Banco Bilbao Correlations
| BBVA Stock | USD 10.67 0.12 1.14% |
The correlation of Banco Bilbao 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 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.
Very weak diversification
The correlation between Banco Bilbao Viscaya and NYA is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banco Bilbao Viscaya and NYA in the same portfolio, assuming nothing else is changed.
Banco |
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 Stock
| 0.95 | C | Citigroup Financial Report 12th of July 2024 | PairCorr |
| 0.89 | CM | Canadian Imperial Bank Financial Report 23rd of May 2024 | PairCorr |
| 0.68 | RY | Royal Bank Financial Report 23rd of May 2024 | PairCorr |
| 0.93 | BML-PG | Bank of America | PairCorr |
| 0.91 | BML-PH | Bank of America | PairCorr |
| 0.94 | BML-PJ | Bank of America | PairCorr |
| 0.88 | BML-PL | Bank of America | PairCorr |
| 0.7 | EWBC | East West Bancorp Earnings Call Next Week | PairCorr |
| 0.94 | BAC | Bank of America Earnings Call Tomorrow | PairCorr |
| 0.92 | BCS | Barclays PLC ADR Sell-off Trend | PairCorr |
| 0.94 | BNS | Bank of Nova Scotia Financial Report 22nd of May 2024 | PairCorr |
| 0.82 | ING | ING Group NV Financial Report 9th of May 2024 | PairCorr |
| 0.97 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.77 | JPM-PK | JPMorgan Chase | PairCorr |
| 0.75 | JPM-PM | JPMorgan Chase | PairCorr |
| 0.8 | JPM-PL | JPMorgan Chase | PairCorr |
| 0.7 | JPM-PC | JPMorgan Chase | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Banco Stock performing well and Banco Bilbao 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 Bilbao'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BCS | 1.38 | 0.20 | 0.11 | 0.22 | 1.64 | 2.33 | 14.41 | |||
| ING | 1.00 | 0.11 | 0.05 | 0.21 | 1.62 | 2.24 | 7.00 | |||
| BCDRF | 2.10 | 0.39 | 0.06 | 2.63 | 2.53 | 8.46 | 20.57 | |||
| HSBC | 1.00 | 0.02 | 0.00 | 0.10 | 2.09 | 1.79 | 10.56 | |||
| NWG | 1.32 | 0.29 | 0.22 | 0.31 | 1.02 | 2.82 | 9.53 | |||
| SAN | 1.14 | 0.10 | 0.05 | 0.18 | 1.69 | 2.41 | 8.70 | |||
| UBS | 1.07 | (0.10) | 0.00 | (0.06) | 0.00 | 1.98 | 7.87 | |||
| C | 1.00 | 0.09 | 0.10 | 0.13 | 1.00 | 2.28 | 7.90 | |||
| RY | 0.72 | (0.10) | 0.00 | (0.02) | 0.00 | 1.35 | 4.60 | |||
| MUFG | 1.09 | 0.18 | 0.09 | 0.60 | 1.33 | 2.08 | 9.77 |
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.Did you try this?
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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 Relations | Profile | |
| Tomas Drake | Independent Director | Profile | |
| Jaime Lacorte | Independent Director | Profile | |
| Juan Llorens | Lead Independent Director | Profile |
Already 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 Sharpe 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.
When determining whether Banco Bilbao Viscaya offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Banco Bilbao'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 Bilbao Viscaya Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Banco Bilbao Viscaya Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Banco Bilbao Viscaya. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Banco Stock analysis
When running Banco Bilbao's 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 the 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 0.334 | Dividend Share 0.55 | Earnings Share 1.39 | Revenue Per Share 4.562 | Quarterly Revenue Growth 0.117 |
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 if Banco Bilbao is a good investment 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.