Third Coast Correlations
| TCBX Stock | USD 36.04 0.10 0.28% |
The current 90-days correlation between Third Coast Bancshares and Byline Bancorp is -0.04 (i.e., Good diversification). The correlation of Third Coast 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.
Third Coast Correlation With Market
Good diversification
The correlation between Third Coast Bancshares and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Third Coast Bancshares and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Third Stock
| 0.78 | VBTX | Veritex Holdings | PairCorr |
| 0.66 | TECTP | Tectonic Financial | PairCorr |
| 0.72 | TFC-PO | Truist Financial | PairCorr |
| 0.71 | CFG-PE | Citizens Financial | PairCorr |
| 0.71 | EFSI | Eagle Financial Services Earnings Call This Week | PairCorr |
| 0.77 | EGBN | Eagle Bancorp Earnings Call Tomorrow | PairCorr |
| 0.65 | KEY-PK | KeyCorp Earnings Call Today | PairCorr |
| 0.68 | WAFD | Washington Federal | PairCorr |
Moving against Third Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Third Stock performing well and Third Coast 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 Third Coast'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BY | 1.14 | 0.27 | 0.08 | (2.00) | 1.13 | 2.85 | 8.22 | |||
| CCB | 1.80 | 0.30 | 0.06 | (1.63) | 2.04 | 3.84 | 12.23 | |||
| NBTB | 1.14 | 0.10 | (0.03) | (1.56) | 1.27 | 2.62 | 7.92 | |||
| CWBC | 1.18 | 0.27 | 0.25 | 0.37 | 0.66 | 3.23 | 8.56 | |||
| FVCB | 1.31 | 0.38 | 0.19 | (31.77) | 0.89 | 3.44 | 7.57 | |||
| HVBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CFBK | 0.47 | 0.07 | (0.06) | 0.41 | 0.36 | 1.20 | 3.34 | |||
| ISTR | 1.50 | 0.33 | 0.11 | (2.65) | 1.37 | 3.61 | 8.78 | |||
| OFED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VBFC | 0.29 | 0.04 | (0.10) | 1.43 | 0.41 | 0.64 | 6.37 |
Third Coast Corporate Management
| Andrew Novarini | Executive Banking | Profile | |
| Sarah Natho | Treasurer | Profile | |
| Jo Dean | Secretary | Profile | |
| William Bobbora | Executive Officer | Profile | |
| Liz Eber | Executive Officer | Profile | |
| Christopher Peacock | Executive Officer | Profile |