Hope Bancorp Correlations

HOPE Stock

USD 13.77 0.03 0.22%

The current 90-days correlation between Hope Bancorp and Hanmi Financial is 0.81 (i.e., Very poor diversification). The correlation of Hope 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.

Hope Bancorp Correlation With Market

Poor diversification

The correlation between Hope Bancorp and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hope Bancorp 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 Hope 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 american community survey.

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

Moving together with Hope Stock

0.93	AX	Axos Financial	Pair Corr
0.9	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.91	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.91	RF	Regions Financial Sell-off Trend	Pair Corr
0.65	VABK	Virginia National	Pair Corr
0.83	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.89	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.62	TECTP	Tectonic Financial	Pair Corr
0.74	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.93	EBTC	Enterprise Bancorp	Pair Corr
0.93	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.82	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.91	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.8	WAFD	Washington Federal	Pair Corr
0.87	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.62	BANC-PF	Banc of California	Pair Corr
0.92	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.82	ESSA	ESSA Bancorp	Pair Corr
0.8	EVBN	Evans Bancorp	Pair Corr
0.63	WSBCP	WesBanco	Pair Corr

Moving against Hope Stock

0.47	CFG-PE	Citizens Financial	Pair Corr
0.43	TFC-PO	Truist Financial	Pair Corr
0.41	TFC-PR	Truist Financial	Pair Corr
0.34	FRCIL	First Republic Bank	Pair Corr

Related Correlations Analysis

	OPBK	PCB	FISI	LNKB	HAFC	NBN	RBB	CWBC	HFWA
OPBK		0.92	0.66	0.95	0.99	0.93	0.74	0.55	0.94	OPBK
PCB	0.92		0.82	0.92	0.9	0.81	0.82	0.74	0.97	PCB
FISI	0.66	0.82		0.71	0.67	0.63	0.93	0.71	0.8	FISI
LNKB	0.95	0.92	0.71		0.94	0.9	0.77	0.54	0.93	LNKB
HAFC	0.99	0.9	0.67	0.94		0.94	0.75	0.52	0.95	HAFC
NBN	0.93	0.81	0.63	0.9	0.94		0.77	0.3	0.86	NBN
RBB	0.74	0.82	0.93	0.77	0.75	0.77		0.54	0.81	RBB
CWBC	0.55	0.74	0.71	0.54	0.52	0.3	0.54		0.68	CWBC
HFWA	0.94	0.97	0.8	0.93	0.95	0.86	0.81	0.68		HFWA
	OPBK	PCB	FISI	LNKB	HAFC	NBN	RBB	CWBC	HFWA

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Risk-Adjusted Indicators

There is a big difference between Hope Stock performing well and Hope 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 Hope 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
OPBK	1.35	0.33	0.32	0.32	0.78	(1.67)	3.01	(2.13)	14.64
PCB	1.32	0.01	0.05	0.12	1.32	(1.52)	3.69	(2.20)	8.28
FISI	1.71	(0.15)	0.00	0.05	1.90	(1.90)	3.83	(3.22)	18.30
LNKB	1.64	0.13	0.10	0.21	1.33	(2.22)	3.72	(2.38)	10.82
HAFC	1.77	0.31	0.20	0.29	1.43	(1.93)	4.47	(3.10)	15.75
NBN	1.59	0.34	0.38	0.30	0.73	(2.27)	4.85	(2.02)	12.84
RBB	1.39	(0.10)	0.00	0.06	1.45	(1.60)	2.79	(2.53)	10.92
CWBC	1.03	0.00	0.02	0.11	1.12	(1.11)	2.53	(2.16)	9.14
HFWA	1.53	0.07	0.10	0.15	1.54	(1.56)	3.20	(2.17)	19.67

Hope Bancorp Corporate Executives

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

Julianna Balicka

Executive CFO

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