Sierra Bancorp Correlations

BSRR Stock

USD 31.47 0.14 0.44%

The current 90-days correlation between Sierra Bancorp and First Financial Northwest is 0.5 (i.e., Very weak diversification). The correlation of Sierra Bancorp 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.

Sierra Bancorp Correlation With Market

Poor diversification

The correlation between Sierra Bancorp and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sierra Bancorp 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 Sierra Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Sierra Stock

0.9	AX	Axos Financial	Pair Corr
0.91	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.86	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.77	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.64	VABK	Virginia National	Pair Corr
0.64	VBNK	VersaBank Normal Trading	Pair Corr
0.74	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.82	EBTC	Enterprise Bancorp	Pair Corr
0.88	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.69	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.89	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.8	WAFD	Washington Federal	Pair Corr
0.8	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.77	BANC-PF	Banc of California	Pair Corr
0.8	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.65	ESSA	ESSA Bancorp	Pair Corr
0.67	EVBN	Evans Bancorp	Pair Corr

Moving against Sierra Stock

0.44	CFG-PE	Citizens Financial	Pair Corr
0.33	TFC-PR	Truist Financial	Pair Corr
0.48	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	GSBC	OFED	CIZN	HVBC
HMNF		-0.16	0.1	0.26	-0.17	0.44	0.52	-0.34	-0.62	0.4	HMNF
HFBL	-0.16		-0.04	0.02	0.14	-0.04	0.11	-0.27	-0.06	0.08	HFBL
FFNW	0.1	-0.04		0.3	-0.09	-0.09	-0.14	0.1	0.12	-0.07	FFNW
FNWB	0.26	0.02	0.3		-0.65	0.62	0.22	0.31	-0.01	0.21	FNWB
FCAP	-0.17	0.14	-0.09	-0.65		-0.64	-0.2	-0.4	-0.15	0.13	FCAP
CWBC	0.44	-0.04	-0.09	0.62	-0.64		0.72	0.09	-0.13	0.29	CWBC
GSBC	0.52	0.11	-0.14	0.22	-0.2	0.72		-0.47	-0.46	0.27	GSBC
OFED	-0.34	-0.27	0.1	0.31	-0.4	0.09	-0.47		0.72	-0.25	OFED
CIZN	-0.62	-0.06	0.12	-0.01	-0.15	-0.13	-0.46	0.72		-0.33	CIZN
HVBC	0.4	0.08	-0.07	0.21	0.13	0.29	0.27	-0.25	-0.33		HVBC
	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	GSBC	OFED	CIZN	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

GSBC	+ 0.72	CWBC
CIZN	+ 0.72	OFED
CWBC	+ 0.62	FNWB
GSBC	+ 0.52	HMNF
CWBC	+ 0.44	HMNF
HVBC	+ 0.4	HMNF

High negative correlations

FCAP	- 0.65	FNWB
CWBC	- 0.64	FCAP
CIZN	- 0.62	HMNF
OFED	- 0.47	GSBC
CIZN	- 0.46	GSBC
OFED	- 0.4	FCAP

Risk-Adjusted Indicators

There is a big difference between Sierra Stock performing well and Sierra Bancorp 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 Sierra Bancorp'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
HMNF	1.88	0.36	0.12	1.37	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.56	(0.16)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
FFNW	0.61	(0.02)	(0.12)	0.05	0.76	(0.65)	1.65	(1.13)	4.32
FNWB	1.65	0.02	(0.01)	0.14	1.74	(1.92)	4.11	(2.82)	14.21
FCAP	1.79	(0.02)	(0.05)	0.01	2.07	(2.37)	6.22	(4.11)	14.42
CWBC	1.03	0.00	0.02	0.11	1.12	(1.11)	2.53	(2.16)	9.14
GSBC	1.54	(0.11)	0.01	0.07	1.85	(1.64)	3.41	(3.32)	19.09
OFED	2.13	(0.20)	0.00	0.69	0.00	0.00	3.48	(5.28)	12.66
CIZN	0.88	(0.08)	0.00	1.74	0.00	0.00	3.00	(2.14)	6.16
HVBC	1.51	0.33	0.08	2.99	2.03	(1.59)	2.68	(4.11)	18.63

Sierra Bancorp Corporate Management

Alexandra Blazar	Secretary	Profile
Jennifer Johnson	Executive Officer	Profile
Hugh Boyle	Executive Officer	Profile
Natalia Coen	Executive Officer	Profile
Cindy Dabney	Senior Officer	Profile

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