Veritex Holdings Correlations

Stocks . USA . 
Stock . Veritex Holdings
VBTX Stock  USD 29.71  0.24  0.80%   
The current 90-days correlation between Veritex Holdings and Great Southern Bancorp is 0.82 (i.e., Very poor diversification). The correlation of Veritex Holdings 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.

Veritex Holdings Correlation With Market

Poor diversification

The correlation between Veritex Holdings 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 Veritex Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veritex Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Veritex Stock please use our How to Invest in Veritex Holdings guide.

Moving together with Veritex Stock

  0.96AX Axos FinancialPairCorr
  0.94BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr
  0.95PB Prosperity Bancshares Fiscal Year End 22nd of January 2025 PairCorr
  0.97RF Regions Financial Fiscal Year End 17th of January 2025 PairCorr
  0.67VABK Virginia NationalPairCorr
  0.67VBFC Village BankPairCorr
  0.93VBNK VersaBankPairCorr
  0.78TECTP Tectonic FinancialPairCorr
  0.93EBMT Eagle Bancorp Montana Fiscal Year End 28th of January 2025 PairCorr
  0.87EBTC Enterprise Bancorp Normal TradingPairCorr
  0.75ECBK ECB BancorpPairCorr
  0.97EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.95EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.72KEY-PK KeyCorpPairCorr
  0.82KEY-PL KeyCorpPairCorr
  0.96WABC Westamerica Bancorporation Fiscal Year End 16th of January 2025 PairCorr
  0.7WAFD Washington FederalPairCorr
  0.94WASH Washington Trust Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.76BANC-PF Banc of CaliforniaPairCorr
  0.98EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.91ESSA ESSA BancorpPairCorr
  0.95EVBN Evans BancorpPairCorr
  0.86WSBCP WesBancoPairCorr
  0.91WMPN William Penn BancorpPairCorr
  0.83WNEB Western New England Fiscal Year End 28th of January 2025 PairCorr

Moving against Veritex Stock

  0.78CFG-PE Citizens FinancialPairCorr
  0.73TFC-PO Truist FinancialPairCorr
  0.72TFC-PR Truist FinancialPairCorr
  0.32WF Woori Financial GroupPairCorr
  0.58WAFDP Washington FederalPairCorr
  0.55FRCIL First Republic BankPairCorr
  0.52FRCCL First Republic BankPairCorr
  0.52FRCHL First Republic BankPairCorr
  0.52FRCKL First Republic BankPairCorr
  0.52FRCML First Republic BankPairCorr
  0.5FRCLL First Republic BankPairCorr

Related Correlations Analysis

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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   
GABC
+ 0.98
HTLF
TCBI
+ 0.97
HTLF
GABC
+ 0.97
BFST
BFST
+ 0.96
GSBC
BFST
+ 0.96
HTLF
TCBI
+ 0.96
GABC
  
High negative correlations   
FRAF
- 0.12
FNWD

Risk-Adjusted Indicators

There is a big difference between Veritex Stock performing well and Veritex Holdings 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 Veritex Holdings' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FNWD  1.04  0.12  0.05  0.41  0.84 
(1.32)
 2.57 
(1.90)
 12.55 
FRAF  0.75  0.06 (0.04)(0.78) 1.24 
(0.83)
 1.42 
(1.56)
 9.44 
HBCP  1.54  0.09  0.10  0.17  1.60 
(1.79)
 3.67 
(2.15)
 10.26 
LNKB  1.72  0.22  0.16  0.29  1.34 
(2.21)
 3.76 
(2.16)
 10.93 
GSBC  1.50  0.02  0.09  0.12  1.71 
(1.58)
 3.41 
(3.32)
 19.09 
HTLF  1.51  0.08  0.15  0.15  1.32 
(1.76)
 3.72 
(2.52)
 17.05 
HTBK  1.35 (0.13) 0.01  0.06  1.35 
(1.78)
 2.93 
(2.24)
 17.09 
BFST  1.61 (0.02) 0.07  0.11  1.74 
(1.92)
 3.11 
(3.48)
 17.85 
GABC  1.30  0.02  0.11  0.13  1.10 
(1.64)
 2.72 
(2.21)
 16.97 
TCBI  1.44  0.13  0.18  0.18  1.19 
(1.76)
 2.88 
(2.57)
 13.69 

Veritex Holdings Corporate Management

Mike CoyneTechnology OperationsProfile
Cara McDanielSenior OfficerProfile
James RecerSr VPProfile
Charles IIIPres ChairmanProfile
Curtis AndersonSenior OfficerProfile
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