UMB Financial Correlations

UMBF Stock

USD 108.86 1.87 1.75%

The current 90-days correlation between UMB Financial and BOK Financial is 0.77 (i.e., Poor diversification). The correlation of UMB 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.

UMB Financial Correlation With Market

Very weak diversification

The correlation between UMB Financial and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UMB Financial 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 UMB Financial. 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 more detail on how to invest in UMB Stock please use our How to Invest in UMB Financial guide.

Moving together with UMB Stock

0.85	AX	Axos Financial	Pair Corr
0.72	BY	Byline Bancorp	Pair Corr
0.73	KB	KB Financial Group	Pair Corr
0.83	PB	Prosperity Bancshares	Pair Corr
0.86	RF	Regions Financial	Pair Corr
0.72	VABK	Virginia National	Pair Corr
0.75	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.8	VBTX	Veritex Holdings	Pair Corr
0.66	TFC-PI	Truist Financial	Pair Corr
0.82	EGBN	Eagle Bancorp	Pair Corr
0.61	KEY-PJ	KeyCorp	Pair Corr
0.73	KEY-PK	KeyCorp	Pair Corr
0.85	WABC	Westamerica Bancorporation	Pair Corr
0.68	WAFD	Washington Federal	Pair Corr
0.81	WASH	Washington Trust Bancorp	Pair Corr
0.83	EQBK	Equity Bancshares,	Pair Corr
0.62	WAFDP	Washington Federal	Pair Corr
0.78	WMPN	William Penn Bancorp	Pair Corr

Moving against UMB Stock

0.78	VBFC	Village Bank	Pair Corr
0.54	TECTP	Tectonic Financial	Pair Corr
0.36	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.32	EBTC	Enterprise Bancorp	Pair Corr
0.4	WSBCP	WesBanco	Pair Corr
0.33	EFSI	Eagle Financial Services	Pair Corr

Related Correlations Analysis

	BOKF	CBU	FFIN	EQBK	BANF	CBSH	BFST	TCBIO	IBTX	SASR
BOKF		0.87	0.94	0.95	0.93	0.87	0.79	0.21	0.0	0.94	BOKF
CBU	0.87		0.92	0.93	0.88	0.98	0.93	0.51	0.0	0.86	CBU
FFIN	0.94	0.92		0.98	0.89	0.91	0.86	0.28	0.0	0.94	FFIN
EQBK	0.95	0.93	0.98		0.92	0.92	0.88	0.3	0.0	0.96	EQBK
BANF	0.93	0.88	0.89	0.92		0.86	0.84	0.22	0.0	0.92	BANF
CBSH	0.87	0.98	0.91	0.92	0.86		0.92	0.55	0.0	0.84	CBSH
BFST	0.79	0.93	0.86	0.88	0.84	0.92		0.56	0.0	0.8	BFST
TCBIO	0.21	0.51	0.28	0.3	0.22	0.55	0.56		0.0	0.11	TCBIO
IBTX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	IBTX
SASR	0.94	0.86	0.94	0.96	0.92	0.84	0.8	0.11	0.0		SASR
	BOKF	CBU	FFIN	EQBK	BANF	CBSH	BFST	TCBIO	IBTX	SASR

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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

CBSH	+ 0.98	CBU
EQBK	+ 0.98	FFIN
SASR	+ 0.96	EQBK
EQBK	+ 0.95	BOKF
FFIN	+ 0.94	BOKF
SASR	+ 0.94	BOKF

High negative correlations

SASR	- 0.0	IBTX
IBTX	- 0.0	TCBIO
IBTX	- 0.0	BFST
IBTX	- 0.0	CBSH
IBTX	- 0.0	BANF
IBTX	- 0.0	EQBK

Risk-Adjusted Indicators

There is a big difference between UMB Stock performing well and UMB 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 UMB 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
BOKF	1.07	(0.11)	0.00	(0.12)	0.00	0.00	1.82	(2.19)	6.73
CBU	1.27	(0.11)	0.00	(0.09)	0.00	0.00	2.83	(2.99)	9.00
FFIN	1.32	(0.15)	0.00	(0.15)	0.00	0.00	3.22	(2.14)	9.53
EQBK	1.15	(0.15)	0.00	(0.14)	0.00	0.00	2.26	(2.65)	7.44
BANF	1.23	(0.05)	0.00	(0.04)	0.00	0.00	2.14	(2.68)	7.78
CBSH	0.94	(0.10)	0.00	(0.12)	0.00	0.00	1.68	(1.62)	6.88
BFST	1.37	(0.09)	0.00	(0.08)	0.00	0.00	2.00	(2.82)	11.91
TCBIO	0.83	0.05	0.05	0.31	0.94	(0.90)	1.92	(1.85)	4.94
IBTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SASR	1.37	(0.23)	0.00	(0.18)	0.00	0.00	2.35	(3.04)	10.75

UMB Financial Corporate Management

David Odgers	Chief VP	Profile
Uma Wilson	Chief VP	Profile
Heather Miller	Marketing Sales	Profile
Stacy King	Executive Officer	Profile

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