Home Bancshares Correlations

HOMB
 Stock
  

USD 24.53  0.42  1.68%   

The correlation of Home Bancshares 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 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.
Please check Risk vs Return Analysis.
  
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 Bancshares

+0.86AZOAutozone Earnings Call  This WeekPairCorr
+0.87APAApa Corp Potential GrowthPairCorr
+0.81URIUnited RentalsPairCorr
+0.66ORCLOracle Corp Earnings Call  Next WeekPairCorr

Moving against Home Bancshares

-0.86CIHHFChina Merchants BankPairCorr
-0.72FITBPFifth Third BancorpPairCorr
-0.69BBAS3BRASIL ON NMPairCorr
-0.65BBDC4BRADESCO PN EJPairCorr
-0.59CIHKYChina Merchants Bank Buyout TrendPairCorr

Related Correlations

BLTS
BBDC4
PNC
BBAS3
BLTS
-0.520.28-0.6
BLTS
BBDC4
-0.52-0.590.81
BBDC4
PNC
0.28-0.59-0.44
PNC
BBAS3
-0.60.81-0.44
BBAS3
BLTS
BBDC4
PNC
BBAS3
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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   
BBAS3BBDC4
PNCBLTS
  
High negative correlations   
BBAS3BLTS
PNCBBDC4
BBDC4BLTS
BBAS3PNC

Home Bancshares Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Home Bancshares Stock performing well and Home Bancshares 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 Home Bancshares' multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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.

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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.
Richard Buckheim - Independent DirectorProfile
Thomas Longe - Independent DirectorProfile
Jim Rankin - Independent DirectorProfile
Richard Ashley - Independent DirectorProfile

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 Shape 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.
Please check Risk vs Return Analysis. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for analysis

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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 Bancshares 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 YOY
0.16
Market Capitalization
5.1 B
Quarterly Revenue Growth YOY
0.48
Return On Assets
0.0129
Return On Equity
0.0849
The market value of Home Bancshares is measured differently than its book value, which is the value of Home Bancshares 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 Home Bancshares value 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.