Amalgamated Bank Correlations

AMAL Stock

USD 34.94 0.07 0.20%

The current 90-days correlation between Amalgamated Bank and Home Bancorp is 0.68 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amalgamated Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amalgamated Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amalgamated Bank Correlation With Market

Poor diversification

The correlation between Amalgamated Bank 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 Amalgamated Bank 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 Amalgamated Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with Amalgamated Stock

0.91	AX	Axos Financial	Pair Corr
0.88	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.89	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.92	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.75	VBFC	Village Bank	Pair Corr
0.9	VBNK	VersaBank	Pair Corr
0.95	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.74	TECTP	Tectonic Financial	Pair Corr
0.9	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.76	EBTC	Enterprise Bancorp Normal Trading	Pair Corr
0.73	ECBK	ECB Bancorp	Pair Corr
0.92	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.92	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.61	KEY-PK	KeyCorp	Pair Corr
0.72	KEY-PL	KeyCorp	Pair Corr
0.93	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.74	WAFD	Washington Federal	Pair Corr
0.95	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.65	BANC-PF	Banc of California	Pair Corr
0.95	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.87	ESSA	ESSA Bancorp	Pair Corr
0.89	EVBN	Evans Bancorp	Pair Corr
0.79	WSBCP	WesBanco	Pair Corr
0.85	WMPN	William Penn Bancorp	Pair Corr
0.69	WNEB	Western New England Fiscal Year End 28th of January 2025	Pair Corr

Moving against Amalgamated Stock

0.77	CFG-PE	Citizens Financial	Pair Corr
0.69	TFC-PR	Truist Financial	Pair Corr
0.67	TFC-PO	Truist Financial	Pair Corr
0.37	WF	Woori Financial Group	Pair Corr
0.63	WAFDP	Washington Federal	Pair Corr
0.62	FRCIL	First Republic Bank	Pair Corr
0.47	FRCCL	First Republic Bank	Pair Corr
0.47	FRCHL	First Republic Bank	Pair Corr
0.46	FRCKL	First Republic Bank	Pair Corr
0.46	FRCML	First Republic Bank	Pair Corr
0.45	FRCLL	First Republic Bank	Pair Corr

Related Correlations Analysis

	HBCP	CWBC	FCCO	GSBC	AFBI	FFNW	NECB	BAFN	BCAL
HBCP		0.74	0.94	0.89	0.2	-0.25	0.84	0.19	0.87	HBCP
CWBC	0.74		0.82	0.87	0.51	-0.27	0.48	0.13	0.9	CWBC
FCCO	0.94	0.82		0.9	0.37	-0.31	0.76	0.2	0.91	FCCO
GSBC	0.89	0.87	0.9		0.43	-0.29	0.69	0.26	0.94	GSBC
AFBI	0.2	0.51	0.37	0.43		-0.29	-0.03	0.06	0.44	AFBI
FFNW	-0.25	-0.27	-0.31	-0.29	-0.29		-0.12	-0.31	-0.44	FFNW
NECB	0.84	0.48	0.76	0.69	-0.03	-0.12		0.17	0.72	NECB
BAFN	0.19	0.13	0.2	0.26	0.06	-0.31	0.17		0.24	BAFN
BCAL	0.87	0.9	0.91	0.94	0.44	-0.44	0.72	0.24		BCAL
	HBCP	CWBC	FCCO	GSBC	AFBI	FFNW	NECB	BAFN	BCAL

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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

FCCO	+ 0.94	HBCP
BCAL	+ 0.94	GSBC
BCAL	+ 0.91	FCCO
BCAL	+ 0.9	CWBC
GSBC	+ 0.9	FCCO
GSBC	+ 0.89	HBCP

High negative correlations

BCAL	- 0.44	FFNW
BAFN	- 0.31	FFNW
FFNW	- 0.31	FCCO
FFNW	- 0.29	AFBI
FFNW	- 0.29	GSBC
FFNW	- 0.27	CWBC

Risk-Adjusted Indicators

There is a big difference between Amalgamated Stock performing well and Amalgamated Bank 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 Amalgamated Bank'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	1.53	0.12	0.11	0.16	1.56	(1.82)	3.67	(2.15)	10.26
CWBC	1.02	0.01	0.03	0.10	1.11	(1.12)	2.53	(2.16)	9.14
FCCO	1.22	0.23	0.16	0.32	0.96	(1.36)	3.05	(2.20)	10.76
GSBC	1.50	0.07	0.09	0.12	1.68	(1.60)	3.41	(3.32)	19.09
AFBI	0.40	0.03	(0.13)	(0.10)	0.48	(0.51)	0.79	(0.78)	4.44
FFNW	0.64	(0.07)	0.00	(0.09)	0.00	0.00	1.36	(1.20)	4.32
NECB	1.82	0.24	0.13	0.23	2.07	(1.95)	3.59	(3.86)	12.53
BAFN	1.64	0.08	(0.02)	(0.26)	1.78	(2.07)	3.66	(2.80)	11.45
BCAL	0.97	0.17	0.26	0.19	0.45	(1.29)	2.47	(1.35)	11.39

Amalgamated Bank Corporate Management

Tyrone Graham	EVP Officer	Profile
Kenneth Schmidt	Executive Finance	Profile
Tanisa Williams	VP HR	Profile
Adrian Glace	Senior Officer	Profile

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