Valley National Correlations
| VLYPP Preferred Stock | USD 25.16 0.02 0.08% |
The current 90-days correlation between Valley National Bancorp and Capital One Financial is 0.42 (i.e., Very weak diversification). The correlation of Valley National 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.
Valley National Correlation With Market
Average diversification
The correlation between Valley National Bancorp and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valley National Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Valley |
The ability to find closely correlated positions to Valley National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Valley National 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 Valley National - 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 Valley National Bancorp to buy it.
Moving together with Valley Preferred Stock
| 0.75 | EBMT | Eagle Bancorp Montana Fiscal Year End 28th of January 2025 | PairCorr |
| 0.72 | ECBK | ECB Bancorp | PairCorr |
| 0.76 | CFG-PH | Citizens Financial Group, | PairCorr |
| 0.68 | KEY-PJ | KeyCorp | PairCorr |
| 0.82 | KEY-PK | KeyCorp | PairCorr |
| 0.86 | KEY-PL | KeyCorp | PairCorr |
| 0.68 | ESSA | ESSA Bancorp Normal Trading | PairCorr |
| 0.63 | TFINP | Triumph Financial | PairCorr |
| 0.72 | EVBN | Evans Bancorp | PairCorr |
| 0.77 | WSBCP | WesBanco | PairCorr |
Moving against Valley Preferred Stock
| 0.91 | FRCCL | First Republic Bank | PairCorr |
| 0.91 | FRCHL | First Republic Bank | PairCorr |
| 0.9 | FRCKL | First Republic Bank | PairCorr |
| 0.9 | FRCML | First Republic Bank | PairCorr |
| 0.89 | FRCIL | First Republic Bank | PairCorr |
| 0.85 | FRCLL | First Republic Bank | PairCorr |
| 0.62 | SBNYL | Signature Bank | PairCorr |
| 0.6 | WBBW | Westbury Bancorp | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Valley Preferred Stock performing well and Valley National 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 Valley National'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| COF-PI | 0.71 | (0.04) | 0.00 | (0.10) | 0.00 | 1.67 | 4.54 | |||
| BAC-PN | 0.62 | (0.09) | 0.00 | (0.38) | 0.00 | 1.14 | 3.51 | |||
| 444859BR2 | 1.39 | (0.03) | 0.00 | 0.24 | 0.00 | 5.93 | 16.62 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRRAY | 1.27 | (0.13) | 0.00 | 0.01 | 0.00 | 0.00 | 34.02 | |||
| MSTSX | 0.49 | (0.02) | (0.10) | 0.08 | 0.50 | 1.21 | 2.80 | |||
| ABHYX | 0.18 | 0.01 | (0.20) | 0.35 | 0.24 | 0.34 | 1.91 | |||
| LBHIX | 0.12 | 0.02 | (0.38) | 1.57 | 0.00 | 0.24 | 0.96 | |||
| SCAXF | 0.70 | (0.41) | 0.00 | (0.99) | 0.00 | 0.00 | 23.47 |
Be your own money manager
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Valley National Corporate Management
| Travis Lan | Head Relations | Profile | |
| Joseph Chillura | Sr Banking | Profile | |
| Michael Hagedorn | EVP CFO | Profile | |
| Marc Piro | Head VP | Profile |