Bancorp Correlations

TBBK Stock

USD 55.87 0.30 0.54%

The current 90-days correlation between Bancorp and Heartland Financial USA is 0.8 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bancorp Correlation With Market

Average diversification

The correlation between The Bancorp and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The 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 The 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.

Moving together with Bancorp Stock

0.63	AX	Axos Financial	Pair Corr
0.63	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.66	RF	Regions Financial	Pair Corr
0.66	VBTX	Veritex Holdings Earnings Call This Week	Pair Corr
0.65	WAFD	Washington Federal	Pair Corr
0.69	EQBK	Equity Bancshares, Earnings Call This Week	Pair Corr
0.74	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	HTLF	HTBK	BFST	GABC	TCBI	SMBC	IROQ	CBAN	OPOF	TCFC
HTLF		0.68	0.77	0.83	0.86	0.73	0.31	0.91	0.22	-0.76	HTLF
HTBK	0.68		0.9	0.92	0.9	0.93	-0.23	0.84	-0.32	-0.45	HTBK
BFST	0.77	0.9		0.97	0.93	0.98	-0.16	0.88	-0.3	-0.42	BFST
GABC	0.83	0.92	0.97		0.95	0.97	-0.1	0.93	-0.22	-0.53	GABC
TCBI	0.86	0.9	0.93	0.95		0.94	-0.04	0.92	-0.16	-0.57	TCBI
SMBC	0.73	0.93	0.98	0.97	0.94		-0.25	0.88	-0.37	-0.39	SMBC
IROQ	0.31	-0.23	-0.16	-0.1	-0.04	-0.25		0.15	0.88	-0.56	IROQ
CBAN	0.91	0.84	0.88	0.93	0.92	0.88	0.15		0.09	-0.69	CBAN
OPOF	0.22	-0.32	-0.3	-0.22	-0.16	-0.37	0.88	0.09		-0.56	OPOF
TCFC	-0.76	-0.45	-0.42	-0.53	-0.57	-0.39	-0.56	-0.69	-0.56		TCFC
	HTLF	HTBK	BFST	GABC	TCBI	SMBC	IROQ	CBAN	OPOF	TCFC

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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

SMBC	+ 0.98	BFST
GABC	+ 0.97	BFST
SMBC	+ 0.97	GABC
TCBI	+ 0.95	GABC
SMBC	+ 0.94	TCBI
SMBC	+ 0.93	HTBK

High negative correlations

TCFC	- 0.76	HTLF
TCFC	- 0.69	CBAN
TCFC	- 0.57	TCBI
TCFC	- 0.56	OPOF
TCFC	- 0.56	IROQ
TCFC	- 0.53	GABC

Risk-Adjusted Indicators

There is a big difference between Bancorp Stock performing well and 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 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
HTLF	1.61	0.18	0.10	0.32	1.61	(2.03)	3.53	(2.52)	19.68
HTBK	1.31	(0.06)	0.00	(0.43)	0.00	0.00	2.85	(2.89)	17.80
BFST	1.68	0.02	0.01	0.06	2.05	(1.83)	3.38	(3.48)	18.32
GABC	1.34	0.02	0.01	0.08	1.60	(1.68)	2.58	(2.43)	18.42
TCBI	1.51	0.07	0.03	0.13	1.87	(1.60)	3.11	(3.02)	16.16
SMBC	1.58	(0.04)	0.00	(0.06)	0.00	0.00	2.81	(3.11)	19.64
IROQ	1.45	0.30	0.12	(6.55)	1.89	(1.66)	3.11	(3.21)	13.04
CBAN	1.32	0.04	0.02	0.09	1.65	(1.47)	2.57	(3.08)	18.44
OPOF	1.11	0.43	0.21	5.91	1.27	(1.24)	3.17	(1.51)	11.44
TCFC	1.58	(0.31)	0.00	16.24	0.00	0.00	3.97	(2.77)	12.19

Bancorp Corporate Management

Thomas Pareigat	Sr. VP and General Legal Counsel	Profile
John Leto	Chief Administrative Officer	Profile
CEH CCISO	Chief Division	Profile
Andres Viroslav	IR Contact Officer	Profile

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