US Bancorp Correlations
| USB-PH Preferred Stock | USD 20.01 0.15 0.74% |
The correlation of US Bancorp 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 US Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if US Bancorp 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.
Weak diversification
The correlation between US Bancorp and NYA is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US Bancorp and NYA in the same portfolio, assuming nothing else is changed.
USB-PH |
The ability to find closely correlated positions to US Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace US Bancorp 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 US Bancorp - 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 US Bancorp to buy it.
Moving together with USB-PH Preferred Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between USB-PH Preferred Stock performing well and US Bancorp 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 US Bancorp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CFG-PD | 0.32 | 0.03 | (0.06) | 0.17 | 0.38 | 0.96 | 2.55 | |||
| COF-PI | 0.72 | (0.03) | (0.04) | 0.04 | 1.02 | 1.84 | 6.43 | |||
| COF-PJ | 0.74 | (0.04) | (0.04) | 0.04 | 1.06 | 1.69 | 6.26 | |||
| BAC-PN | 0.50 | (0.02) | (0.08) | 0.04 | 0.67 | 1.13 | 3.34 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in US Bancorp 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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US Bancorp Corporate Management
Elected by the shareholders, the US Bancorp's board of directors comprises two types of representatives: US Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of USB-PH. The board's role is to monitor US Bancorp's management team and ensure that shareholders' interests are well served. US Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, US Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gunjan Kedia | Vice Services | Profile | |
| Jeffry Gillern | Vice Services | Profile | |
| Jennifer CFA | Ex Analysis | Profile | |
| David Palombi | Global Communications | Profile | |
| Andrew Cecere | Pres Chairman | Profile | |
| Terrance Dolan | Chief Officer | Profile | |
| Katherine Quinn | Vice Officer | Profile |
Already Invested in US Bancorp?
The danger of trading US Bancorp 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 US Bancorp 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 US Bancorp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile US Bancorp 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in US Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in USB-PH Preferred Stock please use our How to Invest in US Bancorp guide.Note that the US Bancorp information on this page should be used as a complementary analysis to other US Bancorp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for USB-PH Preferred Stock analysis
When running US Bancorp's price analysis, check to measure US Bancorp's 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 US Bancorp is operating at the current time. Most of US Bancorp's value examination focuses on studying past and present price action to predict the probability of US Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move US Bancorp's price. Additionally, you may evaluate how the addition of US Bancorp to your portfolios can decrease your overall portfolio volatility.
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