Financial GroupPairCorr
  0.84RF Regions Financial Normal TradingPairCorr
  0.91WF Woori Financial GroupPairCorr
  0.73VBTX Veritex HoldingsPairCorr
  0.83TECTP Tectonic FinancialPairCorr
  0.73TFC-PO Truist FinancialPairCorr
  0.69EBTC Enterprise BancorpPairCorr
  0.61CFG-PE Citizens FinancialPairCorr
  0.72EFSC Enterprise FinancialPairCorr
  0.7KEY-PK KeyCorpPairCorr
  0.88KEY-PL KeyCorpPairCorr
  0.8BANC-PF Banc of CaliforniaPairCorr
  0.62ESSA ESSA Bancorp Earnings Call This WeekPairCorr
  0.81TFINP Triumph FinancialPairCorr
  0.84EWBC East West BancorpPairCorr
  0.87WSBCP WesBancoPairCorr
  0.72WSBC WesBanco Earnings Call This WeekPairCorr

Moving against Credicorp Stock

  0.69TFC-PI Truist FinancialPairCorr
  0.45ECBK ECB BancorpPairCorr
  0.32EBMT Eagle Bancorp Montana Downward RallyPairCorr
  0.4WSBK Winchester Bancorp,PairCorr

Related Correlations Analysis

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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   
CIBMGYR
BBDOMGYR
NKSHHFWA
CIBNKSH
BCHBSAC
NKSHMGYR
  
High negative correlations   
BCHNKSH
BCHCIB
BCHHFBL
BCHMGYR
BCHAVAL
BCHHFWA

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HFWA  1.32 (0.23)(0.06) 0.08  1.77 
 2.90 
 7.61 
HFBL  1.53 (0.06)(0.09) 0.06  1.82 
 3.12 
 11.15 
MGYR  1.02  0.24  0.05  1.13  0.90 
 2.41 
 4.89 
NKSH  1.49 (0.03) 0.02  0.21  1.44 
 3.91 
 8.86 
BSAC  1.02 (0.05)(0.14) 0.12  1.18 
 2.65 
 5.67 
CIB  1.27  0.11 (0.04) 0.59  1.23 
 3.54 
 8.03 
BBDO  1.86  0.44  0.04 (0.67) 2.08 
 3.94 
 19.42 
BSBR  1.47 (0.07)(0.08) 0.13  1.75 
 3.51 
 11.74 
AVAL  1.40  0.18 (0.02) 2.86  1.54 
 3.35 
 10.18 
BCH  0.95 (0.10) 0.00 (0.05) 0.00 
 2.97 
 5.75