ST Bancorp Correlations

STBA Stock

USD 38.01 0.15 0.40%

The current 90-days correlation between ST Bancorp and CrossFirst Bankshares is 0.06 (i.e., Significant diversification). The correlation of ST Bancorp 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.

ST Bancorp Correlation With Market

Very weak diversification

The correlation between ST Bancorp and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ST Bancorp 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 ST Bancorp. 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 information on how to trade STBA Stock refer to our How to Trade STBA Stock guide.

Moving together with STBA Stock

0.74	BY	Byline Bancorp	Pair Corr
0.7	VABK	Virginia National	Pair Corr
0.67	VBTX	Veritex Holdings	Pair Corr
0.71	TFC-PI	Truist Financial	Pair Corr
0.74	EBTC	Enterprise Bancorp	Pair Corr
0.71	EFSC	Enterprise Financial	Pair Corr
0.61	KEY-PK	KeyCorp	Pair Corr
0.7	WASH	Washington Trust Bancorp	Pair Corr
0.69	EQBK	Equity Bancshares,	Pair Corr
0.88	WNEB	Western New England	Pair Corr

Moving against STBA Stock

0.5	EFSI	Eagle Financial Services	Pair Corr
0.45	VBFC	Village Bank	Pair Corr

Related Correlations Analysis

	CFB	EFSC	FBMS	FBP	HBCP	HFWA	FNWB	HTBI	LSBK
CFB		-0.22	-0.4	-0.48	-0.23	-0.01	-0.31	0.77	-0.2	CFB
EFSC	-0.22		0.93	0.87	0.93	0.74	0.79	-0.54	0.36	EFSC
FBMS	-0.4	0.93		0.93	0.94	0.75	0.74	-0.73	0.24	FBMS
FBP	-0.48	0.87	0.93		0.89	0.76	0.73	-0.75	0.11	FBP
HBCP	-0.23	0.93	0.94	0.89		0.8	0.69	-0.63	0.21	HBCP
HFWA	-0.01	0.74	0.75	0.76	0.8		0.46	-0.42	-0.05	HFWA
FNWB	-0.31	0.79	0.74	0.73	0.69	0.46		-0.51	0.4	FNWB
HTBI	0.77	-0.54	-0.73	-0.75	-0.63	-0.42	-0.51		-0.03	HTBI
LSBK	-0.2	0.36	0.24	0.11	0.21	-0.05	0.4	-0.03		LSBK
	CFB	EFSC	FBMS	FBP	HBCP	HFWA	FNWB	HTBI	LSBK

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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

HBCP	+ 0.94	FBMS
FBMS	+ 0.93	EFSC
HBCP	+ 0.93	EFSC
FBP	+ 0.93	FBMS
HBCP	+ 0.89	FBP
FBP	+ 0.87	EFSC

High negative correlations

HTBI	- 0.75	FBP
HTBI	- 0.73	FBMS
HTBI	- 0.63	HBCP
HTBI	- 0.54	EFSC
HTBI	- 0.51	FNWB
FBP	- 0.48	CFB

Risk-Adjusted Indicators

There is a big difference between STBA Stock performing well and ST Bancorp 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 ST Bancorp'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
CFB	1.41	(0.12)	0.00	(0.82)	0.00	0.00	2.78	(2.78)	8.40
EFSC	1.26	0.03	0.00	(0.06)	0.00	0.00	3.01	(2.82)	7.94
FBMS	1.35	0.04	0.00	(0.06)	0.00	0.00	2.88	(3.15)	8.28
FBP	1.30	0.00	0.00	(0.10)	0.00	0.00	2.50	(3.17)	11.01
HBCP	1.34	(0.01)	0.00	(0.10)	0.00	0.00	2.82	(3.06)	8.36
HFWA	1.20	(0.05)	0.00	(0.16)	0.00	0.00	2.33	(3.27)	8.15
FNWB	1.15	0.01	0.00	(0.09)	0.00	0.00	2.68	(2.76)	9.99
HTBI	1.24	(0.05)	0.00	0.12	0.00	0.00	2.33	(1.88)	7.22
LSBK	1.62	0.36	0.17	0.61	1.58	(2.36)	3.62	(3.16)	21.68

ST Bancorp Corporate Management

Richard Fiscus	Executive VP, Retail Banking Division Manager and Market Executive	Profile
Deidre Wilson	Senior Officer	Profile
Krista Martini	Vice Marketing	Profile
Christopher McComish	CEO Director	Profile

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