Home BancShares Correlations
| HOMB Stock | USD 23.74 0.20 0.85% |
The correlation of Home BancShares 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Home BancShares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Home BancShares moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Home BancShares and NYA is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Home BancShares and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Home BancShares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Home BancShares 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 Home BancShares - 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 Home BancShares to buy it.
Moving together with Home Stock
| 0.76 | AX | Axos Financial Fiscal Year End 25th of July 2024 | PairCorr |
| 0.79 | BY | Byline Bancorp Financial Report 25th of July 2024 | PairCorr |
| 0.81 | PB | Prosperity Bancshares Financial Report 24th of July 2024 | PairCorr |
| 0.77 | VBTX | Veritex Holdings Financial Report 23rd of July 2024 | PairCorr |
Moving against Home Stock
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 Home Stock performing well and Home BancShares 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 Home BancShares' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| USB-PH | 0.53 | 0.05 | 0.04 | 0.16 | 0.57 | 0.95 | 3.08 | |||
| USB-PP | 0.47 | (0.04) | (0.06) | (0.01) | 0.70 | 0.97 | 3.08 | |||
| KEY-PI | 0.92 | (0.02) | (0.02) | 0.01 | 1.34 | 1.95 | 5.72 | |||
| KEY-PK | 0.93 | (0.06) | 0.00 | (0.04) | 0.00 | 1.86 | 7.01 | |||
| USB-PA | 0.57 | 0.04 | 0.01 | 0.23 | 0.82 | 1.30 | 8.67 | |||
| KEY-PJ | 0.82 | (0.04) | (0.04) | (0.01) | 1.14 | 1.87 | 5.06 | |||
| BSAC | 1.04 | 0.09 | 0.05 | 0.14 | 1.42 | 2.83 | 7.11 | |||
| BCH | 1.03 | 0.18 | 0.10 | 0.25 | 1.27 | 2.35 | 5.85 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Home BancShares 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?
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Home BancShares Corporate Directors
Home BancShares corporate directors refer to members of a Home BancShares board of directors. The board of directors generally takes responsibility for the Home BancShares' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Home BancShares' board members must vote for the resolution. The Home BancShares board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jim Rankin | Independent Director | Profile | |
| Mike Beebe | Independent Director | Profile | |
| Karen Garrett | Independent Director | Profile | |
| James Hinkle | Independent Director | Profile |
Already Invested in Home BancShares?
The danger of trading Home BancShares is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Home BancShares is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Home BancShares. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Home BancShares is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Home BancShares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Home BancShares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Home Bancshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Home Bancshares Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Home BancShares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Home Stock refer to our How to Trade Home Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Home Stock analysis
When running Home BancShares' price analysis, check to measure Home BancShares' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Home BancShares is operating at the current time. Most of Home BancShares' value examination focuses on studying past and present price action to predict the probability of Home BancShares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Home BancShares' price. Additionally, you may evaluate how the addition of Home BancShares to your portfolios can decrease your overall portfolio volatility.
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Is Home BancShares' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Home BancShares. If investors know Home will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Home BancShares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.02) | Dividend Share 0.72 | Earnings Share 1.93 | Revenue Per Share 4.83 | Quarterly Revenue Growth (0.02) |
The market value of Home BancShares is measured differently than its book value, which is the value of Home that is recorded on the company's balance sheet. Investors also form their own opinion of Home BancShares' value that differs from its market value or its book value, called intrinsic value, which is Home BancShares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Home BancShares' market value can be influenced by many factors that don't directly affect Home BancShares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Home BancShares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Home BancShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Home BancShares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.