Use Bbva to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment
1 Month Beta ..........
0.0
Unless we do not have data at the moment the returns on IBEX 35 and Bbva are completely uncorrelated
Pay attentionOverlapping area represents amount of risk that can be diversified away by holding Bbva Banco FrancesS.A. and equity matching IBEX index in the same portfolio