Banco Bilbao Correlations

BBVA Stock  USD 6.97  0.03  0.43%   
The correlation of Banco Bilbao is a statistical measure of how it moves in relation to other equities. 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 Bilbao moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Banco Bilbao Viscaya 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.
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The ability to find closely correlated positions to Banco Bilbao 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 Bilbao 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 Bilbao - 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 Bilbao Viscaya to buy it.

Moving together with Banco Bilbao

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+0.7MSMorgan StanleyPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
BLKAMP
BLKMNST
BLKCG
BTVCYMNST
AMPCG
AMPMNST
  
High negative correlations   
RSGCG
BLKRSG
RSGAMP
RSGBTVCY
RSGMNST
BLKCCHBF

Risk-Adjusted Indicators

Nowadays, there is a big difference between Banco Stock performing well and Banco Bilbao company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Banco Bilbao's multiple risk-adjusted performance indicators. 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 Banco Bilbao 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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Banco Bilbao Corporate Directors

Banco Bilbao corporate directors refer to members of a Banco Bilbao board of directors. The board of directors generally takes responsibility for the Banco Bilbao'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 Bilbao's board members must vote for the resolution. The Banco Bilbao board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Pedro Barahona - Director Investor RelationsProfile
Tomas Drake - Independent DirectorProfile
Jaime Lacorte - Independent DirectorProfile
Juan Llorens - Lead Independent DirectorProfile

Invested in Banco Bilbao Viscaya?

The danger of trading Banco Bilbao Viscaya 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 Bilbao 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 Bilbao. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Banco Bilbao Viscaya 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.
Continue to Trending Equities. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for analysis

When running Banco Bilbao Viscaya price analysis, check to measure Banco Bilbao'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 Bilbao is operating at the current time. Most of Banco Bilbao's value examination focuses on studying past and present price action to predict the probability of Banco Bilbao's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Banco Bilbao's price. Additionally, you may evaluate how the addition of Banco Bilbao to your portfolios can decrease your overall portfolio volatility.
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Is Banco Bilbao's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Banco Bilbao. If investors know Banco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Banco Bilbao listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.4
Market Capitalization
42.1 B
Quarterly Revenue Growth
0.257
Return On Assets
0.0089
Return On Equity
0.123
The market value of Banco Bilbao Viscaya is measured differently than its book value, which is the value of Banco that is recorded on the company's balance sheet. Investors also form their own opinion of Banco Bilbao's value that differs from its market value or its book value, called intrinsic value, which is Banco Bilbao's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Banco Bilbao's market value can be influenced by many factors that don't directly affect Banco Bilbao's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Banco Bilbao's value and its price as these two are different measures arrived at by different means. Investors typically determine Banco Bilbao value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Banco Bilbao's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.