CNB Financial Correlations

CBFC Stock

USD 45.00 0.00 0.00%

The current 90-days correlation between CNB Financial Services and Tennessee Valley Financial is -0.13 (i.e., Good diversification). The correlation of CNB Financial 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.

CNB Financial Correlation With Market

Good diversification

The correlation between CNB Financial Services and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CNB Financial Services and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CNB Pink Sheet

0.78	CIHKY	China Merchants Bank	Pair Corr
0.77	CIHHF	China Merchants Bank	Pair Corr
0.81	BBDC4	Banco Bradesco SA	Pair Corr
0.71	MFG	Mizuho Financial	Pair Corr
0.81	HYMTF	Hyundai Motor	Pair Corr
0.62	EGP	EastGroup Properties	Pair Corr
0.82	CX	Cemex SAB de Aggressive Push	Pair Corr
0.63	HL	Hecla Mining Aggressive Push	Pair Corr
0.78	APGE	Apogee Therapeutics,	Pair Corr
0.83	RLMD	Relmada Therapeutics	Pair Corr
0.8	GM	General Motors	Pair Corr

Moving against CNB Pink Sheet

0.79	USB-PH	US Bancorp	Pair Corr
0.52	IBN	ICICI Bank Limited	Pair Corr
0.4	TKURF	Tokyu REIT	Pair Corr
0.6	SWRM	Appswarm	Pair Corr
0.43	26442TAG2	US26442TAG22	Pair Corr
0.42	WOLF	Wolfspeed,	Pair Corr

Related Correlations Analysis

	EBSH	TVLF	CTYP	HRBK	TCNB	TDCB	ASCN	AAMAF	CCYY	LNMG
EBSH		-0.39	-0.4	0.63	-0.02	-0.08	0.04	0.0	-0.48	0.42	EBSH
TVLF	-0.39		0.28	-0.5	-0.29	0.27	0.0	0.0	0.34	-0.51	TVLF
CTYP	-0.4	0.28		-0.6	-0.22	0.41	0.56	0.0	0.86	-0.39	CTYP
HRBK	0.63	-0.5	-0.6		0.28	-0.41	-0.11	0.0	-0.65	0.56	HRBK
TCNB	-0.02	-0.29	-0.22	0.28		-0.23	-0.25	0.0	-0.21	0.36	TCNB
TDCB	-0.08	0.27	0.41	-0.41	-0.23		0.14	0.0	0.23	-0.39	TDCB
ASCN	0.04	0.0	0.56	-0.11	-0.25	0.14		0.0	0.37	-0.29	ASCN
AAMAF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AAMAF
CCYY	-0.48	0.34	0.86	-0.65	-0.21	0.23	0.37	0.0		-0.31	CCYY
LNMG	0.42	-0.51	-0.39	0.56	0.36	-0.39	-0.29	0.0	-0.31		LNMG
	EBSH	TVLF	CTYP	HRBK	TCNB	TDCB	ASCN	AAMAF	CCYY	LNMG

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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

CCYY	+ 0.86	CTYP
HRBK	+ 0.63	EBSH
ASCN	+ 0.56	CTYP
LNMG	+ 0.56	HRBK
LNMG	+ 0.42	EBSH
TDCB	+ 0.41	CTYP

High negative correlations

CCYY	- 0.65	HRBK
HRBK	- 0.6	CTYP
LNMG	- 0.51	TVLF
HRBK	- 0.5	TVLF
CCYY	- 0.48	EBSH
TDCB	- 0.41	HRBK

Risk-Adjusted Indicators

There is a big difference between CNB Pink Sheet performing well and CNB Financial 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 CNB Financial'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
EBSH	0.02	(0.01)	0.00	(4.35)	0.00	0.00	0.00	0.00	0.26
TVLF	0.39	0.03	0.00	0.18	0.00	0.00	0.12	0.00	15.18
CTYP	1.47	0.40	0.09	2.04	1.49	(2.62)	5.45	(3.69)	13.85
HRBK	0.83	(0.32)	0.00	(0.67)	0.00	0.00	1.60	(5.00)	9.91
TCNB	0.31	(0.01)	(0.06)	(0.08)	0.52	(1.04)	1.51	(1.15)	4.64
TDCB	0.88	0.04	(0.01)	0.26	1.17	(1.39)	2.72	(2.65)	8.60
ASCN	0.72	0.02	(0.01)	0.19	2.00	(2.18)	1.02	(1.01)	15.56
AAMAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CCYY	1.26	0.42	0.12	(7.53)	0.88	(2.84)	3.13	(2.10)	21.33
LNMG	7.49	1.95	0.09	1.10	6.61	(43.28)	40.91	(14.67)	99.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in CNB Financial 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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