KB Financial Correlations
| KB Stock | USD 89.03 0.05 0.06% |
The current 90-days correlation between KB Financial Group and Truist Financial Corp is 0.16 (i.e., Average 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
Weak diversification
The correlation between KB Financial Group and DJI is 0.39 (i.e., Weak 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.
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Moving together with KB Financial Stock
| 0.69 | CM | Canadian Imperial Bank | PairCorr |
| 0.73 | WF | Woori Financial Group | PairCorr |
| 0.66 | BBT | Beacon Financial Symbol Change | PairCorr |
| 0.78 | BCH | Banco De Chile | PairCorr |
| 0.67 | BCS | Barclays PLC ADR | PairCorr |
| 0.71 | BNS | Bank of Nova Scotia | PairCorr |
| 0.68 | BMA | Banco Macro SA | PairCorr |
| 0.69 | BNS | Bank of Nova Scotia Sell-off Trend | PairCorr |
| 0.72 | ING | ING Group NV | PairCorr |
| 0.76 | LYG | Lloyds Banking Group | PairCorr |
| 0.68 | MFG | Mizuho Financial | PairCorr |
| 0.74 | NWG | Natwest Group PLC | PairCorr |
| 0.73 | SAN | Banco Santander SA | PairCorr |
| 0.88 | SHG | Shinhan Financial | PairCorr |
| 0.75 | STAN | Standard Chartered PLC | PairCorr |
Moving against KB Financial Stock
| 0.41 | HDB | HDFC Bank Limited | PairCorr |
| 0.52 | TBCG | TBC Bank Group | PairCorr |
| 0.43 | 600000 | Shanghai Pudong Deve | PairCorr |
| 0.35 | 600016 | China Minsheng Banking | PairCorr |
Related Correlations Analysis
| -0.17 | 0.46 | 0.98 | 0.96 | 0.97 | 0.92 | TFC | ||
| -0.17 | 0.29 | -0.15 | -0.17 | -0.24 | -0.01 | BBDO | ||
| 0.46 | 0.29 | 0.41 | 0.38 | 0.4 | 0.63 | SHG | ||
| 0.98 | -0.15 | 0.41 | 0.99 | 0.98 | 0.89 | MTB | ||
| 0.96 | -0.17 | 0.38 | 0.99 | 0.99 | 0.88 | FITB | ||
| 0.97 | -0.24 | 0.4 | 0.98 | 0.99 | 0.89 | USB | ||
| 0.92 | -0.01 | 0.63 | 0.89 | 0.88 | 0.89 | NWG | ||
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
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TFC | 0.89 | 0.11 | 0.09 | 0.20 | 1.08 | 2.02 | 5.76 | |||
| BBDO | 1.51 | 0.13 | 0.01 | (0.59) | 1.83 | 3.51 | 8.84 | |||
| SHG | 1.32 | 0.11 | 0.04 | 0.33 | 1.42 | 2.97 | 7.34 | |||
| MTB | 0.94 | 0.11 | 0.10 | 0.20 | 0.98 | 2.43 | 5.45 | |||
| FITB | 1.03 | 0.08 | 0.07 | 0.15 | 1.37 | 2.39 | 6.77 | |||
| USB | 0.93 | 0.13 | 0.12 | 0.21 | 0.88 | 2.78 | 6.57 | |||
| NWG | 1.24 | 0.16 | 0.12 | 0.22 | 1.28 | 2.52 | 9.81 |