Republic Bancorp Correlations

RBCAA Stock

USD 77.62 1.61 2.12%

The current 90-days correlation between Republic Bancorp and FS Bancorp is 0.77 (i.e., Poor diversification). The correlation of Republic Bancorp 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.

Republic Bancorp Correlation With Market

Good diversification

The correlation between Republic Bancorp and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Republic Bancorp 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 Republic Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with Republic Stock

0.93	AX	Axos Financial	Pair Corr
0.93	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.95	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
0.73	VABK	Virginia National	Pair Corr
0.92	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.97	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.78	TECTP	Tectonic Financial	Pair Corr
0.83	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.96	EBTC	Enterprise Bancorp	Pair Corr
0.69	ECBK	ECB Bancorp	Pair Corr
0.97	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.94	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.62	KEY-PJ	KeyCorp	Pair Corr
0.65	KEY-PK	KeyCorp	Pair Corr
0.65	KEY-PL	KeyCorp	Pair Corr
0.95	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.97	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.68	BANC-PF	Banc of California	Pair Corr
0.98	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.86	ESSA	ESSA Bancorp	Pair Corr
0.89	EVBN	Evans Bancorp	Pair Corr
0.94	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.79	WSBCP	WesBanco	Pair Corr
0.89	WMPN	William Penn Bancorp	Pair Corr

Moving against Republic Stock

0.54	TFC-PO	Truist Financial	Pair Corr
0.54	CFG-PE	Citizens Financial	Pair Corr
0.52	TFC-PR	Truist Financial	Pair Corr

Related Correlations Analysis

	FCCO	CWBC	FFNW	FNWB	HFBL	FNLC	OFED	HVBC	HMNF	MGYR
FCCO		0.47	-0.23	-0.07	0.11	0.8	0.0	0.0	-0.31	0.68	FCCO
CWBC	0.47		-0.13	0.56	-0.07	0.65	0.0	0.0	0.4	0.61	CWBC
FFNW	-0.23	-0.13		0.3	-0.05	-0.13	0.0	0.0	-0.29	-0.3	FFNW
FNWB	-0.07	0.56	0.3		-0.02	0.2	0.0	0.0	0.31	0.27	FNWB
HFBL	0.11	-0.07	-0.05	-0.02		0.07	0.0	0.0	-0.12	0.11	HFBL
FNLC	0.8	0.65	-0.13	0.2	0.07		0.0	0.0	-0.04	0.63	FNLC
OFED	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OFED
HVBC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HVBC
HMNF	-0.31	0.4	-0.29	0.31	-0.12	-0.04	0.0	0.0		0.17	HMNF
MGYR	0.68	0.61	-0.3	0.27	0.11	0.63	0.0	0.0	0.17		MGYR
	FCCO	CWBC	FFNW	FNWB	HFBL	FNLC	OFED	HVBC	HMNF	MGYR

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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

FNLC	+ 0.8	FCCO
MGYR	+ 0.68	FCCO
FNLC	+ 0.65	CWBC
MGYR	+ 0.63	FNLC
MGYR	+ 0.61	CWBC
FNWB	+ 0.56	CWBC

High negative correlations

HMNF	- 0.31	FCCO
MGYR	- 0.3	FFNW
HMNF	- 0.29	FFNW
FFNW	- 0.23	FCCO
FNLC	- 0.13	FFNW
FFNW	- 0.13	CWBC

Risk-Adjusted Indicators

There is a big difference between Republic Stock performing well and Republic Bancorp 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 Republic Bancorp'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
FCCO	1.22	0.27	0.09	(1.61)	1.02	(1.42)	3.05	(2.20)	10.76
CWBC	1.01	0.12	0.01	2.11	1.14	(1.08)	2.53	(2.16)	9.14
FFNW	0.62	0.02	(0.13)	(0.28)	0.76	(0.69)	1.65	(1.13)	4.32
FNWB	1.61	0.05	0.00	0.21	1.71	(1.90)	4.11	(2.82)	14.21
HFBL	35.77	14.64	0.64	1.14	13.42	(61.37)	7.40	(6.69)	1,010
FNLC	1.58	0.21	0.03	(1.01)	1.90	(1.72)	3.00	(2.81)	23.55
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HMNF	1.60	0.17	0.02	(0.97)	1.51	(2.29)	3.90	(3.02)	7.26
MGYR	0.61	0.11	0.00	2.79	0.53	(0.73)	1.63	(1.22)	3.88

Republic Bancorp Corporate Executives

Elected by the shareholders, the Republic Bancorp's board of directors comprises two types of representatives: Republic Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Republic. The board's role is to monitor Republic Bancorp's management team and ensure that shareholders' interests are well served. Republic Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Republic Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Kevin Sipes

CFO, Chief Accounting Officer, Chief Admin. Officer, Executive VP, Treasurer, CFO of Republic Bank and Trust Company, Chief Accounting Officer of Republic Bank and Trust Company, Executive VP of Republic Bank and Trust Company, Controller of Republic Bank and Trust Company and Treasurer of Republic Bank and Trust Company

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