Texas Capital Correlations

TCBI Stock

USD 76.85 0.80 1.03%

The current 90-days correlation between Texas Capital Bancshares and Heartland Financial USA is -0.03 (i.e., Good diversification). The correlation of Texas Capital 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.

Texas Capital Correlation With Market

Very weak diversification

The correlation between Texas Capital Bancshares and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Texas Capital 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 Texas Capital 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.

Moving together with Texas Stock

0.73	AX	Axos Financial	Pair Corr
0.86	BY	Byline Bancorp	Pair Corr
0.67	NU	Nu Holdings	Pair Corr
0.82	PB	Prosperity Bancshares	Pair Corr
0.74	RF	Regions Financial Normal Trading	Pair Corr
0.69	VBNK	VersaBank	Pair Corr
0.76	VBTX	Veritex Holdings	Pair Corr
0.82	EBTC	Enterprise Bancorp	Pair Corr
0.82	EFSC	Enterprise Financial	Pair Corr
0.64	EGBN	Eagle Bancorp	Pair Corr
0.87	WASH	Washington Trust Bancorp	Pair Corr
0.89	EQBK	Equity Bancshares,	Pair Corr
0.75	ESSA	ESSA Bancorp	Pair Corr
0.82	EVBN	Evans Bancorp	Pair Corr
0.8	WMPN	William Penn Bancorp	Pair Corr

Moving against Texas Stock

0.52	VBFC	Village Bank	Pair Corr
0.37	DB	Deutsche Bank AG	Pair Corr

Related Correlations Analysis

	HTLF	HTBK	BFST	GABC	CBSH	BOKF	UBSI	PB	BANF
HTLF		-0.41	-0.15	-0.37	0.04	-0.11	0.01	0.06	-0.18	HTLF
HTBK	-0.41		0.64	0.35	0.41	0.14	-0.08	0.2	0.24	HTBK
BFST	-0.15	0.64		0.76	0.89	0.7	0.65	0.8	0.78	BFST
GABC	-0.37	0.35	0.76		0.69	0.65	0.7	0.66	0.74	GABC
CBSH	0.04	0.41	0.89	0.69		0.83	0.77	0.93	0.84	CBSH
BOKF	-0.11	0.14	0.7	0.65	0.83		0.9	0.9	0.94	BOKF
UBSI	0.01	-0.08	0.65	0.7	0.77	0.9		0.85	0.89	UBSI
PB	0.06	0.2	0.8	0.66	0.93	0.9	0.85		0.9	PB
BANF	-0.18	0.24	0.78	0.74	0.84	0.94	0.89	0.9		BANF
	HTLF	HTBK	BFST	GABC	CBSH	BOKF	UBSI	PB	BANF

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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

BANF	+ 0.94	BOKF
PB	+ 0.93	CBSH
UBSI	+ 0.9	BOKF
PB	+ 0.9	BOKF
BANF	+ 0.9	PB
CBSH	+ 0.89	BFST

High negative correlations

HTBK	- 0.41	HTLF
GABC	- 0.37	HTLF
BANF	- 0.18	HTLF
BFST	- 0.15	HTLF
BOKF	- 0.11	HTLF
UBSI	- 0.08	HTBK

Risk-Adjusted Indicators

There is a big difference between Texas Stock performing well and Texas Capital 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 Texas Capital'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
HTLF	1.58	0.24	0.14	(0.79)	1.51	(1.98)	3.53	(2.52)	19.68
HTBK	1.11	(0.05)	0.00	(0.05)	0.00	0.00	2.22	(2.81)	7.95
BFST	1.39	(0.10)	0.00	(0.08)	0.00	0.00	3.31	(3.27)	12.77
GABC	1.07	(0.21)	0.00	(0.27)	0.00	0.00	2.41	(2.42)	6.95
CBSH	1.09	(0.09)	0.00	(0.08)	0.00	0.00	2.27	(2.19)	5.97
BOKF	1.19	(0.13)	0.00	(0.11)	0.00	0.00	2.54	(3.21)	6.40
UBSI	1.15	(0.18)	0.00	(0.17)	0.00	0.00	2.31	(2.96)	7.17
PB	1.00	(0.12)	0.00	(0.12)	0.00	0.00	2.30	(1.83)	6.52
BANF	1.23	(0.15)	0.00	(0.12)	0.00	0.00	2.24	(2.94)	7.37

Texas Capital Corporate Management

David Oman	Chief Officer	Profile
Brett Fenn	MD Banking	Profile
Ellen Detrich	Principal Accounting Officer	Profile
Jocelyn Kukulka	Head Development	Profile
Amos McDonald	Head Banking	Profile
Steven Genyk	MD Finance	Profile
Donald Goin	Executive Officer	Profile

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