Banner Correlations

BANR Stock

USD 67.08 0.49 0.73%

The current 90-days correlation between Banner and BancFirst is 0.95 (i.e., Almost no diversification). The correlation of Banner 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Banner Correlation With Market

Very poor diversification

The correlation between Banner and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banner 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 Banner. 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.

To learn how to invest in Banner Stock, please use our How to Invest in Banner guide.

Moving together with Banner Stock

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

Moving against Banner Stock

0.66	CFG-PE	Citizens Financial	Pair Corr
0.54	TFC-PR	Truist Financial	Pair Corr
0.48	TFC-PO	Truist Financial	Pair Corr
0.32	WF	Woori Financial Group	Pair Corr
0.73	WAFDP	Washington Federal	Pair Corr
0.72	FRCIL	First Republic Bank	Pair Corr
0.71	SBNYL	Signature Bank	Pair Corr
0.61	FRCHL	First Republic Bank	Pair Corr
0.6	FRCCL	First Republic Bank	Pair Corr
0.59	FRCKL	First Republic Bank	Pair Corr
0.59	FRCML	First Republic Bank	Pair Corr
0.54	FRCLL	First Republic Bank	Pair Corr

Related Correlations Analysis

	BANF	CHCO	COLB	CVBF	HFWA
BANF		0.96	0.91	0.98	0.97	BANF
CHCO	0.96		0.94	0.95	0.97	CHCO
COLB	0.91	0.94		0.91	0.95	COLB
CVBF	0.98	0.95	0.91		0.97	CVBF
HFWA	0.97	0.97	0.95	0.97		HFWA
	BANF	CHCO	COLB	CVBF	HFWA

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Risk-Adjusted Indicators

There is a big difference between Banner Stock performing well and Banner 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 Banner'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
BANF	1.62	0.12	0.09	0.08	1.74	(1.87)	3.22	(2.95)	20.82
CHCO	1.31	(0.01)	0.02	0.03	1.57	(1.51)	2.67	(2.45)	17.91
COLB	1.59	0.06	0.06	0.06	1.76	(1.90)	3.35	(3.18)	18.85
CVBF	1.70	0.24	0.15	0.12	1.69	(2.03)	3.62	(2.41)	23.41
HFWA	1.55	0.11	0.07	0.08	1.91	(1.56)	2.80	(4.47)	21.63

Banner Corporate Executives

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

Robert Butterfield

Executive CFO

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