CaixaBank Correlations

48CA Stock

EUR 7.54 0.11 1.48%

The current 90-days correlation between CaixaBank SA and Intesa Sanpaolo SpA is 0.31 (i.e., Weak diversification). The correlation of CaixaBank 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.

CaixaBank Correlation With Market

Average diversification

The correlation between CaixaBank SA and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CaixaBank SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CaixaBank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CaixaBank 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 CaixaBank - 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 CaixaBank SA to buy it.

Moving together with CaixaBank Stock

0.93	BNP	BNP Paribas SA Earnings Call This Week	Pair Corr
0.92	BNPH	BNP PARIBAS ADR Earnings Call This Week	Pair Corr
0.92	IES	Intesa Sanpaolo SpA	Pair Corr
0.72	LLD	Lloyds Banking Group Earnings Call This Week	Pair Corr
0.67	LLD2	Lloyds Banking Group Earnings Call This Week	Pair Corr
0.94	CRIN	UniCredit SpA	Pair Corr
0.81	XCA	Crdit Agricole SA	Pair Corr
0.93	KDB	KBC Group NV	Pair Corr
0.79	SEBC	Skandinaviska Enskilda	Pair Corr
0.87	MSF	Microsoft	Pair Corr
0.87	MSF	Microsoft	Pair Corr
0.87	MSF	Microsoft	Pair Corr
0.87	MSF	Microsoft	Pair Corr
0.91	E908	Lyxor 1	Pair Corr
0.91	DBPE	Xtrackers LevDAX	Pair Corr

Moving against CaixaBank Stock

0.91

DBPD

Xtrackers ShortDAX

Pair Corr

Related Correlations Analysis

	BNP	BNPH	IES	LLD	LLD2	CRIN	XCA	48CA	KDB	SEBC
BNP		0.97	0.97	0.77	0.75	0.96	0.8	0.93	0.9	0.86	BNP
BNPH	0.97		0.95	0.78	0.77	0.93	0.77	0.92	0.94	0.87	BNPH
IES	0.97	0.95		0.71	0.72	0.97	0.78	0.92	0.92	0.87	IES
LLD	0.77	0.78	0.71		0.88	0.71	0.72	0.72	0.72	0.6	LLD
LLD2	0.75	0.77	0.72	0.88		0.68	0.66	0.67	0.69	0.64	LLD2
CRIN	0.96	0.93	0.97	0.71	0.68		0.76	0.94	0.93	0.82	CRIN
XCA	0.8	0.77	0.78	0.72	0.66	0.76		0.81	0.76	0.67	XCA
48CA	0.93	0.92	0.92	0.72	0.67	0.94	0.81		0.93	0.79	48CA
KDB	0.9	0.94	0.92	0.72	0.69	0.93	0.76	0.93		0.77	KDB
SEBC	0.86	0.87	0.87	0.6	0.64	0.82	0.67	0.79	0.77		SEBC
	BNP	BNPH	IES	LLD	LLD2	CRIN	XCA	48CA	KDB	SEBC

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Risk-Adjusted Indicators

There is a big difference between CaixaBank Stock performing well and CaixaBank 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 CaixaBank'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
BNP	1.16	0.23	0.07	(3.44)	1.17	(1.23)	2.91	(2.11)	6.69
BNPH	1.01	0.25	0.07	(0.99)	0.95	(1.27)	2.20	(1.59)	6.08
IES	0.99	0.22	0.09	2.10	0.87	(1.23)	2.30	(1.80)	4.83
LLD	1.02	0.10	(0.01)	0.66	0.95	(1.73)	2.35	(2.17)	7.78
LLD2	1.42	0.19	0.04	1.23	1.60	(1.69)	2.89	(3.33)	9.22
CRIN	1.30	0.27	0.09	2.50	1.38	(1.46)	3.20	(2.38)	9.42
XCA	0.88	0.10	(0.03)	(1.98)	1.35	(0.91)	2.21	(1.77)	8.29
48CA	1.18	0.19	0.07	1.02	0.99	(1.58)	3.04	(1.71)	6.80
KDB	1.00	0.22	0.08	1.62	1.10	(1.06)	2.89	(2.40)	7.10
SEBC	1.17	0.19	0.01	(0.50)	1.48	(1.25)	2.57	(2.38)	8.78

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Our tools can tell you how much better you can do entering a position in CaixaBank 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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CaixaBank Corporate Management

Elected by the shareholders, the CaixaBank's board of directors comprises two types of representatives: CaixaBank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CaixaBank. The board's role is to monitor CaixaBank's management team and ensure that shareholders' interests are well served. CaixaBank'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, CaixaBank's outside directors are responsible for providing unbiased perspectives on the board's policies.

Tomas Arantegui	Ex Chairman	Profile
Gonzalo Rotaeche	CEO Director	Profile
Edward OLoghlen	Director Relations	Profile
David Puig	Chief HR	Profile
Maria Gistau	Head Relations	Profile
Manuel Pont	Head Compliance	Profile
Jose Tellaeche	Ex Chairman	Profile

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