HFB Financial Correlations
| HFBA Stock | USD 32.25 0.00 0.00% |
The current 90-days correlation between HFB Financial Corp and HCB Financial Corp is -0.02 (i.e., Good diversification). The correlation of HFB 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.
HFB Financial Correlation With Market
Poor diversification
The correlation between HFB Financial Corp and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HFB Financial Corp and DJI in the same portfolio, assuming nothing else is changed.
HFB |
The ability to find closely correlated positions to HFB 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 HFB 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 HFB 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 HFB Financial Corp to buy it.
Moving together with HFB Pink Sheet
| 0.64 | GL-PD | Globe Life 425 | PairCorr |
| 0.66 | SBKO | Summit Bank Group | PairCorr |
| 0.83 | CCL | Carnival Aggressive Push | PairCorr |
| 0.81 | ADEA | ADEIA P Tech Boost | PairCorr |
| 0.63 | MFGCF | Mayfair Gold Corp | PairCorr |
| 0.61 | INGR | Ingredion Incorporated | PairCorr |
| 0.61 | BCO | Brinks Company | PairCorr |
| 0.61 | NTRSO | Northern Trust | PairCorr |
| 0.64 | MEEEF | Metal Energy Corp | PairCorr |
Moving against HFB Pink Sheet
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between HFB Pink Sheet performing well and HFB 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 HFB 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HCBN | 0.45 | 0.10 | 0.00 | 0.71 | 0.00 | 1.28 | 10.07 | |||
| OSBK | 0.25 | 0.09 | 0.00 | 0.43 | 0.00 | 0.61 | 4.37 | |||
| ANDC | 0.86 | 0.06 | (0.03) | (0.25) | 1.05 | 4.30 | 8.35 | |||
| WDFN | 0.89 | 0.00 | 0.07 | 0.00 | 0.82 | 2.26 | 9.03 | |||
| EXCH | 0.50 | 0.23 | 0.00 | 3.65 | 0.00 | 0.00 | 17.10 | |||
| WSSH | 0.36 | 0.11 | 0.00 | (1.86) | 0.00 | 1.43 | 6.26 | |||
| TMAK | 1.91 | 0.30 | 0.03 | (1.48) | 2.40 | 6.95 | 16.02 | |||
| CIZN | 1.13 | 0.50 | 0.25 | 0.93 | 0.70 | 4.86 | 9.52 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in HFB 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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HFB Financial Corporate Executives
Elected by the shareholders, the HFB Financial's board of directors comprises two types of representatives: HFB Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HFB. The board's role is to monitor HFB Financial's management team and ensure that shareholders' interests are well served. HFB Financial'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, HFB Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stanley Alexander | CFO, Principal Accounting Officer and CFO - Home Federal Bank Corporate | Profile |