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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Texas Capital BancShares Inc.  vs   UMB Financial Corp.
 Compare Fundamentals  
Daily Returns (%)
UMBF   TCBI   
 
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Given investment horizon of 30 days, Texas Capital BancShares Inc is expected to generate about the same return on investment as UMB Financial Corporation.However, Texas is 1.38 times more volatile than UMB Financial Corporation. It trades about -0.06 of its potential returns per unit of risk. UMB Financial Corporation is currently producing about -0.08 per unit of risk. If you would invest  5,319  in UMB Financial Corporation on May 19, 2013 and sell it today you would lose (118.00) from holding UMB Financial Corporation or give up 2.22% of portfolio value over 30 days.

Diversification

Poor diversification
Overlapping area represents amount of risk that can be diversified away by holding Texas Capital BancShares Inc. and UMB Financial Corp. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.68
Parameters
Time Period1 Month [change]
DirectionPositive UMBF Moved Up vs TCBI
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
UMBF   TCBI   

Texas Capital BancShares Inc

 
    
Texas
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Texas Capital BancShares Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match-ups for Texas

BOK Financial Corporation vs. Texas Capital BancShares Inc
UMB Financial Corporation vs. Texas Capital BancShares Inc
  

UMB Financial Corporation

 
    
UMB Financia
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days UMB Financial Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match-ups for UMB Financia

BOK Financial Corporation vs. UMB Financial Corporation
Texas Capital BancShares Inc vs. UMB Financial Corporation


 
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