Cathay General Correlations

CATY Stock

USD 48.33 0.39 0.81%

The current 90-days correlation between Cathay General Bancorp and Glacier Bancorp is 0.07 (i.e., Significant diversification). The correlation of Cathay General 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Cathay General Correlation With Market

Poor diversification

The correlation between Cathay General Bancorp and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cathay General Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cathay General 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 estimate.

Moving together with Cathay Stock

0.76	MBCN	Middlefield Banc Earnings Call This Week	Pair Corr
0.85	MBWM	Mercantile Bank Fiscal Year End 21st of January 2025	Pair Corr
0.97	MCBS	MetroCity Bankshares Earnings Call Tomorrow	Pair Corr
0.89	AX	Axos Financial	Pair Corr
0.98	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.97	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.94	RF	Regions Financial	Pair Corr
0.61	VABK	Virginia National Earnings Call This Week	Pair Corr
0.72	VBNK	VersaBank	Pair Corr
0.89	VBTX	Veritex Holdings Earnings Call Tomorrow	Pair Corr
0.93	MOFG	MidWestOne Financial Earnings Call This Week	Pair Corr
0.61	MRBK	Meridian Bank Earnings Call This Week	Pair Corr
0.95	MSBI	Midland States Bancorp Earnings Call This Week	Pair Corr
0.88	MVBF	MVB Financial Corp	Pair Corr
0.66	MYFW	First Western Financial Earnings Call This Week	Pair Corr
0.63	EBMT	Eagle Bancorp Montana Earnings Call Tomorrow	Pair Corr

Moving against Cathay Stock

0.46	VBFC	Village Bank Earnings Call This Week	Pair Corr
0.63	MBINO	Merchants Bancorp	Pair Corr

Related Correlations Analysis

	GBCI	CFFN	BY	FFIN	CWBC	HFWA	HMNF	FFNW	BSRR
GBCI		0.82	0.87	0.87	0.85	0.92	0.0	0.29	0.91	GBCI
CFFN	0.82		0.68	0.85	0.68	0.64	0.0	0.65	0.81	CFFN
BY	0.87	0.68		0.85	0.84	0.89	0.0	0.2	0.85	BY
FFIN	0.87	0.85	0.85		0.85	0.81	0.0	0.51	0.91	FFIN
CWBC	0.85	0.68	0.84	0.85		0.83	0.0	0.33	0.78	CWBC
HFWA	0.92	0.64	0.89	0.81	0.83		0.0	0.01	0.92	HFWA
HMNF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HMNF
FFNW	0.29	0.65	0.2	0.51	0.33	0.01	0.0		0.29	FFNW
BSRR	0.91	0.81	0.85	0.91	0.78	0.92	0.0	0.29		BSRR
	GBCI	CFFN	BY	FFIN	CWBC	HFWA	HMNF	FFNW	BSRR

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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

HFWA	+ 0.92	GBCI
BSRR	+ 0.92	HFWA
BSRR	+ 0.91	GBCI
BSRR	+ 0.91	FFIN
HFWA	+ 0.89	BY
BY	+ 0.87	GBCI

High negative correlations

BSRR	- 0.0	HMNF
FFNW	- 0.0	HMNF
HMNF	- 0.0	HFWA
HMNF	- 0.0	CWBC
HMNF	- 0.0	FFIN
HMNF	- 0.0	BY

Risk-Adjusted Indicators

There is a big difference between Cathay Stock performing well and Cathay General 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 Cathay General'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
GBCI	1.62	0.14	0.06	0.24	1.83	(1.72)	3.88	(3.01)	16.78
CFFN	1.46	(0.02)	0.00	(0.04)	0.00	0.00	2.99	(3.00)	16.58
BY	1.48	0.15	0.09	0.09	1.54	(1.82)	2.84	(2.72)	21.89
FFIN	1.55	(0.01)	(0.01)	0.01	1.94	(1.67)	3.22	(3.42)	20.57
CWBC	1.10	0.03	0.02	0.08	1.33	(1.19)	2.53	(2.11)	11.26
HFWA	1.51	0.20	0.09	0.36	1.81	(1.53)	2.80	(3.06)	21.63
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FFNW	0.75	(0.13)	0.00	(0.49)	0.00	0.00	1.36	(1.69)	4.32
BSRR	1.85	0.09	0.03	0.19	2.47	(2.08)	3.61	(3.33)	26.66

Cathay General Corporate Management

May Chan	General VP	Profile
Thomas Lo	Executive Officer	Profile
Georgia Lo	Assistant Relations	Profile
Weston Barkwill	Chief Auditor	Profile

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