Hilltop Holdings Correlations

HTH Stock

USD 31.56 0.35 1.10%

The current 90-days correlation between Hilltop Holdings and National Bank Holdings is 0.72 (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 0.4 (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

0.75	AX	Axos Financial	Pair Corr
0.9	BY	Byline Bancorp	Pair Corr
0.78	NU	Nu Holdings	Pair Corr
0.8	PB	Prosperity Bancshares	Pair Corr
0.72	RF	Regions Financial Earnings Call Tomorrow	Pair Corr
0.73	WF	Woori Financial Group	Pair Corr
0.71	VABK	Virginia National	Pair Corr
0.68	VBNK	VersaBank	Pair Corr
0.76	VBTX	Veritex Holdings	Pair Corr
0.74	TFC-PI	Truist Financial	Pair Corr
0.71	TFC-PO	Truist Financial	Pair Corr
0.77	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.7	CFG-PE	Citizens Financial	Pair Corr
0.86	EFSC	Enterprise Financial	Pair Corr
0.8	EGBN	Eagle Bancorp	Pair Corr
0.77	KEY-PJ	KeyCorp	Pair Corr
0.76	KEY-PK	KeyCorp	Pair Corr
0.68	WABC	Westamerica Bancorporation	Pair Corr
0.85	WASH	Washington Trust Bancorp	Pair Corr
0.84	EQBK	Equity Bancshares,	Pair Corr
0.65	EVBN	Evans Bancorp	Pair Corr
0.88	WMPN	William Penn Bancorp	Pair Corr

Moving against Hilltop Stock

0.54

VBFC

Village Bank

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		-0.55	0.04	0.35	-0.58	-0.58	-0.67	-0.6	-0.68	HFBL
FFNW	0.0	-0.55		0.41	0.01	0.93	0.86	0.89	0.9	0.86	FFNW
FNWB	0.0	0.04	0.41		0.17	0.44	0.24	0.23	0.35	0.06	FNWB
FCAP	0.0	0.35	0.01	0.17		-0.27	-0.14	-0.08	0.02	-0.19	FCAP
CWBC	0.0	-0.58	0.93	0.44	-0.27		0.86	0.86	0.85	0.84	CWBC
OVLY	0.0	-0.58	0.86	0.24	-0.14	0.86		0.81	0.74	0.85	OVLY
FSBW	0.0	-0.67	0.89	0.23	-0.08	0.86	0.81		0.96	0.89	FSBW
NECB	0.0	-0.6	0.9	0.35	0.02	0.85	0.74	0.96		0.8	NECB
MBCN	0.0	-0.68	0.86	0.06	-0.19	0.84	0.85	0.89	0.8		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	+ 0.96	FSBW
CWBC	+ 0.93	FFNW
NECB	+ 0.9	FFNW
FSBW	+ 0.89	FFNW
MBCN	+ 0.89	FSBW
OVLY	+ 0.86	FFNW

High negative correlations

MBCN	- 0.68	HFBL
FSBW	- 0.67	HFBL
NECB	- 0.6	HFBL
OVLY	- 0.58	HFBL
CWBC	- 0.58	HFBL
FFNW	- 0.55	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	0.09	0.03	0.14	2.07	(2.31)	6.19	(4.82)	13.83
FFNW	0.71	(0.05)	0.00	(0.14)	0.00	0.00	1.17	(1.69)	4.22
FNWB	1.27	0.24	0.16	0.33	1.24	(1.55)	3.00	(2.73)	6.45
FCAP	1.43	0.03	0.01	0.07	1.90	(1.56)	3.27	(3.38)	11.75
CWBC	1.02	(0.05)	0.00	(0.06)	0.00	0.00	2.48	(2.17)	6.94
OVLY	1.49	0.00	0.00	0.01	2.27	(1.60)	3.76	(2.65)	12.78
FSBW	1.53	(0.29)	0.00	(0.30)	0.00	0.00	2.62	(4.04)	9.31
NECB	1.52	(0.29)	0.00	(0.40)	0.00	0.00	2.69	(4.04)	8.86
MBCN	1.69	(0.27)	0.00	(0.29)	0.00	0.00	3.32	(3.97)	13.08

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