Which stocks are most correlated with TCBX?

Based on one year of daily returns, the stocks most correlated with Third Coast Bancshares, Inc. Common Stock (TCBX) are IBCP (0.77), QABA (0.76) and FMBH (0.75). 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 TCBX?

Over the past year, the stocks most inversely correlated with Third Coast Bancshares, Inc. Common Stock (TCBX) are SKRE (-0.71), SDD (-0.51) and SBB (-0.50). A negative correlation means the two stocks have tended to move in opposite directions.

Third Coast Bancshares, Inc. Common Stock (TCBX) — Stock Correlations & Overview

Over the past year, TCBX has moved most closely with IBCP, QABA, FMBH. Explore the stocks most correlated and inversely correlated with TCBX below, along with its price, financials, and company profile.

Stocks correlated with TCBX

Correlation of daily returns. Higher positive values move with TCBX; negative values move opposite it. Informational only, not investment advice.

Most correlated with TCBX

Symbol	Company	Correlation
IBCP	Independent Bank Corp.STATE COMMERCIAL BANKS	0.77
QABA	First Trust NASDAQ ABA Community Bank Index Fund	0.76
FMBH	First Mid Bancshares, Inc. Common StockSTATE COMMERCIAL BANKS	0.75
HBT	HBT Financial, Inc. Common StockSTATE COMMERCIAL BANKS	0.74
THFF	First Financial Corporation Common StockSTATE COMMERCIAL BANKS	0.73

Most inversely correlated with TCBX

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.71
SDD	ProShares UltraShort SmallCap600	-0.51
SBB	ProShares Short SmallCap600	-0.50
FAZ	Direxion Daily Financial Bear 3x ETF	-0.50
SEF	ProShares Short Financials	-0.50

Frequently asked questions about TCBX correlations

Which stocks are most correlated with TCBX?: Based on one year of daily returns, the stocks most correlated with Third Coast Bancshares, Inc. Common Stock (TCBX) are IBCP (0.77), QABA (0.76) and FMBH (0.75). 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 TCBX?: Over the past year, the stocks most inversely correlated with Third Coast Bancshares, Inc. Common Stock (TCBX) are SKRE (-0.71), SDD (-0.51) and SBB (-0.50). 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 TCBX correlations calculated?: We compute the correlation of daily returns between TCBX 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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