Ameris Bancorp Correlations

ABCB Stock

USD 66.19 0.62 0.93%

The current 90-days correlation between Ameris Bancorp and Independent Bank is 0.9 (i.e., Almost no diversification). The correlation of Ameris Bancorp 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.

Ameris Bancorp Correlation With Market

Very weak diversification

The correlation between Ameris Bancorp and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ameris Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ameris 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 main economic indicators.

For information on how to trade Ameris Stock refer to our How to Trade Ameris Stock guide.

Moving together with Ameris Stock

0.87	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp	Pair Corr
0.68	KB	KB Financial Group	Pair Corr
0.77	NU	Nu Holdings	Pair Corr
0.94	PB	Prosperity Bancshares	Pair Corr
0.9	RF	Regions Financial Earnings Call Tomorrow	Pair Corr
0.84	WF	Woori Financial Group	Pair Corr
0.74	VABK	Virginia National	Pair Corr
0.82	VBNK	VersaBank	Pair Corr
0.83	VBTX	Veritex Holdings	Pair Corr
0.81	TFC-PI	Truist Financial	Pair Corr
0.79	TFC-PO	Truist Financial	Pair Corr
0.67	TFC-PR	Truist Financial	Pair Corr
0.81	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.76	CFG-PE	Citizens Financial	Pair Corr
0.81	EFSC	Enterprise Financial	Pair Corr
0.83	EGBN	Eagle Bancorp	Pair Corr
0.89	KEY-PJ	KeyCorp	Pair Corr
0.88	KEY-PK	KeyCorp	Pair Corr
0.79	WABC	Westamerica Bancorporation	Pair Corr
0.66	WAFD	Washington Federal	Pair Corr
0.93	WASH	Washington Trust Bancorp	Pair Corr
0.93	EQBK	Equity Bancshares,	Pair Corr
0.93	WMPN	William Penn Bancorp	Pair Corr

Moving against Ameris Stock

0.7

VBFC

Village Bank

Pair Corr

Related Correlations Analysis

	LBAI	KRNY	BWFG	BFST	CULL	HFBL	HMNF	LNKB	HVBC	INDB
LBAI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LBAI
KRNY	0.0		0.75	0.8	0.0	-0.55	0.0	0.36	0.0	0.86	KRNY
BWFG	0.0	0.75		0.84	0.0	-0.39	0.0	0.51	0.0	0.85	BWFG
BFST	0.0	0.8	0.84		0.0	-0.32	0.0	0.26	0.0	0.95	BFST
CULL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CULL
HFBL	0.0	-0.55	-0.39	-0.32	0.0		0.0	-0.21	0.0	-0.33	HFBL
HMNF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HMNF
LNKB	0.0	0.36	0.51	0.26	0.0	-0.21	0.0		0.0	0.27	LNKB
HVBC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HVBC
INDB	0.0	0.86	0.85	0.95	0.0	-0.33	0.0	0.27	0.0		INDB
	LBAI	KRNY	BWFG	BFST	CULL	HFBL	HMNF	LNKB	HVBC	INDB

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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

INDB	+ 0.95	BFST
INDB	+ 0.86	KRNY
INDB	+ 0.85	BWFG
BFST	+ 0.84	BWFG
BFST	+ 0.8	KRNY
BWFG	+ 0.75	KRNY

High negative correlations

HFBL	- 0.55	KRNY
HFBL	- 0.39	BWFG
INDB	- 0.33	HFBL
HFBL	- 0.32	BFST
LNKB	- 0.21	HFBL
INDB	- 0.0	HVBC

Risk-Adjusted Indicators

There is a big difference between Ameris Stock performing well and Ameris 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 Ameris 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
LBAI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KRNY	1.60	(0.15)	0.00	(0.23)	0.00	0.00	3.10	(3.23)	11.08
BWFG	1.57	0.05	0.02	0.05	1.91	(1.67)	3.94	(2.86)	9.98
BFST	1.37	(0.08)	0.00	(0.08)	0.00	0.00	2.48	(2.80)	10.71
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.61	0.09	0.03	0.14	2.07	(2.31)	6.19	(4.82)	13.83
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LNKB	1.28	0.02	0.01	0.03	1.50	(1.40)	3.13	(2.78)	6.57
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INDB	1.29	(0.06)	0.00	(0.06)	0.00	0.00	2.78	(2.18)	8.17

Ameris Bancorp Corporate Management

Ross Creasy	Corporate Officer	Profile
Michael Pierson	Chief VP	Profile
Brian Parks	Head Banking	Profile
JD Esq	Corporate Officer	Profile
Ross McWilliams	Executive Division	Profile

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