National Bank Correlations

Pink Sheets . USA . 
Stock . National Bank of
NBGIF Stock  USD 13.70  0.02  0.15%   
The current 90-days correlation between National Bank and Piraeus Financial Holdings is -0.08 (i.e., Good diversification). The correlation of National Bank 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.

National Bank Correlation With Market

Good diversification

The correlation between National Bank of and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Bank of and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to National Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Bank 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 National Bank - 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 National Bank of to buy it.

Moving together with National Pink Sheet

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  0.66FITBP Fifth Third BancorpPairCorr
  0.81BBDC4 Banco Bradesco SAPairCorr
  0.71BNPQY BNP Paribas SA Earnings Call This WeekPairCorr
  0.74BNPQF BNP Paribas SA Earnings Call This WeekPairCorr
  0.69MUFG Mitsubishi UFJ FinancialPairCorr
  0.66SMFG Sumitomo Mitsui FinancialPairCorr
  0.93KB KB Financial Group Earnings Call TodayPairCorr
  0.8MFG Mizuho FinancialPairCorr
  0.96SHG Shinhan Financial Earnings Call This WeekPairCorr
  0.76MMM 3M CompanyPairCorr
  0.91IBM International Business Earnings Call This WeekPairCorr
  0.85GE GE Aerospace Earnings Call TomorrowPairCorr
  0.81AA Alcoa CorpPairCorr
  0.81DD Dupont De NemoursPairCorr
  0.8BA BoeingPairCorr
  0.91CSCO Cisco SystemsPairCorr
  0.84AXP American ExpressPairCorr
  0.92CAT CaterpillarPairCorr
  0.88MSFT MicrosoftPairCorr
  0.91JPM JPMorgan ChasePairCorr

Moving against National Pink Sheet

  0.87BBAS3 Banco do BrasilPairCorr
  0.43USB-PH US BancorpPairCorr
  0.79MCD McDonaldsPairCorr
  0.56PG Procter GamblePairCorr
  0.51KO Coca Cola Earnings Call TomorrowPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between National Pink Sheet performing well and National Bank 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 National Bank'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 National Bank 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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National Bank Corporate Management

PanagiotisIoannis DasmanoglouGM SecProfile
Pavlos MylonasCEO DirectorProfile
Stratos MolyviatisGM OfficerProfile
Christos ChristodoulouGM CFOProfile
Gregory PapagrigorisHead IRProfile
Nektarios DivarisAssistant OperationsProfile
Eleftherios KororosAssistant OfficerProfile
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