Hancock Whitney Correlations

HWC Stock  USD 60.83  0.45  0.75%   
The current 90-days correlation between Hancock Whitney Corp and Cadence Bancorp is 0.9 (i.e., Almost no diversification). The correlation of Hancock Whitney 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.

Hancock Whitney Correlation With Market

Poor diversification

The correlation between Hancock Whitney Corp and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hancock Whitney Corp and DJI in the same portfolio, assuming nothing else is changed.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hancock Whitney Corp. 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 Hancock Stock refer to our How to Trade Hancock Stock guide.

Moving together with Hancock Stock

  0.97AX Axos Financial Earnings Call This WeekPairCorr
  0.94BY Byline Bancorp Earnings Call TomorrowPairCorr
  0.89DB Deutsche Bank AG Earnings Call TomorrowPairCorr
  0.8KB KB Financial GroupPairCorr
  0.85NU Nu HoldingsPairCorr
  0.95PB Prosperity Bancshares Earnings Call TodayPairCorr
  0.96RF Regions Financial Normal TradingPairCorr
  0.83WF Woori Financial Group Earnings Call TodayPairCorr
  0.79VABK Virginia NationalPairCorr
  0.63VBNK VersaBankPairCorr
  0.85VBTX Veritex HoldingsPairCorr
  0.79TECTP Tectonic FinancialPairCorr
  0.89TFC-PO Truist FinancialPairCorr
  0.83TFC-PR Truist FinancialPairCorr
  0.9CFG-PE Citizens FinancialPairCorr
  0.88CFG-PH Citizens Financial Group,PairCorr
  0.98EFSC Enterprise FinancialPairCorr
  0.67KEY-PI KeyCorpPairCorr
  0.74KEY-PJ KeyCorpPairCorr
  0.79KEY-PK KeyCorpPairCorr
  0.78KEY-PL KeyCorpPairCorr
  0.83WABC Westamerica BancorporationPairCorr
  0.92WAFD Washington FederalPairCorr
  0.84WASH Washington Trust BancorpPairCorr
  0.77BANC-PF Banc of CaliforniaPairCorr
  0.89EQBK Equity Bancshares,PairCorr
  0.94ESSA ESSA Bancorp Earnings Call TodayPairCorr
  0.67TFINP Triumph FinancialPairCorr
  0.9WSBCP WesBanco Earnings Call TodayPairCorr
  0.83WNEB Western New EnglandPairCorr
  0.98WSBC WesBanco Earnings Call This WeekPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Hancock Whitney Corporate Management