Alpha Bank Correlations
| ALBKY Stock | USD 0.36 0.01 2.86% |
The current 90-days correlation between Alpha Bank SA and National Bank of is 0.3 (i.e., Weak diversification). The correlation of Alpha Bank 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Alpha Bank Correlation With Market
Weak diversification
The correlation between Alpha Bank SA and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha Bank SA and DJI in the same portfolio, assuming nothing else is changed.
Alpha |
The ability to find closely correlated positions to Alpha Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alpha Bank 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 Alpha Bank - 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 Alpha Bank SA to buy it.
Moving together with Alpha Pink Sheet
| 0.62 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.63 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Moving against Alpha Pink Sheet
| 0.73 | USB-PH | US Bancorp | PairCorr |
| 0.68 | TRCA | Twin Ridge Capital | PairCorr |
| 0.65 | APAC | Stonebridge Acquisition Symbol Change | PairCorr |
| 0.56 | AAC | Ares Acquisition | PairCorr |
| 0.53 | PNC | PNC Financial Services Fiscal Year End 21st of January 2025 | PairCorr |
| 0.46 | ARTE | Artemis Strategic | PairCorr |
| 0.39 | HDB | HDFC Bank Limited | PairCorr |
| 0.36 | CWST | Casella Waste Systems | PairCorr |
| 0.35 | CIHHF | China Merchants Bank | PairCorr |
| 0.7 | WMT | Walmart Aggressive Push | PairCorr |
| 0.69 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.6 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.6 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.59 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.59 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.55 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.45 | HD | Home Depot | PairCorr |
| 0.38 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Alpha Pink Sheet performing well and Alpha Bank 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 Alpha Bank'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NBGIF | 1.51 | (0.23) | 0.00 | 6.83 | 0.00 | 4.11 | 13.91 | |||
| BPIRY | 1.94 | (0.19) | 0.00 | (0.16) | 0.00 | 3.61 | 10.96 | |||
| BPIRF | 2.36 | 0.18 | 0.02 | 0.21 | 3.47 | 10.94 | 35.83 | |||
| ALBKF | 0.15 | (0.06) | 0.00 | 41.24 | 0.00 | 0.00 | 2.29 | |||
| EGFEY | 2.02 | (0.17) | 0.00 | (0.25) | 0.00 | 3.92 | 10.10 | |||
| FCNCA | 1.76 | (0.09) | 0.04 | 0.08 | 2.34 | 2.35 | 22.66 | |||
| SBNY | 8.89 | (0.77) | 0.00 | (0.02) | 0.00 | 18.18 | 90.66 | |||
| PBCRF | 2.38 | 0.04 | (0.02) | (0.37) | 3.09 | 6.06 | 17.46 | |||
| BKRKF | 2.98 | (0.31) | 0.00 | 0.54 | 0.00 | 9.38 | 34.05 | |||
| BKNIY | 1.92 | (0.09) | 0.00 | 1.42 | 0.00 | 4.44 | 12.07 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alpha Bank 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?
Run Money Managers Now
Money ManagersScreen money managers from public funds and ETFs managed around the world |
| All Next | Launch Module |
Alpha Bank Corporate Management
| SergiuBogdan Oprescu | Gen Network | Profile | |
| Lazaros Papagaryfallou | Executive General Manager | Profile | |
| Stefanos Mytilinaios | GM COO | Profile | |
| Marianna Antoniou | Accounting Manager | Profile | |
| Kyriaki Inempolidi | Ma Division | Profile |