Heartland Financial Correlations

HTLF Stock

USD 67.72 0.24 0.35%

The current 90-days correlation between Heartland Financial USA and Business First Bancshares is 0.87 (i.e., Very poor 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 0.71 (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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heartland Financial USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Heartland Stock

0.94	AX	Axos Financial	Pair Corr
0.93	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.96	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.97	RF	Regions Financial Sell-off Trend	Pair Corr
0.67	VABK	Virginia National	Pair Corr
0.94	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.96	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.79	TECTP	Tectonic Financial	Pair Corr
0.84	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.98	EBTC	Enterprise Bancorp	Pair Corr
0.66	ECBK	ECB Bancorp	Pair Corr
0.96	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.93	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.68	KEY-PJ	KeyCorp	Pair Corr
0.69	KEY-PK	KeyCorp	Pair Corr
0.66	KEY-PL	KeyCorp	Pair Corr
0.94	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.65	WAFD	Washington Federal	Pair Corr
0.94	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.69	BANC-PF	Banc of California	Pair Corr
0.97	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.85	ESSA	ESSA Bancorp	Pair Corr
0.91	EVBN	Evans Bancorp	Pair Corr
0.79	WSBCP	WesBanco	Pair Corr

Moving against Heartland Stock

0.57	CFG-PE	Citizens Financial	Pair Corr
0.56	TFC-PO	Truist Financial	Pair Corr
0.52	TFC-PR	Truist Financial	Pair Corr
0.38	WF	Woori Financial Group	Pair Corr
0.47	FRCIL	First Republic Bank	Pair Corr
0.39	FRCHL	First Republic Bank	Pair Corr
0.38	FRCCL	First Republic Bank	Pair Corr

Related Correlations Analysis

	HTBK	BFST	GABC	TCBI	PGC	NFBK	GSBC	HFWA	BY
HTBK		0.85	0.92	0.72	0.79	0.94	0.95	0.92	0.96	HTBK
BFST	0.85		0.94	0.92	0.92	0.92	0.9	0.92	0.91	BFST
GABC	0.92	0.94		0.9	0.95	0.97	0.94	0.99	0.98	GABC
TCBI	0.72	0.92	0.9		0.94	0.85	0.79	0.86	0.82	TCBI
PGC	0.79	0.92	0.95	0.94		0.89	0.87	0.94	0.9	PGC
NFBK	0.94	0.92	0.97	0.85	0.89		0.96	0.96	0.97	NFBK
GSBC	0.95	0.9	0.94	0.79	0.87	0.96		0.95	0.95	GSBC
HFWA	0.92	0.92	0.99	0.86	0.94	0.96	0.95		0.98	HFWA
BY	0.96	0.91	0.98	0.82	0.9	0.97	0.95	0.98		BY
	HTBK	BFST	GABC	TCBI	PGC	NFBK	GSBC	HFWA	BY

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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
HTBK	1.42	(0.11)	0.01	0.06	1.42	(1.81)	2.93	(2.24)	17.09
BFST	1.60	0.05	0.09	0.14	1.74	(1.90)	3.11	(3.48)	17.85
GABC	1.29	(0.01)	0.07	0.11	1.20	(1.54)	2.72	(2.21)	16.97
TCBI	1.44	0.26	0.26	0.26	1.06	(1.80)	3.11	(2.33)	13.69
PGC	1.93	0.24	0.17	0.23	1.79	(2.29)	5.09	(3.32)	17.97
NFBK	1.86	(0.09)	0.05	0.08	1.84	(2.21)	4.14	(2.85)	20.29
GSBC	1.54	(0.11)	0.01	0.07	1.85	(1.64)	3.41	(3.32)	19.09
HFWA	1.53	0.07	0.10	0.15	1.54	(1.56)	3.20	(2.17)	19.67
BY	1.54	(0.04)	0.08	0.10	1.35	(1.98)	3.40	(2.51)	20.72

Heartland Financial Corporate Management

Dennis Mochal	Ex Officer	Profile
Lo Nestman	Marketing, Retail	Profile
Jay Esq	Exec Counsel	Profile
Mark Frank	Ex Operations	Profile

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