Heartland Financial Correlations

1H4 Stock

EUR 62.50 0.00 0.00%

The current 90-days correlation between Heartland Financial USA and POSBO UNSPADRS20YC1 is 0.04 (i.e., Significant diversification). The correlation of Heartland 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.

Heartland Financial Correlation With Market

Good diversification

The correlation between Heartland Financial USA and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Heartland Financial USA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Heartland 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 Heartland 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 Heartland 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 Heartland Financial USA to buy it.

Moving against Heartland Stock

0.86	KBIA	KB Financial Group	Pair Corr
0.52	BBK	Truist Financial	Pair Corr
0.39	OIX	ORIX	Pair Corr
0.36	OIXA	Orix Corp Ads Split	Pair Corr

Related Correlations Analysis

	3YB0	3YB	BBK	OCBB	OCBA	CRIP	UOB0	FV9J	SEBA	DBK
3YB0		0.89	0.22	0.86	0.87	0.91	0.82	0.89	0.87	0.88	3YB0
3YB	0.89		0.17	0.83	0.81	0.8	0.65	0.75	0.71	0.8	3YB
BBK	0.22	0.17		0.28	0.29	0.41	0.33	0.37	0.33	0.38	BBK
OCBB	0.86	0.83	0.28		0.94	0.89	0.86	0.85	0.81	0.85	OCBB
OCBA	0.87	0.81	0.29	0.94		0.88	0.87	0.85	0.79	0.82	OCBA
CRIP	0.91	0.8	0.41	0.89	0.88		0.87	0.96	0.9	0.94	CRIP
UOB0	0.82	0.65	0.33	0.86	0.87	0.87		0.89	0.88	0.83	UOB0
FV9J	0.89	0.75	0.37	0.85	0.85	0.96	0.89		0.92	0.9	FV9J
SEBA	0.87	0.71	0.33	0.81	0.79	0.9	0.88	0.92		0.91	SEBA
DBK	0.88	0.8	0.38	0.85	0.82	0.94	0.83	0.9	0.91		DBK
	3YB0	3YB	BBK	OCBB	OCBA	CRIP	UOB0	FV9J	SEBA	DBK

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Risk-Adjusted Indicators

There is a big difference between Heartland Stock performing well and Heartland 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 Heartland 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
3YB0	1.20	0.21	0.14	1.26	1.14	(1.64)	2.80	(1.87)	7.93
3YB	1.88	0.73	0.35	2.56	0.60	(4.39)	2.63	(2.50)	39.32
BBK	1.27	0.02	0.02	0.02	1.32	(1.63)	3.53	(2.22)	7.88
OCBB	0.66	0.09	0.07	0.78	0.75	(1.13)	1.63	(1.71)	7.53
OCBA	0.98	0.11	0.11	(2.06)	1.03	(1.09)	2.25	(1.68)	6.79
CRIP	1.39	0.42	0.20	3.81	1.60	(1.70)	3.64	(2.63)	8.47
UOB0	0.64	0.09	0.09	(1.50)	0.62	(1.22)	1.94	(0.98)	4.86
FV9J	1.27	0.30	0.19	(0.82)	1.46	(1.42)	2.86	(2.44)	6.41
SEBA	1.08	0.24	0.21	(3.98)	0.96	(1.36)	2.67	(1.89)	7.86
DBK	1.21	0.38	0.31	(7.27)	0.94	(1.50)	2.64	(2.27)	6.74

Heartland Financial Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Heartland Financial stock to make a market-neutral strategy. Peer analysis of Heartland Financial could also be used in its relative valuation, which is a method of valuing Heartland Financial by comparing valuation metrics with similar companies.

POSBO UNSPADRS20YC1 Postal Savings Bank Truist Financial OVERSEA CHINUNSPADR2 Oversea Chinese Banking UNICREDIT SPA ADR UTD OV BK LOC ADR1 CAIXABANK UNADR 13 Skandinaviska Enskilda Banken Deutsche Bank Aktiengesellschaft American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Heartland Financial Corporate Management

Elected by the shareholders, the Heartland Financial's board of directors comprises two types of representatives: Heartland Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Heartland. The board's role is to monitor Heartland Financial's management team and ensure that shareholders' interests are well served. Heartland Financial'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, Heartland Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.

Thomas Flynn	Lead Independent Vice Chairman of the Board	Profile
Robert Engel	Independent Director	Profile
Susan Murphy	Independent Director	Profile
John Schmidt	Independent Director	Profile
Laura Hughes	Executive Vice President Chief Marketing Officer	Profile
Mark Falb	Independent Vice Chairman of the Board	Profile

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