KeyCorp Correlations

KEY-PJ Preferred Stock

USD 21.66 0.03 0.14%

The current 90-days correlation between KeyCorp and Constellation Brands Class is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KeyCorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KeyCorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

KeyCorp Correlation With Market

Weak diversification

The correlation between KeyCorp and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KeyCorp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with KeyCorp Preferred Stock

0.7	AX	Axos Financial	Pair Corr
0.71	BY	Byline Bancorp	Pair Corr
0.65	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.62	KB	KB Financial Group	Pair Corr
0.73	NU	Nu Holdings	Pair Corr
0.67	PB	Prosperity Bancshares	Pair Corr
0.7	RF	Regions Financial Sell-off Trend	Pair Corr
0.61	WF	Woori Financial Group	Pair Corr
0.72	VBTX	Veritex Holdings	Pair Corr
0.71	TFC-PO	Truist Financial	Pair Corr
0.72	TFC-PR	Truist Financial	Pair Corr
0.88	CFG-PE	Citizens Financial Normal Trading	Pair Corr
0.85	CFG-PH	Citizens Financial Group,	Pair Corr
0.77	EFSC	Enterprise Financial	Pair Corr
0.89	KEY-PI	KeyCorp	Pair Corr
0.92	KEY-PK	KeyCorp	Pair Corr
0.76	KEY-PL	KeyCorp	Pair Corr
0.65	WABC	Westamerica Bancorporation	Pair Corr
0.71	WAFD	Washington Federal Earnings Call This Week	Pair Corr
0.61	BANC-PF	Banc of California	Pair Corr
0.76	EQBK	Equity Bancshares, Earnings Call This Week	Pair Corr
0.76	ESSA	ESSA Bancorp	Pair Corr
0.74	EWBC	East West Bancorp	Pair Corr
0.64	WSBCP	WesBanco	Pair Corr
0.67	WNEB	Western New England	Pair Corr

Related Correlations Analysis

	STZ	ECVT	SNDL	SCL	FMX	KO	HWKN	APD
STZ		-0.6	0.52	-0.31	0.08	0.37	-0.61	-0.39	STZ
ECVT	-0.6		-0.71	0.86	0.43	-0.18	0.82	0.71	ECVT
SNDL	0.52	-0.71		-0.53	-0.01	0.4	-0.52	-0.29	SNDL
SCL	-0.31	0.86	-0.53		0.5	-0.09	0.72	0.8	SCL
FMX	0.08	0.43	-0.01	0.5		0.55	0.57	0.38	FMX
KO	0.37	-0.18	0.4	-0.09	0.55		0.07	0.09	KO
HWKN	-0.61	0.82	-0.52	0.72	0.57	0.07		0.7	HWKN
APD	-0.39	0.71	-0.29	0.8	0.38	0.09	0.7		APD
	STZ	ECVT	SNDL	SCL	FMX	KO	HWKN	APD

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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

SCL	+ 0.86	ECVT
HWKN	+ 0.82	ECVT
APD	+ 0.8	SCL
HWKN	+ 0.72	SCL
APD	+ 0.71	ECVT
APD	+ 0.7	HWKN

High negative correlations

SNDL	- 0.71	ECVT
HWKN	- 0.61	STZ
ECVT	- 0.6	STZ
SCL	- 0.53	SNDL
HWKN	- 0.52	SNDL
APD	- 0.39	STZ

Risk-Adjusted Indicators

There is a big difference between KeyCorp Preferred Stock performing well and KeyCorp 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 KeyCorp'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
STZ	1.19	(0.14)	0.00	(0.14)	0.00	0.00	2.30	(2.90)	11.14
ECVT	2.25	0.57	0.14	(3.60)	2.70	(2.43)	4.93	(5.00)	20.23
SNDL	2.01	(0.10)	0.00	(0.04)	0.00	0.00	4.23	(3.76)	14.82
SCL	1.98	0.07	0.04	0.13	2.33	(2.35)	4.80	(3.40)	14.04
FMX	1.18	0.07	0.01	0.26	1.60	(1.18)	2.29	(2.15)	7.78
KO	0.90	(0.03)	0.00	(0.06)	0.00	0.00	1.84	(1.70)	7.02
HWKN	1.56	0.45	0.31	0.71	0.96	(1.91)	4.24	(1.92)	12.49
APD	1.42	(0.07)	(0.03)	0.01	2.10	(1.35)	2.66	(3.02)	11.71

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

Angela Mago	Pres Banking	Profile
James JD	Gen Sec	Profile
Brian Fishel	Chief Officer	Profile
Vernon Patterson	Ex Relations	Profile
Susan Donlan	Chief Officer	Profile
Amy Brady	Chief Officer	Profile
Douglas CPA	Chief Officer	Profile

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