Correlation Analysis Between 1ST CAPITAL and Texas Capital

This module allows you to analyze existing cross correlation between 1ST CAPITAL BANK and Texas Capital Bancshares. You can compare the effects of market volatilities on 1ST CAPITAL and Texas Capital and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in 1ST CAPITAL with a short position of Texas Capital. See also your portfolio center. Please also check ongoing floating volatility patterns of 1ST CAPITAL and Texas Capital.
Horizon     30 Days    Login   to change
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Comparative Performance

1ST CAPITAL BANK  
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Risk-Adjusted Performance

Over the last 30 days 1ST CAPITAL BANK has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, 1ST CAPITAL is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Texas Capital Bancsh  
00

Risk-Adjusted Performance

Over the last 30 days Texas Capital Bancshares has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite very unfluctuating forward-looking indicators, Texas Capital is not utilizing all of its potentials. The current stock price disarray, may contribute to short term momentum losses for the insiders.

1ST CAPITAL and Texas Capital Volatility Contrast

1ST CAPITAL BANK  vs.  Texas Capital Bancshares Inc

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in Texas Capital Bancshares on September 20, 2019 and sell it today you would earn a total of  0.00  from holding Texas Capital Bancshares or generate 0.0% return on investment over 30 days.

Pair Corralation between 1ST CAPITAL and Texas Capital

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for 1ST CAPITAL and Texas Capital

1ST CAPITAL BANK diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding 1ST CAPITAL BANK and Texas Capital Bancshares Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Texas Capital Bancsh and 1ST CAPITAL is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on 1ST CAPITAL BANK are associated (or correlated) with Texas Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Texas Capital Bancsh has no effect on the direction of 1ST CAPITAL i.e. 1ST CAPITAL and Texas Capital go up and down completely randomly.
See also your portfolio center. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.


 
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