Atlantic Union Correlations

AUB Stock

USD 32.34 0.58 1.76%

The current 90-days correlation between Atlantic Union Bankshares and First Financial Bankshares is 0.83 (i.e., Very poor diversification). The correlation of Atlantic Union 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.

Atlantic Union Correlation With Market

Very weak diversification

The correlation between Atlantic Union Bankshares and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlantic Union Bankshares 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 Atlantic Union Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Atlantic Stock

0.93	AX	Axos Financial	Pair Corr
0.9	BY	Byline Bancorp	Pair Corr
0.67	KB	KB Financial Group	Pair Corr
0.85	PB	Prosperity Bancshares	Pair Corr
0.89	RF	Regions Financial Normal Trading	Pair Corr
0.94	VBNK	VersaBank	Pair Corr
0.91	VBTX	Veritex Holdings	Pair Corr
0.61	EFSI	Eagle Financial Services	Pair Corr
0.9	EGBN	Eagle Bancorp	Pair Corr
0.7	WAFD	Washington Federal	Pair Corr
0.88	EQBK	Equity Bancshares,	Pair Corr
0.65	WAFDP	Washington Federal	Pair Corr
0.76	TFINP	Triumph Financial	Pair Corr
0.95	EVBN	Evans Bancorp	Pair Corr
0.89	WMPN	William Penn Bancorp	Pair Corr

Moving against Atlantic Stock

0.82	DB	Deutsche Bank AG	Pair Corr
0.82	VBFC	Village Bank	Pair Corr
0.64	TECTP	Tectonic Financial	Pair Corr
0.56	EBMT	Eagle Bancorp Montana	Pair Corr
0.45	ECBK	ECB Bancorp	Pair Corr
0.51	KEY-PI	KeyCorp	Pair Corr
0.5	WSBCP	WesBanco	Pair Corr
0.47	KEY-PL	KeyCorp	Pair Corr
0.4	BANC-PF	Banc of California	Pair Corr
0.33	KEY-PJ	KeyCorp	Pair Corr
0.33	KEY-PK	KeyCorp	Pair Corr

Related Correlations Analysis

	HBCP	CWBC	FCCO	GSBC	AFBI	FFIN	BOKF	AUBN	FGBI	FNWB
HBCP		0.63	0.9	0.51	-0.15	0.84	0.64	-0.32	0.28	0.7	HBCP
CWBC	0.63		0.66	0.82	0.38	0.73	0.69	0.31	0.67	0.25	CWBC
FCCO	0.9	0.66		0.59	-0.14	0.81	0.76	-0.2	0.42	0.75	FCCO
GSBC	0.51	0.82	0.59		0.17	0.64	0.86	0.37	0.8	0.29	GSBC
AFBI	-0.15	0.38	-0.14	0.17		-0.03	-0.13	0.25	0.11	-0.32	AFBI
FFIN	0.84	0.73	0.81	0.64	-0.03		0.75	-0.16	0.32	0.59	FFIN
BOKF	0.64	0.69	0.76	0.86	-0.13	0.75		0.2	0.72	0.52	BOKF
AUBN	-0.32	0.31	-0.2	0.37	0.25	-0.16	0.2		0.67	-0.52	AUBN
FGBI	0.28	0.67	0.42	0.8	0.11	0.32	0.72	0.67		0.02	FGBI
FNWB	0.7	0.25	0.75	0.29	-0.32	0.59	0.52	-0.52	0.02		FNWB
	HBCP	CWBC	FCCO	GSBC	AFBI	FFIN	BOKF	AUBN	FGBI	FNWB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.9	HBCP
BOKF	+ 0.86	GSBC
FFIN	+ 0.84	HBCP
GSBC	+ 0.82	CWBC
FFIN	+ 0.81	FCCO
FGBI	+ 0.8	GSBC

High negative correlations

FNWB	- 0.52	AUBN
FNWB	- 0.32	AFBI
AUBN	- 0.32	HBCP
AUBN	- 0.2	FCCO
AUBN	- 0.16	FFIN
AFBI	- 0.15	HBCP

Risk-Adjusted Indicators

There is a big difference between Atlantic Stock performing well and Atlantic Union 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 Atlantic Union'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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HBCP	1.40	(0.09)	(0.06)	0.00	0.00	3.09	(3.25)	8.36
CWBC	1.01	(0.17)	(0.19)	0.00	0.00	2.45	(2.17)	6.01
FCCO	1.34	(0.19)	(0.15)	0.00	0.00	3.41	(3.73)	10.26
GSBC	1.25	(0.19)	(0.21)	0.00	0.00	2.41	(3.02)	7.73
AFBI	1.17	(0.16)	(0.48)	0.00	0.00	2.53	(2.02)	22.46
FFIN	1.23	(0.10)	(0.11)	0.00	0.00	3.11	(2.15)	6.45
BOKF	1.19	(0.13)	(0.11)	0.00	0.00	2.54	(3.21)	6.40
AUBN	1.57	(0.11)	0.22	0.00	0.00	4.18	(2.95)	9.06
FGBI	1.93	(0.71)	(1.26)	0.00	0.00	2.55	(5.64)	24.95
FNWB	1.17	0.00	0.00	1.45	(1.39)	2.68	(2.76)	9.99

Atlantic Union Corporate Management

Rachael Lape	General VP	Profile
Douglas III	Executive Officer	Profile
David Ring	Executive Executive	Profile
William Cimino	Senior Relations	Profile
Sherry Williams	Executive Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC