Howard Bancorp Correlations

HBMD
 Stock
  

USD 23.30  0.00  0.00%   

The correlation of Howard Bancorp is a statistical measure of how it moves in relation to other equities. 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 Howard Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Howard 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.
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The ability to find closely correlated positions to Howard 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 Howard 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 Howard 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 Howard Bancorp to buy it.

Moving together with Howard Bancorp

0.73ACBIAtlantic Capital BanPairCorr
0.87ACNBAcnb CorpPairCorr
0.74AFBIAffinity BancsharesPairCorr
0.72AMALAmalgamated FinancialPairCorr
0.64AMTBMercantil Bank HoldingPairCorr

Moving against Howard Bancorp

0.75AUBNAuburn Natl BncpPairCorr
0.66AVALGrupo Aval AccionesPairCorr
0.66BAFNBayfirst Financial CorpPairCorr
0.61ALRSAlerus Financial CorpPairCorr
0.6ABCBAmeris BancorpPairCorr
0.53AROWArrow Financial CorpPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
JPMCRM
CRMA
JPMUBER
JPMA
CRMUBER
XOMMRK
  
High negative correlations   
XOMA
XOMUBER
XOMCRM
XOMJPM
XOMTWTR
TMSFT

Howard Bancorp Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Howard Bancorp stock performing well and Howard Bancorp company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Howard Bancorp's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 2.15 (0.08)  0.00 (0.12)  0.00 (0.025)  0.00  4.23 (4.24)  36.79 
MSFT 1.32  0.08  0.04  0.02  1.78  0.0384 (1.33)  2.68 (3.62)  9.66 
UBER 2.71 (0.17)  0.00 (0.13)  0.00 (0.06)  0.00  6.22 (5.94)  23.07 
F 2.15  0.01  0.00 (0.03)  0.00 (0.007)  0.00  4.02 (4.23)  21.38 
T 1.02  0.04  0.04  0.03  1.42  0.0383 (1.10)  2.22 (1.95)  15.40 
A 1.38 (0.01)  0.00 (0.04)  0.00 (0.0045)  0.00  2.85 (3.17)  10.94 
CRM 1.78 (0.01)  0.00 (0.05)  0.00 (0.0119)  0.00  3.99 (3.97)  18.95 
JPM 1.27 (0.07)  0.00 (0.09)  0.00 (0.0435)  0.00  2.39 (2.96)  10.78 
MRK 0.96  0.12  0.10  0.26  1.34  0.1 (1.01)  2.11 (1.65)  18.25 
XOM 1.55  0.18  0.09  0.20  1.98  0.09 (1.56)  3.59 (3.30)  14.29 

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Howard Bancorp stock to make a market-neutral strategy. Peer analysis of Howard Bancorp could also be used in its relative valuation, which is a method of valuing Howard Bancorp by comparing valuation metrics with similar companies.

Howard Bancorp Corporate Directors

Howard Bancorp corporate directors refer to members of a Howard Bancorp board of directors. The board of directors generally takes responsibility for the Howard Bancorp's 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 Howard Bancorp's board members must vote for the resolution. The Howard Bancorp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Richard Arnold - Independent DirectorProfile
Gary Bozel - DirectorProfile
Thomas ONeill - DirectorProfile
Robert Smith - Independent DirectorProfile

Investing Howard Bancorp

You need to understand the risk of investing before taking a position in Howard Bancorp. The danger of trading Howard 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 Howard 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 Howard Bancorp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Howard 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.
Please check Risk vs Return Analysis. Note that the Howard Bancorp information on this page should be used as a complementary analysis to other Howard 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

Other Tools for Howard Stock

When running Howard Bancorp price analysis, check to measure Howard 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 Howard Bancorp is operating at the current time. Most of Howard Bancorp's value examination focuses on studying past and present price action to predict the probability of Howard Bancorp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Howard Bancorp's price. Additionally, you may evaluate how the addition of Howard Bancorp to your portfolios can decrease your overall portfolio volatility.
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