Trustmark Correlations

TRMK Stock

USD 39.68 0.10 0.25%

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

Trustmark Correlation With Market

Poor diversification

The correlation between Trustmark and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trustmark 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 Trustmark. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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

Moving together with Trustmark Stock

0.96	AX	Axos Financial	Pair Corr
0.94	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.63	KB	KB Financial Group	Pair Corr
0.95	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.96	RF	Regions Financial Sell-off Trend	Pair Corr
0.62	VABK	Virginia National	Pair Corr
0.94	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.96	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.77	TECTP	Tectonic Financial	Pair Corr
0.83	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.94	EBTC	Enterprise Bancorp	Pair Corr
0.65	ECBK	ECB Bancorp	Pair Corr
0.98	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.94	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.97	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.65	WAFD	Washington Federal	Pair Corr
0.97	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.66	BANC-PF	Banc of California	Pair Corr
0.98	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.82	ESSA	ESSA Bancorp	Pair Corr
0.84	EVBN	Evans Bancorp	Pair Corr
0.75	WSBCP	WesBanco	Pair Corr

Moving against Trustmark Stock

0.66	CFG-PE	Citizens Financial	Pair Corr
0.63	TFC-PO	Truist Financial	Pair Corr
0.61	TFC-PR	Truist Financial	Pair Corr
0.36	WF	Woori Financial Group	Pair Corr
0.37	FRCIL	First Republic Bank	Pair Corr
0.35	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	HBCP	FBIZ	LNKB	OFED	GSBC	SASR	WABC	UMBF	CTBI
HBCP		0.86	0.92	-0.75	0.87	0.92	0.94	0.91	0.95	HBCP
FBIZ	0.86		0.87	-0.47	0.94	0.93	0.95	0.93	0.94	FBIZ
LNKB	0.92	0.87		-0.67	0.87	0.95	0.91	0.95	0.94	LNKB
OFED	-0.75	-0.47	-0.67		-0.47	-0.63	-0.57	-0.65	-0.69	OFED
GSBC	0.87	0.94	0.87	-0.47		0.92	0.95	0.91	0.92	GSBC
SASR	0.92	0.93	0.95	-0.63	0.92		0.96	0.98	0.98	SASR
WABC	0.94	0.95	0.91	-0.57	0.95	0.96		0.94	0.98	WABC
UMBF	0.91	0.93	0.95	-0.65	0.91	0.98	0.94		0.97	UMBF
CTBI	0.95	0.94	0.94	-0.69	0.92	0.98	0.98	0.97		CTBI
	HBCP	FBIZ	LNKB	OFED	GSBC	SASR	WABC	UMBF	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

UMBF	+ 0.98	SASR
CTBI	+ 0.98	SASR
CTBI	+ 0.98	WABC
CTBI	+ 0.97	UMBF
WABC	+ 0.96	SASR
CTBI	+ 0.95	HBCP

High negative correlations

OFED	- 0.75	HBCP
CTBI	- 0.69	OFED
OFED	- 0.67	LNKB
UMBF	- 0.65	OFED
SASR	- 0.63	OFED
WABC	- 0.57	OFED

Risk-Adjusted Indicators

There is a big difference between Trustmark Stock performing well and Trustmark 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 Trustmark'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
HBCP	1.61	0.06	0.07	0.15	1.76	(1.88)	3.67	(3.12)	10.19
FBIZ	1.68	(0.04)	0.05	0.10	1.84	(1.91)	3.90	(3.58)	16.67
LNKB	1.64	0.13	0.10	0.21	1.33	(2.22)	3.72	(2.38)	10.82
OFED	2.13	(0.20)	0.00	0.69	0.00	0.00	3.48	(5.28)	12.66
GSBC	1.54	(0.11)	0.01	0.07	1.85	(1.64)	3.41	(3.32)	19.09
SASR	1.57	0.07	0.14	0.15	1.33	(1.89)	2.83	(2.54)	18.48
WABC	1.32	(0.02)	0.06	0.10	1.26	(1.48)	2.80	(1.99)	16.18
UMBF	1.39	0.09	0.14	0.16	1.15	(1.58)	3.28	(2.08)	16.37
CTBI	1.56	0.04	0.10	0.13	1.56	(1.94)	3.17	(2.42)	21.98

Trustmark Corporate Management

Melanie Morgan	Senior Marketing	Profile
Duane CFP	CEO Pres	Profile
George Chambers	Principal Officer	Profile
Joseph Rein	Executive Strategy	Profile

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