Sterling Bancorp Correlations

SBT Stock

USD 4.84 0.02 0.41%

The current 90-days correlation between Sterling Bancorp and HMN Financial is 0.16 (i.e., Average diversification). The correlation of Sterling 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Sterling Bancorp Correlation With Market

Good diversification

The correlation between Sterling Bancorp and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sterling 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 bureau of labor statistics.

For more information on how to buy Sterling Stock please use our How to Invest in Sterling Bancorp guide.

Moving together with Sterling Stock

0.76	AX	Axos Financial	Pair Corr
0.79	BY	Byline Bancorp	Pair Corr
0.75	PB	Prosperity Bancshares	Pair Corr
0.67	RF	Regions Financial	Pair Corr
0.71	VABK	Virginia National	Pair Corr
0.65	VBNK	VersaBank	Pair Corr
0.79	VBTX	Veritex Holdings	Pair Corr
0.65	TFC-PI	Truist Financial	Pair Corr
0.65	EBMT	Eagle Bancorp Montana	Pair Corr
0.8	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.78	EGBN	Eagle Bancorp	Pair Corr
0.77	WABC	Westamerica Bancorporation	Pair Corr
0.62	WAFD	Washington Federal	Pair Corr
0.77	EQBK	Equity Bancshares,	Pair Corr
0.66	EVBN	Evans Bancorp	Pair Corr
0.67	WMPN	William Penn Bancorp	Pair Corr

Moving against Sterling Stock

0.31	FRCCL	First Republic Bank	Pair Corr
0.31	FRCHL	First Republic Bank	Pair Corr

Related Correlations Analysis

	CULL	HMNF	HFBL	HVBC	LSBK	OFED	CIZN	MGYR	FRAF	BSBK
CULL		-0.5	-0.19	-0.54	-0.15	0.36	0.39	-0.41	-0.21	0.15	CULL
HMNF	-0.5		0.37	0.4	0.1	-0.34	-0.62	0.45	0.17	-0.19	HMNF
HFBL	-0.19	0.37		0.12	-0.06	-0.59	-0.51	0.48	-0.25	-0.42	HFBL
HVBC	-0.54	0.4	0.12		0.15	-0.25	-0.33	0.36	0.53	0.19	HVBC
LSBK	-0.15	0.1	-0.06	0.15		-0.17	-0.07	0.34	0.29	-0.07	LSBK
OFED	0.36	-0.34	-0.59	-0.25	-0.17		0.72	-0.93	0.36	0.66	OFED
CIZN	0.39	-0.62	-0.51	-0.33	-0.07	0.72		-0.77	0.18	0.5	CIZN
MGYR	-0.41	0.45	0.48	0.36	0.34	-0.93	-0.77		-0.14	-0.55	MGYR
FRAF	-0.21	0.17	-0.25	0.53	0.29	0.36	0.18	-0.14		0.58	FRAF
BSBK	0.15	-0.19	-0.42	0.19	-0.07	0.66	0.5	-0.55	0.58		BSBK
	CULL	HMNF	HFBL	HVBC	LSBK	OFED	CIZN	MGYR	FRAF	BSBK

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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

CIZN	+ 0.72	OFED
BSBK	+ 0.66	OFED
BSBK	+ 0.58	FRAF
FRAF	+ 0.53	HVBC
BSBK	+ 0.5	CIZN
MGYR	+ 0.48	HFBL

High negative correlations

MGYR	- 0.93	OFED
MGYR	- 0.77	CIZN
CIZN	- 0.62	HMNF
OFED	- 0.59	HFBL
BSBK	- 0.55	MGYR
HVBC	- 0.54	CULL

Risk-Adjusted Indicators

There is a big difference between Sterling Stock performing well and Sterling 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 Sterling 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
CULL	0.51	(0.12)	0.00	(9.59)	0.00	0.00	1.18	(1.64)	4.73
HMNF	1.88	0.37	0.14	1.51	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.48	0.08	(0.01)	(0.16)	2.08	(2.18)	5.67	(4.53)	13.83
HVBC	1.51	0.30	0.09	0.65	2.03	(1.59)	2.68	(4.11)	18.63
LSBK	1.19	0.03	(0.02)	(0.78)	1.70	(1.74)	2.98	(3.49)	10.32
OFED	2.13	(0.25)	0.00	(1.80)	0.00	0.00	3.48	(5.28)	12.66
CIZN	0.88	(0.12)	0.00	(0.17)	0.00	0.00	3.00	(2.14)	6.16
MGYR	1.18	0.26	0.13	1.24	1.06	(1.55)	2.98	(2.52)	10.51
FRAF	1.09	0.18	0.11	0.58	0.95	(1.36)	4.60	(2.17)	11.12
BSBK	1.49	0.02	(0.03)	(0.04)	1.93	(1.61)	2.97	(3.27)	9.21

Sterling Bancorp Corporate Management

Karen Knott	CFO VP	Profile
Colleen Kimmel	Gen VP	Profile
Eleni Willis	Senior Officer	Profile
Elizabeth JD	Chief Secretary	Profile
Christine Meredith	Executive Officer	Profile
Paul Ciancimino	Senior Lender	Profile

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