Truist Financial Correlations
| TFC-PR Preferred Stock | USD 20.67 0.01 0.05% |
The current 90-days correlation between Truist Financial and Morgan Stanley is 0.59 (i.e., Very weak diversification). The correlation of Truist Financial 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.
Truist Financial Correlation With Market
Significant diversification
The correlation between Truist Financial and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Truist Financial and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Truist Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Truist Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Truist Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Truist Financial to buy it.
Moving together with Truist Preferred Stock
Moving against Truist Preferred Stock
| 0.53 | AX | Axos Financial | PairCorr |
| 0.53 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.51 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.51 | RF | Regions Financial Fiscal Year End 17th of January 2025 | PairCorr |
| 0.5 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
| 0.48 | VBNK | VersaBank Fiscal Year End 11th of December 2024 | PairCorr |
| 0.48 | EGBN | Eagle Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.45 | TECTP | Tectonic Financial | PairCorr |
| 0.41 | KB | KB Financial Group | PairCorr |
| 0.34 | VBTX | Veritex Holdings Fiscal Year End 28th of January 2025 | PairCorr |
| 0.31 | EBTC | Enterprise Bancorp | PairCorr |
| 0.53 | WABC | Westamerica Bancorporation Fiscal Year End 16th of January 2025 | PairCorr |
| 0.53 | WCFB | WCF Bancorp | PairCorr |
| 0.49 | WMPN | William Penn Bancorp | PairCorr |
| 0.46 | WASH | Washington Trust Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.41 | WNEB | Western New England Fiscal Year End 28th of January 2025 | PairCorr |
| 0.39 | EQBK | Equity Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.32 | OCFCP | OceanFirst Financial Corp | PairCorr |
Related Correlations Analysis
| 0.74 | 0.63 | 0.69 | 0.34 | MS-PP | ||
| 0.74 | 0.94 | 0.63 | -0.17 | KEY-PK | ||
| 0.63 | 0.94 | 0.65 | -0.17 | KEY-PJ | ||
| 0.69 | 0.63 | 0.65 | 0.31 | KEY-PI | ||
| 0.34 | -0.17 | -0.17 | 0.31 | JPM-PM | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Truist Preferred Stock performing well and Truist Financial 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 Truist Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MS-PP | 0.35 | 0.03 | (0.19) | 2.07 | 0.35 | 0.91 | 2.46 | |||
| KEY-PK | 0.68 | 0.08 | (0.01) | 0.46 | 0.84 | 1.41 | 3.61 | |||
| KEY-PJ | 0.63 | 0.03 | (0.07) | 0.23 | 0.78 | 1.19 | 3.46 | |||
| KEY-PI | 0.56 | 0.01 | (0.13) | 0.22 | 0.63 | 1.40 | 4.04 | |||
| JPM-PM | 0.67 | (0.04) | 0.00 | (3.01) | 0.00 | 1.15 | 4.25 |
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Our tools can tell you how much better you can do entering a position in Truist Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Truist Financial Corporate Management
| William Rogers | CEO Chairman | Profile | |
| Scott Case | Chief EVP | Profile | |
| John Howard | EVP Officer | Profile | |
| Ankur Vyas | Head Relations | Profile | |
| Clarke III | Chief EVP | Profile | |
| Ellen Fitzsimmons | Chief EVP | Profile | |
| Michael Maguire | CFO EVP | Profile |