Stock Yards Correlations

SYBT Stock

USD 73.13 0.67 0.92%

The current 90-days correlation between Stock Yards Bancorp and Southern Missouri Bancorp is -0.12 (i.e., Good diversification). The correlation of Stock Yards 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.

Stock Yards Correlation With Market

Average diversification

The correlation between Stock Yards Bancorp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stock Yards Bancorp 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 Stock Yards Bancorp. 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 labor statistics.

Moving together with Stock Stock

0.93	AX	Axos Financial	Pair Corr
0.94	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.94	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.89	RF	Regions Financial Sell-off Trend	Pair Corr
0.72	VBFC	Village Bank	Pair Corr
0.72	VBNK	VersaBank	Pair Corr
0.92	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.79	TECTP	Tectonic Financial	Pair Corr
0.7	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.86	EBTC	Enterprise Bancorp	Pair Corr
0.75	ECBK	ECB Bancorp	Pair Corr
0.98	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.92	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.95	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.74	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.9	BANC-PF	Banc of California	Pair Corr
0.92	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.87	ESSA	ESSA Bancorp	Pair Corr
0.98	EVBN	Evans Bancorp	Pair Corr
0.91	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.9	WSBCP	WesBanco	Pair Corr
0.75	WMPN	William Penn Bancorp	Pair Corr
0.86	WNEB	Western New England Fiscal Year End 28th of January 2025	Pair Corr

Moving against Stock Stock

0.78	CFG-PE	Citizens Financial	Pair Corr
0.69	TFC-PR	Truist Financial	Pair Corr
0.66	TFC-PO	Truist Financial	Pair Corr
0.5	WF	Woori Financial Group	Pair Corr
0.35	NU	Nu Holdings Sell-off Trend	Pair Corr
0.33	KEY-PI	KeyCorp	Pair Corr
0.8	WAFDP	Washington Federal	Pair Corr
0.72	FRCIL	First Republic Bank	Pair Corr
0.7	SBNYL	Signature Bank	Pair Corr
0.58	FRCCL	First Republic Bank	Pair Corr
0.58	FRCHL	First Republic Bank	Pair Corr
0.57	FRCKL	First Republic Bank	Pair Corr
0.57	FRCML	First Republic Bank	Pair Corr
0.52	FRCLL	First Republic Bank	Pair Corr

Related Correlations Analysis

	FXNC	SMBC	SHBI	FCAP	IROQ	CBAN	OPOF	TCFC	FNWD
FXNC		0.83	0.95	-0.84	0.88	0.86	0.86	-0.67	-0.5	FXNC
SMBC	0.83		0.87	-0.6	0.6	0.92	0.52	-0.68	-0.24	SMBC
SHBI	0.95	0.87		-0.81	0.81	0.93	0.8	-0.63	-0.43	SHBI
FCAP	-0.84	-0.6	-0.81		-0.82	-0.75	-0.9	0.3	0.58	FCAP
IROQ	0.88	0.6	0.81	-0.82		0.67	0.9	-0.47	-0.53	IROQ
CBAN	0.86	0.92	0.93	-0.75	0.67		0.67	-0.52	-0.37	CBAN
OPOF	0.86	0.52	0.8	-0.9	0.9	0.67		-0.4	-0.7	OPOF
TCFC	-0.67	-0.68	-0.63	0.3	-0.47	-0.52	-0.4		0.23	TCFC
FNWD	-0.5	-0.24	-0.43	0.58	-0.53	-0.37	-0.7	0.23		FNWD
	FXNC	SMBC	SHBI	FCAP	IROQ	CBAN	OPOF	TCFC	FNWD

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

SHBI	+ 0.95	FXNC
CBAN	+ 0.93	SHBI
CBAN	+ 0.92	SMBC
OPOF	+ 0.9	IROQ
IROQ	+ 0.88	FXNC
SHBI	+ 0.87	SMBC

High negative correlations

OPOF	- 0.9	FCAP
FCAP	- 0.84	FXNC
IROQ	- 0.82	FCAP
FCAP	- 0.81	SHBI
CBAN	- 0.75	FCAP
FNWD	- 0.7	OPOF

Risk-Adjusted Indicators

There is a big difference between Stock Stock performing well and Stock Yards 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 Stock Yards' 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
FXNC	1.41	0.48	0.27	(1.63)	1.00	(1.68)	4.91	(2.11)	9.60
SMBC	1.56	0.11	0.03	(13.57)	1.85	(1.78)	3.46	(3.11)	19.64
SHBI	1.35	0.23	0.12	(37.81)	1.40	(1.62)	2.81	(2.95)	18.23
FCAP	1.52	(0.13)	0.00	0.32	0.00	0.00	2.94	(3.81)	10.68
IROQ	1.49	0.32	0.10	(1.76)	1.89	(1.74)	3.63	(3.42)	13.04
CBAN	1.21	0.10	0.04	0.67	1.43	(1.40)	2.28	(2.34)	18.44
OPOF	1.22	0.49	0.23	20.91	1.29	(1.43)	3.39	(1.47)	11.44
TCFC	1.58	(0.33)	0.00	(0.88)	0.00	0.00	3.97	(2.77)	12.19
FNWD	0.81	(0.11)	0.00	(1.89)	0.00	0.00	2.10	(1.90)	6.41

Stock Yards Corporate Management

Philip Poindexter	Executive VP, Chief Lending Officer of Stock Yards Bank and Trust Company and Executive VP of Stock Yards Bank and Trust	Profile
Stephen Brown	Market CincinnatiNKY	Profile
William III	Executive Company	Profile
Shannon Budnick	Executive Group	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC