Bancolombia Correlations

CIB Stock

USD 32.70 0.21 0.64%

The current 90-days correlation between Bancolombia SA ADR and Banco De Chile is 0.33 (i.e., Weak diversification). The correlation of Bancolombia 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.

Bancolombia Correlation With Market

Modest diversification

The correlation between Bancolombia SA ADR and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bancolombia SA ADR 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 Bancolombia SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Bancolombia Stock

0.64	KB	KB Financial Group	Pair Corr
0.62	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.68	VBNK	VersaBank Normal Trading	Pair Corr
0.61	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Bancolombia Stock

0.43	CFG-PE	Citizens Financial	Pair Corr
0.42	TFC-PO	Truist Financial	Pair Corr
0.35	TFC-PR	Truist Financial	Pair Corr
0.32	FRCIL	First Republic Bank	Pair Corr

Related Correlations Analysis

	BCH	BBDO	BSAC	IFS	BAP	BSBR	CFB	CFBK	BLX	BANF
BCH		0.86	0.83	-0.69	-0.6	0.87	-0.2	-0.84	-0.68	-0.8	BCH
BBDO	0.86		0.65	-0.77	-0.72	0.95	-0.16	-0.89	-0.8	-0.85	BBDO
BSAC	0.83	0.65		-0.55	-0.41	0.68	-0.26	-0.6	-0.53	-0.64	BSAC
IFS	-0.69	-0.77	-0.55		0.95	-0.89	-0.11	0.77	0.82	0.69	IFS
BAP	-0.6	-0.72	-0.41	0.95		-0.82	-0.1	0.74	0.8	0.67	BAP
BSBR	0.87	0.95	0.68	-0.89	-0.82		-0.06	-0.9	-0.82	-0.82	BSBR
CFB	-0.2	-0.16	-0.26	-0.11	-0.1	-0.06		0.22	0.17	0.54	CFB
CFBK	-0.84	-0.89	-0.6	0.77	0.74	-0.9	0.22		0.77	0.9	CFBK
BLX	-0.68	-0.8	-0.53	0.82	0.8	-0.82	0.17	0.77		0.81	BLX
BANF	-0.8	-0.85	-0.64	0.69	0.67	-0.82	0.54	0.9	0.81		BANF
	BCH	BBDO	BSAC	IFS	BAP	BSBR	CFB	CFBK	BLX	BANF

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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

BSBR	+ 0.95	BBDO
BAP	+ 0.95	IFS
BANF	+ 0.9	CFBK
BSBR	+ 0.87	BCH
BBDO	+ 0.86	BCH
BSAC	+ 0.83	BCH

High negative correlations

CFBK	- 0.9	BSBR
BSBR	- 0.89	IFS
CFBK	- 0.89	BBDO
BANF	- 0.85	BBDO
CFBK	- 0.84	BCH
BANF	- 0.82	BSBR

Risk-Adjusted Indicators

There is a big difference between Bancolombia Stock performing well and Bancolombia 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 Bancolombia'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
BCH	0.90	(0.21)	0.00	(0.35)	0.00	0.00	1.86	(2.35)	6.77
BBDO	1.54	(0.42)	0.00	4.64	0.00	0.00	2.62	(3.96)	10.00
BSAC	1.05	(0.10)	0.00	1.63	0.00	0.00	2.23	(2.57)	6.65
IFS	1.05	0.18	0.07	0.71	0.91	(1.16)	2.96	(2.22)	5.56
BAP	1.09	0.07	0.01	0.28	1.35	(1.12)	2.64	(2.21)	6.10
BSBR	1.27	(0.52)	0.00	(0.84)	0.00	0.00	1.79	(3.67)	8.65
CFB	1.56	(0.27)	(0.08)	0.00	1.65	(2.07)	3.51	(2.91)	18.20
CFBK	1.94	0.30	0.17	0.33	1.76	(2.37)	6.00	(2.78)	12.35
BLX	1.04	0.02	0.03	0.14	1.04	(1.14)	3.02	(1.68)	8.08
BANF	1.61	(0.04)	0.09	0.11	1.45	(1.99)	3.37	(2.90)	20.44

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