KeyCorp Correlations

Stocks . Brazil . 
Stock . KeyCorp
K1EY34 Stock   106.70  8.62  7.47%   
The current 90-days correlation between KeyCorp and Lloyds Banking Group is -0.08 (i.e., Good diversification). The correlation of KeyCorp 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.

KeyCorp Correlation With Market

Modest diversification

The correlation between KeyCorp and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KeyCorp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to KeyCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KeyCorp 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 KeyCorp - 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 KeyCorp to buy it.

Moving together with KeyCorp Stock

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  0.75A1VY34 A1VY34PairCorr
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  0.87F1RA34 F1RA34PairCorr
  0.76VISA34 Visa IncPairCorr
  0.83MSFT34 MicrosoftPairCorr
  0.64ABTT34 Abbott LaboratoriesPairCorr
  0.68FHER3 Fertilizantes HeringerPairCorr
  0.8AMZO34 Amazon IncPairCorr
  0.74A1VB34 AvalonBay CommunitiesPairCorr
  0.78SSFO34 salesforce incPairCorr
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  0.73A1TM34 A1TM34PairCorr
  0.87MRFG3 Marfrig Global FoodsPairCorr

Moving against KeyCorp Stock

  0.81ITUB4 Ita Unibanco HoldingPairCorr
  0.78ITUB3 Ita Unibanco HoldingPairCorr
  0.63HOND34 Honda MotorPairCorr
  0.52BABA34 Alibaba Group HoldingPairCorr
  0.32L1YG34 Lloyds Banking GroupPairCorr

Related Correlations Analysis

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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   
MSFT34
+ 0.95
AMZO34
A1VY34
+ 0.87
MSFT34
A1VB34
+ 0.86
CTKA3
A1VB34
+ 0.86
AMZO34
MSFT34
+ 0.83
K1EY34
AMZO34
+ 0.83
CTKA3
  
High negative correlations   
A1VB34
- 0.47
L1YG34
CTKA3
- 0.45
L1YG34
AMZO34
- 0.42
L1YG34
RCSL4
- 0.35
L1YG34
K1EY34
- 0.32
L1YG34
MSFT34
- 0.24
L1YG34

Risk-Adjusted Indicators

There is a big difference between KeyCorp Stock performing well and KeyCorp 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 KeyCorp'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in KeyCorp 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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KeyCorp Corporate Management

Elected by the shareholders, the KeyCorp's board of directors comprises two types of representatives: KeyCorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of KeyCorp. The board's role is to monitor KeyCorp's management team and ensure that shareholders' interests are well served. KeyCorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, KeyCorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
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