ServisFirst Bancshares Correlations

SFBS Stock

USD 84.41 2.63 3.22%

The correlation of ServisFirst Bancshares 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.

ServisFirst Bancshares Correlation With Market

Very weak diversification

The correlation between ServisFirst Bancshares and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ServisFirst Bancshares and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ServisFirst Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy ServisFirst Stock please use our How to Invest in ServisFirst Bancshares guide.

Moving together with ServisFirst Stock

0.64	AX	Axos Financial	Pair Corr
0.83	BY	Byline Bancorp	Pair Corr
0.89	PB	Prosperity Bancshares	Pair Corr
0.78	RF	Regions Financial	Pair Corr
0.64	VBNK	VersaBank	Pair Corr
0.7	VBTX	Veritex Holdings	Pair Corr
0.63	TFC-PI	Truist Financial	Pair Corr
0.9	EBTC	Enterprise Bancorp	Pair Corr
0.85	EFSC	Enterprise Financial	Pair Corr
0.63	EGBN	Eagle Bancorp	Pair Corr
0.85	WASH	Washington Trust Bancorp	Pair Corr
0.89	EQBK	Equity Bancshares,	Pair Corr
0.82	ESSA	ESSA Bancorp	Pair Corr
0.76	EVBN	Evans Bancorp	Pair Corr
0.86	WMPN	William Penn Bancorp	Pair Corr
0.62	WNEB	Western New England	Pair Corr

Moving against ServisFirst Stock

0.54	VBFC	Village Bank	Pair Corr
0.33	ECBK	ECB Bancorp	Pair Corr

Related Correlations Analysis

	UCBI	HOMB	LBC	CCNE	SSB	WSFS	FBNC	SMBK	NKSH
UCBI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	UCBI
HOMB	0.0		0.0	0.6	0.71	0.87	0.49	0.92	0.44	HOMB
LBC	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	LBC
CCNE	0.0	0.6	0.0		0.93	0.75	0.72	0.64	0.71	CCNE
SSB	0.0	0.71	0.0	0.93		0.83	0.77	0.7	0.75	SSB
WSFS	0.0	0.87	0.0	0.75	0.83		0.73	0.81	0.53	WSFS
FBNC	0.0	0.49	0.0	0.72	0.77	0.73		0.36	0.81	FBNC
SMBK	0.0	0.92	0.0	0.64	0.7	0.81	0.36		0.38	SMBK
NKSH	0.0	0.44	0.0	0.71	0.75	0.53	0.81	0.38		NKSH
	UCBI	HOMB	LBC	CCNE	SSB	WSFS	FBNC	SMBK	NKSH

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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

SSB	+ 0.93	CCNE
SMBK	+ 0.92	HOMB
WSFS	+ 0.87	HOMB
WSFS	+ 0.83	SSB
SMBK	+ 0.81	WSFS
NKSH	+ 0.81	FBNC

High negative correlations

NKSH	- 0.0	LBC
SMBK	- 0.0	LBC
FBNC	- 0.0	LBC
WSFS	- 0.0	LBC
SSB	- 0.0	LBC
CCNE	- 0.0	LBC

Risk-Adjusted Indicators

There is a big difference between ServisFirst Stock performing well and ServisFirst Bancshares 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 ServisFirst Bancshares' 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
UCBI	0.00	0.00	0.00	0.00	0.00	0.00
HOMB	1.14	(0.04)	(0.08)	2.36	(2.29)	6.74
LBC	0.00	0.00	0.00	0.00	0.00	0.00
CCNE	1.15	(0.30)	7.68	1.83	(2.79)	6.34
SSB	1.36	(0.23)	2.60	2.45	(3.11)	8.91
WSFS	1.44	(0.07)	(0.09)	2.73	(3.66)	7.10
FBNC	1.30	(0.16)	(0.19)	2.44	(3.67)	8.65
SMBK	1.34	(0.03)	(0.07)	2.56	(2.68)	12.01
NKSH	1.51	(0.19)	4.53	3.81	(3.03)	10.80

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