KeyCorp Correlations

Preferred Stocks . USA . 
Preferred Stock . KeyCorp
KEY-PK Preferred Stock  USD 22.51  0.20  0.88%   
The current 90-days correlation between KeyCorp and US Bancorp is 0.56 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KeyCorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KeyCorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

KeyCorp Correlation With Market

Average diversification

The correlation between KeyCorp and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KeyCorp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to KeyCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KeyCorp 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 KeyCorp - 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 KeyCorp to buy it.

Moving together with KeyCorp Preferred Stock

  0.9AX Axos FinancialPairCorr
  0.87RF Regions FinancialPairCorr
  0.79WF Woori Financial GroupPairCorr
  0.63VABK Virginia NationalPairCorr
  0.85VBTX Veritex HoldingsPairCorr
  0.86TECTP Tectonic FinancialPairCorr
  0.96TFC-PO Truist FinancialPairCorr
  0.95TFC-PR Truist FinancialPairCorr
  0.64ECBK ECB BancorpPairCorr
  0.95CFG-PE Citizens FinancialPairCorr
  0.92CFG-PH Citizens Financial Group,PairCorr
  0.73EFSC Enterprise FinancialPairCorr
  0.86EFSI Eagle Financial Services Normal TradingPairCorr
  0.87KEY-PI KeyCorpPairCorr
  0.98KEY-PJ KeyCorpPairCorr
  0.91KEY-PL KeyCorpPairCorr
  0.75WAFD Washington FederalPairCorr
  0.83BANC-PF Banc of CaliforniaPairCorr
  0.86WAFDP Washington FederalPairCorr
  0.61EWBC East West BancorpPairCorr
  0.94WSBCP WesBancoPairCorr
  0.89WNEB Western New EnglandPairCorr
  0.8BANFP BFC Capital TrustPairCorr

Moving against KeyCorp Preferred Stock

  0.41VBNK VersaBank Earnings Call This WeekPairCorr
  0.8FCAP First Capital Normal TradingPairCorr
  0.41FGBI First Guaranty BancsharesPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between KeyCorp Preferred Stock performing well and KeyCorp 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 KeyCorp'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in KeyCorp 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.

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KeyCorp Corporate Management

Angela MagoPres BankingProfile
James JDGen SecProfile
Brian FishelChief OfficerProfile
Vernon PattersonEx RelationsProfile
Susan DonlanChief OfficerProfile
Amy BradyChief OfficerProfile
Douglas CPAChief OfficerProfile
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