Banc Of Correlations

BANC Stock

USD 14.09 0.05 0.35%

The current 90-days correlation between Banc of California, and Byline Bancorp is 0.8 (i.e., Very poor diversification). The correlation of Banc Of 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.

Banc Of Correlation With Market

Very weak diversification

The correlation between Banc of California, and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banc of California, 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 Banc of California,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Banc Stock

0.91	AX	Axos Financial	Pair Corr
0.85	BY	Byline Bancorp	Pair Corr
0.78	KB	KB Financial Group	Pair Corr
0.89	PB	Prosperity Bancshares	Pair Corr
0.94	RF	Regions Financial	Pair Corr
0.91	VBNK	VersaBank	Pair Corr
0.83	VBTX	Veritex Holdings	Pair Corr
0.62	EFSI	Eagle Financial Services	Pair Corr
0.9	EGBN	Eagle Bancorp	Pair Corr
0.78	WASH	Washington Trust Bancorp	Pair Corr
0.89	EQBK	Equity Bancshares,	Pair Corr
0.71	TFINP	Triumph Financial	Pair Corr
0.88	EVBN	Evans Bancorp	Pair Corr
0.86	WMPN	William Penn Bancorp	Pair Corr

Moving against Banc Stock

0.75	VBFC	Village Bank	Pair Corr
0.71	DB	Deutsche Bank AG	Pair Corr
0.57	EBMT	Eagle Bancorp Montana	Pair Corr
0.56	TECTP	Tectonic Financial	Pair Corr
0.43	ECBK	ECB Bancorp	Pair Corr
0.34	KEY-PI	KeyCorp	Pair Corr
0.34	WSBCP	WesBanco	Pair Corr
0.33	BANC-PF	Banc of California	Pair Corr

Related Correlations Analysis

	PGC	NFBK	GSBC	HFWA	BY	BWFG	BSRR	AFBI	HVBC
PGC		0.82	0.8	0.69	0.95	0.78	0.8	0.13	0.0	PGC
NFBK	0.82		0.84	0.74	0.81	0.83	0.72	0.42	0.0	NFBK
GSBC	0.8	0.84		0.64	0.83	0.64	0.54	0.33	0.0	GSBC
HFWA	0.69	0.74	0.64		0.77	0.77	0.8	0.05	0.0	HFWA
BY	0.95	0.81	0.83	0.77		0.82	0.77	0.17	0.0	BY
BWFG	0.78	0.83	0.64	0.77	0.82		0.8	0.41	0.0	BWFG
BSRR	0.8	0.72	0.54	0.8	0.77	0.8		-0.05	0.0	BSRR
AFBI	0.13	0.42	0.33	0.05	0.17	0.41	-0.05		0.0	AFBI
HVBC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		HVBC
	PGC	NFBK	GSBC	HFWA	BY	BWFG	BSRR	AFBI	HVBC

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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

BY	+ 0.95	PGC
GSBC	+ 0.84	NFBK
BWFG	+ 0.83	NFBK
BY	+ 0.83	GSBC
NFBK	+ 0.82	PGC
BWFG	+ 0.82	BY

High negative correlations

AFBI	- 0.05	BSRR
HVBC	- 0.0	AFBI
HVBC	- 0.0	BSRR
HVBC	- 0.0	BWFG
HVBC	- 0.0	BY
HVBC	- 0.0	HFWA

Risk-Adjusted Indicators

There is a big difference between Banc Stock performing well and Banc Of 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 Banc Of'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	Potential Upside	Value @Risk	Maximum Drawdown
PGC	1.56	(0.22)	(0.23)	2.93	(3.53)	8.95
NFBK	1.43	(0.11)	(0.16)	2.58	(3.33)	9.15
GSBC	1.25	(0.16)	(0.26)	2.27	(3.02)	7.73
HFWA	1.20	(0.07)	(0.15)	2.33	(3.27)	8.15
BY	1.13	(0.17)	(0.24)	2.17	(2.09)	5.90
BWFG	1.50	(0.02)	(0.09)	3.42	(2.91)	8.46
BSRR	1.45	(0.03)	(0.09)	2.49	(3.08)	11.56
AFBI	1.15	(0.11)	(0.39)	2.53	(2.02)	22.46
HVBC	0.00	0.00	0.00	0.00	0.00	0.00

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