Hancock Whitney Correlations

HWCPZ Stock

USD 25.33 0.57 2.30%

The current 90-days correlation between Hancock Whitney and Office Properties Income is 0.26 (i.e., Modest diversification). The correlation of Hancock Whitney 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.

Hancock Whitney Correlation With Market

Average diversification

The correlation between Hancock Whitney and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hancock Whitney 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 Hancock Whitney. 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 more information on how to buy Hancock Stock please use our How to Invest in Hancock Whitney guide.

Moving together with Hancock Stock

0.64	CFG-PE	Citizens Financial	Pair Corr
0.65	WAFDP	Washington Federal	Pair Corr

Moving against Hancock Stock

0.52	WCFB	WCF Bancorp	Pair Corr
0.39	HCBC	High Country Bancorp	Pair Corr
0.35	GBNY	Generations Bancorp	Pair Corr
0.33	FNMA	Federal National Mortgage	Pair Corr
0.32	FMCC	Federal Home Loan	Pair Corr
0.32	FSTF	First State Financial	Pair Corr

Related Correlations Analysis

	OPINL	BHFAL	AFGD	AFGB	CMSD
OPINL		0.37	0.14	0.52	0.29	OPINL
BHFAL	0.37		0.62	0.47	0.35	BHFAL
AFGD	0.14	0.62		0.45	-0.16	AFGD
AFGB	0.52	0.47	0.45		0.2	AFGB
CMSD	0.29	0.35	-0.16	0.2		CMSD
	OPINL	BHFAL	AFGD	AFGB	CMSD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

AFGD	+ 0.62	BHFAL
AFGB	+ 0.52	OPINL
AFGB	+ 0.47	BHFAL
AFGB	+ 0.45	AFGD
BHFAL	+ 0.37	OPINL
CMSD	+ 0.35	BHFAL

High negative correlations

CMSD

- 0.16

AFGD

Risk-Adjusted Indicators

There is a big difference between Hancock Stock performing well and Hancock Whitney 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 Hancock Whitney'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
OPINL	1.84	(0.03)	(0.01)	0.10	3.21	(2.05)	3.76	(3.15)	25.29
BHFAL	0.55	0.07	(0.04)	0.41	0.51	(0.60)	1.41	(0.97)	3.12
AFGD	0.64	0.04	(0.09)	(31.02)	0.78	(0.64)	1.30	(1.40)	3.72
AFGB	0.45	(0.01)	(0.23)	(0.07)	0.55	(0.48)	0.93	(0.88)	2.20
CMSD	0.36	(0.01)	(0.28)	(0.55)	0.47	(0.36)	0.74	(0.70)	1.95

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC