Territorial Bancorp Correlations

TBNK Stock

USD 9.01 0.18 1.96%

The current 90-days correlation between Territorial Bancorp and Financial Institutions is 0.72 (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

Modest diversification

The correlation between Territorial Bancorp and DJI is 0.22 (i.e., Modest 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

0.73	AX	Axos Financial	Pair Corr
0.68	BY	Byline Bancorp	Pair Corr
0.68	RF	Regions Financial	Pair Corr
0.73	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.96	VABK	Virginia National	Pair Corr
0.87	VBNK	VersaBank	Pair Corr
0.82	VBTX	Veritex Holdings	Pair Corr
0.66	TFC-PI	Truist Financial	Pair Corr
0.9	EBMT	Eagle Bancorp Montana	Pair Corr
0.75	ECBK	ECB Bancorp	Pair Corr
0.92	EGBN	Eagle Bancorp	Pair Corr
0.78	KEY-PJ	KeyCorp	Pair Corr
0.83	KEY-PK	KeyCorp	Pair Corr
0.84	WABC	Westamerica Bancorporation	Pair Corr
0.96	WAFD	Washington Federal	Pair Corr
0.86	WASH	Washington Trust Bancorp	Pair Corr
0.8	EQBK	Equity Bancshares,	Pair Corr
0.62	WAFDP	Washington Federal	Pair Corr
0.8	WMPN	William Penn Bancorp	Pair Corr

Moving against Territorial Stock

0.64	DB	Deutsche Bank AG	Pair Corr
0.59	TECTP	Tectonic Financial	Pair Corr
0.39	EBTC	Enterprise Bancorp	Pair Corr
0.32	VBFC	Village Bank	Pair Corr
0.58	WSBCP	WesBanco	Pair Corr
0.4	BANC-PF	Banc of California	Pair Corr

Related Correlations Analysis

	FHB	BOH	FISI	HFWA	CWBC	FFNW	FCCO	FNWB	TCBC	RBKB
FHB		0.79	0.64	0.89	0.83	0.24	0.78	0.69	-0.04	0.66	FHB
BOH	0.79		0.35	0.89	0.7	0.58	0.66	0.6	0.04	0.39	BOH
FISI	0.64	0.35		0.68	0.44	-0.24	0.57	0.45	0.03	0.68	FISI
HFWA	0.89	0.89	0.68		0.74	0.33	0.76	0.66	0.02	0.58	HFWA
CWBC	0.83	0.7	0.44	0.74		0.51	0.73	0.68	-0.05	0.38	CWBC
FFNW	0.24	0.58	-0.24	0.33	0.51		0.23	0.23	0.07	-0.38	FFNW
FCCO	0.78	0.66	0.57	0.76	0.73	0.23		0.63	-0.43	0.63	FCCO
FNWB	0.69	0.6	0.45	0.66	0.68	0.23	0.63		-0.17	0.64	FNWB
TCBC	-0.04	0.04	0.03	0.02	-0.05	0.07	-0.43	-0.17		-0.21	TCBC
RBKB	0.66	0.39	0.68	0.58	0.38	-0.38	0.63	0.64	-0.21		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	+ 0.89	FHB
HFWA	+ 0.89	BOH
CWBC	+ 0.83	FHB
BOH	+ 0.79	FHB
FCCO	+ 0.78	FHB
FCCO	+ 0.76	HFWA

High negative correlations

TCBC	- 0.43	FCCO
RBKB	- 0.38	FFNW
FFNW	- 0.24	FISI
RBKB	- 0.21	TCBC
TCBC	- 0.17	FNWB
TCBC	- 0.05	CWBC

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	1.17	0.17	0.06	1.34	1.41	(1.28)	2.24	(1.70)	17.13
BOH	1.48	0.17	0.09	0.40	1.29	(1.96)	3.00	(2.30)	14.21
FISI	1.54	0.13	0.04	0.41	1.64	(1.86)	3.45	(3.01)	18.42
HFWA	1.41	0.18	0.08	0.39	1.57	(1.49)	2.91	(2.94)	21.63
CWBC	1.08	0.05	(0.02)	0.51	1.27	(1.16)	2.53	(1.95)	11.26
FFNW	0.80	(0.12)	0.00	(0.35)	0.00	0.00	1.58	(1.74)	4.32
FCCO	1.21	0.16	0.07	0.41	1.35	(1.34)	3.05	(2.18)	10.09
FNWB	1.26	(0.02)	(0.04)	0.06	1.53	(1.38)	2.98	(2.74)	8.98
TCBC	0.86	(0.01)	(0.08)	(0.88)	1.02	(1.14)	2.10	(1.99)	5.24
RBKB	0.64	0.17	0.11	(16.32)	0.45	(0.78)	1.72	(1.09)	3.70

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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