Bank of Hawaii Correlations

BOH Stock

USD 80.28 2.33 2.99%

The current 90-days correlation between Bank of Hawaii and First Bancorp is 0.79 (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

Poor diversification

The correlation between Bank of Hawaii and DJI is 0.63 (i.e., Poor 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Hawaii. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Bank Stock please use our How to Invest in Bank of Hawaii guide.

Moving together with Bank Stock

0.92	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.92	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.87	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.87	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.87	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.78	TECTP	Tectonic Financial	Pair Corr
0.66	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.88	EBTC	Enterprise Bancorp	Pair Corr
0.62	ECBK	ECB Bancorp	Pair Corr
0.94	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.93	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.88	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.94	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.86	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.69	ESSA	ESSA Bancorp	Pair Corr
0.73	EVBN	Evans Bancorp	Pair Corr
0.94	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.69	WSBCP	WesBanco	Pair Corr
0.83	WMPN	William Penn Bancorp	Pair Corr

Moving against Bank Stock

0.61	TFC-PO	Truist Financial	Pair Corr
0.61	CFG-PE	Citizens Financial	Pair Corr
0.59	TFC-PR	Truist Financial	Pair Corr
0.53	WF	Woori Financial Group	Pair Corr

Related Correlations Analysis

	CPF	TBNK	FBP	HWC	FHB	FISI	HFWA	WMPN	PKBK	NBHC
CPF		0.77	0.49	0.85	0.77	0.84	0.76	0.79	0.86	0.76	CPF
TBNK	0.77		0.24	0.59	0.49	0.53	0.45	0.74	0.63	0.51	TBNK
FBP	0.49	0.24		0.52	0.36	0.72	0.42	0.11	0.3	0.29	FBP
HWC	0.85	0.59	0.52		0.96	0.81	0.97	0.82	0.89	0.94	HWC
FHB	0.77	0.49	0.36	0.96		0.75	0.99	0.8	0.92	0.97	FHB
FISI	0.84	0.53	0.72	0.81	0.75		0.77	0.52	0.79	0.69	FISI
HFWA	0.76	0.45	0.42	0.97	0.99	0.77		0.76	0.91	0.96	HFWA
WMPN	0.79	0.74	0.11	0.82	0.8	0.52	0.76		0.83	0.81	WMPN
PKBK	0.86	0.63	0.3	0.89	0.92	0.79	0.91	0.83		0.89	PKBK
NBHC	0.76	0.51	0.29	0.94	0.97	0.69	0.96	0.81	0.89		NBHC
	CPF	TBNK	FBP	HWC	FHB	FISI	HFWA	WMPN	PKBK	NBHC

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Risk-Adjusted Indicators

There is a big difference between Bank 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
CPF	1.79	0.08	0.10	0.16	1.95	(2.12)	4.47	(3.43)	17.89
TBNK	1.89	0.02	0.07	0.13	2.01	(2.14)	4.63	(2.88)	15.39
FBP	1.61	(0.21)	(0.02)	0.03	2.10	(1.70)	2.90	(3.55)	19.73
HWC	1.60	0.00	0.11	0.12	1.35	(1.94)	2.94	(2.41)	19.74
FHB	1.35	0.05	0.11	0.15	1.39	(1.64)	2.82	(2.66)	16.01
FISI	1.75	(0.06)	0.06	0.10	1.80	(2.04)	4.07	(3.22)	18.30
HFWA	1.64	0.05	0.10	0.14	1.59	(1.74)	3.50	(2.26)	19.67
WMPN	0.86	0.10	0.05	0.29	0.77	(1.05)	2.23	(1.43)	6.97
PKBK	1.15	0.14	0.14	0.22	0.96	(1.29)	2.75	(1.88)	9.72
NBHC	1.63	0.02	0.08	0.13	1.62	(1.94)	3.29	(2.64)	17.64

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