Regions Financial Correlations

RF Stock

USD 23.37 0.02 0.09%

The current 90-days correlation between Regions Financial and KeyCorp is 0.2 (i.e., Modest diversification). The correlation of Regions Financial 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.

Regions Financial Correlation With Market

Good diversification

The correlation between Regions Financial and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regions Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Regions Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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

Moving together with Regions Stock

0.92	AX	Axos Financial	Pair Corr
0.85	BY	Byline Bancorp	Pair Corr
0.82	KB	KB Financial Group	Pair Corr
0.92	PB	Prosperity Bancshares	Pair Corr
0.7	WF	Woori Financial Group	Pair Corr
0.78	VABK	Virginia National	Pair Corr
0.92	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.86	VBTX	Veritex Holdings	Pair Corr
0.8	TFC-PI	Truist Financial	Pair Corr
0.65	EBMT	Eagle Bancorp Montana	Pair Corr
0.64	CFG-PE	Citizens Financial	Pair Corr
0.83	EGBN	Eagle Bancorp	Pair Corr
0.86	KEY-PJ	KeyCorp	Pair Corr
0.92	KEY-PK	KeyCorp	Pair Corr
0.88	WABC	Westamerica Bancorporation	Pair Corr
0.78	WAFD	Washington Federal	Pair Corr
0.94	WASH	Washington Trust Bancorp	Pair Corr
0.94	EQBK	Equity Bancshares,	Pair Corr
0.88	WMPN	William Penn Bancorp	Pair Corr

Moving against Regions Stock

0.82	VBFC	Village Bank	Pair Corr
0.48	EBTC	Enterprise Bancorp	Pair Corr
0.47	TECTP	Tectonic Financial	Pair Corr
0.37	DB	Deutsche Bank AG	Pair Corr
0.74	EFSI	Eagle Financial Services	Pair Corr
0.37	WSBCP	WesBanco	Pair Corr

Related Correlations Analysis

	KEY	FITB	NYCB	ZION	HBAN	PNC	CMA	CFG	MTB	WAL
KEY		0.89	0.0	0.91	0.94	0.93	0.87	0.61	0.97	0.77	KEY
FITB	0.89		0.0	0.84	0.86	0.88	0.81	0.55	0.9	0.79	FITB
NYCB	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NYCB
ZION	0.91	0.84	0.0		0.98	0.95	0.81	0.8	0.91	0.85	ZION
HBAN	0.94	0.86	0.0	0.98		0.97	0.83	0.76	0.94	0.82	HBAN
PNC	0.93	0.88	0.0	0.95	0.97		0.83	0.72	0.94	0.79	PNC
CMA	0.87	0.81	0.0	0.81	0.83	0.83		0.76	0.88	0.78	CMA
CFG	0.61	0.55	0.0	0.8	0.76	0.72	0.76		0.66	0.77	CFG
MTB	0.97	0.9	0.0	0.91	0.94	0.94	0.88	0.66		0.79	MTB
WAL	0.77	0.79	0.0	0.85	0.82	0.79	0.78	0.77	0.79		WAL
	KEY	FITB	NYCB	ZION	HBAN	PNC	CMA	CFG	MTB	WAL

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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

HBAN	+ 0.98	ZION
MTB	+ 0.97	KEY
PNC	+ 0.97	HBAN
PNC	+ 0.95	ZION
HBAN	+ 0.94	KEY
MTB	+ 0.94	HBAN

High negative correlations

WAL	- 0.0	NYCB
MTB	- 0.0	NYCB
CFG	- 0.0	NYCB
CMA	- 0.0	NYCB
PNC	- 0.0	NYCB
HBAN	- 0.0	NYCB

Risk-Adjusted Indicators

There is a big difference between Regions Stock performing well and Regions Financial 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 Regions Financial'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
KEY	1.20	(0.18)	(0.20)	2.58	(2.84)	7.47
FITB	0.99	(0.14)	11.84	1.77	(1.67)	7.21
NYCB	0.00	0.00	0.00	0.00	0.00	0.00
ZION	1.25	(0.16)	(0.15)	2.44	(2.77)	7.94
HBAN	0.99	(0.13)	(0.17)	1.78	(2.09)	6.93
PNC	0.94	(0.15)	(0.17)	1.81	(1.98)	5.30
CMA	1.29	(0.07)	(0.06)	3.17	(3.10)	9.01
CFG	1.16	(0.06)	(0.06)	2.20	(2.65)	6.54
MTB	0.99	(0.15)	(0.17)	2.02	(2.37)	7.17
WAL	1.72	(0.05)	(0.04)	3.08	(3.97)	10.27

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