HarborOne Bancorp Correlations
| HONE Stock | USD 12.16 0.02 0.16% |
The current 90-days correlation between HarborOne Bancorp and Northeast Community Bancorp is 0.64 (i.e., Poor diversification). The correlation of HarborOne 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.
HarborOne Bancorp Correlation With Market
Very weak diversification
The correlation between HarborOne Bancorp and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HarborOne Bancorp and DJI in the same portfolio, assuming nothing else is changed.
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Correlation Matchups
Over a given time period, the two securities move together 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
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Risk-Adjusted Indicators
There is a big difference between HarborOne Stock performing well and HarborOne 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 HarborOne 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EBC | 1.31 | 0.01 | 0.02 | 0.14 | 1.78 | 2.55 | 9.91 | |||
| WNEB | 1.36 | 0.22 | 0.16 | 0.35 | 1.00 | 3.60 | 11.13 | |||
| NECB | 1.27 | 0.00 | 0.00 | 0.13 | 1.50 | 2.67 | 6.25 | |||
| INDB | 1.48 | 0.22 | 0.16 | 0.29 | 1.33 | 4.17 | 9.17 | |||
| HTB | 1.12 | 0.18 | 0.13 | 0.34 | 0.96 | 2.77 | 5.84 | |||
| CNOB | 1.37 | 0.11 | 0.08 | 0.22 | 1.46 | 3.25 | 8.06 | |||
| PVBC | 0.81 | 0.18 | 0.11 | 0.46 | 0.90 | 1.91 | 5.77 | |||
| FNWB | 1.79 | (0.41) | 0.00 | (0.25) | 0.00 | 3.90 | 13.72 | |||
| HBCP | 1.35 | 0.28 | 0.23 | 0.34 | 0.85 | 3.01 | 14.27 |
HarborOne Bancorp Corporate Executives
Elected by the shareholders, the HarborOne Bancorp's board of directors comprises two types of representatives: HarborOne Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HarborOne. The board's role is to monitor HarborOne Bancorp's management team and ensure that shareholders' interests are well served. HarborOne Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, HarborOne Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Linda Simmons | Ex CFO | Profile |