Hancock Whitney Correlations

HWC Stock

USD 60.34 0.70 1.15%

The current 90-days correlation between Hancock Whitney Corp and Renasant is 0.86 (i.e., Very poor diversification). The correlation of Hancock Whitney 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.

Hancock Whitney Correlation With Market

Poor diversification

The correlation between Hancock Whitney Corp and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hancock Whitney Corp 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 Hancock Whitney Corp. 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 Hancock Stock refer to our How to Trade Hancock Stock guide.

Moving together with Hancock Stock

0.97	AX	Axos Financial	Pair Corr
0.96	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.96	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.96	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.88	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.91	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.71	TECTP	Tectonic Financial	Pair Corr
0.72	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.94	EBTC	Enterprise Bancorp	Pair Corr
0.97	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.89	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.95	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.72	WAFD	Washington Federal	Pair Corr
0.93	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.61	BANC-PF	Banc of California	Pair Corr
0.93	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.74	ESSA	ESSA Bancorp	Pair Corr
0.77	EVBN	Evans Bancorp	Pair Corr
0.65	WSBCP	WesBanco	Pair Corr
0.84	WMPN	William Penn Bancorp	Pair Corr

Moving against Hancock Stock

0.62	CFG-PE	Citizens Financial	Pair Corr
0.6	TFC-PO	Truist Financial	Pair Corr
0.57	TFC-PR	Truist Financial	Pair Corr
0.32	WF	Woori Financial Group	Pair Corr
0.35	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	HBCP	FBIZ	LNKB	OFED	GSBC	RNST	PNFP	CBU	BOKF	FBMS
HBCP		0.85	0.91	-0.74	0.86	0.91	0.94	0.89	0.88	0.91	HBCP
FBIZ	0.85		0.86	-0.45	0.94	0.93	0.94	0.94	0.9	0.94	FBIZ
LNKB	0.91	0.86		-0.65	0.86	0.89	0.94	0.92	0.85	0.89	LNKB
OFED	-0.74	-0.45	-0.65		-0.44	-0.52	-0.66	-0.58	-0.66	-0.54	OFED
GSBC	0.86	0.94	0.86	-0.44		0.96	0.9	0.93	0.86	0.96	GSBC
RNST	0.91	0.93	0.89	-0.52	0.96		0.95	0.96	0.88	1.0	RNST
PNFP	0.94	0.94	0.94	-0.66	0.9	0.95		0.97	0.94	0.95	PNFP
CBU	0.89	0.94	0.92	-0.58	0.93	0.96	0.97		0.92	0.97	CBU
BOKF	0.88	0.9	0.85	-0.66	0.86	0.88	0.94	0.92		0.9	BOKF
FBMS	0.91	0.94	0.89	-0.54	0.96	1.0	0.95	0.97	0.9		FBMS
	HBCP	FBIZ	LNKB	OFED	GSBC	RNST	PNFP	CBU	BOKF	FBMS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

FBMS	+ 1.0	RNST
CBU	+ 0.97	PNFP
FBMS	+ 0.97	CBU
RNST	+ 0.96	GSBC
FBMS	+ 0.96	GSBC
CBU	+ 0.96	RNST

High negative correlations

OFED	- 0.74	HBCP
BOKF	- 0.66	OFED
PNFP	- 0.66	OFED
OFED	- 0.65	LNKB
CBU	- 0.58	OFED
FBMS	- 0.54	OFED

Risk-Adjusted Indicators

There is a big difference between Hancock Stock performing well and Hancock Whitney 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 Hancock Whitney'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
HBCP	1.61	0.04	0.07	0.15	1.76	(1.88)	3.67	(3.12)	10.19
FBIZ	1.67	(0.03)	0.06	0.11	1.83	(1.87)	3.90	(3.58)	16.67
LNKB	1.67	0.01	0.03	0.12	1.60	(2.23)	3.72	(2.70)	10.82
OFED	2.13	(0.21)	0.00	0.83	0.00	0.00	3.48	(5.28)	12.66
GSBC	1.54	(0.15)	0.00	0.05	1.84	(1.66)	3.41	(3.32)	19.09
RNST	1.58	(0.04)	0.04	0.10	1.56	(1.88)	3.62	(3.14)	15.74
PNFP	1.73	0.11	0.18	0.16	1.46	(1.99)	3.50	(2.89)	18.16
CBU	1.64	(0.03)	0.06	0.11	1.62	(1.83)	2.99	(2.97)	18.34
BOKF	1.38	(0.02)	0.06	0.11	1.39	(1.45)	2.66	(2.18)	15.50
FBMS	1.60	(0.04)	0.05	0.10	1.54	(1.97)	3.88	(3.51)	16.66

Hancock Whitney Corporate Management

Miles Milton	Chief Officer	Profile
Paul Maxwell	VP Officer	Profile
Ruena Wetzel	Executive Officer	Profile
CFA Lundgren	Chief Officer	Profile
Samuel Kendricks	Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC