KB Financial Correlations

Stocks . USA . 
Stock . KB Financial Group
KB Stock  USD 81.69  1.05  1.27%   
The current 90-days correlation between KB Financial Group and Shinhan Financial Group is 0.85 (i.e., Very poor diversification). The correlation of KB Financial 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.

KB Financial Correlation With Market

Significant diversification

The correlation between KB Financial Group and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KB Financial Group and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with KB Financial Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KB Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with KB Financial Stock

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  0.78TFC-PO Truist FinancialPairCorr
  0.64TFC-PR Truist FinancialPairCorr
  0.64EBTC Enterprise BancorpPairCorr
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  0.8EFSC Enterprise Financial Earnings Call TomorrowPairCorr
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  0.74KEY-PK KeyCorp Earnings Call This WeekPairCorr
  0.91KEY-PL KeyCorp Earnings Call This WeekPairCorr
  0.69WAFD Washington FederalPairCorr
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  0.72EQBK Equity Bancshares,PairCorr
  0.7ESSA ESSA Bancorp Earnings Call This WeekPairCorr
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  0.91WSBCP WesBanco Earnings Call This WeekPairCorr
  0.81WSBC WesBancoPairCorr

Moving against KB Financial Stock

  0.47TFC-PI Truist FinancialPairCorr
  0.48WSBK Winchester Bancorp,PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between KB Financial Stock performing well and KB Financial 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 KB Financial'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.

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