HomeStreet Correlations

HMST Stock

USD 9.14 0.04 0.44%

The current 90-days correlation between HomeStreet and Heartland Financial USA is -0.09 (i.e., Good diversification). The correlation of HomeStreet 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.

HomeStreet Correlation With Market

Weak diversification

The correlation between HomeStreet and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HomeStreet and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HomeStreet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy HomeStreet Stock please use our How to Invest in HomeStreet guide.

Moving together with HomeStreet Stock

0.9	AX	Axos Financial	Pair Corr
0.79	BY	Byline Bancorp	Pair Corr
0.64	PB	Prosperity Bancshares	Pair Corr
0.78	RF	Regions Financial	Pair Corr
0.69	VABK	Virginia National	Pair Corr
0.86	VBNK	VersaBank	Pair Corr
0.88	VBTX	Veritex Holdings	Pair Corr
0.9	EGBN	Eagle Bancorp	Pair Corr
0.68	WABC	Westamerica Bancorporation	Pair Corr
0.83	WAFD	Washington Federal	Pair Corr
0.76	EQBK	Equity Bancshares,	Pair Corr
0.83	WAFDP	Washington Federal	Pair Corr
0.88	EVBN	Evans Bancorp	Pair Corr
0.72	EWBC	East West Bancorp	Pair Corr
0.73	WMPN	William Penn Bancorp	Pair Corr

Moving against HomeStreet Stock

0.84	VBFC	Village Bank	Pair Corr
0.75	TECTP	Tectonic Financial	Pair Corr
0.6	KEY-PI	KeyCorp	Pair Corr
0.41	TFC-PO	Truist Financial	Pair Corr
0.37	EBMT	Eagle Bancorp Montana	Pair Corr
0.34	TFC-PR	Truist Financial	Pair Corr
0.32	WF	Woori Financial Group	Pair Corr
0.83	FCAP	First Capital	Pair Corr
0.73	OCFCP	OceanFirst Financial Corp	Pair Corr
0.69	BANFP	BFC Capital Trust	Pair Corr
0.68	WSBCP	WesBanco	Pair Corr
0.6	BANC-PF	Banc of California	Pair Corr
0.38	KEY-PL	KeyCorp	Pair Corr

Related Correlations Analysis

	HTLF	HTBK	BFST	GABC	TCBI
HTLF		-0.7	-0.6	-0.63	-0.65	HTLF
HTBK	-0.7		0.58	0.39	0.43	HTBK
BFST	-0.6	0.58		0.78	0.86	BFST
GABC	-0.63	0.39	0.78		0.77	GABC
TCBI	-0.65	0.43	0.86	0.77		TCBI
	HTLF	HTBK	BFST	GABC	TCBI

Click cells to compare fundamentals

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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

TCBI	+ 0.86	BFST
GABC	+ 0.78	BFST
TCBI	+ 0.77	GABC
BFST	+ 0.58	HTBK
TCBI	+ 0.43	HTBK
GABC	+ 0.39	HTBK

High negative correlations

HTBK	- 0.7	HTLF
TCBI	- 0.65	HTLF
GABC	- 0.63	HTLF
BFST	- 0.6	HTLF

Risk-Adjusted Indicators

There is a big difference between HomeStreet Stock performing well and HomeStreet 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 HomeStreet'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
HTLF	1.58	0.24	0.20	(19.33)	1.51	(1.98)	3.53	(2.52)	19.68
HTBK	1.12	(0.10)	0.00	0.82	0.00	0.00	2.22	(2.81)	7.95
BFST	1.39	(0.09)	0.00	(0.17)	0.00	0.00	2.01	(3.27)	12.77
GABC	1.06	(0.16)	0.00	(0.31)	0.00	0.00	2.41	(2.42)	6.95
TCBI	1.52	(0.06)	0.00	(0.14)	0.00	0.00	3.06	(4.33)	8.15

HomeStreet Corporate Executives

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

John CPA

Executive CFO

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