BankUnited Correlations

BKU Stock

USD 39.55 0.83 2.14%

The current 90-days correlation between BankUnited and Home BancShares is 0.81 (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 0.77 (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.

Moving together with BankUnited Stock

0.95	AX	Axos Financial Earnings Call This Week	Pair Corr
0.93	BY	Byline Bancorp Earnings Call Today	Pair Corr
0.84	DB	Deutsche Bank AG Earnings Call Today	Pair Corr
0.72	KB	KB Financial Group	Pair Corr
0.77	NU	Nu Holdings	Pair Corr
0.89	PB	Prosperity Bancshares	Pair Corr
0.95	RF	Regions Financial Normal Trading	Pair Corr
0.8	WF	Woori Financial Group	Pair Corr
0.74	VABK	Virginia National	Pair Corr
0.89	VBTX	Veritex Holdings	Pair Corr
0.74	TECTP	Tectonic Financial	Pair Corr
0.88	TFC-PO	Truist Financial	Pair Corr
0.79	TFC-PR	Truist Financial	Pair Corr
0.87	CFG-PE	Citizens Financial	Pair Corr
0.83	CFG-PH	Citizens Financial Group,	Pair Corr
0.96	EFSC	Enterprise Financial	Pair Corr
0.67	EFSI	Eagle Financial Services Earnings Call Today	Pair Corr
0.64	EGBN	Eagle Bancorp	Pair Corr
0.63	KEY-PI	KeyCorp	Pair Corr
0.71	KEY-PJ	KeyCorp	Pair Corr
0.74	KEY-PK	KeyCorp	Pair Corr
0.71	KEY-PL	KeyCorp	Pair Corr
0.81	WABC	Westamerica Bancorporation	Pair Corr
0.85	WAFD	Washington Federal	Pair Corr
0.83	WASH	Washington Trust Bancorp	Pair Corr
0.72	BANC-PF	Banc of California	Pair Corr
0.79	EQBK	Equity Bancshares,	Pair Corr
0.92	ESSA	ESSA Bancorp	Pair Corr
0.62	TFINP	Triumph Financial	Pair Corr
0.94	EWBC	East West Bancorp	Pair Corr
0.85	WSBCP	WesBanco	Pair Corr
0.84	WNEB	Western New England	Pair Corr
0.73	WSBF	Waterstone Financial Normal Trading	Pair Corr

Moving against BankUnited Stock

0.31

TFC-PI

Truist Financial

Pair Corr

Related Correlations Analysis

	HOMB	VLY	ABCB	PPBI	BANC	HWC	BANR	ASB	CVBF
HOMB		0.91	0.9	0.96	0.92	0.92	0.86	0.91	0.89	HOMB
VLY	0.91		0.92	0.87	0.97	0.97	0.94	0.95	0.97	VLY
ABCB	0.9	0.92		0.87	0.91	0.98	0.89	0.98	0.9	ABCB
PPBI	0.96	0.87	0.87		0.87	0.88	0.86	0.88	0.84	PPBI
BANC	0.92	0.97	0.91	0.87		0.95	0.91	0.93	0.95	BANC
HWC	0.92	0.97	0.98	0.88	0.95		0.92	0.99	0.94	HWC
BANR	0.86	0.94	0.89	0.86	0.91	0.92		0.9	0.95	BANR
ASB	0.91	0.95	0.98	0.88	0.93	0.99	0.9		0.92	ASB
CVBF	0.89	0.97	0.9	0.84	0.95	0.94	0.95	0.92		CVBF
	HOMB	VLY	ABCB	PPBI	BANC	HWC	BANR	ASB	CVBF

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HOMB	1.06	(0.05)	(0.03)	0.16	1.04	(1.20)	3.16	(1.67)	6.90
VLY	1.33	(0.03)	0.04	0.19	1.45	(1.56)	2.93	(2.43)	9.07
ABCB	1.19	0.08	0.11	0.27	0.91	(1.44)	2.79	(1.71)	8.02
PPBI	1.52	(0.10)	0.02	0.15	1.53	(1.71)	4.40	(3.01)	11.60
BANC	1.33	(0.05)	0.02	0.17	1.26	(1.66)	2.87	(2.36)	9.88
HWC	1.33	0.05	0.10	0.24	1.34	(1.50)	2.92	(2.57)	8.95
BANR	1.09	(0.09)	(0.06)	0.12	1.16	(1.26)	2.28	(1.69)	7.78
ASB	1.33	0.12	0.14	0.29	1.13	(1.63)	3.42	(1.72)	8.84
CVBF	1.18	0.03	0.05	0.23	1.17	(1.35)	3.00	(2.40)	7.16

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