BBVA Banco Correlations

BBAR Stock

USD 14.10 0.39 2.84%

The current 90-days correlation between BBVA Banco Frances and Banco Macro SA is 0.88 (i.e., Very poor diversification). The correlation of BBVA Banco 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.

BBVA Banco Correlation With Market

Modest diversification

The correlation between BBVA Banco Frances and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BBVA Banco Frances 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 BBVA Banco Frances. 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.

Moving together with BBVA Stock

0.69	DB	Deutsche Bank AG	Pair Corr
0.67	NU	Nu Holdings	Pair Corr
0.68	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.78	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.61	VABK	Virginia National	Pair Corr
0.83	VBNK	VersaBank Normal Trading	Pair Corr
0.79	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.77	TECTP	Tectonic Financial Normal Trading	Pair Corr
0.8	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.75	EBTC	Enterprise Bancorp	Pair Corr
0.74	ECBK	ECB Bancorp	Pair Corr
0.78	CFG-PH	Citizens Financial Group,	Pair Corr
0.63	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.87	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.74	KEY-PI	KeyCorp	Pair Corr
0.8	KEY-PJ	KeyCorp Normal Trading	Pair Corr
0.81	KEY-PK	KeyCorp	Pair Corr
0.82	KEY-PL	KeyCorp	Pair Corr
0.83	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.75	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.67	WAFDP	Washington Federal	Pair Corr
0.7	ESSA	ESSA Bancorp	Pair Corr
0.68	TFINP	Triumph Financial	Pair Corr
0.78	EVBN	Evans Bancorp	Pair Corr
0.83	WSBCP	WesBanco	Pair Corr

Moving against BBVA Stock

0.63	FRCIL	First Republic Bank	Pair Corr
0.61	FRCCL	First Republic Bank	Pair Corr
0.61	FRCHL	First Republic Bank	Pair Corr
0.61	FRCKL	First Republic Bank	Pair Corr
0.6	FRCLL	First Republic Bank	Pair Corr

Related Correlations Analysis

	BMA	GGAL	BBD	ITUB	SUPV	AFBI	BAFN	BCAL	BSAC	BCML
BMA		0.98	-0.23	-0.16	0.89	0.58	0.01	-0.17	0.15	0.86	BMA
GGAL	0.98		-0.24	-0.21	0.88	0.55	0.06	-0.13	0.17	0.88	GGAL
BBD	-0.23	-0.24		0.78	-0.14	-0.08	0.31	0.01	0.46	-0.27	BBD
ITUB	-0.16	-0.21	0.78		-0.01	0.26	0.36	0.31	0.63	-0.19	ITUB
SUPV	0.89	0.88	-0.14	-0.01		0.56	0.11	0.04	0.21	0.73	SUPV
AFBI	0.58	0.55	-0.08	0.26	0.56		0.21	0.29	0.14	0.51	AFBI
BAFN	0.01	0.06	0.31	0.36	0.11	0.21		0.56	0.37	0.2	BAFN
BCAL	-0.17	-0.13	0.01	0.31	0.04	0.29	0.56		0.27	0.06	BCAL
BSAC	0.15	0.17	0.46	0.63	0.21	0.14	0.37	0.27		0.27	BSAC
BCML	0.86	0.88	-0.27	-0.19	0.73	0.51	0.2	0.06	0.27		BCML
	BMA	GGAL	BBD	ITUB	SUPV	AFBI	BAFN	BCAL	BSAC	BCML

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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

GGAL	+ 0.98	BMA
SUPV	+ 0.89	BMA
SUPV	+ 0.88	GGAL
BCML	+ 0.88	GGAL
BCML	+ 0.86	BMA
ITUB	+ 0.78	BBD

High negative correlations

BCML	- 0.27	BBD
BBD	- 0.24	GGAL
BBD	- 0.23	BMA
ITUB	- 0.21	GGAL
BCML	- 0.19	ITUB
BCAL	- 0.17	BMA

Risk-Adjusted Indicators

There is a big difference between BBVA Stock performing well and BBVA Banco 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 BBVA Banco'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
BMA	2.61	0.64	0.25	0.56	2.36	(3.10)	6.11	(3.65)	15.24
GGAL	2.34	0.87	0.49	0.64	1.09	(2.79)	5.43	(2.57)	18.14
BBD	1.50	(0.05)	(0.04)	0.06	1.76	(1.70)	3.76	(2.83)	10.72
ITUB	1.24	0.07	0.02	0.24	1.44	(1.37)	3.45	(2.89)	7.27
SUPV	2.51	0.54	0.23	0.45	2.19	(3.02)	5.38	(4.22)	20.03
AFBI	0.25	0.04	(0.18)	0.51	0.16	(0.36)	0.66	(0.42)	2.86
BAFN	1.52	0.11	(0.03)	(0.26)	1.46	(2.09)	5.23	(2.59)	10.06
BCAL	0.83	(0.02)	(0.03)	0.10	0.83	(1.01)	2.12	(1.62)	6.56
BSAC	1.11	(0.04)	(0.03)	0.08	1.38	(1.13)	2.36	(2.27)	6.65
BCML	1.34	0.11	0.11	0.21	1.05	(1.73)	2.90	(2.14)	8.91

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