Metro Bank Correlations
| MTRO Stock | 114.00 0.80 0.71% |
The current 90-days correlation between Metro Bank PLC and Nationwide Building Society is -0.15 (i.e., Good diversification). The correlation of Metro Bank 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.
Metro Bank Correlation With Market
Average diversification
The correlation between Metro Bank PLC and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metro Bank PLC and DJI in the same portfolio, assuming nothing else is changed.
Metro |
The ability to find closely correlated positions to Metro Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Metro Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Metro Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Metro Bank PLC to buy it.
Moving against Metro Stock
| 0.89 | 0R15 | SoftBank Group Corp | PairCorr |
| 0.86 | 0RQ9 | Lundin Mining Corp | PairCorr |
| 0.78 | 0R2T | Micron Technology | PairCorr |
| 0.68 | BC94 | Samsung Electronics | PairCorr |
| 0.68 | SMSN | Samsung Electronics | PairCorr |
| 0.64 | LST | Light Science Techno | PairCorr |
| 0.62 | SMSD | Samsung Electronics | PairCorr |
| 0.59 | 0RMV | TechnipFMC PLC | PairCorr |
| 0.52 | CRE | Conduit Holdings | PairCorr |
| 0.46 | 0R1W | Walmart | PairCorr |
| 0.45 | 0R37 | Berkshire Hathaway | PairCorr |
| 0.43 | KAP | National Atomic | PairCorr |
| 0.37 | BKS | Beeks Trading | PairCorr |
| 0.87 | 0HIT | Iberdrola | PairCorr |
| 0.81 | ABDX | Abingdon Health Plc | PairCorr |
| 0.76 | SGRO | Segro Plc | PairCorr |
| 0.76 | FDEV | Frontier Developments Plc | PairCorr |
| 0.75 | ARS | Asiamet Resources | PairCorr |
| 0.72 | YNGN | Young Cos Brewery | PairCorr |
| 0.66 | RNWH | Renew Holdings plc | PairCorr |
| 0.64 | 0MJK | Erste Group Bank | PairCorr |
| 0.64 | 0NIS | SBM Offshore NV | PairCorr |
| 0.53 | TTG | TT Electronics Plc | PairCorr |
| 0.51 | 0Y5F | Endo International PLC | PairCorr |
| 0.49 | 0M1K | Travel Leisure | PairCorr |
| 0.4 | TEK | Tekcapital plc | PairCorr |
| 0.34 | 0N9Z | EVS Broadcast Equipment | PairCorr |
| 0.34 | GPE | GREAT PORTLAND ESTATES | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Metro Stock performing well and Metro Bank 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 Metro Bank'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0QP1 | 0.90 | (0.14) | 0.00 | (2.22) | 0.00 | 1.33 | 6.74 | |||
| 0QKN | 0.68 | (0.11) | 0.00 | (4.45) | 0.00 | 1.79 | 6.40 | |||
| RKW | 0.82 | 0.00 | (0.04) | 0.06 | 1.24 | 1.83 | 7.37 | |||
| TYT | 1.09 | 0.05 | 0.00 | 0.22 | 1.53 | 3.26 | 10.12 | |||
| NBS | 0.02 | 0.00 | 0.00 | 2.44 | 0.00 | 0.00 | 0.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Metro Bank without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Earnings Calls Now
Earnings CallsCheck upcoming earnings announcements updated hourly across public exchanges |
| All Next | Launch Module |
Metro Bank Corporate Management
Elected by the shareholders, the Metro Bank's board of directors comprises two types of representatives: Metro Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Metro. The board's role is to monitor Metro Bank's management team and ensure that shareholders' interests are well served. Metro Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Metro Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| James Hopkinson | Chief Officer | Profile | |
| Claire Livesey | Interim Officer | Profile | |
| Andy Veares | Managing Commercial | Profile | |
| Carol Frost | Chief Officer | Profile | |
| Richard Saulet | Managing Finance | Profile | |
| Rodrigo Gazzo | Chief Officer | Profile | |
| Alison Whistance | Head West | Profile |