Burke Herbert Correlations

BHRB Stock

USD 69.28 0.36 0.52%

The current 90-days correlation between Burke Herbert Financial and Private Bancorp of is -0.3 (i.e., Very good diversification). The correlation of Burke Herbert 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.

Burke Herbert Correlation With Market

Poor diversification

The correlation between Burke Herbert Financial and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Burke Herbert Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Burke Herbert 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 metropolitan statistical area.

Moving together with Burke Stock

0.89	AX	Axos Financial	Pair Corr
0.9	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.86	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.75	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.66	VBNK	VersaBank Normal Trading	Pair Corr
0.73	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.75	EBTC	Enterprise Bancorp	Pair Corr
0.88	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.69	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.91	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.79	WAFD	Washington Federal	Pair Corr
0.8	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.8	BANC-PF	Banc of California	Pair Corr
0.72	WCFB	WCF Bancorp	Pair Corr
0.8	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.63	ESSA	ESSA Bancorp	Pair Corr
0.63	EVBN	Evans Bancorp	Pair Corr

Moving against Burke Stock

0.58	CFG-PE	Citizens Financial	Pair Corr
0.46	TFC-PR	Truist Financial	Pair Corr
0.41	DB	Deutsche Bank AG	Pair Corr
0.4	TFC-PO	Truist Financial	Pair Corr
0.67	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	PBAM	FISB	AVBH	AMBZ	BHWB	CULL	HFBL	HMNF	MGYR	NWYF
PBAM		0.63	0.78	0.86	0.57	-0.41	0.1	0.56	0.53	0.48	PBAM
FISB	0.63		0.6	0.7	0.2	-0.51	0.01	0.42	0.52	-0.02	FISB
AVBH	0.78	0.6		0.92	0.63	-0.42	0.06	0.61	0.79	0.72	AVBH
AMBZ	0.86	0.7	0.92		0.65	-0.48	0.2	0.6	0.78	0.59	AMBZ
BHWB	0.57	0.2	0.63	0.65		-0.6	0.01	0.56	0.78	0.61	BHWB
CULL	-0.41	-0.51	-0.42	-0.48	-0.6		0.09	-0.5	-0.61	-0.17	CULL
HFBL	0.1	0.01	0.06	0.2	0.01	0.09		-0.16	0.1	0.14	HFBL
HMNF	0.56	0.42	0.61	0.6	0.56	-0.5	-0.16		0.59	0.42	HMNF
MGYR	0.53	0.52	0.79	0.78	0.78	-0.61	0.1	0.59		0.54	MGYR
NWYF	0.48	-0.02	0.72	0.59	0.61	-0.17	0.14	0.42	0.54		NWYF
	PBAM	FISB	AVBH	AMBZ	BHWB	CULL	HFBL	HMNF	MGYR	NWYF

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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

AMBZ	+ 0.92	AVBH
AMBZ	+ 0.86	PBAM
MGYR	+ 0.79	AVBH
AVBH	+ 0.78	PBAM
MGYR	+ 0.78	AMBZ
MGYR	+ 0.78	BHWB

High negative correlations

MGYR	- 0.61	CULL
CULL	- 0.6	BHWB
CULL	- 0.51	FISB
HMNF	- 0.5	CULL
CULL	- 0.48	AMBZ
CULL	- 0.42	AVBH

Risk-Adjusted Indicators

There is a big difference between Burke Stock performing well and Burke Herbert 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 Burke Herbert'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
PBAM	0.87	0.26	0.08	(0.99)	0.70	(1.48)	2.37	(1.15)	7.65
FISB	0.58	0.22	0.05	(3.93)	0.43	(1.16)	1.78	(0.61)	8.81
AVBH	0.39	0.16	0.11	1.25	0.00	(0.79)	1.29	(0.51)	2.60
AMBZ	0.66	0.26	0.20	0.82	0.00	(0.88)	1.88	(1.03)	4.78
BHWB	0.96	0.18	0.05	0.52	1.20	(1.56)	3.14	(1.36)	9.00
CULL	0.51	(0.10)	0.00	0.74	0.00	0.00	1.18	(1.64)	4.73
HFBL	1.56	(0.15)	0.00	(0.40)	0.00	0.00	3.75	(4.31)	17.43
HMNF	1.88	0.37	0.11	2.26	1.85	(2.37)	4.29	(3.19)	13.15
MGYR	0.71	0.20	0.11	1.49	0.43	(0.89)	1.90	(1.22)	3.88
NWYF	1.82	0.15	(0.01)	(0.19)	2.03	(3.86)	5.50	(4.94)	13.65

Burke Herbert Corporate Management

CPA CPA	CEO Pres	Profile
Jeffrey Welch	Executive Officer	Profile
Joseph Hager	Executive Officer	Profile
Julie Markwood	Senior Officer	Profile
Jennifer Schmidt	Principal Officer	Profile
Emily Debeniotis	Executive Resources	Profile

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