ING Groep Correlations

ING
 Stock
  

USD 9.82  0.08  0.82%   

The correlation of ING Groep is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ING Groep moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ING Groep NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Please see Risk vs Return Analysis.
  
The ability to find closely correlated positions to ING Groep could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ING Groep 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 ING Groep - 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 ING Groep NV to buy it.

Moving together with ING Groep

0.88BCSBarclays Plc ADRPairCorr
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0.73BNSBank of Nova Scotia Fiscal Year End 29th of November 2022 PairCorr
0.66CSCredit Suisse GroupPairCorr
0.69HSBCHSBC Holdings PlcPairCorr
0.69JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr
0.79BBDBanco Bradesco SaPairCorr
0.68BCHBanco DE ChilePairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
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BACMUFG
CEWBC
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JPMEWBC
  
High negative correlations   
LZBMUFG
LZBJPM

ING Groep Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between ING Groep stock performing well and ING Groep company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze ING Groep's multiple risk-adjusted performance indicators. 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 ING Groep without increasing your portfolio risk or giving up 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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ING Groep Corporate Management

Elected by the shareholders, the ING Groep's board of directors comprises two types of representatives: ING Groep inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ING Groep. The board's role is to monitor ING Groep's management team and ensure that shareholders' interests are well served. ING Groep'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, ING Groep's outside directors are responsible for providing unbiased perspectives on the board's policies.
Henk Breukink - Member of the Supervisory BoardProfile
Ljiljana Cortan - Chief Risk Officer, Member of the Management Board Banking, Member of the Executive BoardProfile
J Colombas - Independent Member of the Supervisory BoardProfile
G Wijers - Independent Chairman of the Supervisory BoardProfile
Robert Reibestein - Independent Member of the Supervisory BoardProfile
A Rees - Independent Vice Chairman of the Supervisory BoardProfile
Wilfred Nagel - Member of the Management Board, Chief Risk OfficerProfile

Invested in ING Groep NV?

You need to understand the risk of investing before taking a position in ING Groep. The danger of trading ING Groep NV is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ING Groep is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ING Groep. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ING Groep NV is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please see Risk vs Return Analysis. Note that the ING Groep NV information on this page should be used as a complementary analysis to other ING Groep's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running ING Groep NV price analysis, check to measure ING Groep's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ING Groep is operating at the current time. Most of ING Groep's value examination focuses on studying past and present price action to predict the probability of ING Groep's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ING Groep's price. Additionally, you may evaluate how the addition of ING Groep to your portfolios can decrease your overall portfolio volatility.
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Is ING Groep's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ING Groep. If investors know ING Groep will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ING Groep listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.16
Market Capitalization
36.5 B
Quarterly Revenue Growth YOY
-0.013
Return On Assets
0.0041
Return On Equity
0.0745
The market value of ING Groep NV is measured differently than its book value, which is the value of ING Groep that is recorded on the company's balance sheet. Investors also form their own opinion of ING Groep's value that differs from its market value or its book value, called intrinsic value, which is ING Groep's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ING Groep's market value can be influenced by many factors that don't directly affect ING Groep's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ING Groep's value and its price as these two are different measures arrived at by different means. Investors typically determine ING Groep value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ING Groep's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.