Popular Correlations

BPOPO Stock

USD 24.02 0.58 2.36%

The current 90-days correlation between Popular and First Bancorp is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Popular moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Popular moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Popular Correlation With Market

Modest diversification

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

The ability to find closely correlated positions to Popular could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Popular 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 Popular - 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 Popular to buy it.

Moving against Popular Pink Sheet

0.4

CIHHF

China Merchants Bank

Pair Corr

Related Correlations Analysis

	PWOD	LBC	SRCE	GSBC	WSBF	RBKB	PLBC	FNWD	BWFG	CWBC
PWOD		0.47	0.79	0.84	0.19	0.74	0.91	0.06	0.79	0.77	PWOD
LBC	0.47		0.36	0.58	0.48	-0.01	0.43	-0.26	0.3	0.4	LBC
SRCE	0.79	0.36		0.85	0.5	0.6	0.85	-0.07	0.83	0.79	SRCE
GSBC	0.84	0.58	0.85		0.61	0.49	0.88	-0.08	0.89	0.88	GSBC
WSBF	0.19	0.48	0.5	0.61		-0.15	0.42	-0.19	0.41	0.54	WSBF
RBKB	0.74	-0.01	0.6	0.49	-0.15		0.55	0.34	0.61	0.39	RBKB
PLBC	0.91	0.43	0.85	0.88	0.42	0.55		-0.11	0.84	0.9	PLBC
FNWD	0.06	-0.26	-0.07	-0.08	-0.19	0.34	-0.11		-0.14	-0.29	FNWD
BWFG	0.79	0.3	0.83	0.89	0.41	0.61	0.84	-0.14		0.91	BWFG
CWBC	0.77	0.4	0.79	0.88	0.54	0.39	0.9	-0.29	0.91		CWBC
	PWOD	LBC	SRCE	GSBC	WSBF	RBKB	PLBC	FNWD	BWFG	CWBC

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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

PLBC	+ 0.91	PWOD
CWBC	+ 0.91	BWFG
CWBC	+ 0.9	PLBC
BWFG	+ 0.89	GSBC
PLBC	+ 0.88	GSBC
CWBC	+ 0.88	GSBC

High negative correlations

CWBC	- 0.29	FNWD
FNWD	- 0.26	LBC
FNWD	- 0.19	WSBF
RBKB	- 0.15	WSBF
BWFG	- 0.14	FNWD
FNWD	- 0.11	PLBC

Risk-Adjusted Indicators

There is a big difference between Popular Pink Sheet performing well and Popular 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'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
PWOD	1.36	0.73	0.50	(3.70)	0.62	(1.75)	5.05	(2.08)	10.18
LBC	2.06	0.10	0.02	0.43	2.16	(2.32)	5.04	(3.88)	10.73
SRCE	1.31	0.15	0.05	1.59	1.45	(1.56)	2.87	(3.40)	15.84
GSBC	1.48	0.08	0.09	0.11	1.69	(1.57)	3.41	(3.32)	19.09
WSBF	1.30	(0.14)	0.00	(0.01)	0.00	0.00	2.56	(2.67)	15.80
RBKB	1.11	0.22	0.14	1.25	0.84	(1.55)	4.15	(1.79)	9.98
PLBC	1.82	0.29	0.09	(4.30)	1.97	(2.10)	4.28	(4.06)	10.80
FNWD	0.97	0.11	0.05	0.36	0.86	(1.23)	2.48	(1.90)	12.55
BWFG	1.49	(0.01)	0.04	0.07	1.77	(1.65)	3.38	(2.42)	17.30
CWBC	1.01	0.00	0.02	0.07	1.13	(1.11)	2.53	(2.16)	9.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in Popular 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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