Tectonic Financial Correlations
| TECTP Preferred Stock | USD 10.60 0.17 1.63% |
The correlation of Tectonic Financial 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.
Tectonic Financial Correlation With Market
Good diversification
The correlation between Tectonic Financial PR and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tectonic Financial PR and DJI in the same portfolio, assuming nothing else is changed.
Tectonic |
The ability to find closely correlated positions to Tectonic Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tectonic Financial 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 Tectonic Financial - 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 Tectonic Financial PR to buy it.
Moving together with Tectonic Preferred Stock
| 0.69 | WF | Woori Financial Group | PairCorr |
| 0.68 | VBFC | Village Bank | PairCorr |
| 0.65 | TFC-PO | Truist Financial | PairCorr |
| 0.7 | EBMT | Eagle Bancorp Montana | PairCorr |
| 0.62 | CFG-PH | Citizens Financial Group, | PairCorr |
| 0.71 | KEY-PI | KeyCorp | PairCorr |
| 0.69 | KEY-PJ | KeyCorp | PairCorr |
| 0.75 | KEY-PL | KeyCorp | PairCorr |
| 0.79 | BANC-PF | Banc of California | PairCorr |
| 0.78 | WSBCP | WesBanco | PairCorr |
Moving against Tectonic Preferred Stock
| 0.73 | EFSI | Eagle Financial Services | PairCorr |
| 0.67 | AX | Axos Financial | PairCorr |
| 0.65 | VBNK | VersaBank | PairCorr |
| 0.58 | VBTX | Veritex Holdings | PairCorr |
| 0.53 | RF | Regions Financial Normal Trading | PairCorr |
| 0.52 | KB | KB Financial Group | PairCorr |
| 0.45 | VABK | Virginia National | PairCorr |
| 0.4 | BY | Byline Bancorp | PairCorr |
| 0.31 | PB | Prosperity Bancshares | PairCorr |
| 0.8 | WAFD | Washington Federal | PairCorr |
| 0.72 | WAFDP | Washington Federal | PairCorr |
| 0.71 | EGBN | Eagle Bancorp | PairCorr |
| 0.5 | EVBN | Evans Bancorp | PairCorr |
| 0.46 | EWBC | East West Bancorp | PairCorr |
| 0.43 | TFINP | Triumph Financial | PairCorr |
| 0.42 | WABC | Westamerica Bancorporation | PairCorr |
| 0.4 | WMPN | William Penn Bancorp | PairCorr |
| 0.34 | EQBK | Equity Bancshares, | PairCorr |
Related Correlations Analysis
| 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 Tectonic Preferred Stock performing well and Tectonic Financial 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 Tectonic Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FGBIP | 1.16 | (0.07) | 0.00 | (0.53) | 0.00 | 3.13 | 14.42 | |||
| FRMEP | 0.46 | 0.01 | 0.01 | (2.76) | 0.60 | 1.38 | 6.54 | |||
| ASB-PE | 0.72 | 0.00 | 0.00 | (0.01) | 0.92 | 1.73 | 5.93 | |||
| BWBBP | 0.64 | 0.01 | 0.01 | 0.19 | 0.72 | 1.84 | 5.04 | |||
| ASB-PF | 0.66 | (0.04) | 0.00 | (0.18) | 0.00 | 1.40 | 4.73 | |||
| AOZOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AGRPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AIBRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AOZOY | 0.48 | (0.22) | 0.00 | (4.38) | 0.00 | 0.00 | 10.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tectonic Financial 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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Tectonic Financial Corporate Management
| CPA CPA | CEO Director | Profile | |
| Ken Bramlage | Ex CFO | Profile | |
| Scott Umbaugh | Pres Division | Profile | |
| Patrick Howard | COO Pres | Profile | |
| Steven Jones | Plano Pres | Profile | |
| George Ball | Ex CoChairman | Profile | |
| Thad Hutcheson | Ex Officer | Profile |