Natwest Group Correlations

NWG Stock

USD 16.91 0.41 2.48%

The current 90-days correlation between Natwest Group PLC and Banco Bradesco SA is 0.06 (i.e., Significant diversification). The correlation of Natwest Group 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.

Natwest Group Correlation With Market

Very weak diversification

The correlation between Natwest Group PLC and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natwest Group PLC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Natwest Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natwest Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Natwest Stock

0.61	C	Citigroup Aggressive Push	Pair Corr
0.7	KB	KB Financial Group	Pair Corr
0.73	RY	Royal Bank	Pair Corr
0.81	TD	Toronto Dominion Bank	Pair Corr
0.75	BAC	Bank of America Aggressive Push	Pair Corr
0.92	BCH	Banco De Chile	Pair Corr
0.91	BNS	Bank of Nova Scotia	Pair Corr
0.8	CMA	Comerica Incorporated	Pair Corr
0.79	SAN	Banco Santander SA	Pair Corr
0.88	SHG	Shinhan Financial	Pair Corr
0.7	WFC	Wells Fargo Aggressive Push	Pair Corr
0.83	GGAL	Grupo Financiero Galicia	Pair Corr
0.7	601288	Agricultural Bank	Pair Corr
0.87	AVAL	Grupo Aval	Pair Corr
0.83	TD	Toronto Dominion Bank	Pair Corr
0.72	601328	Bank of Communications	Pair Corr
0.63	NOEM	CO2 Energy Transition	Pair Corr
0.79	CNGKY	CK Asset Holdings	Pair Corr
0.7	QNCX	Quince Therapeutics,	Pair Corr

Moving against Natwest Stock

0.63	TBCG	TBC Bank Group	Pair Corr
0.61	NVR	NVR Inc	Pair Corr
0.56	PSGTF	PT Semen Indonesia	Pair Corr
0.52	BKNG	Booking Holdings	Pair Corr
0.44	VLCN	VLCN Old Symbol Change	Pair Corr

Related Correlations Analysis

	BBDO	ACGL	KB	MTB	TFC	HIG	RJF	FITB	WTW
BBDO		0.29	0.63	-0.19	0.35	0.33	-0.63	-0.18	-0.75	BBDO
ACGL	0.29		0.39	0.36	0.54	0.86	-0.18	0.36	0.04	ACGL
KB	0.63	0.39		0.32	0.58	0.46	-0.14	0.33	-0.46	KB
MTB	-0.19	0.36	0.32		0.77	0.53	0.61	0.96	0.27	MTB
TFC	0.35	0.54	0.58	0.77		0.6	0.08	0.79	-0.23	TFC
HIG	0.33	0.86	0.46	0.53	0.6		-0.05	0.46	0.07	HIG
RJF	-0.63	-0.18	-0.14	0.61	0.08	-0.05		0.57	0.7	RJF
FITB	-0.18	0.36	0.33	0.96	0.79	0.46	0.57		0.25	FITB
WTW	-0.75	0.04	-0.46	0.27	-0.23	0.07	0.7	0.25		WTW
	BBDO	ACGL	KB	MTB	TFC	HIG	RJF	FITB	WTW

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

FITB	+ 0.96	MTB
HIG	+ 0.86	ACGL
FITB	+ 0.79	TFC
TFC	+ 0.77	MTB
WTW	+ 0.7	RJF
KB	+ 0.63	BBDO

High negative correlations

WTW	- 0.75	BBDO
RJF	- 0.63	BBDO
WTW	- 0.46	KB
WTW	- 0.23	TFC
MTB	- 0.19	BBDO
RJF	- 0.18	ACGL

Risk-Adjusted Indicators

There is a big difference between Natwest Stock performing well and Natwest Group 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 Natwest Group'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
BBDO	1.65	0.15	0.06	0.38	1.77	(2.01)	3.42	(3.15)	9.18
ACGL	0.93	0.01	(0.03)	0.09	1.23	(1.00)	2.04	(2.60)	6.74
KB	1.33	(0.05)	(0.02)	0.03	1.76	(1.38)	2.77	(2.29)	8.71
MTB	1.00	(0.01)	(0.01)	0.05	1.28	(1.10)	2.38	(2.35)	5.84
TFC	0.98	0.08	0.06	0.13	1.36	(1.04)	2.28	(2.10)	7.29
HIG	0.81	0.00	(0.04)	0.07	1.07	(0.82)	1.90	(1.84)	5.53
RJF	1.04	(0.12)	0.00	(0.07)	0.00	0.00	2.16	(2.36)	6.32
FITB	1.08	0.01	0.02	0.08	1.66	(1.14)	2.74	(2.45)	8.83
WTW	0.84	(0.07)	0.00	(0.38)	0.00	0.00	1.51	(1.85)	5.35

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