Credicorp Correlations

BAP Stock

USD 226.24 0.67 0.30%

The current 90-days correlation between Credicorp and Banco Santander Chile is 0.43 (i.e., Very weak diversification). The correlation of Credicorp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Credicorp Correlation With Market

Modest diversification

The correlation between Credicorp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credicorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Credicorp Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credicorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in Credicorp Stock, please use our How to Invest in Credicorp guide.

Moving together with Credicorp Stock

0.85	AX	Axos Financial	Pair Corr
0.62	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.98	KB	KB Financial Group Earnings Call Tomorrow	Pair Corr
0.63	NU	Nu Holdings Aggressive Push	Pair Corr
0.62	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.85	RF	Regions Financial Buyout Trend	Pair Corr
0.9	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.64	VABK	Virginia National	Pair Corr
0.72	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.84	TECTP	Tectonic Financial	Pair Corr
0.76	TFC-PO	Truist Financial	Pair Corr
0.65	EBTC	Enterprise Bancorp	Pair Corr
0.65	CFG-PE	Citizens Financial	Pair Corr
0.62	CFG-PH	Citizens Financial Group,	Pair Corr
0.77	EFSC	Enterprise Financial Earnings Call Tomorrow	Pair Corr
0.72	KEY-PK	KeyCorp Earnings Call This Week	Pair Corr
0.89	KEY-PL	KeyCorp Earnings Call This Week	Pair Corr
0.64	WAFD	Washington Federal	Pair Corr
0.84	BANC-PF	Banc of California Earnings Call Tomorrow	Pair Corr
0.67	EQBK	Equity Bancshares,	Pair Corr
0.65	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.82	TFINP	Triumph Financial	Pair Corr
0.87	EWBC	East West Bancorp Earnings Call This Week	Pair Corr
0.89	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.78	WSBC	WesBanco	Pair Corr

Moving against Credicorp Stock

0.49	TFC-PI	Truist Financial	Pair Corr
0.5	WSBK	Winchester Bancorp,	Pair Corr

Related Correlations Analysis

	HFWA	HFBL	MGYR	NKSH	BSAC	CIB	BBDO	BSBR	AVAL	BCH
HFWA		0.46	0.71	0.91	0.43	0.77	0.62	0.42	0.72	0.1	HFWA
HFBL	0.46		0.4	0.61	0.05	0.41	0.26	0.0	0.25	-0.23	HFBL
MGYR	0.71	0.4		0.81	0.41	0.9	0.91	0.53	0.76	-0.01	MGYR
NKSH	0.91	0.61	0.81		0.29	0.83	0.67	0.31	0.67	-0.13	NKSH
BSAC	0.43	0.05	0.41	0.29		0.46	0.61	0.85	0.53	0.87	BSAC
CIB	0.77	0.41	0.9	0.83	0.46		0.82	0.51	0.79	0.04	CIB
BBDO	0.62	0.26	0.91	0.67	0.61	0.82		0.78	0.75	0.24	BBDO
BSBR	0.42	0.0	0.53	0.31	0.85	0.51	0.78		0.52	0.68	BSBR
AVAL	0.72	0.25	0.76	0.67	0.53	0.79	0.75	0.52		0.23	AVAL
BCH	0.1	-0.23	-0.01	-0.13	0.87	0.04	0.24	0.68	0.23		BCH
	HFWA	HFBL	MGYR	NKSH	BSAC	CIB	BBDO	BSBR	AVAL	BCH

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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

NKSH	+ 0.91	HFWA
BBDO	+ 0.91	MGYR
CIB	+ 0.9	MGYR
BCH	+ 0.87	BSAC
BSBR	+ 0.85	BSAC
CIB	+ 0.83	NKSH

High negative correlations

BCH	- 0.23	HFBL
BCH	- 0.13	NKSH
BCH	- 0.01	MGYR
BSBR	- 0.0	HFBL

Risk-Adjusted Indicators

There is a big difference between Credicorp Stock performing well and Credicorp 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 Credicorp'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
HFWA	1.23	0.14	0.09	0.26	1.26	(1.37)	2.90	(2.10)	7.61
HFBL	1.51	0.00	(0.05)	0.10	1.80	(2.09)	3.12	(3.16)	11.15
MGYR	0.96	0.28	0.14	1.53	0.79	(1.12)	2.26	(1.75)	4.89
NKSH	1.43	0.12	0.07	0.25	1.44	(1.63)	3.91	(2.86)	8.86
BSAC	1.03	0.11	0.00	0.68	1.13	(1.08)	2.65	(1.99)	5.67
CIB	1.28	0.29	0.12	2.77	1.01	(1.49)	3.54	(2.43)	8.03
BBDO	1.90	0.34	0.10	2.50	2.04	(2.34)	3.94	(3.76)	19.42
BSBR	1.44	0.06	(0.01)	0.31	1.80	(1.52)	3.53	(2.74)	9.46
AVAL	1.44	0.33	0.10	(1.39)	1.34	(1.89)	3.41	(2.42)	12.63
BCH	1.00	0.07	(0.05)	0.70	1.01	(1.23)	2.97	(2.01)	5.75

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