Bank of NT Correlations

Stocks . USA . 
Stock . Bank of NT
NTB Stock  USD 43.19  0.50  1.17%   
The current 90-days correlation between Bank of NT and National Bank Holdings is -0.12 (i.e., Good diversification). The correlation of Bank of NT 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.

Bank of NT Correlation With Market

Poor diversification

The correlation between Bank of NT and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of NT and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Bank Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Bank of NT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.

Moving together with Bank Stock

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  0.79EWBC East West BancorpPairCorr
  0.78BAC Bank of AmericaPairCorr
  0.91BCS Barclays PLC ADRPairCorr
  0.89BMO Bank of MontrealPairCorr
  0.93BNS Bank of Nova ScotiaPairCorr
  0.89ING ING Group NVPairCorr
  0.93JPM JPMorgan ChasePairCorr
  0.63JPM-PC JPMorgan ChasePairCorr
  0.92NWG Natwest Group PLCPairCorr
  0.95SAN Banco Santander SAPairCorr
  0.61UBS UBS Group AG Normal TradingPairCorr
  0.85WFC Wells FargoPairCorr
  0.76HSBC HSBC Holdings PLCPairCorr
  0.89BBVA Banco Bilbao ViscayaPairCorr

Moving against Bank Stock

  0.57BAC-PM Bank of AmericaPairCorr
  0.51BML-PL Bank of AmericaPairCorr
  0.51JPM-PK JPMorgan ChasePairCorr
  0.51BAC-PN Bank of AmericaPairCorr
  0.49JPM-PJ JPMorgan ChasePairCorr
  0.45JPM-PL JPMorgan ChasePairCorr
  0.39JPM-PM JPMorgan ChasePairCorr
  0.37BML-PG Bank of AmericaPairCorr
  0.36BML-PH Bank of AmericaPairCorr
  0.61FG FG Annuities Life Normal TradingPairCorr
  0.54BAC-PS Bank of AmericaPairCorr
  0.53BAC-PQ Bank of AmericaPairCorr
  0.51BAC-PO Bank of AmericaPairCorr
  0.51BAC-PP Bank of AmericaPairCorr
  0.51WFC-PZ Wells FargoPairCorr
  0.47BAC-PK Bank of AmericaPairCorr
  0.47WFC-PD Wells FargoPairCorr
  0.46WFC-PA Wells FargoPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Bank Stock performing well and Bank of NT 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 Bank of NT'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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