Glacier Bancorp Correlations

GBCI Stock

USD 58.37 1.28 2.24%

The current 90-days correlation between Glacier Bancorp and CVB Financial is 0.84 (i.e., Very poor diversification). The correlation of Glacier Bancorp 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.

Glacier Bancorp Correlation With Market

Poor diversification

The correlation between Glacier Bancorp and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Glacier Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glacier 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 main economic indicators.

For more detail on how to invest in Glacier Stock please use our How to Invest in Glacier Bancorp guide.

Moving together with Glacier Stock

0.89	AX	Axos Financial	Pair Corr
0.89	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.91	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.95	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.9	VBNK	VersaBank Normal Trading	Pair Corr
0.92	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.81	TECTP	Tectonic Financial	Pair Corr
0.77	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.9	EBTC	Enterprise Bancorp	Pair Corr
0.73	ECBK	ECB Bancorp	Pair Corr
0.93	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.96	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.64	KEY-PJ	KeyCorp	Pair Corr
0.65	KEY-PK	KeyCorp	Pair Corr
0.62	KEY-PL	KeyCorp	Pair Corr
0.91	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.96	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.94	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.74	ESSA	ESSA Bancorp	Pair Corr
0.76	EVBN	Evans Bancorp	Pair Corr
0.97	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.75	WSBCP	WesBanco	Pair Corr
0.89	WMPN	William Penn Bancorp	Pair Corr

Moving against Glacier Stock

0.55	TFC-PO	Truist Financial	Pair Corr
0.53	WF	Woori Financial Group	Pair Corr
0.5	TFC-PR	Truist Financial	Pair Corr
0.49	CFG-PE	Citizens Financial	Pair Corr
0.33	FRCIL	First Republic Bank	Pair Corr

Related Correlations Analysis

	CVBF	IBTX	COLB	FFIN	BANF	BOKF	FFBC	FBNC	HTLF	HTBK
CVBF		0.94	0.96	0.91	0.96	0.94	0.9	0.9	0.97	0.79	CVBF
IBTX	0.94		0.89	0.96	0.96	0.95	0.91	0.97	0.97	0.87	IBTX
COLB	0.96	0.89		0.85	0.92	0.9	0.79	0.82	0.94	0.67	COLB
FFIN	0.91	0.96	0.85		0.95	0.93	0.89	0.97	0.95	0.88	FFIN
BANF	0.96	0.96	0.92	0.95		0.96	0.93	0.94	0.97	0.85	BANF
BOKF	0.94	0.95	0.9	0.93	0.96		0.86	0.94	0.95	0.76	BOKF
FFBC	0.9	0.91	0.79	0.89	0.93	0.86		0.91	0.89	0.95	FFBC
FBNC	0.9	0.97	0.82	0.97	0.94	0.94	0.91		0.94	0.89	FBNC
HTLF	0.97	0.97	0.94	0.95	0.97	0.95	0.89	0.94		0.81	HTLF
HTBK	0.79	0.87	0.67	0.88	0.85	0.76	0.95	0.89	0.81		HTBK
	CVBF	IBTX	COLB	FFIN	BANF	BOKF	FFBC	FBNC	HTLF	HTBK

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Risk-Adjusted Indicators

There is a big difference between Glacier Stock performing well and Glacier 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 Glacier 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
CVBF	1.70	0.24	0.24	0.19	1.23	(2.06)	4.67	(2.48)	21.39
IBTX	1.70	0.03	0.10	0.11	1.55	(2.08)	3.90	(3.04)	17.98
COLB	1.61	0.20	0.20	0.19	1.28	(1.82)	4.16	(2.52)	16.43
FFIN	1.46	0.04	0.12	0.12	1.18	(1.71)	2.82	(2.03)	17.03
BANF	1.64	0.05	0.13	0.12	1.43	(2.11)	3.67	(2.90)	20.44
BOKF	1.41	0.03	0.08	0.11	1.39	(1.47)	2.70	(2.18)	15.50
FFBC	1.60	0.02	0.09	0.11	1.54	(1.96)	3.93	(3.41)	18.14
FBNC	1.53	0.00	0.07	0.10	1.54	(1.80)	3.82	(2.51)	16.50
HTLF	1.55	0.14	0.17	0.16	1.25	(1.74)	3.75	(2.49)	17.05
HTBK	1.43	(0.03)	0.06	0.09	1.39	(1.88)	3.53	(2.24)	17.09

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