CB Financial Correlations

CBFV Stock

USD 36.83 0.09 0.24%

The current 90-days correlation between CB Financial Services and Ohio Valley Banc is 0.31 (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

Poor diversification

The correlation between CB Financial Services and DJI is 0.6 (i.e., Poor 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.

Build AI portfolio with CBFV Stock

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 price.

Moving together with CBFV Stock

0.64	AX	Axos Financial	Pair Corr
0.71	VABK	Virginia National	Pair Corr
0.74	ASB	Associated Banc Corp	Pair Corr
0.83	CPF	Central Pacific Financial	Pair Corr
0.73	HWC	Hancock Whitney Corp	Pair Corr
0.63	FUNC	First United	Pair Corr
0.72	FVCB	FVCBankcorp	Pair Corr
0.71	MCB	Metropolitan Bank Holding	Pair Corr
0.71	MTB	MT Bank	Pair Corr
0.8	WBS	Webster Financial	Pair Corr
0.79	HFWA	Heritage Financial	Pair Corr
0.72	HWBK	Hawthorn Bancshares	Pair Corr
0.72	IBOC	International Bancshares	Pair Corr
0.79	ISTR	Investar Holding Corp	Pair Corr
0.76	LCNB	LCNB	Pair Corr
0.7	OVLY	Oak Valley Bancorp	Pair Corr
0.64	VBNK	VersaBank	Pair Corr
0.73	AROW	Arrow Financial	Pair Corr
0.68	TCBI	Texas Capital Bancshares	Pair Corr
0.67	BPRN	Bank Of Princeton	Pair Corr
0.74	TFSL	TFS Financial	Pair Corr
0.79	BWFG	Bankwell Financial	Pair Corr
0.76	CFFI	CF Financial	Pair Corr

Moving against CBFV Stock

0.63

3YB

Postal Savings Bank

Pair Corr

Related Correlations Analysis

	OVBC	UBFO	CZWI	HNVR	INBK	CFBK	BVFL	MRBK	PEBK
OVBC		0.37	0.45	0.66	0.81	0.23	0.91	0.36	0.42	OVBC
UBFO	0.37		0.86	0.5	0.42	0.94	0.43	0.96	0.78	UBFO
CZWI	0.45	0.86		0.71	0.47	0.77	0.45	0.91	0.93	CZWI
HNVR	0.66	0.5	0.71		0.8	0.33	0.63	0.55	0.69	HNVR
INBK	0.81	0.42	0.47	0.8		0.31	0.81	0.41	0.48	INBK
CFBK	0.23	0.94	0.77	0.33	0.31		0.29	0.93	0.71	CFBK
BVFL	0.91	0.43	0.45	0.63	0.81	0.29		0.39	0.42	BVFL
MRBK	0.36	0.96	0.91	0.55	0.41	0.93	0.39		0.88	MRBK
PEBK	0.42	0.78	0.93	0.69	0.48	0.71	0.42	0.88		PEBK
	OVBC	UBFO	CZWI	HNVR	INBK	CFBK	BVFL	MRBK	PEBK

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OVBC	0.95	0.29	0.30	2.02	0.39	(1.32)	3.03	(1.13)	9.11
UBFO	1.02	0.23	0.23	0.44	0.62	(1.34)	3.25	(1.42)	5.92
CZWI	0.99	0.21	0.16	0.46	0.77	(1.19)	2.17	(1.73)	7.54
HNVR	0.87	0.01	(0.01)	0.07	0.98	(1.12)	2.33	(1.48)	8.78
INBK	2.27	0.24	0.09	0.46	2.17	(2.76)	5.41	(4.39)	15.47
CFBK	1.36	0.53	0.37	0.99	0.67	(1.67)	4.96	(1.73)	9.61
BVFL	1.15	0.22	0.12	0.67	1.34	(1.26)	2.87	(2.59)	9.13
MRBK	1.33	0.53	0.46	0.69	0.52	(1.80)	4.17	(1.41)	9.88
PEBK	1.17	0.44	0.38	0.84	0.46	(1.43)	2.93	(1.40)	5.82

CB Financial Corporate Management

Ralph Burchianti	Executive VP of Credit Admin.	Profile
Richard Boyer	Senior Operations	Profile
Matthew Lawrence	Sr Controller	Profile
Bruce Sharp	Executive Officer	Profile
Jamie CPA	CFO VP	Profile

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