Brookline Bancorp Correlations

BRKL Stock

USD 12.00 0.08 0.67%

The current 90-days correlation between Brookline Bancorp and Heritage Commerce Corp is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brookline Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookline Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Brookline Bancorp Correlation With Market

Average diversification

The correlation between Brookline Bancorp and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookline Bancorp 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 Brookline Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Brookline Stock please use our How to buy in Brookline Stock guide.

Moving together with Brookline Stock

0.9	AX	Axos Financial	Pair Corr
0.94	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.91	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.81	RF	Regions Financial	Pair Corr
0.65	VBFC	Village Bank Earnings Call This Week	Pair Corr
0.75	VBTX	Veritex Holdings Earnings Call This Week	Pair Corr
0.67	EBTC	Enterprise Bancorp Earnings Call This Week	Pair Corr
0.96	EFSC	Enterprise Financial Earnings Call Tomorrow	Pair Corr
0.84	EGBN	Eagle Bancorp Earnings Call This Week	Pair Corr
0.86	WABC	Westamerica Bancorporation	Pair Corr
0.78	BANC-PF	Banc of California Earnings Call This Week	Pair Corr
0.75	EQBK	Equity Bancshares, Earnings Call This Week	Pair Corr
0.68	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.91	EVBN	Evans Bancorp	Pair Corr
0.88	EWBC	East West Bancorp Earnings Call This Week	Pair Corr
0.69	WNEB	Western New England Earnings Call This Week	Pair Corr

Moving against Brookline Stock

0.43	KEY-PI	KeyCorp Earnings Call This Week	Pair Corr
0.39	CFG-PE	Citizens Financial	Pair Corr
0.37	TFC-PR	Truist Financial	Pair Corr
0.83	FRCIL	First Republic Bank	Pair Corr
0.73	FRCHL	First Republic Bank	Pair Corr
0.72	FRCCL	First Republic Bank	Pair Corr
0.72	FRCKL	First Republic Bank	Pair Corr
0.71	FRCML	First Republic Bank	Pair Corr
0.65	FRCLL	First Republic Bank	Pair Corr
0.61	SBNYL	Signature Bank	Pair Corr
0.55	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	HTBK	CATC	EBC	HONE	KRNY	EQBK	HFWA	FVCB	BWFG	BSRR
HTBK		0.04	0.76	0.68	0.88	0.91	0.72	0.81	0.78	0.77	HTBK
CATC	0.04		0.46	-0.21	0.23	0.16	0.48	-0.28	0.31	0.3	CATC
EBC	0.76	0.46		0.6	0.92	0.88	0.93	0.59	0.9	0.93	EBC
HONE	0.68	-0.21	0.6		0.71	0.73	0.39	0.77	0.52	0.62	HONE
KRNY	0.88	0.23	0.92	0.71		0.94	0.88	0.73	0.87	0.93	KRNY
EQBK	0.91	0.16	0.88	0.73	0.94		0.82	0.83	0.85	0.89	EQBK
HFWA	0.72	0.48	0.93	0.39	0.88	0.82		0.53	0.89	0.92	HFWA
FVCB	0.81	-0.28	0.59	0.77	0.73	0.83	0.53		0.63	0.7	FVCB
BWFG	0.78	0.31	0.9	0.52	0.87	0.85	0.89	0.63		0.83	BWFG
BSRR	0.77	0.3	0.93	0.62	0.93	0.89	0.92	0.7	0.83		BSRR
	HTBK	CATC	EBC	HONE	KRNY	EQBK	HFWA	FVCB	BWFG	BSRR

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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

EQBK	+ 0.94	KRNY
HFWA	+ 0.93	EBC
BSRR	+ 0.93	EBC
BSRR	+ 0.93	KRNY
KRNY	+ 0.92	EBC
BSRR	+ 0.92	HFWA

High negative correlations

FVCB	- 0.28	CATC
HONE	- 0.21	CATC

Risk-Adjusted Indicators

There is a big difference between Brookline Stock performing well and Brookline Bancorp 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 Brookline Bancorp'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
HTBK	1.31	(0.06)	0.00	(0.43)	0.00	0.00	2.85	(2.89)	17.80
CATC	1.49	0.19	0.10	1.56	1.59	(1.68)	3.56	(2.51)	7.89
EBC	1.48	0.08	0.03	0.19	1.90	(1.57)	3.19	(3.79)	18.37
HONE	1.48	(0.12)	0.00	(0.22)	0.00	0.00	2.54	(3.78)	17.42
KRNY	1.99	0.09	0.03	0.22	2.21	(2.30)	3.81	(3.60)	24.16
EQBK	1.42	0.04	0.02	0.11	1.57	(1.74)	3.20	(2.65)	14.55
HFWA	1.51	0.20	0.09	0.36	1.81	(1.53)	2.80	(3.06)	21.63
FVCB	2.24	(0.12)	0.00	(0.16)	0.00	0.00	4.63	(5.31)	16.48
BWFG	1.79	0.05	0.02	0.13	2.22	(1.97)	3.97	(2.89)	18.77
BSRR	1.85	0.09	0.03	0.19	2.47	(2.08)	3.61	(3.33)	26.66

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