Zions Bancorporation Correlations

ZION Stock

USD 59.14 0.48 0.82%

The current 90-days correlation between Zions Bancorporation and PacWest Bancorp is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zions Bancorporation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zions Bancorporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Zions Bancorporation Correlation With Market

Poor diversification

The correlation between Zions Bancorp. and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zions Bancorp. and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zions Bancorporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Zions Stock, please use our How to Invest in Zions Bancorporation guide.

Moving together with Zions Stock

0.92	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.94	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.9	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.91	VBNK	VersaBank Normal Trading	Pair Corr
0.91	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.79	TECTP	Tectonic Financial	Pair Corr
0.72	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.91	EBTC	Enterprise Bancorp	Pair Corr
0.69	ECBK	ECB Bancorp	Pair Corr
0.96	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.93	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.94	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.96	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.95	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.75	ESSA	ESSA Bancorp	Pair Corr
0.74	EVBN	Evans Bancorp	Pair Corr
0.7	WSBCP	WesBanco	Pair Corr
0.87	WMPN	William Penn Bancorp	Pair Corr

Moving against Zions Stock

0.55	TFC-PO	Truist Financial	Pair Corr
0.5	TFC-PR	Truist Financial	Pair Corr
0.49	WF	Woori Financial Group	Pair Corr
0.48	CFG-PE	Citizens Financial	Pair Corr

Related Correlations Analysis

	PACW	KEY	CMA	FHN	WAL	FITB	HBAN	USB	FRCB	PNC
PACW		0.35	0.17	0.36	0.09	0.22	0.27	0.26	0.62	0.21	PACW
KEY	0.35		0.92	0.96	0.82	0.95	0.97	0.9	-0.21	0.97	KEY
CMA	0.17	0.92		0.9	0.84	0.96	0.94	0.9	-0.44	0.95	CMA
FHN	0.36	0.96	0.9		0.71	0.93	0.97	0.93	-0.17	0.95	FHN
WAL	0.09	0.82	0.84	0.71		0.88	0.8	0.74	-0.45	0.82	WAL
FITB	0.22	0.95	0.96	0.93	0.88		0.97	0.94	-0.39	0.97	FITB
HBAN	0.27	0.97	0.94	0.97	0.8	0.97		0.93	-0.32	0.99	HBAN
USB	0.26	0.9	0.9	0.93	0.74	0.94	0.93		-0.31	0.93	USB
FRCB	0.62	-0.21	-0.44	-0.17	-0.45	-0.39	-0.32	-0.31		-0.37	FRCB
PNC	0.21	0.97	0.95	0.95	0.82	0.97	0.99	0.93	-0.37		PNC
	PACW	KEY	CMA	FHN	WAL	FITB	HBAN	USB	FRCB	PNC

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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

PNC	+ 0.99	HBAN
HBAN	+ 0.97	KEY
PNC	+ 0.97	KEY
HBAN	+ 0.97	FHN
HBAN	+ 0.97	FITB
PNC	+ 0.97	FITB

High negative correlations

FRCB	- 0.45	WAL
FRCB	- 0.44	CMA
FRCB	- 0.39	FITB
PNC	- 0.37	FRCB
FRCB	- 0.32	HBAN
FRCB	- 0.31	USB

Risk-Adjusted Indicators

There is a big difference between Zions Stock performing well and Zions Bancorporation 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 Zions Bancorporation'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
PACW	7.45	0.93	0.06	(0.81)	11.32	(8.27)	17.58	(14.58)	104.70
KEY	1.43	0.02	0.10	0.10	1.39	(1.67)	3.06	(2.54)	19.76
CMA	1.47	0.16	0.15	0.17	1.40	(1.63)	3.53	(2.64)	14.10
FHN	1.60	0.16	0.19	0.15	1.28	(1.86)	3.80	(2.49)	18.94
WAL	1.87	0.03	0.07	0.10	2.09	(2.37)	4.19	(3.17)	19.53
FITB	1.06	0.07	0.10	0.13	0.99	(1.14)	2.39	(2.01)	10.60
HBAN	1.27	0.20	0.25	0.18	0.83	(1.66)	2.87	(2.28)	14.20
USB	1.32	0.10	0.12	0.14	1.18	(1.62)	2.86	(2.31)	10.98
FRCB	12.38	(2.37)	0.00	(0.41)	0.00	0.00	16.67	(32.00)	110.57
PNC	1.13	0.13	0.16	0.17	0.87	(1.42)	2.54	(1.97)	9.52

Zions Bancorporation Corporate Executives

Elected by the shareholders, the Zions Bancorporation's board of directors comprises two types of representatives: Zions Bancorporation inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zions. The board's role is to monitor Zions Bancorporation's management team and ensure that shareholders' interests are well served. Zions Bancorporation's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Zions Bancorporation's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ryan Richards

Executive CFO

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