Cadence Bancorp Correlations

CADE Stock

USD 44.25 1.03 2.38%

The current 90-days correlation between Cadence Bancorp and Commerce Bancshares is 0.78 (i.e., Poor diversification). The correlation of Cadence 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.

Cadence Bancorp Correlation With Market

Very weak diversification

The correlation between Cadence Bancorp and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cadence Bancorp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadence Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

For information on how to trade Cadence Stock refer to our How to Trade Cadence Stock guide.

Moving together with Cadence Stock

0.85	BIRG	Bank of Ireland	Pair Corr
0.89	EBMT	Eagle Bancorp Montana	Pair Corr
0.91	FCAP	First Capital	Pair Corr
0.82	FFBC	First Financial Bancorp	Pair Corr
0.94	BOH	Bank of Hawaii	Pair Corr
0.94	CAC	Camden National	Pair Corr
0.89	MPB	Mid Penn Bancorp	Pair Corr
0.91	PFS	Provident Financial	Pair Corr
0.95	TFC	Truist Financial Corp	Pair Corr
0.78	WAL	Western Alliance Ban	Pair Corr
0.86	GSBC	Great Southern Bancorp	Pair Corr
0.9	HBAN	Huntington Bancshares	Pair Corr
0.84	HOMB	Home BancShares	Pair Corr
0.91	HTBK	Heritage Commerce Corp	Pair Corr
0.83	IBCP	Independent Bank	Pair Corr
0.74	601187	Xiamen Bank	Pair Corr
0.75	LSBK	Lake Shore Bancorp	Pair Corr
0.72	MCBS	MetroCity Bankshares	Pair Corr
0.82	ORRF	Orrstown Financial	Pair Corr
0.84	VBNK	VersaBank	Pair Corr
0.84	PNBK	Patriot National Bancorp	Pair Corr
0.92	PNFP	Pinnacle Financial	Pair Corr
0.87	QCRH	QCR Holdings	Pair Corr
0.7	RMBI	Richmond Mutual Banc	Pair Corr
0.88	AFBI	Affinity Bancshares	Pair Corr
0.85	SBFG	SB Financial Group	Pair Corr
0.92	SMBC	Southern Missouri Bancorp	Pair Corr
0.82	SPFI	South Plains Financial	Pair Corr
0.69	BCAL	Southern California	Pair Corr
0.95	BOKF	BOK Financial	Pair Corr

Moving against Cadence Stock

0.83	601658	Postal Savings Bank	Pair Corr
0.76	LDI	Loandepot	Pair Corr
0.79	601665	Qilu Bank	Pair Corr
0.5	SFBC	Sound Financial Bancorp	Pair Corr
0.88	CMWCF	Cromwell Property	Pair Corr
0.48	BYFC	Broadway Financial	Pair Corr
0.36	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	CBSH	BOKF	PNFP	SNV	PB	VLY	CFR	COLB	BPOP
CBSH		0.57	0.53	0.48	0.26	0.23	0.66	0.2	0.83	CBSH
BOKF	0.57		0.96	0.93	0.86	0.86	0.91	0.84	0.8	BOKF
PNFP	0.53	0.96		0.96	0.88	0.85	0.88	0.85	0.77	PNFP
SNV	0.48	0.93	0.96		0.83	0.82	0.82	0.8	0.74	SNV
PB	0.26	0.86	0.88	0.83		0.91	0.74	0.97	0.5	PB
VLY	0.23	0.86	0.85	0.82	0.91		0.78	0.95	0.52	VLY
CFR	0.66	0.91	0.88	0.82	0.74	0.78		0.73	0.84	CFR
COLB	0.2	0.84	0.85	0.8	0.97	0.95	0.73		0.45	COLB
BPOP	0.83	0.8	0.77	0.74	0.5	0.52	0.84	0.45		BPOP
	CBSH	BOKF	PNFP	SNV	PB	VLY	CFR	COLB	BPOP

Risk-Adjusted Indicators

There is a big difference between Cadence Stock performing well and Cadence 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 Cadence 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
CBSH	1.03	(0.15)	0.00	(0.08)	0.00	0.00	2.38	(3.26)	9.69
BOKF	1.25	0.03	0.03	0.09	1.78	(1.32)	2.97	(3.12)	7.62
PNFP	1.32	(0.04)	0.00	0.05	1.95	(1.32)	2.87	(2.64)	9.66
SNV	1.31	0.04	(0.01)	0.42	1.99	(1.29)	2.93	(2.49)	9.63
PB	1.07	0.01	0.01	0.08	1.31	(1.19)	2.60	(2.06)	7.27
VLY	1.28	0.08	0.05	0.12	2.01	(1.23)	3.28	(2.90)	9.79
CFR	1.04	0.02	0.02	0.09	1.36	(1.09)	2.93	(1.63)	7.78
COLB	1.41	0.07	0.06	0.12	1.84	(1.55)	3.59	(2.26)	11.93
BPOP	1.28	(0.04)	(0.01)	0.04	2.04	(1.20)	2.67	(3.34)	8.67

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