Heritage Financial Correlations

Stocks . USA . 
Stock . Heritage Financial
HFWA Stock  USD 25.79  0.30  1.18%   
The current 90-days correlation between Heritage Financial and Heritage Commerce Corp is 0.9 (i.e., Almost no diversification). The correlation of Heritage Financial 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.

Heritage Financial Correlation With Market

Poor diversification

The correlation between Heritage Financial and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Heritage Financial 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 Heritage Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
For information on how to trade Heritage Stock refer to our How to Trade Heritage Stock guide.

Moving together with Heritage Stock

  0.98AX Axos FinancialPairCorr
  0.97BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr
  0.96PB Prosperity Bancshares Fiscal Year End 22nd of January 2025 PairCorr
  0.82RF Regions Financial Fiscal Year End 17th of January 2025 PairCorr
  0.8VBNK VersaBank Normal TradingPairCorr
  0.81VBTX Veritex Holdings Fiscal Year End 28th of January 2025 PairCorr
  0.68TECTP Tectonic FinancialPairCorr
  0.87EBTC Enterprise BancorpPairCorr
  0.97EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.85EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.98WABC Westamerica Bancorporation Fiscal Year End 16th of January 2025 PairCorr
  0.64WAFD Washington FederalPairCorr
  0.92WASH Washington Trust Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.89EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.65ESSA ESSA BancorpPairCorr
  0.65EVBN Evans BancorpPairCorr
  0.74WMPN William Penn BancorpPairCorr

Moving against Heritage Stock

  0.49WF Woori Financial GroupPairCorr
  0.49CFG-PE Citizens FinancialPairCorr
  0.46TFC-PO Truist FinancialPairCorr
  0.45TFC-PR Truist FinancialPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Heritage Stock performing well and Heritage Financial 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 Heritage Financial'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.

Heritage Financial Corporate Management

Bryan McDonaldChief Lending Officer and Executive VPProfile
Anthony ChalfantExecutive OfficerProfile
Kaylene LahnSenior SecretaryProfile
Cindy HirmanExecutive BankProfile
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