Natwest Group Correlations

NWG Stock

USD 13.62 0.07 0.51%

The current 90-days correlation between Natwest Group PLC and ING Group NV is 0.83 (i.e., Very poor diversification). The correlation of Natwest Group 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.

Natwest Group Correlation With Market

Poor diversification

The correlation between Natwest Group PLC and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natwest Group PLC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Natwest Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natwest Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Natwest Stock

0.84	AX	Axos Financial	Pair Corr
0.94	KB	KB Financial Group	Pair Corr
0.73	NU	Nu Holdings Aggressive Push	Pair Corr
0.64	RF	Regions Financial Normal Trading	Pair Corr
0.9	WF	Woori Financial Group	Pair Corr
0.83	VBNK	VersaBank	Pair Corr
0.63	VBTX	Veritex Holdings	Pair Corr
0.83	TECTP	Tectonic Financial	Pair Corr
0.62	EBTC	Enterprise Bancorp	Pair Corr
0.77	KEY-PL	KeyCorp	Pair Corr
0.69	WAFD	Washington Federal	Pair Corr
0.72	BANC-PF	Banc of California	Pair Corr
0.74	EWBC	East West Bancorp	Pair Corr
0.86	WSBCP	WesBanco	Pair Corr
0.76	OCFCP	OceanFirst Financial Corp	Pair Corr

Moving against Natwest Stock

0.7	EGBN	Eagle Bancorp	Pair Corr
0.32	EFSI	Eagle Financial Services	Pair Corr

Related Correlations Analysis

	ING	HSBC	SAN	UBS	MUFG	BCS	BAC-PK	BBVA	C
ING		0.93	0.93	0.84	0.69	0.98	-0.26	0.95	0.92	ING
HSBC	0.93		0.88	0.92	0.86	0.95	0.04	0.88	0.94	HSBC
SAN	0.93	0.88		0.78	0.64	0.96	-0.31	0.94	0.89	SAN
UBS	0.84	0.92	0.78		0.88	0.84	0.13	0.76	0.87	UBS
MUFG	0.69	0.86	0.64	0.88		0.74	0.32	0.63	0.81	MUFG
BCS	0.98	0.95	0.96	0.84	0.74		-0.22	0.96	0.95	BCS
BAC-PK	-0.26	0.04	-0.31	0.13	0.32	-0.22		-0.34	-0.03	BAC-PK
BBVA	0.95	0.88	0.94	0.76	0.63	0.96	-0.34		0.88	BBVA
C	0.92	0.94	0.89	0.87	0.81	0.95	-0.03	0.88		C
	ING	HSBC	SAN	UBS	MUFG	BCS	BAC-PK	BBVA	C

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

BCS	+ 0.98	ING
BCS	+ 0.96	SAN
BBVA	+ 0.96	BCS
BBVA	+ 0.95	ING
BCS	+ 0.95	HSBC
C	+ 0.95	BCS

High negative correlations

BBVA	- 0.34	BAC-PK
BAC-PK	- 0.31	SAN
BAC-PK	- 0.26	ING
BAC-PK	- 0.22	BCS
C	- 0.03	BAC-PK

Risk-Adjusted Indicators

There is a big difference between Natwest Stock performing well and Natwest Group 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 Natwest Group'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
ING	1.43	0.07	0.03	0.09	2.18	(1.42)	3.03	(2.64)	12.16
HSBC	1.36	0.00	0.00	0.03	2.31	(1.32)	3.47	(2.85)	8.94
SAN	1.64	0.24	0.07	15.46	2.95	(1.53)	3.26	(4.01)	14.93
UBS	1.67	(0.12)	0.00	(1.31)	0.00	0.00	3.32	(3.92)	13.18
MUFG	1.76	(0.10)	0.00	(0.06)	0.00	0.00	4.41	(3.19)	15.98
BCS	1.69	0.12	0.04	0.12	2.67	(1.62)	2.80	(3.03)	13.04
BAC-PK	0.43	(0.05)	0.00	(0.21)	0.00	0.00	0.71	(1.09)	3.82
BBVA	1.47	0.09	0.03	0.11	2.56	(1.41)	2.99	(2.87)	14.41
C	1.62	0.16	0.05	0.14	2.91	(1.68)	3.26	(3.46)	14.99

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