Valley National Correlations
| VLY Stock | USD 8.84 0.04 0.45% |
The current 90-days correlation between Valley National Bancorp and Fulton Financial is 0.85 (i.e., Very poor diversification). The correlation of Valley National 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.
Valley National Correlation With Market
Very weak diversification
The correlation between Valley National Bancorp and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valley National Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Valley |
Moving together with Valley Stock
| 0.64 | AX | Axos Financial | PairCorr |
| 0.81 | BY | Byline Bancorp | PairCorr |
| 0.78 | NU | Nu Holdings Aggressive Push | PairCorr |
| 0.93 | PB | Prosperity Bancshares | PairCorr |
| 0.8 | RF | Regions Financial | PairCorr |
| 0.63 | VBNK | VersaBank | PairCorr |
| 0.64 | VBTX | Veritex Holdings | PairCorr |
| 0.67 | TFC-PI | Truist Financial | PairCorr |
| 0.8 | EBTC | Enterprise Bancorp Normal Trading | PairCorr |
| 0.7 | CFG-PE | Citizens Financial | PairCorr |
| 0.61 | CFG-PH | Citizens Financial Group, | PairCorr |
| 0.87 | EFSC | Enterprise Financial | PairCorr |
| 0.64 | EGBN | Eagle Bancorp | PairCorr |
| 0.89 | WASH | Washington Trust Bancorp | PairCorr |
| 0.86 | EQBK | Equity Bancshares, | PairCorr |
| 0.78 | ESSA | ESSA Bancorp | PairCorr |
| 0.69 | TFINP | Triumph Financial | PairCorr |
| 0.72 | EVBN | Evans Bancorp | PairCorr |
| 0.83 | EWBC | East West Bancorp | PairCorr |
| 0.88 | WMPN | William Penn Bancorp | PairCorr |
Moving against Valley Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Valley Stock performing well and Valley National 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 Valley National'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FULT | 1.37 | (0.09) | 0.00 | (0.18) | 0.00 | 2.84 | 8.60 | |||
| WBS | 1.45 | (0.10) | 0.00 | (0.18) | 0.00 | 2.96 | 9.98 | |||
| UBSI | 1.13 | (0.14) | 0.00 | (0.25) | 0.00 | 1.79 | 7.17 | |||
| FNB | 1.36 | (0.16) | 0.00 | (0.23) | 0.00 | 2.00 | 8.90 | |||
| TRMK | 1.35 | (0.04) | 0.00 | (0.14) | 0.00 | 2.37 | 8.32 |
Valley National Corporate Executives
Elected by the shareholders, the Valley National's board of directors comprises two types of representatives: Valley National inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Valley. The board's role is to monitor Valley National's management team and ensure that shareholders' interests are well served. Valley National's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Valley National's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Russell Barrett | Senior COO | Profile |