Banco Santander Correlations
| SANB3 Stock | BRL 12.86 0.26 2.06% |
The correlation of Banco Santander 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Banco Santander moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Banco Santander SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Banco Santander SA and NYA is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banco Santander SA and NYA in the same portfolio, assuming nothing else is changed.
Banco |
The ability to find closely correlated positions to Banco Santander could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Banco Santander 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 Banco Santander - 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 Banco Santander SA to buy it.
Moving together with Banco Stock
| 0.7 | BRSR6 | Banco do Estado | PairCorr |
| 0.78 | BRSR5 | Banco do Estado | PairCorr |
| 0.82 | BSLI3 | BRB Banco de | PairCorr |
| 0.74 | BEES4 | Banestes SA | PairCorr |
Moving against Banco Stock
| 0.7 | BRIV4 | Banco Alfa de | PairCorr |
| 0.69 | A1IV34 | Apartment Investment and | PairCorr |
| 0.68 | BRIV3 | Banco Alfa de | PairCorr |
| 0.66 | BAZA3 | Banco da Amaznia | PairCorr |
| 0.66 | ORLY34 | OReilly Automotive | PairCorr |
| 0.59 | RPAD3 | Alfa Holdings SA | PairCorr |
| 0.47 | RPAD5 | Alfa Holdings SA | PairCorr |
| 0.42 | RPAD6 | Alfa Holdings SA | PairCorr |
Related Correlations Analysis
| -0.49 | 0.62 | 0.19 | -0.31 | ITUB3 | ||
| -0.49 | -0.54 | 0.12 | 0.57 | BBDC3 | ||
| 0.62 | -0.54 | -0.1 | -0.82 | WEGE3 | ||
| 0.19 | 0.12 | -0.1 | 0.24 | EGIE3 | ||
| -0.31 | 0.57 | -0.82 | 0.24 | FLRY3 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Banco Stock performing well and Banco Santander 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 Banco Santander'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ITUB3 | 0.92 | 0.05 | 0.01 | 0.16 | 1.14 | 1.86 | 8.15 | |||
| BBDC3 | 1.03 | (0.21) | 0.00 | (0.32) | 0.00 | 1.99 | 17.38 | |||
| WEGE3 | 1.01 | 0.26 | 0.16 | (1.29) | 0.80 | 2.31 | 10.07 | |||
| EGIE3 | 0.93 | (0.09) | 0.00 | (0.13) | 0.00 | 2.13 | 5.85 | |||
| FLRY3 | 0.89 | (0.24) | 0.00 | (0.24) | 0.00 | 1.23 | 6.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Banco Santander 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.Did you try this?
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Banco Santander Corporate Directors
Banco Santander corporate directors refer to members of a Banco Santander board of directors. The board of directors generally takes responsibility for the Banco Santander's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Banco Santander's board members must vote for the resolution. The Banco Santander board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Viviane Lalli | Independent Director | Profile | |
| Jose Alvarez | Director | Profile | |
| Marilia Rocca | Independent Director | Profile | |
| Alvaro Souza | Independent Director | Profile |
Already Invested in Banco Santander SA?
The danger of trading Banco Santander SA is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Banco Santander is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Banco Santander. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Banco Santander SA is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Banco Santander SA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Banco Santander's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Banco Santander Sa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Banco Santander Sa Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Banco Santander SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Banco Santander SA information on this page should be used as a complementary analysis to other Banco Santander's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Banco Stock analysis
When running Banco Santander's price analysis, check to measure Banco Santander's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Banco Santander is operating at the current time. Most of Banco Santander's value examination focuses on studying past and present price action to predict the probability of Banco Santander's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Banco Santander's price. Additionally, you may evaluate how the addition of Banco Santander to your portfolios can decrease your overall portfolio volatility.
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