Bank of Hawaii Correlations

Stocks . USA . 
Stock . Bank of Hawaii
BOH Stock  USD 68.26  0.19  0.28%   
The current 90-days correlation between Bank of Hawaii and First Bancorp is 0.71 (i.e., Poor diversification). The correlation of Bank of Hawaii 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.

Bank of Hawaii Correlation With Market

Very weak diversification

The correlation between Bank of Hawaii and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of Hawaii 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 Bank of Hawaii. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For more detail on how to invest in Bank Stock please use our How to Invest in Bank of Hawaii guide.

Moving together with Bank Stock

  0.65AX Axos FinancialPairCorr
  0.82BY Byline BancorpPairCorr
  0.71NU Nu Holdings Aggressive PushPairCorr
  0.88PB Prosperity BancsharesPairCorr
  0.78RF Regions FinancialPairCorr
  0.66VBNK VersaBankPairCorr
  0.67VBTX Veritex HoldingsPairCorr
  0.82EBTC Enterprise BancorpPairCorr
  0.86EFSC Enterprise FinancialPairCorr
  0.67EGBN Eagle BancorpPairCorr
  0.85WASH Washington Trust BancorpPairCorr
  0.85EQBK Equity Bancshares,PairCorr
  0.74ESSA ESSA BancorpPairCorr
  0.72TFINP Triumph FinancialPairCorr
  0.71EVBN Evans BancorpPairCorr
  0.83WMPN William Penn BancorpPairCorr

Moving against Bank Stock

  0.56VBFC Village BankPairCorr
  0.32ECBK ECB BancorpPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Bank Stock performing well and Bank of Hawaii 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 Bank of Hawaii'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CPF  1.34 (0.10) 0.00 (0.17) 0.00 
 0.00 
 2.99 
(3.14)
 8.30 
TBNK  1.49 (0.28) 0.00 (0.38) 0.00 
 0.00 
 2.28 
(3.58)
 8.84 
FBP  1.30 (0.03) 0.00 (0.10) 0.00 
 0.00 
 2.50 
(3.17)
 11.01 
HWC  1.31 (0.05) 0.00 (0.11) 0.00 
 0.00 
 2.78 
(2.59)
 8.61 
FHB  1.15 (0.08) 0.00 (0.17) 0.00 
 0.00 
 2.23 
(2.90)
 6.53 
FISI  1.29  0.05  0.00 (0.02) 0.00 
 0.00 
 2.31 
(2.73)
 11.27 
HFWA  1.19 (0.08) 0.00 (0.17) 0.00 
 0.00 
 2.33 
(3.27)
 8.15 
WMPN  1.18 (0.20) 0.00 (0.31) 0.00 
 0.00 
 2.11 
(3.26)
 7.70 
PKBK  1.16 (0.22) 0.00 (0.42) 0.00 
 0.00 
 1.90 
(2.62)
 5.78 
NBHC  1.11 (0.16) 0.00 (0.25) 0.00 
 0.00 
 1.77 
(3.03)
 6.80 

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