Veritex Holdings Correlations

VBTX Stock

USD 23.13 0.12 0.52%

The current 90-days correlation between Veritex Holdings and Great Southern Bancorp is 0.8 (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 0.71 (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.

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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

0.95	AX	Axos Financial Earnings Call This Week	Pair Corr
0.94	BY	Byline Bancorp	Pair Corr
0.69	KB	KB Financial Group	Pair Corr
0.73	NU	Nu Holdings Aggressive Push	Pair Corr
0.97	PB	Prosperity Bancshares	Pair Corr
0.94	RF	Regions Financial	Pair Corr
0.84	VBNK	VersaBank	Pair Corr
0.89	TFC-PI	Truist Financial	Pair Corr
0.86	TFC-PO	Truist Financial	Pair Corr
0.86	TFC-PR	Truist Financial	Pair Corr
0.94	EBTC	Enterprise Bancorp	Pair Corr
0.9	CFG-PE	Citizens Financial	Pair Corr
0.82	CFG-PH	Citizens Financial Group,	Pair Corr
0.93	EFSC	Enterprise Financial	Pair Corr
0.78	EFSI	Eagle Financial Services	Pair Corr
0.89	EGBN	Eagle Bancorp	Pair Corr
0.69	KEY-PJ	KeyCorp	Pair Corr
0.78	KEY-PK	KeyCorp	Pair Corr
0.7	KEY-PL	KeyCorp	Pair Corr
0.86	WABC	Westamerica Bancorporation	Pair Corr
0.89	WAFD	Washington Federal	Pair Corr
0.98	WASH	Washington Trust Bancorp	Pair Corr
0.62	BANC-PF	Banc of California	Pair Corr
0.95	EQBK	Equity Bancshares,	Pair Corr
0.75	WAFDP	Washington Federal	Pair Corr
0.88	ESSA	ESSA Bancorp	Pair Corr
0.91	TFINP	Triumph Financial	Pair Corr
0.95	EVBN	Evans Bancorp Earnings Call This Week	Pair Corr
0.86	WMPN	William Penn Bancorp	Pair Corr
0.75	WNEB	Western New England	Pair Corr

Moving against Veritex Stock

0.74	VBFC	Village Bank	Pair Corr
0.63	ECBK	ECB Bancorp	Pair Corr
0.61	TECTP	Tectonic Financial	Pair Corr
0.52	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.32	WF	Woori Financial Group	Pair Corr

Related Correlations Analysis

	FNWD	FRAF	HBCP	LNKB	GSBC	HTLF	HTBK	BFST	GABC	TCBI
FNWD		0.05	-0.6	-0.79	-0.69	-0.11	-0.67	-0.84	-0.77	-0.75	FNWD
FRAF	0.05		0.19	0.25	0.13	0.59	0.54	0.14	0.09	0.11	FRAF
HBCP	-0.6	0.19		0.68	0.84	0.08	0.54	0.79	0.83	0.78	HBCP
LNKB	-0.79	0.25	0.68		0.85	0.06	0.82	0.84	0.83	0.88	LNKB
GSBC	-0.69	0.13	0.84	0.85		-0.12	0.71	0.89	0.94	0.96	GSBC
HTLF	-0.11	0.59	0.08	0.06	-0.12		0.27	-0.02	-0.03	-0.11	HTLF
HTBK	-0.67	0.54	0.54	0.82	0.71	0.27		0.83	0.75	0.79	HTBK
BFST	-0.84	0.14	0.79	0.84	0.89	-0.02	0.83		0.93	0.93	BFST
GABC	-0.77	0.09	0.83	0.83	0.94	-0.03	0.75	0.93		0.93	GABC
TCBI	-0.75	0.11	0.78	0.88	0.96	-0.11	0.79	0.93	0.93		TCBI
	FNWD	FRAF	HBCP	LNKB	GSBC	HTLF	HTBK	BFST	GABC	TCBI

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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

TCBI	+ 0.96	GSBC
GABC	+ 0.94	GSBC
GABC	+ 0.93	BFST
TCBI	+ 0.93	BFST
TCBI	+ 0.93	GABC
BFST	+ 0.89	GSBC

High negative correlations

BFST	- 0.84	FNWD
LNKB	- 0.79	FNWD
GABC	- 0.77	FNWD
TCBI	- 0.75	FNWD
GSBC	- 0.69	FNWD
HTBK	- 0.67	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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FNWD	0.79	0.24	0.41	1.00	0.51	(0.91)	1.88	(1.41)	6.72
FRAF	1.08	0.27	0.37	(2.78)	0.77	(1.29)	3.49	(1.83)	8.19
HBCP	1.54	0.24	0.13	0.15	1.91	(1.67)	3.62	(3.25)	11.24
LNKB	1.81	(0.04)	0.00	(0.19)	0.00	0.00	4.50	(3.58)	12.08
GSBC	1.37	(0.06)	0.00	(0.23)	0.00	0.00	3.03	(3.46)	10.69
HTLF	1.58	0.20	0.22	(0.78)	1.51	(1.98)	3.53	(2.52)	19.68
HTBK	1.35	0.01	0.06	0.10	2.32	(1.33)	2.87	(3.16)	12.09
BFST	1.53	(0.12)	0.00	(3.94)	0.00	0.00	3.31	(3.51)	17.79
GABC	1.08	(0.01)	0.00	(0.16)	0.00	0.00	2.45	(2.28)	10.20
TCBI	1.83	(0.09)	0.00	(0.22)	0.00	0.00	3.06	(4.33)	15.29

Veritex Holdings Corporate Management

Mike Coyne	Technology Operations	Profile
Cara McDaniel	Senior Officer	Profile
James Recer	Sr VP	Profile
Charles III	Pres Chairman	Profile
Curtis Anderson	Senior Officer	Profile

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