Prosperity Bancshares Correlations

PB Stock

USD 77.86 0.16 0.21%

The current 90-days correlation between Prosperity Bancshares and Heartland Financial USA is -0.03 (i.e., Good diversification). The correlation of Prosperity Bancshares 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.

Prosperity Bancshares Correlation With Market

Very weak diversification

The correlation between Prosperity Bancshares and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prosperity Bancshares and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prosperity Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Prosperity Stock refer to our How to Trade Prosperity Stock guide.

Moving together with Prosperity Stock

0.81	AX	Axos Financial	Pair Corr
0.84	BY	Byline Bancorp	Pair Corr
0.76	KB	KB Financial Group	Pair Corr
0.69	NU	Nu Holdings	Pair Corr
0.92	RF	Regions Financial Earnings Call This Week	Pair Corr
0.79	WF	Woori Financial Group	Pair Corr
0.66	VABK	Virginia National	Pair Corr
0.79	VBNK	VersaBank	Pair Corr
0.77	VBTX	Veritex Holdings	Pair Corr
0.83	TFC-PI	Truist Financial	Pair Corr
0.77	TFC-PO	Truist Financial	Pair Corr
0.68	TFC-PR	Truist Financial	Pair Corr
0.75	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.74	CFG-PE	Citizens Financial	Pair Corr
0.63	CFG-PH	Citizens Financial Group,	Pair Corr
0.76	EFSC	Enterprise Financial	Pair Corr
0.76	EGBN	Eagle Bancorp	Pair Corr
0.83	KEY-PJ	KeyCorp	Pair Corr
0.85	KEY-PK	KeyCorp	Pair Corr
0.62	KEY-PL	KeyCorp	Pair Corr
0.76	WABC	Westamerica Bancorporation	Pair Corr
0.89	WASH	Washington Trust Bancorp	Pair Corr
0.91	EQBK	Equity Bancshares,	Pair Corr
0.91	WMPN	William Penn Bancorp	Pair Corr

Moving against Prosperity Stock

0.7

VBFC

Village Bank

Pair Corr

Related Correlations Analysis

	HTLF	HTBK	BFST	GABC	TCBI	CBSH	BOKF	UBSI	HBCP	HTBI
HTLF		0.15	0.05	0.06	0.02	0.09	0.06	-0.06	0.19	0.11	HTLF
HTBK	0.15		0.92	0.85	0.89	0.85	0.77	0.84	0.82	0.86	HTBK
BFST	0.05	0.92		0.87	0.88	0.91	0.81	0.88	0.89	0.93	BFST
GABC	0.06	0.85	0.87		0.9	0.81	0.87	0.96	0.65	0.71	GABC
TCBI	0.02	0.89	0.88	0.9		0.89	0.93	0.95	0.73	0.75	TCBI
CBSH	0.09	0.85	0.91	0.81	0.89		0.87	0.87	0.87	0.91	CBSH
BOKF	0.06	0.77	0.81	0.87	0.93	0.87		0.93	0.64	0.69	BOKF
UBSI	-0.06	0.84	0.88	0.96	0.95	0.87	0.93		0.66	0.73	UBSI
HBCP	0.19	0.82	0.89	0.65	0.73	0.87	0.64	0.66		0.94	HBCP
HTBI	0.11	0.86	0.93	0.71	0.75	0.91	0.69	0.73	0.94		HTBI
	HTLF	HTBK	BFST	GABC	TCBI	CBSH	BOKF	UBSI	HBCP	HTBI

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

UBSI	+ 0.96	GABC
UBSI	+ 0.95	TCBI
HTBI	+ 0.94	HBCP
HTBI	+ 0.93	BFST
BOKF	+ 0.93	TCBI
UBSI	+ 0.93	BOKF

High negative correlations

UBSI

- 0.06

HTLF

Risk-Adjusted Indicators

There is a big difference between Prosperity Stock performing well and Prosperity Bancshares 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 Prosperity Bancshares' 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
HTLF	1.58	0.24	0.14	(1.66)	1.51	(1.98)	3.53	(2.52)	19.68
HTBK	1.08	0.04	0.03	0.07	1.27	(1.32)	2.77	(1.76)	8.30
BFST	1.37	(0.08)	0.00	(0.08)	0.00	0.00	2.48	(2.80)	10.71
GABC	1.00	(0.16)	0.00	(0.23)	0.00	0.00	2.37	(2.28)	7.96
TCBI	1.46	(0.05)	0.00	(0.05)	0.00	0.00	3.11	(3.40)	10.01
CBSH	0.94	(0.01)	(0.01)	(0.01)	1.21	(1.01)	2.40	(1.62)	7.84
BOKF	1.07	(0.05)	0.00	(0.06)	0.00	0.00	1.82	(2.19)	6.73
UBSI	1.07	(0.13)	0.00	(0.16)	0.00	0.00	2.31	(2.49)	8.99
HBCP	1.42	0.00	0.00	0.00	1.90	(1.47)	3.09	(2.42)	9.44
HTBI	1.27	0.03	0.02	0.03	1.59	(1.35)	2.48	(1.89)	8.47

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