SR Bancorp, Inc. Common stock (SRBK) — Stock Correlations & Overview
Over the past year, SRBK has moved most closely with BHRB, SMBK, FBIZ. Explore the stocks most correlated and inversely correlated with SRBK below, along with its price, financials, and company profile.
Stocks correlated with SRBK
Correlation of daily returns. Higher positive values move with SRBK; negative values move opposite it. Informational only, not investment advice.
Most correlated with SRBK
| Symbol | Company | Correlation |
|---|---|---|
| BHRB | Burke & Herbert Financial Services Corp. Common StockNATIONAL COMMERCIAL BANKS | 0.48 |
| SMBK | SmartFinancial, Inc.NATIONAL COMMERCIAL BANKS | 0.48 |
| FBIZ | First Business Financial Services, Inc.STATE COMMERCIAL BANKS | 0.48 |
| NECB | Northeast Community Bancorp, Inc.SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED | 0.46 |
| PCB | PCB Bancorp Common StockSTATE COMMERCIAL BANKS | 0.46 |
Most inversely correlated with SRBK
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.44 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.31 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.31 |
| SKF | ProShares UltraShort Financials | -0.31 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.30 |
Frequently asked questions about SRBK correlations
- Which stocks are most correlated with SRBK?
- Based on one year of daily returns, the stocks most correlated with SR Bancorp, Inc. Common stock (SRBK) are BHRB (0.48), SMBK (0.48) and FBIZ (0.48). 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 SRBK?
- Over the past year, the stocks most inversely correlated with SR Bancorp, Inc. Common stock (SRBK) are SKRE (-0.44), BNKD (-0.31) and FAZ (-0.31). 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 SRBK correlations calculated?
- We compute the correlation of daily returns between SRBK 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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