Boyle Bancorp Correlations

BYLB Stock

USD 121.00 2.00 1.63%

The current 90-days correlation between Boyle Bancorp and University Bancorp is 0.26 (i.e., Modest diversification). The correlation of Boyle Bancorp 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.

Boyle Bancorp Correlation With Market

Poor diversification

The correlation between Boyle Bancorp and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boyle Bancorp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Boyle Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boyle Bancorp 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 Boyle Bancorp - 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 Boyle Bancorp to buy it.

Moving together with Boyle Pink Sheet

0.74	CIHHF	China Merchants Bank	Pair Corr
0.7	FITBP	Fifth Third Bancorp	Pair Corr
0.81	BBDC4	Banco Bradesco SA	Pair Corr
0.85	MFG	Mizuho Financial	Pair Corr
0.72	BBAS3	Banco do Brasil	Pair Corr
0.86	ITUB	Itau Unibanco Banco Aggressive Push	Pair Corr
0.87	PNC	PNC Financial Services Sell-off Trend	Pair Corr
0.61	NNBR	NN Inc	Pair Corr
0.65	FRFFF	Fairfax Financial	Pair Corr
0.67	MEGI	MainStay CBRE Global Normal Trading	Pair Corr
0.83	FRSB	First Resource Bank	Pair Corr
0.67	GRBK	Green Brick Partners	Pair Corr
0.7	LAND	Gladstone Land	Pair Corr
0.91	TOGOF	TomaGold	Pair Corr
0.71	GS	Goldman Sachs Group	Pair Corr
0.89	BNEFF	Bonterra Energy Corp	Pair Corr
0.62	MXCHY	Orbia Advance Corp	Pair Corr
0.62	UMAC	Unusual Machines	Pair Corr
0.79	JOE	St Joe Company	Pair Corr
0.82	MEEEF	Metal Energy Corp	Pair Corr
0.76	BBDO	Banco Bradesco SA	Pair Corr

Moving against Boyle Pink Sheet

0.74	HDB	HDFC Bank Limited	Pair Corr
0.7	ROBOF	RoboGroup TEK	Pair Corr
0.69	EQC	Equity Commonwealth	Pair Corr
0.67	CIHKY	China Merchants Bank	Pair Corr
0.58	CDIV	Cascadia Investments	Pair Corr
0.55	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	UNIB	WBBW	PBKC	CITZ	CCNB	SEBC	BEOB	FABP	KTHN	PPBN
UNIB		-0.09	0.68	0.51	0.87	0.82	0.84	0.67	0.92	0.67	UNIB
WBBW	-0.09		-0.34	0.65	-0.22	0.17	0.13	0.53	0.02	0.44	WBBW
PBKC	0.68	-0.34		0.09	0.88	0.53	0.43	0.33	0.77	0.25	PBKC
CITZ	0.51	0.65	0.09		0.26	0.61	0.58	0.86	0.53	0.76	CITZ
CCNB	0.87	-0.22	0.88	0.26		0.71	0.71	0.5	0.89	0.46	CCNB
SEBC	0.82	0.17	0.53	0.61	0.71		0.72	0.76	0.84	0.71	SEBC
BEOB	0.84	0.13	0.43	0.58	0.71	0.72		0.71	0.79	0.72	BEOB
FABP	0.67	0.53	0.33	0.86	0.5	0.76	0.71		0.76	0.88	FABP
KTHN	0.92	0.02	0.77	0.53	0.89	0.84	0.79	0.76		0.72	KTHN
PPBN	0.67	0.44	0.25	0.76	0.46	0.71	0.72	0.88	0.72		PPBN
	UNIB	WBBW	PBKC	CITZ	CCNB	SEBC	BEOB	FABP	KTHN	PPBN

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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

KTHN	+ 0.92	UNIB
KTHN	+ 0.89	CCNB
CCNB	+ 0.88	PBKC
PPBN	+ 0.88	FABP
CCNB	+ 0.87	UNIB
FABP	+ 0.86	CITZ

High negative correlations

PBKC	- 0.34	WBBW
CCNB	- 0.22	WBBW
WBBW	- 0.09	UNIB

Risk-Adjusted Indicators

There is a big difference between Boyle Pink Sheet performing well and Boyle Bancorp 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 Boyle Bancorp'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
UNIB	1.15	0.60	0.38	(1.46)	0.00	(2.35)	5.04	(1.03)	15.73
WBBW	0.26	0.03	0.00	0.51	0.00	0.00	0.29	0.00	10.55
PBKC	0.25	0.08	0.00	0.91	0.00	0.00	1.07	(0.34)	4.49
CITZ	0.34	0.12	0.00	0.74	0.00	0.00	0.24	0.00	7.88
CCNB	0.86	0.30	0.17	1.51	0.70	(1.30)	3.10	(1.05)	9.02
SEBC	0.96	0.15	0.04	0.48	1.17	(1.68)	2.02	(2.56)	13.25
BEOB	0.88	0.18	0.05	0.93	1.03	(2.00)	2.42	(1.85)	8.14
FABP	0.61	0.17	0.10	(0.95)	0.35	(1.04)	1.58	(1.05)	5.42
KTHN	0.70	0.30	0.20	1.70	0.19	(1.19)	2.69	(0.90)	6.45
PPBN	0.71	0.22	0.15	3.90	0.50	(1.21)	1.61	(1.07)	9.60

Be your own money manager

Our tools can tell you how much better you can do entering a position in Boyle Bancorp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Boyle Bancorp Corporate Management

William Gooch	Sec	Profile
Chris Sparrow	Treasurer	Profile
Gregory Caudill	Pres Director	Profile
Amy Isola	HR VP	Profile

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