Ameris Bancorp Correlations

ABCB Stock

USD 67.24 0.10 0.15%

The current 90-days correlation between Ameris Bancorp and BancFirst is 0.77 (i.e., Poor diversification). The correlation of Ameris 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Ameris Bancorp Correlation With Market

Poor diversification

The correlation between Ameris Bancorp and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ameris Bancorp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ameris Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade Ameris Stock refer to our How to Trade Ameris Stock guide.

Moving together with Ameris Stock

0.97	AX	Axos Financial Earnings Call This Week	Pair Corr
0.92	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.94	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.87	KB	KB Financial Group Earnings Call Today	Pair Corr
0.87	NU	Nu Holdings Aggressive Push	Pair Corr
0.93	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.95	RF	Regions Financial Buyout Trend	Pair Corr
0.84	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.84	VABK	Virginia National	Pair Corr
0.7	VBNK	VersaBank	Pair Corr
0.85	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.82	TECTP	Tectonic Financial	Pair Corr
0.88	TFC-PO	Truist Financial	Pair Corr
0.81	TFC-PR	Truist Financial	Pair Corr
0.88	CFG-PE	Citizens Financial	Pair Corr
0.87	CFG-PH	Citizens Financial Group,	Pair Corr
0.97	EFSC	Enterprise Financial Earnings Call Today	Pair Corr
0.71	KEY-PI	KeyCorp Earnings Call Tomorrow	Pair Corr
0.75	KEY-PJ	KeyCorp Earnings Call Tomorrow	Pair Corr
0.78	KEY-PK	KeyCorp Earnings Call Tomorrow	Pair Corr
0.86	KEY-PL	KeyCorp Earnings Call Tomorrow	Pair Corr
0.84	WABC	Westamerica Bancorporation	Pair Corr
0.89	WAFD	Washington Federal	Pair Corr
0.79	WASH	Washington Trust Bancorp Earnings Call Today	Pair Corr
0.84	BANC-PF	Banc of California Earnings Call Today	Pair Corr
0.91	EQBK	Equity Bancshares,	Pair Corr
0.9	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.68	TFINP	Triumph Financial	Pair Corr
0.94	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.83	WNEB	Western New England Earnings Call Tomorrow	Pair Corr
0.97	WSBC	WesBanco	Pair Corr

Related Correlations Analysis

	BCBP	AFBI	BRKL	ACNB	BANF	FBNC	BANR	PPBI
BCBP		0.18	0.25	0.29	0.07	0.3	0.44	0.12	BCBP
AFBI	0.18		0.58	0.59	0.59	0.58	0.64	0.51	AFBI
BRKL	0.25	0.58		0.95	0.94	0.89	0.92	0.96	BRKL
ACNB	0.29	0.59	0.95		0.89	0.83	0.89	0.9	ACNB
BANF	0.07	0.59	0.94	0.89		0.88	0.87	0.94	BANF
FBNC	0.3	0.58	0.89	0.83	0.88		0.95	0.84	FBNC
BANR	0.44	0.64	0.92	0.89	0.87	0.95		0.87	BANR
PPBI	0.12	0.51	0.96	0.9	0.94	0.84	0.87		PPBI
	BCBP	AFBI	BRKL	ACNB	BANF	FBNC	BANR	PPBI

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Risk-Adjusted Indicators

There is a big difference between Ameris Stock performing well and Ameris 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 Ameris 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
BCBP	1.48	(0.08)	0.00	(0.03)	0.00	0.00	3.45	(3.71)	9.65
AFBI	0.56	0.00	(0.06)	0.00	0.76	(0.63)	1.26	(1.42)	4.96
BRKL	1.31	0.06	0.07	0.18	1.25	(1.59)	2.69	(1.86)	7.55
ACNB	1.18	0.04	0.01	0.19	1.25	(1.26)	2.26	(2.03)	6.32
BANF	1.24	0.31	0.18	0.53	1.04	(1.37)	3.20	(1.93)	7.03
FBNC	1.20	0.28	0.24	0.39	0.81	(1.49)	3.07	(1.77)	7.54
BANR	1.14	0.09	0.06	0.23	1.09	(1.36)	2.65	(1.69)	7.78
PPBI	1.56	0.10	0.09	0.20	1.51	(1.79)	4.40	(3.01)	11.60

Ameris Bancorp Corporate Management

Ross Creasy	Corporate Officer	Profile
Michael Pierson	Chief VP	Profile
Brian Parks	Head Banking	Profile
JD Esq	Corporate Officer	Profile
Ross McWilliams	Executive Division	Profile

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