Correlation Between Hancock Whitney and Intercorp Financial
Can any of the company-specific risk be diversified away by investing in both Hancock Whitney and Intercorp Financial at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Hancock Whitney and Intercorp Financial into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Hancock Whitney Corp and Intercorp Financial Services, you can compare the effects of market volatilities on Hancock Whitney and Intercorp Financial and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Hancock Whitney with a short position of Intercorp Financial. Check out your portfolio center. Please also check ongoing floating volatility patterns of Hancock Whitney and Intercorp Financial.
Diversification Opportunities for Hancock Whitney and Intercorp Financial
-0.23 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Hancock and Intercorp is -0.23. Overlapping area represents the amount of risk that can be diversified away by holding Hancock Whitney Corp and Intercorp Financial Services in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intercorp Financial and Hancock Whitney is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Hancock Whitney Corp are associated (or correlated) with Intercorp Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intercorp Financial has no effect on the direction of Hancock Whitney i.e., Hancock Whitney and Intercorp Financial go up and down completely randomly.
Pair Corralation between Hancock Whitney and Intercorp Financial
Considering the 90-day investment horizon Hancock Whitney Corp is expected to generate 1.17 times more return on investment than Intercorp Financial. However, Hancock Whitney is 1.17 times more volatile than Intercorp Financial Services. It trades about 0.02 of its potential returns per unit of risk. Intercorp Financial Services is currently generating about 0.0 per unit of risk. If you would invest 6,302 in Hancock Whitney Corp on September 11, 2025 and sell it today you would earn a total of 96.00 from holding Hancock Whitney Corp or generate 1.52% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Hancock Whitney Corp vs. Intercorp Financial Services
Performance |
| Timeline |
| Hancock Whitney Corp |
| Intercorp Financial |
Hancock Whitney and Intercorp Financial Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Hancock Whitney and Intercorp Financial
The main advantage of trading using opposite Hancock Whitney and Intercorp Financial positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Hancock Whitney position performs unexpectedly, Intercorp Financial can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Intercorp Financial will offset losses from the drop in Intercorp Financial's long position.| Hancock Whitney vs. Intercorp Financial Services | Hancock Whitney vs. Ameris Bancorp | Hancock Whitney vs. United Bankshares | Hancock Whitney vs. Grupo Aval |
| Intercorp Financial vs. Hancock Whitney Corp | Intercorp Financial vs. United Bankshares | Intercorp Financial vs. Bank Ozk | Intercorp Financial vs. Ameris Bancorp |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Other Complementary Tools
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |