Stellar Bancorp, Correlations

STEL Stock

USD 27.08 0.32 1.17%

The current 90-days correlation between Stellar Bancorp, and Coastal Financial Corp is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stellar Bancorp, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stellar Bancorp, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stellar Bancorp, Correlation With Market

Good diversification

The correlation between Stellar Bancorp, and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stellar 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 Stellar 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 income.

For more information on how to buy Stellar Stock please use our How to buy in Stellar Stock guide.

Moving together with Stellar Stock

0.68	AX	Axos Financial	Pair Corr
0.84	BY	Byline Bancorp	Pair Corr
0.71	VABK	Virginia National	Pair Corr
0.78	VBTX	Veritex Holdings	Pair Corr
0.67	EBTC	Enterprise Bancorp	Pair Corr
0.75	EFSC	Enterprise Financial	Pair Corr
0.7	EGBN	Eagle Bancorp	Pair Corr
0.69	WABC	Westamerica Bancorporation	Pair Corr
0.64	WASH	Washington Trust Bancorp	Pair Corr
0.78	EQBK	Equity Bancshares,	Pair Corr
0.61	TFINP	Triumph Financial	Pair Corr
0.74	EVBN	Evans Bancorp	Pair Corr
0.75	WMPN	William Penn Bancorp	Pair Corr
0.78	WNEB	Western New England	Pair Corr

Moving against Stellar Stock

0.63	VBFC	Village Bank	Pair Corr
0.34	DB	Deutsche Bank AG	Pair Corr

Related Correlations Analysis

	LNKB	CCB	FNWD	CFB	CNOB	BWFG	BY	FRAF	MRBK	TCBC
LNKB		0.23	0.16	0.47	0.4	0.68	0.74	-0.09	0.21	0.0	LNKB
CCB	0.23		-0.59	-0.25	0.52	0.39	0.22	0.58	0.53	0.0	CCB
FNWD	0.16	-0.59		0.71	-0.24	0.06	-0.04	-0.34	-0.57	0.0	FNWD
CFB	0.47	-0.25	0.71		-0.13	0.12	0.02	-0.24	-0.55	0.0	CFB
CNOB	0.4	0.52	-0.24	-0.13		0.68	0.6	0.68	0.82	0.0	CNOB
BWFG	0.68	0.39	0.06	0.12	0.68		0.83	0.3	0.56	0.0	BWFG
BY	0.74	0.22	-0.04	0.02	0.6	0.83		-0.02	0.62	0.0	BY
FRAF	-0.09	0.58	-0.34	-0.24	0.68	0.3	-0.02		0.57	0.0	FRAF
MRBK	0.21	0.53	-0.57	-0.55	0.82	0.56	0.62	0.57		0.0	MRBK
TCBC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		TCBC
	LNKB	CCB	FNWD	CFB	CNOB	BWFG	BY	FRAF	MRBK	TCBC

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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

BY	+ 0.83	BWFG
MRBK	+ 0.82	CNOB
BY	+ 0.74	LNKB
CFB	+ 0.71	FNWD
BWFG	+ 0.68	LNKB
BWFG	+ 0.68	CNOB

High negative correlations

FNWD	- 0.59	CCB
MRBK	- 0.57	FNWD
MRBK	- 0.55	CFB
FRAF	- 0.34	FNWD
CFB	- 0.25	CCB
FRAF	- 0.24	CFB

Risk-Adjusted Indicators

There is a big difference between Stellar Stock performing well and Stellar 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 Stellar 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
LNKB	1.44	(0.10)	0.00	(0.18)	0.00	0.00	3.17	(2.96)	8.31
CCB	1.85	0.16	0.07	0.13	2.55	(1.85)	3.55	(4.73)	12.76
FNWD	1.06	(0.08)	0.00	(0.45)	0.00	0.00	2.12	(1.97)	8.51
CFB	1.41	(0.14)	0.00	0.90	0.00	0.00	2.78	(2.78)	8.40
CNOB	1.58	(0.15)	0.00	0.61	0.00	0.00	3.12	(3.37)	9.41
BWFG	1.49	(0.02)	0.00	(0.09)	0.00	0.00	3.42	(2.91)	8.46
BY	1.13	(0.16)	0.00	(0.25)	0.00	0.00	2.17	(2.09)	5.90
FRAF	1.08	0.18	0.20	0.47	0.94	(1.34)	4.20	(1.64)	8.27
MRBK	1.21	(0.12)	0.00	(0.57)	0.00	0.00	2.91	(3.13)	10.13
TCBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Stellar Bancorp, Corporate Management

Justin Esq	General EVP	Profile
Robert Franklin	CEO Director	Profile
Courtney CPA	Executive Officer	Profile
Paul Egge	Chief Officer	Profile
Okan Akin	Chief Officer	Profile
Ramon III	President	Profile

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