Zions Bancorporation Correlations

ZB1 Stock  EUR 51.49  0.00  0.00%   
The current 90-days correlation between Zions Bancorporation and KB HOME is 0.04 (i.e., Significant diversification). The correlation of Zions Bancorporation 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.

Zions Bancorporation Correlation With Market

Weak diversification

The correlation between Zions Bancorp. National and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zions Bancorp. National and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Zions Bancorporation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zions Bancorporation 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 Zions Bancorporation - 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 Zions Bancorporation National to buy it.

Moving together with Zions Stock

  0.97UB5 US BancorpPairCorr
  0.98PNP PNC FinancialPairCorr
  0.97FFH Fifth Third BancorpPairCorr
  0.98MTZ MT Bank CorpPairCorr
  0.99HU3 Huntington BancsharesPairCorr
  0.98RN7 Regions FinancialPairCorr
  0.981C5 Citizens FinancialPairCorr
  0.98KEY KeyCorpPairCorr
  0.75SVM Sovereign MetalsPairCorr
  0.84NDA Aurubis AGPairCorr
  0.95EMR EMERSON ELECTRICPairCorr
  0.87G6G GrafTech InternationalPairCorr
  0.74TL0 Tesla IncPairCorr
  0.96GM0N GLOBUS MEDICAL APairCorr
  0.91UFH US Foods HoldingPairCorr
  0.87OCBA Oversea Chinese BankingPairCorr
  0.83GTX GentexPairCorr
  0.89NSE Nomura HoldingsPairCorr
  0.953EC Eaton PLCPairCorr
  0.65DGS Envela CorpPairCorr
  0.77HDFA HDFC Bank LimitedPairCorr
  0.93G8L GREENLIGHT CAP REPairCorr
  0.9J7Z Jazz Pharmaceuticals plcPairCorr
  0.7389W GRUPO ECOENER EOPairCorr

Moving against Zions Stock

  0.938VY SCANDION ONC DKPairCorr
  0.62ODQ ODYSSEY GOLD LTDPairCorr
  0.66LHL1 Lenovo Group LimitedPairCorr
  0.58CN6 BII Railway TransporPairCorr
  0.39CKS2 GOME Retail HoldingsPairCorr
  0.56CHK China Resources BeerPairCorr
  0.36TSI Tsingtao BreweryPairCorr

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   
THMKBH
PIJ47X
KBHI8M
THMI8M
KBH47X
I8M47X
  
High negative correlations   
PIJCEK
47XCEK
KBHCEK
THMPIJ

Risk-Adjusted Indicators

There is a big difference between Zions Stock performing well and Zions Bancorporation 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 Zions Bancorporation'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 Zions Bancorporation 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 Portfolio Diagnostics Now

   

Portfolio Diagnostics

Use generated alerts and portfolio events aggregator to diagnose current holdings
All  Next Launch Module

Zions Bancorporation Corporate Management

Elected by the shareholders, the Zions Bancorporation's board of directors comprises two types of representatives: Zions Bancorporation inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zions. The board's role is to monitor Zions Bancorporation's management team and ensure that shareholders' interests are well served. Zions Bancorporation'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, Zions Bancorporation's outside directors are responsible for providing unbiased perspectives on the board's policies.