Home BancShares Correlations

HOMB Stock

USD 28.11 0.50 1.75%

The current 90-days correlation between Home BancShares and National Bank Holdings is 0.1 (i.e., Average diversification). The correlation of Home BancShares 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.

Home BancShares Correlation With Market

Average diversification

The correlation between Home BancShares and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Home BancShares 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 Home BancShares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade Home Stock refer to our How to Trade Home Stock guide.

Moving together with Home Stock

0.75	NU	Nu Holdings Aggressive Push	Pair Corr
0.69	PB	Prosperity Bancshares	Pair Corr
0.63	TFC-PO	Truist Financial	Pair Corr
0.62	TFC-PR	Truist Financial	Pair Corr
0.77	EBTC	Enterprise Bancorp	Pair Corr
0.62	CFG-PH	Citizens Financial Group,	Pair Corr
0.65	EFSC	Enterprise Financial	Pair Corr
0.61	WASH	Washington Trust Bancorp	Pair Corr
0.86	ESSA	ESSA Bancorp	Pair Corr

Moving against Home Stock

0.5	ECBK	ECB Bancorp	Pair Corr
0.33	WAFD	Washington Federal	Pair Corr

Related Correlations Analysis

	CWBC	FFNW	FNWB	FCAP	NBHC	BSVN	IBOC	BSRR	FBMS	CFB
CWBC		0.32	0.24	-0.59	0.79	0.01	0.1	0.57	0.44	0.33	CWBC
FFNW	0.32		0.04	-0.08	0.23	-0.08	0.14	0.3	0.26	0.05	FFNW
FNWB	0.24	0.04		0.06	0.25	-0.13	0.56	0.71	0.7	-0.4	FNWB
FCAP	-0.59	-0.08	0.06		-0.83	-0.53	-0.25	-0.14	-0.21	-0.09	FCAP
NBHC	0.79	0.23	0.25	-0.83		0.42	0.35	0.54	0.5	0.1	NBHC
BSVN	0.01	-0.08	-0.13	-0.53	0.42		0.28	-0.02	0.14	-0.11	BSVN
IBOC	0.1	0.14	0.56	-0.25	0.35	0.28		0.64	0.66	-0.62	IBOC
BSRR	0.57	0.3	0.71	-0.14	0.54	-0.02	0.64		0.88	-0.3	BSRR
FBMS	0.44	0.26	0.7	-0.21	0.5	0.14	0.66	0.88		-0.57	FBMS
CFB	0.33	0.05	-0.4	-0.09	0.1	-0.11	-0.62	-0.3	-0.57		CFB
	CWBC	FFNW	FNWB	FCAP	NBHC	BSVN	IBOC	BSRR	FBMS	CFB

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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

FBMS	+ 0.88	BSRR
NBHC	+ 0.79	CWBC
BSRR	+ 0.71	FNWB
FBMS	+ 0.7	FNWB
FBMS	+ 0.66	IBOC
BSRR	+ 0.64	IBOC

High negative correlations

NBHC	- 0.83	FCAP
CFB	- 0.62	IBOC
FCAP	- 0.59	CWBC
CFB	- 0.57	FBMS
BSVN	- 0.53	FCAP
CFB	- 0.4	FNWB

Risk-Adjusted Indicators

There is a big difference between Home Stock performing well and Home BancShares 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 Home BancShares' 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
CWBC	0.98	(0.19)	0.00	(0.31)	0.00	0.00	2.28	(2.17)	6.01
FFNW	0.99	0.03	0.09	(5.19)	1.05	(1.14)	1.17	(1.77)	16.29
FNWB	1.17	(0.01)	0.00	(0.17)	0.00	0.00	2.68	(2.76)	9.99
FCAP	1.28	0.39	0.21	0.73	1.46	(1.40)	3.26	(3.38)	10.37
NBHC	1.12	(0.17)	0.00	(0.25)	0.00	0.00	1.77	(3.03)	6.80
BSVN	1.52	(0.15)	0.00	14.61	0.00	0.00	2.55	(3.20)	14.60
IBOC	1.12	(0.03)	0.00	0.08	0.00	0.00	2.14	(2.05)	6.66
BSRR	1.44	0.01	0.00	(0.06)	0.00	0.00	2.49	(3.08)	11.56
FBMS	1.34	0.04	0.00	(0.04)	0.00	0.00	2.88	(3.15)	8.28
CFB	1.41	(0.14)	0.00	0.90	0.00	0.00	2.78	(2.78)	8.40

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