Which stocks are most correlated with CIB?

Based on one year of daily returns, the stocks most correlated with Grupo Cibest S.A. American Depositary Shares (each representing four (4) Preferred Shares) (CIB) are COLO (0.76), BSAC (0.56) and IDVO (0.53). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with CIB?

Over the past year, the stocks most inversely correlated with Grupo Cibest S.A. American Depositary Shares (each representing four (4) Preferred Shares) (CIB) are BZQ (-0.45), EDZ (-0.43) and EEV (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.

Grupo Cibest S.A. American Depositary Shares (each representing four (4) Preferred Shares) (CIB) — Stock Correlations & Overview

Over the past year, CIB has moved most closely with COLO, BSAC, IDVO. Explore the stocks most correlated and inversely correlated with CIB below, along with its price, financials, and company profile.

Stocks correlated with CIB

Correlation of daily returns. Higher positive values move with CIB; negative values move opposite it. Informational only, not investment advice.

Most correlated with CIB

Symbol	Company	Correlation
COLO	Global X MSCI Colombia ETF	0.76
BSAC	Banco Santander-Chile	0.56
IDVO	Amplify CWP International Enhanced Dividend Income ETF	0.53
ILF	iShares Latin America 40 ETF	0.53
BCH	Banco de ChileAmerican Depositary Shares (Each representing 200 shares of Common Stock)	0.52

Most inversely correlated with CIB

Symbol	Company	Correlation
BZQ	ProShares UltraShort MSCI Brazil Capped	-0.45
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.43
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.43
EUM	ProShares Trust Short MSCI Emerging Markets	-0.43
EPV	ProShares UltraShort FTSE Europe	-0.41

Frequently asked questions about CIB correlations

Which stocks are most correlated with CIB?: Based on one year of daily returns, the stocks most correlated with Grupo Cibest S.A. American Depositary Shares (each representing four (4) Preferred Shares) (CIB) are COLO (0.76), BSAC (0.56) and IDVO (0.53). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with CIB?: Over the past year, the stocks most inversely correlated with Grupo Cibest S.A. American Depositary Shares (each representing four (4) Preferred Shares) (CIB) are BZQ (-0.45), EDZ (-0.43) and EEV (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these CIB correlations calculated?: We compute the correlation of daily returns between CIB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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