Timberland Bancorp Correlations

TSBK Stock

USD 30.15 0.11 0.37%

The current 90-days correlation between Timberland Bancorp and First Financial Northwest is 0.51 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Timberland Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Timberland Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Timberland Bancorp Correlation With Market

Average diversification

The correlation between Timberland Bancorp and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timberland 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 Timberland 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 bureau of labor statistics.

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

Moving together with Timberland Stock

0.9	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp	Pair Corr
0.74	PB	Prosperity Bancshares	Pair Corr
0.8	RF	Regions Financial	Pair Corr
0.85	VABK	Virginia National	Pair Corr
0.76	VBNK	VersaBank	Pair Corr
0.86	VBTX	Veritex Holdings	Pair Corr
0.64	TFC-PI	Truist Financial	Pair Corr
0.76	EBMT	Eagle Bancorp Montana	Pair Corr
0.63	ECBK	ECB Bancorp	Pair Corr
0.75	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.94	EGBN	Eagle Bancorp	Pair Corr
0.93	WABC	Westamerica Bancorporation	Pair Corr
0.83	WAFD	Washington Federal	Pair Corr
0.72	WASH	Washington Trust Bancorp	Pair Corr
0.89	EQBK	Equity Bancshares,	Pair Corr
0.67	EVBN	Evans Bancorp	Pair Corr
0.7	EWBC	East West Bancorp	Pair Corr
0.76	WMPN	William Penn Bancorp	Pair Corr

Moving against Timberland Stock

0.39	DB	Deutsche Bank AG	Pair Corr
0.35	FRCCL	First Republic Bank	Pair Corr
0.35	FRCHL	First Republic Bank	Pair Corr
0.32	KEY-PI	KeyCorp	Pair Corr

Related Correlations Analysis

	FFNW	FVCB	CWBC	BSRR	FNWB	SHBI	VABK	CULL	TCBC	WNEB
FFNW		0.86	0.51	0.53	0.23	0.23	0.86	0.31	0.07	0.13	FFNW
FVCB	0.86		0.74	0.74	0.4	0.59	0.92	0.15	0.05	0.39	FVCB
CWBC	0.51	0.74		0.64	0.68	0.86	0.69	-0.06	-0.05	0.77	CWBC
BSRR	0.53	0.74	0.64		0.54	0.73	0.72	-0.13	0.04	0.41	BSRR
FNWB	0.23	0.4	0.68	0.54		0.61	0.28	-0.17	-0.17	0.52	FNWB
SHBI	0.23	0.59	0.86	0.73	0.61		0.54	-0.24	-0.01	0.81	SHBI
VABK	0.86	0.92	0.69	0.72	0.28	0.54		0.2	0.11	0.32	VABK
CULL	0.31	0.15	-0.06	-0.13	-0.17	-0.24	0.2		0.29	-0.25	CULL
TCBC	0.07	0.05	-0.05	0.04	-0.17	-0.01	0.11	0.29		-0.06	TCBC
WNEB	0.13	0.39	0.77	0.41	0.52	0.81	0.32	-0.25	-0.06		WNEB
	FFNW	FVCB	CWBC	BSRR	FNWB	SHBI	VABK	CULL	TCBC	WNEB

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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

VABK	+ 0.92	FVCB
FVCB	+ 0.86	FFNW
VABK	+ 0.86	FFNW
SHBI	+ 0.86	CWBC
WNEB	+ 0.81	SHBI
WNEB	+ 0.77	CWBC

High negative correlations

WNEB	- 0.25	CULL
CULL	- 0.24	SHBI
TCBC	- 0.17	FNWB
CULL	- 0.17	FNWB
CULL	- 0.13	BSRR
WNEB	- 0.06	TCBC

Risk-Adjusted Indicators

There is a big difference between Timberland Stock performing well and Timberland 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 Timberland 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
FFNW	0.80	(0.12)	0.00	(0.35)	0.00	0.00	1.58	(1.74)	4.32
FVCB	2.30	(0.11)	0.00	(0.05)	0.00	0.00	4.69	(5.31)	16.48
CWBC	1.08	0.05	(0.02)	0.51	1.27	(1.16)	2.53	(1.95)	11.26
BSRR	1.74	0.08	0.02	0.23	2.16	(2.07)	3.61	(3.13)	26.66
FNWB	1.26	(0.02)	(0.04)	0.06	1.53	(1.38)	2.98	(2.74)	8.98
SHBI	1.28	0.13	0.04	0.42	1.43	(1.48)	2.57	(1.95)	18.23
VABK	1.59	(0.20)	0.00	(0.22)	0.00	0.00	3.06	(3.46)	9.37
CULL	0.51	(0.10)	0.00	0.50	0.00	0.00	1.18	(1.64)	4.73
TCBC	0.86	(0.01)	(0.08)	(0.88)	1.02	(1.14)	2.10	(1.99)	5.24
WNEB	0.99	0.11	0.03	0.60	1.02	(1.30)	2.93	(1.81)	9.25

Timberland Bancorp Corporate Management

Robert Drugge	Executive VP of Lending and Executive VP of Lending - Timberland Savings Bank	Profile
Richard Pifer	Regional Lending	Profile
Matthew DeBord	Executive Officer	Profile
Clarence Hamre	Advisory Director	Profile

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