Texas Capital Correlations
| TCBI Stock | USD 61.45 0.87 1.44% |
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 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Texas Capital Bancshares and NYA is 0.53 (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 NYA 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 Stock
| 0.67 | PB | Prosperity Bancshares Financial Report 24th of July 2024 | PairCorr |
Related Correlations Analysis
| 0.8 | -0.79 | 0.78 | 0.2 | -0.45 | NFBK | ||
| 0.8 | -0.87 | 0.7 | 0.0 | -0.42 | FIDS | ||
| -0.79 | -0.87 | -0.68 | -0.03 | 0.38 | MIFF | ||
| 0.78 | 0.7 | -0.68 | 0.12 | -0.48 | CEFC | ||
| 0.2 | 0.0 | -0.03 | 0.12 | 0.09 | APLO | ||
| -0.45 | -0.42 | 0.38 | -0.48 | 0.09 | KPCPY | ||
| 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
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NFBK | 1.98 | (0.51) | 0.00 | (0.24) | 0.00 | 3.32 | 12.36 | |||
| FIDS | 0.56 | (0.18) | 0.00 | (0.27) | 0.00 | 0.10 | 11.36 | |||
| MIFF | 0.12 | 0.05 | 0.00 | (1.29) | 0.00 | 0.00 | 3.97 | |||
| CEFC | 1.01 | (0.17) | 0.00 | (0.72) | 0.00 | 1.81 | 7.15 | |||
| APLO | 0.61 | (0.05) | 0.00 | 0.16 | 0.00 | 2.13 | 13.92 | |||
| KPCPY | 1.85 | 0.16 | 0.05 | 0.40 | 2.40 | 3.72 | 9.65 |
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?
Run Aroon Oscillator Now
Aroon OscillatorAnalyze current equity momentum using Aroon Oscillator and other momentum ratios |
| All Next | Launch Module |
Texas Capital Corporate Management
Elected by the shareholders, the Texas Capital's board of directors comprises two types of representatives: Texas Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Texas. The board's role is to monitor Texas Capital's management team and ensure that shareholders' interests are well served. Texas Capital'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, Texas Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jon Larson | Head Finance | Profile | |
| Ellen Detrich | Principal Accounting Officer | Profile | |
| Shannon Wherry | Senior Communications | Profile | |
| Jocelyn Kukulka | Head Development | Profile | |
| Anna Alvarado | Executive MD | Profile | |
| Shannon Jurecka | Executive Officer | Profile | |
| Donald Goin | Executive Officer | Profile |
Already Invested in Texas Capital Bancshares?
The danger of trading Texas Capital Bancshares is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Texas Capital is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Texas Capital. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Texas Capital Bancshares is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Texas Capital Bancshares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Texas Capital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Texas Capital Bancshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Texas Capital Bancshares Stock: 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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Texas Capital Bancshares information on this page should be used as a complementary analysis to other Texas Capital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Texas Stock analysis
When running Texas Capital's price analysis, check to measure Texas Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Texas Capital is operating at the current time. Most of Texas Capital's value examination focuses on studying past and present price action to predict the probability of Texas Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Texas Capital's price. Additionally, you may evaluate how the addition of Texas Capital to your portfolios can decrease your overall portfolio volatility.
| Stocks Directory Find actively traded stocks across global markets | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Global Correlations Find global opportunities by holding instruments from different markets |
Is Texas Capital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Texas Capital. If investors know Texas will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Texas Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.34) | Earnings Share 3.3 | Revenue Per Share 20.836 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0061 |
The market value of Texas Capital Bancshares is measured differently than its book value, which is the value of Texas that is recorded on the company's balance sheet. Investors also form their own opinion of Texas Capital's value that differs from its market value or its book value, called intrinsic value, which is Texas Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Texas Capital's market value can be influenced by many factors that don't directly affect Texas Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Texas Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Texas Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Texas Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.