Woori Financial Correlations

WF Stock

USD 36.08 3.42 10.47%

The current 90-days correlation between Woori Financial Group and Grupo Aval is 0.03 (i.e., Significant diversification). The correlation of Woori Financial 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Woori Financial Correlation With Market

Very weak diversification

The correlation between Woori Financial Group and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Woori Financial Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Woori Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Woori Stock

0.74	AX	Axos Financial Earnings Call This Week	Pair Corr
0.67	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.74	KB	KB Financial Group	Pair Corr
0.61	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.66	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.63	VABK	Virginia National	Pair Corr
0.69	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.63	EBTC	Enterprise Bancorp Normal Trading	Pair Corr
0.61	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.69	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.65	WAFD	Washington Federal Fiscal Year End 15th of October 2024	Pair Corr
0.65	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.62	EQBK	Equity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.65	ESSA	ESSA Bancorp Fiscal Year End 23rd of October 2024	Pair Corr
0.65	EVBN	Evans Bancorp Earnings Call This Week	Pair Corr
0.61	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.67	WSBCP	WesBanco	Pair Corr

Moving against Woori Stock

0.37	FRCLL	First Republic Bank	Pair Corr
0.36	FRCCL	First Republic Bank	Pair Corr
0.36	FRCHL	First Republic Bank	Pair Corr
0.36	FRCKL	First Republic Bank	Pair Corr
0.36	FRCML	First Republic Bank	Pair Corr
0.33	FRCIL	First Republic Bank	Pair Corr

Related Correlations Analysis

	BSBR	CFB	BBDO	CFBK	AVAL	BSAC	BLX	AFBI	BAFN
BSBR		-0.27	0.91	-0.27	0.74	-0.1	0.04	-0.79	0.41	BSBR
CFB	-0.27		-0.4	0.72	-0.58	0.71	0.9	0.51	0.51	CFB
BBDO	0.91	-0.4		-0.43	0.75	-0.2	-0.09	-0.83	0.43	BBDO
CFBK	-0.27	0.72	-0.43		-0.39	0.56	0.59	0.5	0.13	CFBK
AVAL	0.74	-0.58	0.75	-0.39		-0.19	-0.31	-0.85	0.08	AVAL
BSAC	-0.1	0.71	-0.2	0.56	-0.19		0.74	0.3	0.34	BSAC
BLX	0.04	0.9	-0.09	0.59	-0.31	0.74		0.24	0.65	BLX
AFBI	-0.79	0.51	-0.83	0.5	-0.85	0.3	0.24		-0.34	AFBI
BAFN	0.41	0.51	0.43	0.13	0.08	0.34	0.65	-0.34		BAFN
	BSBR	CFB	BBDO	CFBK	AVAL	BSAC	BLX	AFBI	BAFN

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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

BBDO	+ 0.91	BSBR
BLX	+ 0.9	CFB
AVAL	+ 0.75	BBDO
AVAL	+ 0.74	BSBR
BLX	+ 0.74	BSAC
CFBK	+ 0.72	CFB

High negative correlations

AFBI	- 0.85	AVAL
AFBI	- 0.83	BBDO
AFBI	- 0.79	BSBR
AVAL	- 0.58	CFB
CFBK	- 0.43	BBDO
BBDO	- 0.4	CFB

Risk-Adjusted Indicators

There is a big difference between Woori Stock performing well and Woori Financial 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 Woori Financial'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
BSBR	1.33	(0.07)	0.00	(0.18)	0.00	0.00	2.94	(3.01)	7.79
CFB	1.27	0.50	0.37	0.41	0.86	(1.52)	2.90	(1.89)	11.53
BBDO	1.54	(0.15)	0.00	(0.30)	0.00	0.00	2.80	(3.64)	8.85
CFBK	1.13	0.22	0.08	0.79	1.53	(1.40)	2.95	(2.16)	11.28
AVAL	1.14	(0.20)	0.00	(0.40)	0.00	0.00	1.90	(2.78)	8.34
BSAC	1.07	0.09	0.05	0.18	1.16	(1.22)	2.49	(2.63)	6.12
BLX	1.30	0.11	0.06	0.20	1.50	(1.38)	2.69	(2.60)	9.12
AFBI	0.86	0.30	0.46	0.34	0.00	(1.16)	1.48	(0.84)	23.00
BAFN	1.01	0.04	(0.02)	0.49	1.25	(1.29)	2.13	(2.78)	9.40

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