HomeStreet Correlations
| HMST Stock | USD 12.17 0.24 2.01% |
The current 90-days correlation between HomeStreet and Heartland Financial USA is 0.22 (i.e., Modest diversification). The correlation of HomeStreet 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.
HomeStreet Correlation With Market
Weak diversification
The correlation between HomeStreet and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HomeStreet and DJI in the same portfolio, assuming nothing else is changed.
HomeStreet |
Moving together with HomeStreet Stock
| 0.63 | WF | Woori Financial Group | PairCorr |
| 0.62 | TFC-PO | Truist Financial | PairCorr |
| 0.61 | TFC-PR | Truist Financial | PairCorr |
| 0.67 | CFG-PE | Citizens Financial | PairCorr |
Moving against HomeStreet Stock
| 0.73 | VBNK | VersaBank Earnings Call This Week | PairCorr |
| 0.73 | TECTP | Tectonic Financial | PairCorr |
| 0.7 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
| 0.69 | VBTX | Veritex Holdings Fiscal Year End 28th of January 2025 | PairCorr |
| 0.68 | RF | Regions Financial Fiscal Year End 17th of January 2025 | PairCorr |
| 0.67 | AX | Axos Financial | PairCorr |
| 0.67 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.67 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.66 | EBTC | Enterprise Bancorp | PairCorr |
| 0.64 | EBMT | Eagle Bancorp Montana Fiscal Year End 28th of January 2025 | PairCorr |
| 0.58 | ECBK | ECB Bancorp | PairCorr |
| 0.57 | VBFC | Village Bank | PairCorr |
| 0.46 | CFG-PH | Citizens Financial Group, | PairCorr |
| 0.41 | KB | KB Financial Group | PairCorr |
| 0.36 | VABK | Virginia National | PairCorr |
| 0.79 | EGBN | Eagle Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.75 | WASH | Washington Trust Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.74 | WSBCP | WesBanco | PairCorr |
| 0.71 | WABC | Westamerica Bancorporation Fiscal Year End 16th of January 2025 | PairCorr |
| 0.71 | WMPN | William Penn Bancorp | PairCorr |
| 0.68 | EQBK | Equity Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.64 | KEY-PL | KeyCorp | PairCorr |
| 0.63 | EVBN | Evans Bancorp | PairCorr |
| 0.62 | KEY-PJ | KeyCorp | PairCorr |
| 0.61 | KEY-PK | KeyCorp | PairCorr |
| 0.61 | WCFB | WCF Bancorp | PairCorr |
| 0.54 | BANC-PF | Banc of California | PairCorr |
| 0.54 | ESSA | ESSA Bancorp | PairCorr |
| 0.49 | WNEB | Western New England Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.89 | 0.96 | 0.98 | 0.96 | HTLF | ||
| 0.89 | 0.89 | 0.93 | 0.78 | HTBK | ||
| 0.96 | 0.89 | 0.95 | 0.92 | BFST | ||
| 0.98 | 0.93 | 0.95 | 0.93 | GABC | ||
| 0.96 | 0.78 | 0.92 | 0.93 | TCBI | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between HomeStreet Stock performing well and HomeStreet 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 HomeStreet'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HTLF | 1.51 | 0.09 | 0.14 | 0.15 | 1.28 | 3.72 | 17.05 | |||
| HTBK | 1.41 | (0.15) | (0.02) | 0.04 | 1.43 | 2.93 | 17.09 | |||
| BFST | 1.64 | 0.01 | 0.07 | 0.11 | 1.76 | 3.11 | 17.85 | |||
| GABC | 1.31 | (0.01) | 0.06 | 0.10 | 1.19 | 2.72 | 16.97 | |||
| TCBI | 1.45 | 0.23 | 0.23 | 0.23 | 1.06 | 3.11 | 13.69 |
HomeStreet Corporate Executives
Elected by the shareholders, the HomeStreet's board of directors comprises two types of representatives: HomeStreet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HomeStreet. The board's role is to monitor HomeStreet's management team and ensure that shareholders' interests are well served. HomeStreet'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, HomeStreet's outside directors are responsible for providing unbiased perspectives on the board's policies.