Burke Herbert Correlations
| BHRB Stock | USD 58.68 1.08 1.87% |
The current 90-days correlation between Burke Herbert Financial and Private Bancorp of is 0.08 (i.e., Significant diversification). The correlation of Burke Herbert 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.
Burke Herbert Correlation With Market
Very weak diversification
The correlation between Burke Herbert Financial and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Burke Herbert Financial and DJI in the same portfolio, assuming nothing else is changed.
Burke |
Moving together with Burke Stock
| 0.74 | AX | Axos Financial | PairCorr |
| 0.92 | BY | Byline Bancorp | PairCorr |
| 0.73 | PB | Prosperity Bancshares | PairCorr |
| 0.69 | RF | Regions Financial | PairCorr |
| 0.71 | VABK | Virginia National | PairCorr |
| 0.65 | VBNK | VersaBank | PairCorr |
| 0.86 | VBTX | Veritex Holdings | PairCorr |
| 0.76 | EBTC | Enterprise Bancorp | PairCorr |
| 0.72 | EFSC | Enterprise Financial | PairCorr |
| 0.77 | EGBN | Eagle Bancorp | PairCorr |
| 0.69 | WASH | Washington Trust Bancorp | PairCorr |
| 0.88 | EQBK | Equity Bancshares, | PairCorr |
| 0.62 | ESSA | ESSA Bancorp | PairCorr |
| 0.64 | TFINP | Triumph Financial | PairCorr |
| 0.83 | EVBN | Evans Bancorp | PairCorr |
| 0.85 | WMPN | William Penn Bancorp | PairCorr |
| 0.69 | WNEB | Western New England | PairCorr |
Moving against Burke Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Burke Stock performing well and Burke Herbert 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 Burke Herbert'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PBAM | 0.49 | (0.01) | 0.00 | (0.08) | 0.00 | 1.27 | 6.39 | |||
| FISB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AVBH | 0.92 | 0.05 | 0.05 | 1.70 | 1.31 | 4.85 | 12.25 | |||
| AMBZ | 0.98 | 0.05 | 0.05 | 0.09 | 1.16 | 2.86 | 8.76 | |||
| BHWB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CULL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HFBL | 1.61 | 0.14 | 0.06 | 1.05 | 2.06 | 5.67 | 13.32 | |||
| HMNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MGYR | 1.10 | 0.01 | 0.02 | 0.00 | 1.45 | 2.98 | 6.74 | |||
| NWYF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Burke Herbert Corporate Management
| Julie Markwood | Senior Officer | Profile | |
| Jennifer Schmidt | Principal Officer | Profile | |
| Robert CPA | Executive Strategy | Profile | |
| Seth Feibelman | Senior Executive | Profile | |
| Joseph Collum | Executive Banking | Profile | |
| Debra Mills | Principal Planning | Profile | |
| Mary Michniak | Principal Auditor | Profile |