Hilltop Holdings Correlations

HTH Stock

USD 31.80 0.37 1.15%

The current 90-days correlation between Hilltop Holdings and SVB T Corp is 0.24 (i.e., Modest diversification). The correlation of Hilltop Holdings 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.

Hilltop Holdings Correlation With Market

Poor diversification

The correlation between Hilltop Holdings and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hilltop Holdings 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 Hilltop Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with Hilltop Stock

0.8

WAFD

Washington Federal

Pair Corr

Moving against Hilltop Stock

0.36	TFINP	Triumph Financial	Pair Corr
0.32	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	SVBT	FCAP	PBKC	LBNW	FCCTP	CDAB	HFBL	FFNW	FNWB
SVBT		0.41	0.77	0.59	0.81	0.38	0.12	-0.12	-0.18	SVBT
FCAP	0.41		0.26	0.11	0.63	-0.35	0.14	-0.09	-0.65	FCAP
PBKC	0.77	0.26		0.68	0.75	0.48	0.15	-0.26	-0.05	PBKC
LBNW	0.59	0.11	0.68		0.59	0.09	0.18	-0.11	-0.09	LBNW
FCCTP	0.81	0.63	0.75	0.59		0.01	0.22	-0.19	-0.38	FCCTP
CDAB	0.38	-0.35	0.48	0.09	0.01		-0.01	-0.19	0.49	CDAB
HFBL	0.12	0.14	0.15	0.18	0.22	-0.01		-0.04	0.02	HFBL
FFNW	-0.12	-0.09	-0.26	-0.11	-0.19	-0.19	-0.04		0.3	FFNW
FNWB	-0.18	-0.65	-0.05	-0.09	-0.38	0.49	0.02	0.3		FNWB
	SVBT	FCAP	PBKC	LBNW	FCCTP	CDAB	HFBL	FFNW	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

FCCTP	+ 0.81	SVBT
PBKC	+ 0.77	SVBT
FCCTP	+ 0.75	PBKC
LBNW	+ 0.68	PBKC
FCCTP	+ 0.63	FCAP
LBNW	+ 0.59	SVBT

High negative correlations

FNWB	- 0.65	FCAP
FNWB	- 0.38	FCCTP
CDAB	- 0.35	FCAP
FFNW	- 0.26	PBKC
FFNW	- 0.19	CDAB
FFNW	- 0.19	FCCTP

Risk-Adjusted Indicators

There is a big difference between Hilltop Stock performing well and Hilltop Holdings 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 Hilltop Holdings' 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
SVBT	0.31	0.09	(0.02)	2.15	0.24	(0.68)	0.76	(0.50)	4.93
FCAP	1.79	(0.02)	(0.05)	0.01	2.07	(2.37)	6.22	(4.11)	14.42
PBKC	0.30	0.12	0.00	0.90	0.00	0.00	1.13	0.00	5.76
LBNW	0.39	0.04	0.00	0.62	0.00	0.00	1.74	(0.79)	6.62
FCCTP	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.71
CDAB	0.63	0.15	0.00	1.18	0.00	0.00	3.33	0.00	8.33
HFBL	1.56	(0.16)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
FFNW	0.61	(0.02)	(0.12)	0.05	0.76	(0.65)	1.65	(1.13)	4.32
FNWB	1.65	0.02	(0.01)	0.14	1.74	(1.92)	4.11	(2.82)	14.21

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