Kearny Financial Correlations

KRNY Stock

USD 8.37 0.11 1.30%

The current 90-days correlation between Kearny Financial Corp and Lake Shore Bancorp is 0.02 (i.e., Significant diversification). The correlation of Kearny 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Kearny Financial Correlation With Market

Poor diversification

The correlation between Kearny Financial Corp and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kearny Financial Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kearny Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Kearny Stock

0.87	AX	Axos Financial	Pair Corr
0.86	BY	Byline Bancorp Normal Trading	Pair Corr
0.66	NU	Nu Holdings Earnings Call Tomorrow	Pair Corr
0.94	PB	Prosperity Bancshares Normal Trading	Pair Corr
0.93	RF	Regions Financial Earnings Call Tomorrow	Pair Corr
0.73	VABK	Virginia National	Pair Corr
0.85	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.93	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.66	TECTP	Tectonic Financial	Pair Corr
0.76	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.95	EBTC	Enterprise Bancorp Normal Trading	Pair Corr
0.73	ECBK	ECB Bancorp	Pair Corr
0.64	CFG-PH	Citizens Financial Group,	Pair Corr
0.96	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.87	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.76	KEY-PJ	KeyCorp	Pair Corr
0.71	KEY-PK	KeyCorp	Pair Corr
0.69	KEY-PL	KeyCorp	Pair Corr
0.89	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.94	WASH	Washington Trust Bancorp Normal Trading	Pair Corr
0.63	BANC-PF	Banc of California	Pair Corr
0.96	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.83	ESSA	ESSA Bancorp	Pair Corr
0.8	EVBN	Evans Bancorp Normal Trading	Pair Corr
0.67	WSBCP	WesBanco	Pair Corr

Moving against Kearny Stock

0.45	FRCCL	First Republic Bank	Pair Corr
0.45	FRCHL	First Republic Bank	Pair Corr
0.45	FRCIL	First Republic Bank	Pair Corr

Related Correlations Analysis

	LSBK	MLGO	MSTSX	BAYAU	AZFL	AAEVX	RRTLX	LIDR	DALN
LSBK		-0.62	0.8	0.82	-0.06	0.77	0.67	-0.24	0.42	LSBK
MLGO	-0.62		-0.67	-0.5	0.1	-0.67	-0.7	0.45	-0.36	MLGO
MSTSX	0.8	-0.67		0.84	0.02	0.91	0.89	-0.04	0.23	MSTSX
BAYAU	0.82	-0.5	0.84		0.06	0.77	0.66	-0.16	0.31	BAYAU
AZFL	-0.06	0.1	0.02	0.06		0.11	0.01	0.18	0.14	AZFL
AAEVX	0.77	-0.67	0.91	0.77	0.11		0.93	-0.04	0.36	AAEVX
RRTLX	0.67	-0.7	0.89	0.66	0.01	0.93		-0.06	0.09	RRTLX
LIDR	-0.24	0.45	-0.04	-0.16	0.18	-0.04	-0.06		-0.12	LIDR
DALN	0.42	-0.36	0.23	0.31	0.14	0.36	0.09	-0.12		DALN
	LSBK	MLGO	MSTSX	BAYAU	AZFL	AAEVX	RRTLX	LIDR	DALN

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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

RRTLX	+ 0.93	AAEVX
AAEVX	+ 0.91	MSTSX
RRTLX	+ 0.89	MSTSX
BAYAU	+ 0.84	MSTSX
BAYAU	+ 0.82	LSBK
MSTSX	+ 0.8	LSBK

High negative correlations

RRTLX	- 0.7	MLGO
AAEVX	- 0.67	MLGO
MSTSX	- 0.67	MLGO
MLGO	- 0.62	LSBK
BAYAU	- 0.5	MLGO
DALN	- 0.36	MLGO

Risk-Adjusted Indicators

There is a big difference between Kearny Stock performing well and Kearny 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 Kearny 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
LSBK	1.22	0.12	0.00	0.61	1.31	(1.60)	3.69	(2.95)	8.55
MLGO	7.73	(1.20)	0.00	1.74	0.00	0.00	21.74	(13.79)	61.79
MSTSX	0.53	(0.02)	(0.10)	0.13	0.47	(0.65)	1.21	(1.02)	2.79
BAYAU	0.14	0.02	(0.27)	0.79	0.00	(0.99)	0.10	(0.19)	4.63
AZFL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AAEVX	0.53	0.14	(0.04)	(1.68)	0.43	(0.65)	1.32	(0.72)	3.24
RRTLX	0.24	0.05	(0.32)	7.00	0.11	(0.30)	0.65	(0.48)	1.37
LIDR	3.31	0.02	0.02	0.18	4.02	(4.02)	8.93	(5.69)	28.97
DALN	2.72	0.35	0.08	0.69	3.00	(3.17)	5.05	(5.45)	31.57

Kearny Financial Corporate Management

Erika Parisi	Executive VP, Branch Administrator, Executive VP of Kearny Federal Savings Bank and Branch Administrator of Kearny Federal Savings Bank	Profile
Patrick Joyce	Chief Lending Officer, Executive VP, Chief Lending Officer of Kearny Federal Savings Bank and Executive VP of Kearny Federal Savings Bank	Profile
John Dunne	Executive Officer	Profile
Taryn Rockwell	IR Contact Officer	Profile
Timothy Swansson	Executive Officer	Profile

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