Paragon Banking Correlations

Stocks . Germany . 
Stock . Paragon Banking Group
46P1 Stock  EUR 11.00  0.20  1.85%   
The current 90-days correlation between Paragon Banking Group and CVB Financial Corp is 0.26 (i.e., Modest diversification). The correlation of Paragon Banking 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.

Paragon Banking Correlation With Market

Good diversification

The correlation between Paragon Banking Group and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paragon Banking Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Paragon Banking could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paragon Banking 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 Paragon Banking - 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 Paragon Banking Group to buy it.

Moving together with Paragon Stock

  0.81GMZ Ally FinancialPairCorr
  0.72F6H Far East HorizonPairCorr
  0.6719H Hercules CapitalPairCorr
  0.79BEW DIVERSIFIED ROYALTYPairCorr
  0.69FHL Federal Home LoanPairCorr
  0.78TM2 Sydbank A/SPairCorr
  0.77893 MITSUBISHI KAKOKIPairCorr
  0.6192I ROMERIKE SPAREBANKPairCorr
  0.63F1YN Lundin GoldPairCorr
  0.82KOM1 KomatsuPairCorr
  0.79HEI Heidelberg MaterialsPairCorr
  0.68T1I Tamburi InvestmentPairCorr
  0.72KGHA KGHM Polska MiedzPairCorr
  0.64MUM MENSCH UND MASCHINE Earnings Call This WeekPairCorr
  0.79AG8 AGILENT TECHPairCorr
  0.69FA2 FORWARD AIR PPairCorr
  0.841W3 WSP GlobalPairCorr
  0.79SEBC Skandinaviska EnskildaPairCorr
  0.71TDK TDK CorporationPairCorr

Moving against Paragon Stock

  0.785FV YAOKO LTDPairCorr
  0.57YHA YamahaPairCorr
  0.565F3 JINS HOLDINGS INCPairCorr
  0.46BFP BBVA Banco FrancesPairCorr
  0.395WD Walker DunlopPairCorr
  0.93DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
PNP
+ 0.97
RN7
AS5
+ 0.92
RN7
PNP
+ 0.92
AS5
SEBA
+ 0.86
LIE
AS5
+ 0.86
SEBA
BCV
+ 0.84
RN7
  
High negative correlations   
MOB
- 0.15
BCV
MOB
- 0.11
RN7
PNP
- 0.0
MOB

Risk-Adjusted Indicators

There is a big difference between Paragon Stock performing well and Paragon Banking 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 Paragon Banking'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 Paragon Banking 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.

Did you try this?

Run Portfolio Anywhere Now

   

Portfolio Anywhere

Track or share privately all of your investments from the convenience of any device
All  Next Launch Module

Paragon Banking Corporate Management

Elected by the shareholders, the Paragon Banking's board of directors comprises two types of representatives: Paragon Banking inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Paragon. The board's role is to monitor Paragon Banking's management team and ensure that shareholders' interests are well served. Paragon Banking's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Paragon Banking's outside directors are responsible for providing unbiased perspectives on the board's policies.
Dave NewcombeManaging LendingProfile
Anne BarnettChief OfficerProfile
Richard WoodmanCFO DirectorProfile
Anup SanghaHead FinProfile
Jan GreenhalghHead FinProfile
Nigel TerringtonChief DirectorProfile
Pamela RowlandChief OfficerProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY