Bank of Hawaii Correlations
| BOH-PA Preferred Stock | USD 16.78 0.03 0.18% |
The current 90-days correlation between Bank of Hawaii and CullenFrost Bankers is 0.62 (i.e., Poor diversification). The correlation of Bank of Hawaii 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.
Bank of Hawaii Correlation With Market
Average diversification
The correlation between Bank of Hawaii and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of Hawaii and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Bank of Hawaii could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Hawaii 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 Bank of Hawaii - 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 Bank of Hawaii to buy it.
Moving together with Bank Preferred Stock
| 0.75 | TFC-PO | Truist Financial | PairCorr |
| 0.77 | TFC-PR | Truist Financial | PairCorr |
| 0.83 | CFG-PE | Citizens Financial | PairCorr |
| 0.65 | WAFDP | Washington Federal | PairCorr |
Moving against Bank Preferred Stock
| 0.69 | AX | Axos Financial | PairCorr |
| 0.68 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.68 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
| 0.67 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.61 | RF | Regions Financial Fiscal Year End 17th of January 2025 | PairCorr |
| 0.61 | VBNK | VersaBank Fiscal Year End 11th of December 2024 | PairCorr |
| 0.55 | EGBN | Eagle Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.51 | VBTX | Veritex Holdings Fiscal Year End 28th of January 2025 | PairCorr |
| 0.49 | TECTP | Tectonic Financial | PairCorr |
| 0.47 | EBTC | Enterprise Bancorp | PairCorr |
| 0.41 | KB | KB Financial Group | PairCorr |
| 0.73 | WABC | Westamerica Bancorporation Fiscal Year End 16th of January 2025 | PairCorr |
| 0.68 | WCFB | WCF Bancorp | PairCorr |
| 0.62 | EQBK | Equity Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.61 | WASH | Washington Trust Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.61 | WNEB | Western New England Fiscal Year End 28th of January 2025 | PairCorr |
| 0.47 | WMPN | William Penn Bancorp | PairCorr |
| 0.44 | BANC-PF | Banc of California | PairCorr |
| 0.39 | OCFCP | OceanFirst Financial Corp | PairCorr |
| 0.36 | ESSA | ESSA Bancorp | PairCorr |
| 0.33 | WAFD | Washington Federal | PairCorr |
| 0.32 | WSBCP | WesBanco | PairCorr |
Related Correlations Analysis
| 0.84 | 0.61 | 0.8 | 0.82 | CFR-PB | ||
| 0.84 | 0.81 | 0.94 | 0.93 | CFG-PE | ||
| 0.61 | 0.81 | 0.67 | 0.87 | CADE-PA | ||
| 0.8 | 0.94 | 0.67 | 0.87 | TFC-PR | ||
| 0.82 | 0.93 | 0.87 | 0.87 | USB-PR | ||
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Risk-Adjusted Indicators
There is a big difference between Bank Preferred Stock performing well and Bank of Hawaii 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 Bank of Hawaii'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CFR-PB | 0.70 | (0.08) | 0.00 | (0.51) | 0.00 | 1.09 | 3.98 | |||
| CFG-PE | 0.77 | (0.02) | (0.11) | 0.04 | 0.95 | 1.74 | 3.96 | |||
| CADE-PA | 0.65 | 0.04 | (0.06) | 0.34 | 0.82 | 1.28 | 4.35 | |||
| TFC-PR | 0.73 | (0.02) | (0.14) | (0.06) | 0.88 | 1.22 | 4.89 | |||
| USB-PR | 0.66 | (0.02) | 0.00 | 0.54 | 0.00 | 1.10 | 5.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bank of Hawaii 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?
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Bank of Hawaii Corporate Management
| Peter Ho | Pres Chairman | Profile | |
| Mary Sellers | Vice Officer | Profile | |
| Sharon Crofts | Vice Group | Profile | |
| Jeanne Dressel | Controller VP | Profile | |
| Jeff Graves | Ex CTO | Profile | |
| Taryn Salmon | EVP Officer | Profile | |
| Patrick McGuirk | Chief EVP | Profile |