Bank of Hawaii Corp. (BOH) — Stock Correlations & Overview
Over the past year, BOH has moved most closely with FHB, DPST, KRE. Explore the stocks most correlated and inversely correlated with BOH below, along with its price, financials, and company profile.
Stocks correlated with BOH
Correlation of daily returns. Higher positive values move with BOH; negative values move opposite it. Informational only, not investment advice.
Most correlated with BOH
| Symbol | Company | Correlation |
|---|---|---|
| FHB | First Hawaiian, Inc. Common StockSTATE COMMERCIAL BANKS | 0.84 |
| DPST | Direxion Daily Regional Banks Bull 3X ETF | 0.83 |
| KRE | State Street SPDR S&P Regional Banking ETF | 0.83 |
| KBE | State Street SPDR S&P Bank ETF | 0.83 |
| FULT | Fulton Financial CorpNATIONAL COMMERCIAL BANKS | 0.83 |
Most inversely correlated with BOH
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.83 |
| SDD | ProShares UltraShort SmallCap600 | -0.61 |
| SBB | ProShares Short SmallCap600 | -0.59 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.56 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.56 |
Frequently asked questions about BOH correlations
- Which stocks are most correlated with BOH?
- Based on one year of daily returns, the stocks most correlated with Bank of Hawaii Corp. (BOH) are FHB (0.84), DPST (0.83) and KRE (0.83). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with BOH?
- Over the past year, the stocks most inversely correlated with Bank of Hawaii Corp. (BOH) are SKRE (-0.83), SDD (-0.61) and SBB (-0.59). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these BOH correlations calculated?
- We compute the correlation of daily returns between BOH and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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