Popular Capital Correlations

BPOPM Stock

USD 25.48 0.18 0.71%

The current 90-days correlation between Popular Capital Trust and SLM Corp Pb is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Popular Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Popular Capital Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Popular Capital Correlation With Market

Very good diversification

The correlation between Popular Capital Trust and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Popular Capital Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Popular Capital Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving against Popular Stock

0.38	EVTC	Evertec	Pair Corr
0.34	FLYW	Flywire Corp	Pair Corr
0.45	ATMCR	AlphaTime Acquisition	Pair Corr
0.31	YOTAR	Yotta Acquisition	Pair Corr
0.34	MOGO	Mogo Inc	Pair Corr

Related Correlations Analysis

	BANFP	OXLCO	WTFCM	SLMBP
BANFP		0.54	0.56	-0.12	BANFP
OXLCO	0.54		0.84	-0.21	OXLCO
WTFCM	0.56	0.84		-0.3	WTFCM
SLMBP	-0.12	-0.21	-0.3		SLMBP
	BANFP	OXLCO	WTFCM	SLMBP

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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

WTFCM	+ 0.84	OXLCO
WTFCM	+ 0.56	BANFP
OXLCO	+ 0.54	BANFP

High negative correlations

SLMBP	- 0.3	WTFCM
SLMBP	- 0.21	OXLCO
SLMBP	- 0.12	BANFP

Risk-Adjusted Indicators

There is a big difference between Popular Stock performing well and Popular Capital 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 Popular Capital'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
BANFP	0.40	0.06	(0.04)	(0.63)	0.51	(0.66)	0.98	(0.77)	4.54
OXLCO	0.37	0.02	(0.13)	1.31	0.39	(0.47)	0.96	(0.88)	2.37
WTFCM	0.19	0.02	(0.26)	0.70	0.11	(0.25)	0.60	(0.32)	1.64
SLMBP	0.29	(0.01)	(0.16)	(0.05)	0.55	(0.27)	0.73	(0.45)	3.54

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