BankUnited Correlations

Stocks USA . 
Stock . BankUnited
BKU Stock  USD 38.72  0.91  2.41%   
The current 90-days correlation between BankUnited and Home BancShares is 0.84 (i.e., Very poor diversification). The correlation of BankUnited 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. If the correlation is 0, the equities are not correlated; they are entirely random.

BankUnited Correlation With Market

Poor diversification

The correlation between BankUnited and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BankUnited and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with BankUnited Stock
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BankUnited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy BankUnited Stock please use our How to Invest in BankUnited guide.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between BankUnited Stock performing well and BankUnited 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 BankUnited'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.

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