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An investor can reduce portfolio risk simply by holding instruments which are not perfectly correlated. In other words, investors can reduce their exposure to individual asset risk by holding a diversified portfolio of assets. Diversification will allow for the same portfolio return with reduced risk.

About correlation table

Correlation table is a two-dimensional matrix that shows correlation coefficient between pairs of securities. The cells in the table are color-coded to highlight significantly positive and negative relationships.

About correlation cloud

Correlation cloud is a flat representation of correlation coefficients between pairs of securities. The links in the cloud are color-coded to highlight significantly positive and negative relationships.

To create correlation table or cloud specify valid comma-separated symbols and hit Build It button.

Please note, the New York Stock Exchange (NYSE) and American Stock Exchange (AMEX) have recently merged. Although Macroaxis has implemented solutions to handle this transition gracefully, you may still find some securities that may not be fully transferred from one exchange to another.

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Correlation Analysis

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Specify valid comma-separated symbols | Check world markets correlations | Check portfolio equities correlations

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	BOKF	CBSH	CFR	UMBF	TCBI	FFIN	IBOC	BANF	HTLF	GSBC
BOKF		0.69	0.65	0.57	0.58	0.62	0.74	0.23	0.7	0.72
CBSH	0.69		0.81	0.66	0.75	0.79	0.7	0.44	0.85	0.65
CFR	0.65	0.81		0.79	0.83	0.69	0.84	0.68	0.81	0.74
UMBF	0.57	0.66	0.79		0.68	0.71	0.87	0.66	0.74	0.87
TCBI	0.58	0.75	0.83	0.68		0.69	0.76	0.52	0.69	0.63
FFIN	0.62	0.79	0.69	0.71	0.69		0.75	0.52	0.85	0.71
IBOC	0.74	0.7	0.84	0.87	0.76	0.75		0.56	0.83	0.81
BANF	0.23	0.44	0.68	0.66	0.52	0.52	0.56		0.57	0.7
HTLF	0.7	0.85	0.81	0.74	0.69	0.85	0.83	0.57		0.79
GSBC	0.72	0.65	0.74	0.87	0.63	0.71	0.81	0.7	0.79

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Evaluating the first 10 symbols. Please upgrade your account to plot more symbols

Correlation Matchups

High positive correlations

IBOC	+ 0.87	UMBF
GSBC	+ 0.87	UMBF
HTLF	+ 0.85	CBSH
HTLF	+ 0.85	FFIN
IBOC	+ 0.84	CFR
TCBI	+ 0.83	CFR
HTLF	+ 0.83	IBOC
CFR	+ 0.81	CBSH

Insignificant Correlation

BANF

+ 0.23

BOKF

High negative correlations

Not Found

Weakest Diversification

Strongest Diversification

Weakest Diversification

Assets performance indicators

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Information Ratio	Expected Shortfall	Potential Upside	Value At Risk	Maximum Drawdown
BOKF	0.55	(0.17)	(0.16)	(0.46)	1.10	(0.22)	(0.40)	0.62	(1.12)	1.98	Backtest
CBSH	0.76	0.04	0.04	0.00	1.13	0.05	(0.68)	1.30	(1.69)	3.63	Backtest
CFR	0.81	0.04	0.05	0.00	1.01	0.05	(0.86)	1.12	(1.46)	3.30	Backtest
UMBF	0.94	0.01	0.01	(0.04)	1.26	0.0081	(0.95)	1.95	(1.65)	4.04	Backtest
TCBI	1.30	(0.01)	(0.02)	(0.06)	1.51	(0.02)	(1.63)	2.33	(2.19)	5.91	Backtest
FFIN	1.13	0.03	0.01	(0.02)	1.80	0.01	(0.97)	1.79	(2.03)	5.29	Backtest
IBOC	1.56	0.04	0.00	(0.02)	2.00	0.0019	(1.60)	3.26	(2.54)	6.66	Backtest
BANF	0.84	0.23	0.18	0.24	1.06	0.21	(0.87)	1.86	(1.78)	3.98	Backtest
HTLF	1.35	0.16	0.08	0.05	1.55	0.08	(1.38)	2.30	(1.87)	5.01	Backtest
GSBC	1.35	0.00	(0.01)	(0.05)	1.88	(0.01)	(1.22)	2.28	(1.86)	5.22	Backtest

About correlation table

About correlation cloud

Correlation Analysis

Correlation Matchups

High positive correlations

Insignificant Correlation

High negative correlations

Weakest Diversification

Strongest Diversification

Weakest Diversification

Assets performance indicators

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