HV Bancorp Correlations

Summary

HVBCDelisted Stock

USD 34.60 0.74 2.19%

The current 90-days correlation between HV Bancorp and Magyar Bancorp is -0.18 (i.e., Good diversification). The correlation of HV Bancorp 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.

HV Bancorp Correlation With Market

Average diversification

The correlation between HV Bancorp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HV Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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.

Moving against HVBC Stock

0.51	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.36	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.35	MRK	Merck Company Sell-off Trend	Pair Corr
0.31	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	MGYR	OFED	CULL	HFBL	CWBC	LSBK	FFNW	FNWB	FCAP
MGYR		-0.33	-0.64	0.15	0.17	0.44	-0.05	0.06	0.35	MGYR
OFED	-0.33		0.36	-0.09	0.54	-0.72	-0.32	0.37	-0.8	OFED
CULL	-0.64	0.36		0.0	-0.23	-0.4	-0.12	-0.11	-0.29	CULL
HFBL	0.15	-0.09	0.0		-0.06	0.17	-0.03	0.02	0.12	HFBL
CWBC	0.17	0.54	-0.23	-0.06		-0.38	0.03	0.51	-0.51	CWBC
LSBK	0.44	-0.72	-0.4	0.17	-0.38		0.1	-0.31	0.66	LSBK
FFNW	-0.05	-0.32	-0.12	-0.03	0.03	0.1		0.41	0.25	FFNW
FNWB	0.06	0.37	-0.11	0.02	0.51	-0.31	0.41		-0.42	FNWB
FCAP	0.35	-0.8	-0.29	0.12	-0.51	0.66	0.25	-0.42		FCAP
	MGYR	OFED	CULL	HFBL	CWBC	LSBK	FFNW	FNWB	FCAP

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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

FCAP	+ 0.66	LSBK
CWBC	+ 0.54	OFED
FNWB	+ 0.51	CWBC
LSBK	+ 0.44	MGYR
FNWB	+ 0.41	FFNW
FNWB	+ 0.37	OFED

High negative correlations

FCAP	- 0.8	OFED
LSBK	- 0.72	OFED
CULL	- 0.64	MGYR
FCAP	- 0.51	CWBC
FCAP	- 0.42	FNWB
LSBK	- 0.4	CULL

Risk-Adjusted Indicators

There is a big difference between HVBC Stock performing well and HV Bancorp 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 HV Bancorp'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
MGYR	0.60	0.06	(0.08)	0.57	0.60	(0.70)	1.45	(1.21)	3.95
OFED	2.13	(0.21)	0.00	1.21	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.09)	0.00	0.52	0.00	0.00	1.18	(1.64)	4.73
HFBL	1.89	0.02	(0.01)	0.18	2.51	(3.09)	3.82	(4.31)	21.70
CWBC	1.08	(0.04)	0.00	0.11	1.13	(1.19)	2.64	(2.16)	9.14
LSBK	1.18	0.10	(0.01)	0.57	1.30	(1.57)	3.69	(2.95)	8.55
FFNW	0.67	(0.03)	(0.15)	0.06	0.74	(0.80)	1.68	(1.13)	4.63
FNWB	1.49	0.02	(0.02)	0.18	1.51	(1.82)	4.78	(2.48)	14.21
FCAP	1.74	0.13	0.01	0.70	1.83	(2.38)	6.22	(3.85)	14.42

HV Bancorp Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with HV Bancorp stock to make a market-neutral strategy. Peer analysis of HV Bancorp could also be used in its relative valuation, which is a method of valuing HV Bancorp by comparing valuation metrics with similar companies.

Magyar Bancorp Oconee Federal Financial Cullman Bancorp Home Federal Bancorp Community West Bancshares Lake Shore Bancorp First Financial Northwest First Northwest Bancorp First Capital Citizens Holding American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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Still Interested in HV Bancorp?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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