Hingham Institution Correlations

HIFS Stock

USD 260.96 9.61 3.55%

The current 90-days correlation between Hingham Institution for and First United is 0.1 (i.e., Average diversification). The correlation of Hingham Institution 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.

Hingham Institution Correlation With Market

Weak diversification

The correlation between Hingham Institution for and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hingham Institution for 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 Hingham Institution for. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Hingham Stock

0.63	AX	Axos Financial	Pair Corr
0.76	BY	Byline Bancorp	Pair Corr
0.71	PB	Prosperity Bancshares	Pair Corr
0.64	RF	Regions Financial	Pair Corr
0.64	WF	Woori Financial Group	Pair Corr
0.62	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.67	VBTX	Veritex Holdings	Pair Corr
0.82	TFC-PI	Truist Financial	Pair Corr
0.62	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.71	EFSC	Enterprise Financial	Pair Corr
0.64	EGBN	Eagle Bancorp	Pair Corr
0.72	KEY-PJ	KeyCorp	Pair Corr
0.68	KEY-PK	KeyCorp	Pair Corr
0.67	WASH	Washington Trust Bancorp	Pair Corr
0.75	EQBK	Equity Bancshares,	Pair Corr
0.64	EVBN	Evans Bancorp	Pair Corr
0.74	WMPN	William Penn Bancorp	Pair Corr

Moving against Hingham Stock

0.43	VBFC	Village Bank	Pair Corr
0.69	EFSI	Eagle Financial Services	Pair Corr

Related Correlations Analysis

	FUNC	FCCO	GCBC	CWBC	CVCY	MVBF	TBBK	USCB	WAFD	FFIN
FUNC		0.75	0.08	0.16	0.0	0.18	0.5	0.48	-0.04	0.22	FUNC
FCCO	0.75		0.02	0.28	0.0	0.16	0.69	0.75	-0.12	0.35	FCCO
GCBC	0.08	0.02		0.84	0.0	0.85	-0.18	0.25	0.89	0.81	GCBC
CWBC	0.16	0.28	0.84		0.0	0.91	0.12	0.58	0.86	0.92	CWBC
CVCY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CVCY
MVBF	0.18	0.16	0.85	0.91	0.0		0.02	0.42	0.83	0.79	MVBF
TBBK	0.5	0.69	-0.18	0.12	0.0	0.02		0.7	-0.24	0.22	TBBK
USCB	0.48	0.75	0.25	0.58	0.0	0.42	0.7		0.2	0.65	USCB
WAFD	-0.04	-0.12	0.89	0.86	0.0	0.83	-0.24	0.2		0.81	WAFD
FFIN	0.22	0.35	0.81	0.92	0.0	0.79	0.22	0.65	0.81		FFIN
	FUNC	FCCO	GCBC	CWBC	CVCY	MVBF	TBBK	USCB	WAFD	FFIN

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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

FFIN	+ 0.92	CWBC
MVBF	+ 0.91	CWBC
WAFD	+ 0.89	GCBC
WAFD	+ 0.86	CWBC
MVBF	+ 0.85	GCBC
CWBC	+ 0.84	GCBC

High negative correlations

WAFD	- 0.24	TBBK
TBBK	- 0.18	GCBC
WAFD	- 0.12	FCCO
WAFD	- 0.04	FUNC
FFIN	- 0.0	CVCY
WAFD	- 0.0	CVCY

Risk-Adjusted Indicators

There is a big difference between Hingham Stock performing well and Hingham Institution 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 Hingham Institution'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
FUNC	1.24	0.12	0.07	0.28	1.46	(1.49)	2.50	(3.14)	14.53
FCCO	1.14	0.08	0.05	0.34	1.51	(1.26)	3.02	(2.05)	8.37
GCBC	1.26	(0.34)	0.00	(4.31)	0.00	0.00	2.31	(2.93)	8.53
CWBC	0.99	(0.13)	0.00	(0.15)	0.00	0.00	2.45	(2.17)	6.94
CVCY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MVBF	1.64	(0.21)	0.00	(0.21)	0.00	0.00	2.88	(4.54)	11.78
TBBK	1.58	(0.08)	0.00	(0.10)	0.00	0.00	3.87	(3.04)	9.69
USCB	1.59	(0.11)	0.00	(0.18)	0.00	0.00	3.15	(3.03)	10.82
WAFD	1.32	(0.33)	0.00	0.71	0.00	0.00	2.49	(3.33)	8.96
FFIN	1.30	(0.17)	0.00	1.42	0.00	0.00	3.22	(2.14)	9.53

Hingham Institution Corporate Management

Eileen CPA	VP Treasurer	Profile
Holly Cirignano	VP Staff	Profile
Kayla Gaspar	VP Marketing	Profile
Jeremy Martin	VP Officer	Profile
Cristian CFA	VP CFO	Profile

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