Sterling Bancorp Correlations

SBT Stock

USD 4.84 0.05 1.04%

The current 90-days correlation between Sterling Bancorp and HMN Financial is -0.02 (i.e., Good 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

Significant diversification

The correlation between Sterling Bancorp and DJI is 0.08 (i.e., Significant 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

0.7

FRCCL

First Republic Bank

Pair Corr

Moving against Sterling Stock

0.77	CFG-PH	Citizens Financial Group,	Pair Corr
0.71	ECBK	ECB Bancorp	Pair Corr
0.67	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.54	KEY-PI	KeyCorp	Pair Corr
0.46	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.45	VABK	Virginia National	Pair Corr
0.45	TECTP	Tectonic Financial	Pair Corr
0.43	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.4	CFG-PE	Citizens Financial	Pair Corr
0.39	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.39	EBTC	Enterprise Bancorp	Pair Corr
0.32	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.79	KEY-PL	KeyCorp	Pair Corr
0.78	KEY-PK	KeyCorp	Pair Corr
0.76	WAFDP	Washington Federal	Pair Corr
0.73	TFINP	Triumph Financial	Pair Corr
0.7	WSBCP	WesBanco	Pair Corr
0.65	KEY-PJ	KeyCorp	Pair Corr
0.58	EVBN	Evans Bancorp	Pair Corr
0.52	ESSA	ESSA Bancorp	Pair Corr
0.52	WMPN	William Penn Bancorp	Pair Corr
0.33	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.31	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	CULL	HMNF	HFBL	HVBC	LSBK	OFED	CIZN	MGYR	FRAF	BSBK
CULL		-0.5	0.11	-0.54	-0.46	0.36	0.39	-0.62	-0.34	-0.25	CULL
HMNF	-0.5		-0.12	0.4	0.31	-0.34	-0.62	0.51	0.63	0.18	HMNF
HFBL	0.11	-0.12		0.03	0.18	-0.16	-0.07	0.08	-0.1	0.25	HFBL
HVBC	-0.54	0.4	0.03		0.41	-0.25	-0.33	0.68	0.31	0.34	HVBC
LSBK	-0.46	0.31	0.18	0.41		-0.76	-0.51	0.48	0.18	0.69	LSBK
OFED	0.36	-0.34	-0.16	-0.25	-0.76		0.72	-0.39	-0.14	-0.68	OFED
CIZN	0.39	-0.62	-0.07	-0.33	-0.51	0.72		-0.44	-0.38	-0.51	CIZN
MGYR	-0.62	0.51	0.08	0.68	0.48	-0.39	-0.44		0.5	0.28	MGYR
FRAF	-0.34	0.63	-0.1	0.31	0.18	-0.14	-0.38	0.5		-0.07	FRAF
BSBK	-0.25	0.18	0.25	0.34	0.69	-0.68	-0.51	0.28	-0.07		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	+ 0.69	LSBK
MGYR	+ 0.68	HVBC
FRAF	+ 0.63	HMNF
MGYR	+ 0.51	HMNF
FRAF	+ 0.5	MGYR

High negative correlations

OFED	- 0.76	LSBK
BSBK	- 0.68	OFED
CIZN	- 0.62	HMNF
MGYR	- 0.62	CULL
HVBC	- 0.54	CULL
BSBK	- 0.51	CIZN

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	(0.10)	0.00	0.95	0.00	0.00	1.18	(1.64)	4.73
HMNF	1.88	0.44	0.12	(1.02)	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.73	(0.02)	(0.01)	0.09	2.43	(3.09)	3.82	(4.31)	21.70
HVBC	1.51	0.38	0.08	(0.95)	2.03	(1.59)	2.68	(4.11)	18.63
LSBK	1.17	0.12	0.02	0.42	1.25	(1.59)	3.69	(2.95)	8.55
OFED	2.13	(0.22)	0.00	1.42	0.00	0.00	3.48	(5.28)	12.66
CIZN	0.88	(0.07)	0.00	0.80	0.00	0.00	3.00	(2.14)	6.16
MGYR	0.62	0.10	0.00	0.71	0.55	(0.72)	1.63	(1.22)	3.88
FRAF	0.81	0.20	0.05	(2.43)	1.05	(0.96)	1.52	(1.16)	9.44
BSBK	1.70	0.12	0.03	0.33	1.97	(1.85)	3.97	(3.37)	13.89

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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