Territorial Bancorp Correlations

TBNK Stock

USD 10.94 0.12 1.11%

The current 90-days correlation between Territorial Bancorp and Financial Institutions is 0.66 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Territorial Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Territorial Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Territorial Bancorp Correlation With Market

Very weak diversification

The correlation between Territorial Bancorp and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Territorial 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 Territorial 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 board of governors.

For more information on how to buy Territorial Stock please use our How to buy in Territorial Stock guide.

Moving together with Territorial Stock

0.61	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.67	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.75	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.62	TECTP	Tectonic Financial	Pair Corr
0.78	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.71	EBTC	Enterprise Bancorp	Pair Corr
0.8	ECBK	ECB Bancorp	Pair Corr
0.85	CFG-PH	Citizens Financial Group,	Pair Corr
0.7	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.73	KEY-PJ	KeyCorp	Pair Corr
0.82	KEY-PK	KeyCorp	Pair Corr
0.75	KEY-PL	KeyCorp	Pair Corr
0.62	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.77	ESSA	ESSA Bancorp	Pair Corr
0.72	TFINP	Triumph Financial	Pair Corr
0.75	EVBN	Evans Bancorp	Pair Corr
0.65	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.78	WSBCP	WesBanco	Pair Corr
0.74	WMPN	William Penn Bancorp	Pair Corr

Moving against Territorial Stock

0.69	FRCIL	First Republic Bank	Pair Corr
0.53	FRCHL	First Republic Bank	Pair Corr
0.52	FRCCL	First Republic Bank	Pair Corr
0.52	FRCKL	First Republic Bank	Pair Corr
0.45	WBBW	Westbury Bancorp	Pair Corr

Related Correlations Analysis

	FHB	BOH	FISI	HFWA	CWBC	FFNW	FCCO	FNWB	TCBC	RBKB
FHB		0.98	0.75	0.99	0.56	-0.31	0.92	0.01	-0.28	0.49	FHB
BOH	0.98		0.64	0.96	0.45	-0.32	0.93	-0.12	-0.22	0.54	BOH
FISI	0.75	0.64		0.77	0.65	-0.14	0.64	0.27	-0.38	0.34	FISI
HFWA	0.99	0.96	0.77		0.6	-0.36	0.89	0.02	-0.28	0.45	HFWA
CWBC	0.56	0.45	0.65	0.6		-0.28	0.41	0.53	-0.29	-0.23	CWBC
FFNW	-0.31	-0.32	-0.14	-0.36	-0.28		-0.2	0.24	0.3	-0.22	FFNW
FCCO	0.92	0.93	0.64	0.89	0.41	-0.2		-0.11	-0.17	0.52	FCCO
FNWB	0.01	-0.12	0.27	0.02	0.53	0.24	-0.11		-0.28	-0.33	FNWB
TCBC	-0.28	-0.22	-0.38	-0.28	-0.29	0.3	-0.17	-0.28		-0.38	TCBC
RBKB	0.49	0.54	0.34	0.45	-0.23	-0.22	0.52	-0.33	-0.38		RBKB
	FHB	BOH	FISI	HFWA	CWBC	FFNW	FCCO	FNWB	TCBC	RBKB

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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

HFWA	+ 0.99	FHB
BOH	+ 0.98	FHB
HFWA	+ 0.96	BOH
FCCO	+ 0.93	BOH
FCCO	+ 0.92	FHB
FCCO	+ 0.89	HFWA

High negative correlations

RBKB	- 0.38	TCBC
TCBC	- 0.38	FISI
FFNW	- 0.36	HFWA
RBKB	- 0.33	FNWB
FFNW	- 0.32	BOH
FFNW	- 0.31	FHB

Risk-Adjusted Indicators

There is a big difference between Territorial Stock performing well and Territorial 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 Territorial 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
FHB	1.35	0.05	0.11	0.15	1.39	(1.64)	2.82	(2.66)	16.01
BOH	1.49	0.15	0.17	0.20	1.22	(1.76)	3.43	(2.45)	12.63
FISI	1.75	(0.06)	0.06	0.10	1.80	(2.04)	4.07	(3.22)	18.30
HFWA	1.64	0.05	0.10	0.14	1.59	(1.74)	3.50	(2.26)	19.67
CWBC	1.07	0.04	0.06	0.15	1.07	(1.19)	2.64	(2.16)	9.14
FFNW	0.61	(0.01)	(0.14)	0.05	0.76	(0.67)	1.65	(1.13)	4.32
FCCO	1.35	0.21	0.16	0.31	0.95	(1.61)	4.19	(2.20)	11.05
FNWB	1.60	0.07	0.02	0.23	1.70	(1.81)	4.11	(2.82)	14.21
TCBC	0.86	(0.02)	(0.10)	(0.08)	1.02	(1.14)	2.10	(1.99)	5.24
RBKB	1.30	0.23	0.10	0.77	1.13	(1.70)	4.15	(2.65)	9.98

Territorial Bancorp Corporate Management

Melvin Miyamoto	Principal Financial Officer, Principal Accounting Officer, Sr. VP, Treasurer, Principal Financial Officer of Territorial Savings Bank, Principal Accounting Officer of Territorial Savings Bank, Sr. VP of Territorial Savings Bank and Treasurer of Territorial Savings Bank	Profile
Melvin CPA	Treasurer VP	Profile
Gary Uyehara	Regulatory Administrative	Profile
Dennis Hironaka	VP Audit	Profile
Troy Yoshimasu	Senior Officer	Profile

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