Texas Capital Correlations
| TCBIO Preferred Stock | USD 20.27 0.09 0.44% |
The current 90-days correlation between Texas Capital Bancshares and Washington Federal is 0.42 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Texas Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Texas Capital Bancshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Texas Capital Correlation With Market
Modest diversification
The correlation between Texas Capital Bancshares and DJI is 0.27 (i.e., Modest 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.
Texas |
The ability to find closely correlated positions to Texas Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Texas Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Texas Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Texas Capital Bancshares to buy it.
Moving together with Texas Preferred Stock
| 0.68 | NU | Nu Holdings | PairCorr |
| 0.75 | WF | Woori Financial Group | PairCorr |
| 0.64 | TECTP | Tectonic Financial | PairCorr |
| 0.79 | TFC-PI | Truist Financial | PairCorr |
| 0.91 | TFC-PO | Truist Financial | PairCorr |
| 0.86 | TFC-PR | Truist Financial | PairCorr |
| 0.75 | EBTC | Enterprise Bancorp | PairCorr |
| 0.76 | CFG-PE | Citizens Financial | PairCorr |
| 0.79 | CFG-PH | Citizens Financial Group, | PairCorr |
| 0.71 | EFSC | Enterprise Financial | PairCorr |
| 0.68 | KEY-PI | KeyCorp | PairCorr |
| 0.71 | KEY-PJ | KeyCorp | PairCorr |
| 0.69 | KEY-PK | KeyCorp | PairCorr |
| 0.74 | KEY-PL | KeyCorp | PairCorr |
| 0.86 | BANC-PF | Banc of California | PairCorr |
| 0.75 | ESSA | ESSA Bancorp | PairCorr |
| 0.8 | WSBCP | WesBanco | PairCorr |
Moving against Texas Preferred Stock
| 0.62 | WAFD | Washington Federal | PairCorr |
| 0.5 | WAFDP | Washington Federal | PairCorr |
| 0.47 | EFSI | Eagle Financial Services | PairCorr |
| 0.31 | WABC | Westamerica Bancorporation | PairCorr |
Related Correlations Analysis
| -0.1 | -0.13 | -0.6 | 0.0 | WAFDP | ||
| -0.1 | -0.04 | 0.38 | 0.0 | FCNCP | ||
| -0.13 | -0.04 | 0.22 | 0.0 | DCOMP | ||
| -0.6 | 0.38 | 0.22 | 0.0 | PNFPP | ||
| 0.0 | 0.0 | 0.0 | 0.0 | UCBIO | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Texas Preferred 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WAFDP | 0.73 | (0.09) | 0.00 | (0.49) | 0.00 | 1.89 | 4.49 | |||
| FCNCP | 0.95 | (0.01) | 0.00 | (0.05) | 0.00 | 3.06 | 6.41 | |||
| DCOMP | 0.73 | 0.06 | 0.05 | 0.28 | 1.08 | 1.50 | 9.93 | |||
| PNFPP | 0.54 | 0.03 | 0.04 | 0.28 | 0.62 | 1.22 | 3.81 | |||
| UCBIO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Texas Capital without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Texas Capital Corporate Management
| Matthew Scurlock | Ex CFO | Profile | |
| Ellen Detrich | Controller Officer | Profile | |
| Shannon Wherry | VP Communications | Profile | |
| Anna Alvarado | Chief VP | Profile | |
| Jocelyn Kukulka | Head Devel | Profile | |
| Daniel Hoverman | Ex Banking | Profile | |
| Donald Goin | Ex Officer | Profile |