Home Bancorp Correlations

HBCP Stock

USD 50.00 0.42 0.85%

The current 90-days correlation between Home Bancorp and Community West Bancshares is 0.09 (i.e., Significant diversification). The correlation of Home 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Home Bancorp Correlation With Market

Modest diversification

The correlation between Home Bancorp and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Home 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 Home 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.

To learn how to invest in Home Stock, please use our How to Invest in Home Bancorp guide.

Moving together with Home Stock

0.8	AX	Axos Financial	Pair Corr
0.83	BY	Byline Bancorp	Pair Corr
0.8	PB	Prosperity Bancshares	Pair Corr
0.83	RF	Regions Financial	Pair Corr
0.76	VABK	Virginia National	Pair Corr
0.72	VBNK	VersaBank	Pair Corr
0.78	VBTX	Veritex Holdings	Pair Corr
0.8	TFC-PI	Truist Financial	Pair Corr
0.73	EBMT	Eagle Bancorp Montana	Pair Corr
0.75	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.87	EGBN	Eagle Bancorp	Pair Corr
0.7	KEY-PJ	KeyCorp	Pair Corr
0.75	KEY-PK	KeyCorp	Pair Corr
0.85	WABC	Westamerica Bancorporation	Pair Corr
0.67	WAFD	Washington Federal	Pair Corr
0.82	WASH	Washington Trust Bancorp	Pair Corr
0.91	EQBK	Equity Bancshares,	Pair Corr
0.64	ESSA	ESSA Bancorp	Pair Corr
0.85	EWBC	East West Bancorp	Pair Corr
0.89	WMPN	William Penn Bancorp	Pair Corr

Related Correlations Analysis

	HFBL	CWBC	HVBC	OFED	CULL	FFNW	FCAP	HMNF	HTBI	FNWB
HFBL		-0.48	0.12	-0.59	-0.19	-0.64	-0.2	0.37	-0.34	-0.14	HFBL
CWBC	-0.48		0.33	0.14	-0.06	0.51	-0.45	-0.19	0.73	0.68	CWBC
HVBC	0.12	0.33		-0.25	-0.54	-0.08	-0.34	0.4	0.57	0.61	HVBC
OFED	-0.59	0.14	-0.25		0.36	0.75	0.64	-0.34	0.3	-0.04	OFED
CULL	-0.19	-0.06	-0.54	0.36		0.31	0.22	-0.5	-0.34	-0.17	CULL
FFNW	-0.64	0.51	-0.08	0.75	0.31		0.37	-0.62	0.45	0.23	FFNW
FCAP	-0.2	-0.45	-0.34	0.64	0.22	0.37		-0.28	-0.21	-0.43	FCAP
HMNF	0.37	-0.19	0.4	-0.34	-0.5	-0.62	-0.28		0.07	-0.1	HMNF
HTBI	-0.34	0.73	0.57	0.3	-0.34	0.45	-0.21	0.07		0.69	HTBI
FNWB	-0.14	0.68	0.61	-0.04	-0.17	0.23	-0.43	-0.1	0.69		FNWB
	HFBL	CWBC	HVBC	OFED	CULL	FFNW	FCAP	HMNF	HTBI	FNWB

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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

FFNW	+ 0.75	OFED
HTBI	+ 0.73	CWBC
FNWB	+ 0.69	HTBI
FNWB	+ 0.68	CWBC
FCAP	+ 0.64	OFED
FNWB	+ 0.61	HVBC

High negative correlations

FFNW	- 0.64	HFBL
HMNF	- 0.62	FFNW
OFED	- 0.59	HFBL
CULL	- 0.54	HVBC
HMNF	- 0.5	CULL
CWBC	- 0.48	HFBL

Risk-Adjusted Indicators

There is a big difference between Home Stock performing well and Home 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 Home 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
HFBL	1.48	0.08	(0.01)	(0.16)	2.08	(2.18)	5.67	(4.53)	13.83
CWBC	1.08	0.05	(0.02)	0.51	1.27	(1.16)	2.53	(1.95)	11.26
HVBC	1.51	0.34	0.09	43.04	2.03	(1.59)	2.68	(4.11)	18.63
OFED	2.13	(0.27)	0.00	(0.85)	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.10)	0.00	0.50	0.00	0.00	1.18	(1.64)	4.73
FFNW	0.80	(0.12)	0.00	(0.35)	0.00	0.00	1.58	(1.74)	4.32
FCAP	1.57	(0.06)	0.00	0.54	0.00	0.00	4.54	(3.38)	11.75
HMNF	1.88	0.44	0.13	(0.82)	1.85	(2.37)	4.29	(3.19)	13.15
HTBI	1.51	0.13	0.05	0.31	1.66	(1.79)	2.80	(2.27)	18.89
FNWB	1.26	(0.02)	(0.04)	0.06	1.53	(1.38)	2.98	(2.74)	8.98

Home Bancorp Corporate Management

Darren Guidry	Chief Credit Officer, Executive VP, Chief Credit Officer of Home Bank and Executive VP of Home Bank	Profile
Natalie Lemoine	Chief EVP	Profile
Daniel Guidry	Independent Secretary	Profile
John IV	Senior Officer	Profile

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