Heritage Financial Correlations

Stocks . USA . 
Stock . Heritage Financial
HFWA Stock  USD 24.86  0.14  0.56%   
The current 90-days correlation between Heritage Financial and Great Southern Bancorp is 0.83 (i.e., Very poor diversification). The correlation of Heritage Financial 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.

Heritage Financial Correlation With Market

Poor diversification

The correlation between Heritage Financial and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Heritage Financial and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Heritage Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
For information on how to trade Heritage Stock refer to our How to Trade Heritage Stock guide.

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Related Correlations Analysis

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Risk-Adjusted Indicators

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

Heritage Financial Corporate Management

Bryan McDonaldChief Lending Officer and Executive VPProfile
Anthony ChalfantExecutive OfficerProfile
Kaylene LahnSenior SecretaryProfile
Cindy HirmanExecutive BankProfile
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