Associated Banc Correlations
| ASB-P-E Preferred Stock | 22.17 0.66 3.07% |
The current 90-days correlation between Associated Banc Corp and United Parks Resorts is -0.14 (i.e., Good diversification). The correlation of Associated Banc 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.
Associated Banc Correlation With Market
Very good diversification
The correlation between Associated Banc Corp Depositar and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Associated Banc Corp Depositar and DJI in the same portfolio, assuming nothing else is changed.
Associated |
The ability to find closely correlated positions to Associated Banc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Associated Banc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Associated Banc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Associated Banc Corp Depositary to buy it.
Moving against Associated Preferred Stock
| 0.86 | LGCY | Legacy Education | PairCorr |
| 0.86 | KLTR | Kaltura | PairCorr |
| 0.86 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.86 | SQNS | Sequans Communications | PairCorr |
| 0.86 | BBAI | BigBearai Holdings | PairCorr |
| 0.85 | AMZN | Amazon Inc | PairCorr |
| 0.85 | DRI | Darden Restaurants | PairCorr |
| 0.85 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.84 | GOOG | Alphabet Class C | PairCorr |
| 0.79 | APP | Applovin Corp | PairCorr |
| 0.76 | VSCO | Victorias Secret | PairCorr |
| 0.73 | AMPX | Amprius Technologies | PairCorr |
| 0.72 | AAPL | Apple Inc | PairCorr |
| 0.72 | TM | Toyota Motor | PairCorr |
| 0.71 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.69 | DJCO | Daily Journal Corp | PairCorr |
| 0.69 | MTZ | MasTec Inc | PairCorr |
| 0.67 | TNXP | Tonix Pharmaceuticals | PairCorr |
| 0.62 | ENLT | Enlight Renewable Energy | PairCorr |
| 0.61 | WIMI | WiMi Hologram Cloud | PairCorr |
| 0.57 | META | Meta Platforms | PairCorr |
| 0.56 | ORN | Orion Group Holdings | PairCorr |
| 0.56 | BL | Blackline | PairCorr |
| 0.56 | ENIC | Enel Chile SA | PairCorr |
| 0.49 | TSM | Taiwan Semiconductor Earnings Call Tomorrow | PairCorr |
| 0.48 | NITO | N2OFF Inc Symbol Change | PairCorr |
| 0.4 | MSFT | Microsoft | PairCorr |
| 0.91 | KC | Kingsoft Cloud Holdings | PairCorr |
| 0.88 | PLTR | Palantir Technologies | PairCorr |
| 0.87 | PHR | Phreesia | PairCorr |
| 0.85 | KULR | KULR Technology Group | PairCorr |
| 0.83 | V | Visa Class A | PairCorr |
| 0.81 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.79 | QSI | QuantumSi Buyout Trend | PairCorr |
| 0.79 | CRWD | Crowdstrike Holdings | PairCorr |
| 0.79 | KODK | Eastman Kodak | PairCorr |
| 0.78 | MFDB | Mutual Federal Bancorp | PairCorr |
| 0.77 | CISO | Cerberus Cyber Sentinel | PairCorr |
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 Associated Preferred Stock performing well and Associated Banc 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 Associated Banc'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRKS | 1.49 | 0.19 | 0.09 | 0.14 | 1.80 | 3.13 | 11.64 | |||
| ANPDY | 1.98 | (0.31) | 0.00 | (1.08) | 0.00 | 3.61 | 16.61 | |||
| PKE | 1.50 | 0.13 | 0.08 | 0.07 | 1.51 | 2.63 | 13.87 | |||
| CRESY | 2.36 | 0.65 | 0.25 | 0.70 | 2.07 | 5.94 | 14.95 | |||
| LPL | 1.63 | (0.24) | 0.00 | (1.97) | 0.00 | 2.43 | 10.87 | |||
| SONO | 1.81 | 0.32 | 0.14 | 0.35 | 2.08 | 3.78 | 11.24 | |||
| JDDSF | 1.12 | (0.41) | 0.00 | 3.17 | 0.00 | 0.00 | 29.30 | |||
| GFF | 1.78 | 0.17 | 0.08 | 0.11 | 1.92 | 2.88 | 22.89 |
Associated Banc Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Associated Banc preferred stock to make a market-neutral strategy. Peer analysis of Associated Banc could also be used in its relative valuation, which is a method of valuing Associated Banc by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |