CB Financial Correlations

Stocks . USA . 
Stock . CB Financial Services
CBFV Stock  USD 30.11  0.11  0.37%   
The current 90-days correlation between CB Financial Services and Fifth Third Bancorp is 0.33 (i.e., Weak diversification). The correlation of CB 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. If the correlation is 0, the equities are not correlated; they are entirely random.

CB Financial Correlation With Market

Weak diversification

The correlation between CB Financial Services and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CB Financial Services 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 CB Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with CBFV Stock

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  0.77VBNK VersaBank Fiscal Year End 11th of December 2024 PairCorr
  0.83VBTX Veritex Holdings Normal TradingPairCorr
  0.71TECTP Tectonic FinancialPairCorr
  0.84EBMT Eagle Bancorp Montana Fiscal Year End 28th of January 2025 PairCorr
  0.77EBTC Enterprise BancorpPairCorr
  0.8ECBK ECB BancorpPairCorr
  0.69CFG-PH Citizens Financial Group,PairCorr
  0.64EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.78EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.74KEY-PJ KeyCorpPairCorr
  0.82KEY-PK KeyCorpPairCorr
  0.81KEY-PL KeyCorpPairCorr
  0.69WASH Washington Trust Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.75EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.78ESSA ESSA BancorpPairCorr
  0.82EVBN Evans BancorpPairCorr
  0.73EWBC East West Bancorp Fiscal Year End 28th of January 2025 PairCorr
  0.85WSBCP WesBancoPairCorr
  0.75WMPN William Penn BancorpPairCorr

Moving against CBFV Stock

  0.46WF Woori Financial GroupPairCorr
  0.73FRCIL First Republic BankPairCorr
  0.64FRCHL First Republic BankPairCorr
  0.63FRCCL First Republic BankPairCorr
  0.63FRCKL First Republic BankPairCorr
  0.34WBBW Westbury BancorpPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between CBFV Stock performing well and CB 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 CB 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.

CB Financial Corporate Management

Ralph BurchiantiExecutive VP of Credit Admin.Profile
Richard BoyerSenior OperationsProfile
Matthew LawrenceSr ControllerProfile
Linda AndrewsSr ControllerProfile
Bruce SharpExecutive OfficerProfile
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