TriCo Bancshares Correlations

TCBK Stock

USD 42.95 0.25 0.59%

The current 90-days correlation between TriCo Bancshares and Great Southern Bancorp is 0.9 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TriCo Bancshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TriCo Bancshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

TriCo Bancshares Correlation With Market

Average diversification

The correlation between TriCo Bancshares and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TriCo Bancshares 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 TriCo Bancshares. 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 TriCo Stock please use our How to buy in TriCo Stock guide.

Moving together with TriCo Stock

0.91	AX	Axos Financial	Pair Corr
0.89	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.86	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.88	RF	Regions Financial	Pair Corr
0.81	VABK	Virginia National Earnings Call This Week	Pair Corr
0.79	VBNK	VersaBank	Pair Corr
0.96	VBTX	Veritex Holdings Earnings Call This Week	Pair Corr
0.67	TFC-PI	Truist Financial	Pair Corr
0.79	EBMT	Eagle Bancorp Montana Earnings Call This Week	Pair Corr
0.82	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.89	EGBN	Eagle Bancorp Earnings Call This Week	Pair Corr
0.94	WABC	Westamerica Bancorporation	Pair Corr
0.85	WAFD	Washington Federal	Pair Corr
0.79	WASH	Washington Trust Bancorp Earnings Call This Week	Pair Corr
0.96	EQBK	Equity Bancshares, Earnings Call This Week	Pair Corr
0.81	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.73	EVBN	Evans Bancorp	Pair Corr
0.8	EWBC	East West Bancorp Earnings Call This Week	Pair Corr
0.85	WMPN	William Penn Bancorp	Pair Corr
0.62	WNEB	Western New England Earnings Call This Week	Pair Corr

Moving against TriCo Stock

0.34

FRCIL

First Republic Bank

Pair Corr

Related Correlations Analysis

	HMNF	FNWB	CWBC	FFNW	GSBC	HFBL	FCAP	BMRC	THFF	CTBI
HMNF		-0.19	-0.17	-0.55	-0.14	0.46	-0.32	-0.19	-0.13	-0.22	HMNF
FNWB	-0.19		0.61	0.4	0.38	-0.24	-0.18	0.37	0.43	0.44	FNWB
CWBC	-0.17	0.61		0.33	0.86	-0.36	-0.45	0.81	0.86	0.89	CWBC
FFNW	-0.55	0.4	0.33		0.11	-0.67	0.48	0.06	0.03	0.24	FFNW
GSBC	-0.14	0.38	0.86	0.11		-0.21	-0.54	0.86	0.95	0.93	GSBC
HFBL	0.46	-0.24	-0.36	-0.67	-0.21		-0.34	-0.22	-0.18	-0.3	HFBL
FCAP	-0.32	-0.18	-0.45	0.48	-0.54	-0.34		-0.33	-0.49	-0.35	FCAP
BMRC	-0.19	0.37	0.81	0.06	0.86	-0.22	-0.33		0.94	0.94	BMRC
THFF	-0.13	0.43	0.86	0.03	0.95	-0.18	-0.49	0.94		0.94	THFF
CTBI	-0.22	0.44	0.89	0.24	0.93	-0.3	-0.35	0.94	0.94		CTBI
	HMNF	FNWB	CWBC	FFNW	GSBC	HFBL	FCAP	BMRC	THFF	CTBI

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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

THFF	+ 0.95	GSBC
THFF	+ 0.94	BMRC
CTBI	+ 0.94	BMRC
CTBI	+ 0.94	THFF
CTBI	+ 0.93	GSBC
CTBI	+ 0.89	CWBC

High negative correlations

HFBL	- 0.67	FFNW
FFNW	- 0.55	HMNF
FCAP	- 0.54	GSBC
THFF	- 0.49	FCAP
FCAP	- 0.45	CWBC
HFBL	- 0.36	CWBC

Risk-Adjusted Indicators

There is a big difference between TriCo Stock performing well and TriCo Bancshares 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 TriCo Bancshares' 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
HMNF	1.88	0.39	0.16	1.45	1.85	(2.37)	4.29	(3.19)	13.15
FNWB	1.50	0.09	0.05	0.15	1.58	(1.76)	3.17	(2.80)	14.21
CWBC	1.10	0.03	0.02	0.08	1.33	(1.19)	2.53	(2.11)	11.26
FFNW	0.75	(0.13)	0.00	(0.49)	0.00	0.00	1.36	(1.69)	4.32
GSBC	1.52	0.10	0.04	0.21	1.94	(1.59)	2.91	(2.99)	19.07
HFBL	1.45	0.12	0.04	(0.83)	1.80	(2.21)	4.70	(4.31)	12.06
FCAP	1.49	(0.19)	0.00	0.91	0.00	0.00	2.94	(3.38)	10.68
BMRC	1.59	0.14	0.07	0.44	1.70	(1.74)	3.97	(3.34)	20.61
THFF	1.41	0.12	0.07	0.23	1.53	(1.80)	2.54	(2.85)	19.73
CTBI	1.59	0.14	0.07	0.39	1.79	(1.96)	3.20	(2.42)	21.97

TriCo Bancshares Corporate Management

Craig Carney	Chief Credit Officer of Tri Counties Bank and Executive VP of Tri Counties Bank	Profile
Scott Robertson	Senior Bank	Profile
Michael Murphy	VP Director	Profile
Michael Koehnen	Independent Secretary	Profile
Judi Giem	Senior Officer	Profile

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