Hilltop Holdings Correlations

HTH Stock

USD 30.52 0.02 0.07%

The current 90-days correlation between Hilltop Holdings and National Bank Holdings is 0.77 (i.e., Poor diversification). The correlation of Hilltop Holdings 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.

Hilltop Holdings Correlation With Market

Very weak diversification

The correlation between Hilltop Holdings and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hilltop Holdings 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 Hilltop Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in Hilltop Stock please use our How to Invest in Hilltop Holdings guide.

Moving together with Hilltop Stock

0.67	FRHC	Freedom Holding Corp	Pair Corr
0.85	VOYA-PB	Voya Financial	Pair Corr
0.85	V	Visa Class A	Pair Corr
0.73	AC	Associated Capital	Pair Corr
0.72	BK	Bank of New York	Pair Corr
0.67	LX	Lexinfintech Holdings	Pair Corr
0.81	MA	Mastercard Sell-off Trend	Pair Corr

Moving against Hilltop Stock

0.62	RILYP	B Riley Financial	Pair Corr
0.59	EG	Everest Group	Pair Corr
0.38	BX	Blackstone Group Normal Trading	Pair Corr
0.38	CM	Canadian Imperial Bank	Pair Corr
0.32	DHIL	Diamond Hill Investment	Pair Corr
0.31	CG	Carlyle Group Normal Trading	Pair Corr
0.62	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.47	KB	KB Financial Group	Pair Corr
0.35	WD	Walker Dunlop	Pair Corr
0.32	WT	WisdomTree	Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OVLY	FSBW	NECB	MBCN
HMNF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	0.0		-0.24	0.31	0.44	-0.25	-0.29	-0.4	-0.4	-0.28	HFBL
FFNW	0.0	-0.24		0.04	-0.01	0.22	0.08	0.14	0.27	0.25	FFNW
FNWB	0.0	0.31	0.04		0.04	0.21	0.1	0.03	0.17	-0.37	FNWB
FCAP	0.0	0.44	-0.01	0.04		-0.59	-0.55	-0.87	-0.85	-0.2	FCAP
CWBC	0.0	-0.25	0.22	0.21	-0.59		0.69	0.83	0.78	0.4	CWBC
OVLY	0.0	-0.29	0.08	0.1	-0.55	0.69		0.7	0.51	0.4	OVLY
FSBW	0.0	-0.4	0.14	0.03	-0.87	0.83	0.7		0.91	0.34	FSBW
NECB	0.0	-0.4	0.27	0.17	-0.85	0.78	0.51	0.91		0.17	NECB
MBCN	0.0	-0.28	0.25	-0.37	-0.2	0.4	0.4	0.34	0.17		MBCN
	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OVLY	FSBW	NECB	MBCN

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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

NECB	+ 0.91	FSBW
FSBW	+ 0.83	CWBC
NECB	+ 0.78	CWBC
FSBW	+ 0.7	OVLY
OVLY	+ 0.69	CWBC
NECB	+ 0.51	OVLY

High negative correlations

FSBW	- 0.87	FCAP
NECB	- 0.85	FCAP
CWBC	- 0.59	FCAP
OVLY	- 0.55	FCAP
NECB	- 0.4	HFBL
FSBW	- 0.4	HFBL

Risk-Adjusted Indicators

There is a big difference between Hilltop Stock performing well and Hilltop Holdings 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 Hilltop Holdings' 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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.61	0.16	0.07	0.48	2.06	(2.10)	5.67	(4.53)	13.32
FFNW	0.98	0.05	0.10	(4.29)	1.01	(1.14)	1.17	(1.77)	16.29
FNWB	1.20	0.00	0.00	(0.07)	0.00	0.00	2.68	(2.76)	9.99
FCAP	1.23	0.45	0.26	0.88	1.22	(1.40)	3.26	(2.28)	10.37
CWBC	0.99	(0.21)	0.00	(0.33)	0.00	0.00	2.28	(2.17)	6.01
OVLY	1.48	(0.26)	0.00	(0.46)	0.00	0.00	2.38	(3.77)	11.49
FSBW	1.58	(0.22)	0.00	(0.28)	0.00	0.00	2.62	(4.04)	9.31
NECB	1.30	(0.21)	0.00	(0.38)	0.00	0.00	2.58	(2.61)	6.86
MBCN	2.03	(0.01)	0.00	(0.08)	0.00	0.00	5.07	(3.72)	13.07

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