Heartland Financial Correlations
| 1H4 Stock | EUR 63.50 0.50 0.78% |
The current 90-days correlation between Heartland Financial USA and Magic Software Enterprises is 0.17 (i.e., Average diversification). The correlation of Heartland 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.
Heartland Financial Correlation With Market
Poor diversification
The correlation between Heartland Financial USA and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Heartland Financial USA and DJI in the same portfolio, assuming nothing else is changed.
Heartland |
The ability to find closely correlated positions to Heartland 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 Heartland 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 Heartland 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 Heartland Financial USA to buy it.
Moving together with Heartland Stock
| 0.95 | BBK | Truist Financial | PairCorr |
| 0.91 | OCBB | OVERSEA CHINUNSPADR/2 | PairCorr |
| 0.9 | OCBA | Oversea-Chinese BankingLimited | PairCorr |
| 0.93 | UOB0 | UTD OV BK | PairCorr |
| 0.68 | C2H | Copa Holdings SA | PairCorr |
| 0.73 | UF0 | UDR Inc | PairCorr |
| 0.9 | YMI | Yellow Pages Limited | PairCorr |
Moving against Heartland Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Heartland Stock performing well and Heartland 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 Heartland 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| M0G | 2.16 | (0.08) | (0.02) | 0.07 | 2.30 | 3.49 | 15.21 | |||
| W9C | 0.84 | 0.08 | 0.02 | 0.25 | 0.88 | 2.34 | 5.85 | |||
| JATA | 1.16 | 0.01 | (0.04) | 0.20 | 1.53 | 1.67 | 9.99 | |||
| I43 | 1.11 | (0.02) | (0.04) | 0.10 | 1.62 | 2.53 | 7.95 | |||
| ITB | 0.93 | 0.34 | 0.17 | (1.15) | 0.65 | 2.62 | 5.83 | |||
| UP2 | 2.40 | 0.97 | 0.46 | 5.46 | 1.13 | 7.06 | 29.99 | |||
| MGK | 1.73 | 0.33 | 0.09 | (6.23) | 1.59 | 5.45 | 11.87 | |||
| 1XV | 0.91 | 0.32 | 0.15 | (1.82) | 0.70 | 1.86 | 7.77 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Heartland 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?
Run Idea Optimizer Now
Idea OptimizerUse advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |
| All Next | Launch Module |
Heartland Financial Corporate Management
Elected by the shareholders, the Heartland Financial's board of directors comprises two types of representatives: Heartland Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Heartland. The board's role is to monitor Heartland Financial's management team and ensure that shareholders' interests are well served. Heartland 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, Heartland Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Thomas Flynn | Lead Independent Vice Chairman of the Board | Profile | |
| Robert Engel | Independent Director | Profile | |
| Susan Murphy | Independent Director | Profile | |
| John Schmidt | Independent Director | Profile | |
| Laura Hughes | Executive Vice President Chief Marketing Officer | Profile | |
| Mark Falb | Independent Vice Chairman of the Board | Profile |