ING Group Correlations

ING Stock

USD 17.15 0.19 1.12%

The current 90-days correlation between ING Group NV and Natwest Group PLC is 0.73 (i.e., Poor diversification). The correlation of ING Group 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.

ING Group Correlation With Market

Very weak diversification

The correlation between ING Group NV and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ING Group NV and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ING Group NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with ING Stock

0.79	TD	Toronto Dominion Bank Fiscal Year End 5th of December 2024	Pair Corr
0.68	JPM-PK	JPMorgan Chase	Pair Corr
0.63	JPM-PJ	JPMorgan Chase	Pair Corr
0.74	JPM-PM	JPMorgan Chase	Pair Corr
0.71	JPM-PL	JPMorgan Chase	Pair Corr
0.66	BAC-PN	Bank of America	Pair Corr
0.72	BAC-PQ	Bank of America	Pair Corr
0.66	BAC-PO	Bank of America	Pair Corr
0.69	BAC-PP	Bank of America	Pair Corr
0.63	BAC-PS	Bank of America	Pair Corr

Related Correlations Analysis

	NWG	HSBC	SAN	UBS	BCS	BBVA	BCDRF	CS	C	RY
NWG		0.83	0.78	0.85	0.94	0.59	0.59	-0.68	0.83	0.64	NWG
HSBC	0.83		0.88	0.68	0.83	0.7	0.7	-0.7	0.77	0.83	HSBC
SAN	0.78	0.88		0.69	0.85	0.83	0.77	-0.72	0.73	0.87	SAN
UBS	0.85	0.68	0.69		0.88	0.47	0.47	-0.59	0.87	0.6	UBS
BCS	0.94	0.83	0.85	0.88		0.59	0.63	-0.72	0.84	0.77	BCS
BBVA	0.59	0.7	0.83	0.47	0.59		0.61	-0.6	0.56	0.52	BBVA
BCDRF	0.59	0.7	0.77	0.47	0.63	0.61		-0.57	0.54	0.66	BCDRF
CS	-0.68	-0.7	-0.72	-0.59	-0.72	-0.6	-0.57		-0.57	-0.67	CS
C	0.83	0.77	0.73	0.87	0.84	0.56	0.54	-0.57		0.6	C
RY	0.64	0.83	0.87	0.6	0.77	0.52	0.66	-0.67	0.6		RY
	NWG	HSBC	SAN	UBS	BCS	BBVA	BCDRF	CS	C	RY

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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

BCS	+ 0.94	NWG
SAN	+ 0.88	HSBC
BCS	+ 0.88	UBS
RY	+ 0.87	SAN
C	+ 0.87	UBS
UBS	+ 0.85	NWG

High negative correlations

CS	- 0.72	BCS
CS	- 0.72	SAN
CS	- 0.7	HSBC
CS	- 0.68	NWG
RY	- 0.67	CS
CS	- 0.6	BBVA

Risk-Adjusted Indicators

There is a big difference between ING Stock performing well and ING Group 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 ING Group'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
NWG	1.44	0.21	0.12	0.22	1.64	(1.63)	2.79	(2.46)	7.09
HSBC	0.94	0.13	0.09	0.21	1.21	(0.93)	2.03	(2.13)	6.61
SAN	1.13	0.15	0.08	0.23	1.62	(1.21)	2.14	(2.73)	8.88
UBS	1.09	0.08	0.05	0.15	1.44	(1.13)	2.10	(2.40)	10.09
BCS	1.52	0.17	0.09	0.18	2.01	(1.54)	3.35	(3.62)	10.17
BBVA	1.26	0.07	0.05	0.13	1.58	(1.38)	2.38	(2.48)	8.95
BCDRF	3.08	0.38	0.06	(0.66)	3.64	(3.62)	7.68	(6.43)	19.51
CS	3.04	(1.32)	0.00	(1.91)	0.00	0.00	3.53	(5.49)	53.23
C	1.37	0.00	0.03	0.07	1.52	(1.59)	3.36	(2.55)	10.33
RY	0.68	0.15	0.16	0.28	0.52	(0.75)	1.69	(0.93)	4.27

ING Group Corporate Management

Cindy EldertKlep	Company Secretary	Profile
Margarete Haase	Independent Member of the Supervisory Board	Profile
Ljiljana Cortan	Chief Risk Officer, Member of the Management Board Banking, Member of the Executive Board	Profile
Erwin Olijslager	Principal Officer	Profile
Lodewijk Bergh	Independent Member of the Supervisory Board	Profile
J Colombas	Independent Member of the Supervisory Board	Profile
H Naus	Independent Member of the Supervisory Board	Profile

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