Banc Of Correlations

BANC-PF Stock

25.47 0.13 0.51%

The current 90-days correlation between Banc of California and Byline Bancorp is 0.04 (i.e., Significant diversification). The correlation of Banc Of 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.

Banc Of Correlation With Market

Modest diversification

The correlation between Banc of California and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banc of California 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 Banc of California. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Banc Stock

0.65	TECTP	Tectonic Financial	Pair Corr
0.81	EBTC	Enterprise Bancorp	Pair Corr
0.64	ESSA	ESSA Bancorp	Pair Corr
0.67	EVBN	Evans Bancorp	Pair Corr
0.85	WSBCP	WesBanco	Pair Corr

Moving against Banc Stock

0.66	NU	Nu Holdings Buyout Trend	Pair Corr
0.47	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.45	CFG-PE	Citizens Financial	Pair Corr
0.43	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.4	TFC-PO	Truist Financial	Pair Corr
0.34	TFC-PR	Truist Financial	Pair Corr
0.34	WAFD	Washington Federal	Pair Corr
0.32	ECBK	ECB Bancorp	Pair Corr
0.32	KEY-PK	KeyCorp	Pair Corr
0.31	KEY-PJ	KeyCorp	Pair Corr
0.81	FRCIL	First Republic Bank	Pair Corr
0.78	FRCHL	First Republic Bank	Pair Corr
0.77	FRCCL	First Republic Bank	Pair Corr
0.77	FRCKL	First Republic Bank	Pair Corr
0.77	FRCML	First Republic Bank	Pair Corr
0.71	FRCLL	First Republic Bank	Pair Corr
0.7	SBNYL	Signature Bank	Pair Corr
0.69	FCAP	First Capital	Pair Corr
0.61	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	AX	BY	KB	NU	PB	RF	WF	VABK	VBFC	VBNK
AX		0.97	0.28	0.19	0.87	0.94	0.4	0.69	0.2	0.78	AX
BY	0.97		0.16	0.1	0.85	0.89	0.31	0.68	0.27	0.71	BY
KB	0.28	0.16		0.77	0.2	0.46	0.88	0.43	-0.45	0.55	KB
NU	0.19	0.1	0.77		0.03	0.29	0.73	0.52	-0.43	0.44	NU
PB	0.87	0.85	0.2	0.03		0.87	0.31	0.51	0.25	0.68	PB
RF	0.94	0.89	0.46	0.29	0.87		0.56	0.62	0.12	0.84	RF
WF	0.4	0.31	0.88	0.73	0.31	0.56		0.65	-0.51	0.73	WF
VABK	0.69	0.68	0.43	0.52	0.51	0.62	0.65		-0.23	0.8	VABK
VBFC	0.2	0.27	-0.45	-0.43	0.25	0.12	-0.51	-0.23		-0.08	VBFC
VBNK	0.78	0.71	0.55	0.44	0.68	0.84	0.73	0.8	-0.08		VBNK
	AX	BY	KB	NU	PB	RF	WF	VABK	VBFC	VBNK

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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

BY	+ 0.97	AX
RF	+ 0.94	AX
RF	+ 0.89	BY
WF	+ 0.88	KB
PB	+ 0.87	AX
RF	+ 0.87	PB

High negative correlations

VBFC	- 0.51	WF
VBFC	- 0.45	KB
VBFC	- 0.43	NU
VBFC	- 0.23	VABK
VBNK	- 0.08	VBFC

Risk-Adjusted Indicators

There is a big difference between Banc Stock performing well and Banc Of 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 Banc Of'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
AX	1.88	0.06	0.02	0.14	1.94	(2.43)	3.48	(2.76)	27.27
BY	1.42	0.14	0.06	0.35	1.54	(1.65)	2.89	(2.72)	21.89
KB	1.46	(0.18)	0.00	(0.14)	0.00	0.00	2.76	(2.87)	18.20
NU	2.08	(0.25)	0.00	(0.45)	0.00	0.00	4.25	(4.97)	15.44
PB	1.17	0.16	0.07	1.78	1.11	(1.45)	2.55	(1.73)	13.44
RF	1.21	0.04	0.01	0.16	1.42	(1.52)	2.43	(2.26)	16.77
WF	0.95	(0.19)	0.00	(0.43)	0.00	0.00	1.59	(2.34)	7.69
VABK	1.56	(0.16)	0.00	(0.39)	0.00	0.00	3.06	(3.46)	9.37
VBFC	1.53	0.78	0.68	(1.31)	0.00	(2.41)	1.03	(1.15)	44.84
VBNK	1.94	(0.11)	0.00	(0.32)	0.00	0.00	3.94	(3.71)	15.62

Banc Of Corporate Management

Ido JD	General VP	Profile
Bryan Corsini	Chief VP	Profile
Michael David	Executive BankingWest	Profile
Monica Sparks	Executive Officer	Profile
Robert Dyck	Senior Officer	Profile

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