Commerce Bancshares Correlations

CBSH Stock

USD 65.74 0.70 1.05%

The current 90-days correlation between Commerce Bancshares and BOK Financial is 0.82 (i.e., Very poor diversification). The correlation of Commerce Bancshares 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.

Commerce Bancshares Correlation With Market

Weak diversification

The correlation between Commerce Bancshares and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commerce Bancshares 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 Commerce Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more detail on how to invest in Commerce Stock please use our How to Invest in Commerce Bancshares guide.

Moving together with Commerce Stock

0.8	AX	Axos Financial	Pair Corr
0.87	BY	Byline Bancorp	Pair Corr
0.64	KB	KB Financial Group	Pair Corr
0.69	NU	Nu Holdings	Pair Corr
0.96	PB	Prosperity Bancshares	Pair Corr
0.88	RF	Regions Financial Earnings Call This Week	Pair Corr
0.78	WF	Woori Financial Group	Pair Corr
0.67	VABK	Virginia National	Pair Corr
0.76	VBNK	VersaBank	Pair Corr
0.78	VBTX	Veritex Holdings	Pair Corr
0.88	TFC-PI	Truist Financial	Pair Corr
0.77	TFC-PO	Truist Financial	Pair Corr
0.68	TFC-PR	Truist Financial	Pair Corr
0.78	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.75	CFG-PE	Citizens Financial	Pair Corr
0.61	CFG-PH	Citizens Financial Group,	Pair Corr
0.83	EFSC	Enterprise Financial	Pair Corr
0.79	EGBN	Eagle Bancorp	Pair Corr
0.82	KEY-PJ	KeyCorp	Pair Corr
0.84	KEY-PK	KeyCorp	Pair Corr
0.65	KEY-PL	KeyCorp	Pair Corr
0.73	WABC	Westamerica Bancorporation	Pair Corr
0.86	WASH	Washington Trust Bancorp	Pair Corr
0.92	EQBK	Equity Bancshares,	Pair Corr
0.61	EVBN	Evans Bancorp	Pair Corr
0.93	WMPN	William Penn Bancorp	Pair Corr

Moving against Commerce Stock

0.64

VBFC

Village Bank

Pair Corr

Related Correlations Analysis

	BOKF	TCBI	UBSI	PB	BANF	FFIN	UMBF	BFST	NBTB	FISI
BOKF		0.93	0.93	0.87	0.93	0.93	0.89	0.81	0.79	0.09	BOKF
TCBI	0.93		0.95	0.88	0.89	0.95	0.79	0.88	0.75	0.13	TCBI
UBSI	0.93	0.95		0.89	0.87	0.99	0.88	0.88	0.77	0.04	UBSI
PB	0.87	0.88	0.89		0.82	0.9	0.87	0.87	0.58	0.1	PB
BANF	0.93	0.89	0.87	0.82		0.87	0.83	0.84	0.87	0.25	BANF
FFIN	0.93	0.95	0.99	0.9	0.87		0.87	0.9	0.75	0.08	FFIN
UMBF	0.89	0.79	0.88	0.87	0.83	0.87		0.76	0.67	-0.04	UMBF
BFST	0.81	0.88	0.88	0.87	0.84	0.9	0.76		0.72	0.27	BFST
NBTB	0.79	0.75	0.77	0.58	0.87	0.75	0.67	0.72		0.41	NBTB
FISI	0.09	0.13	0.04	0.1	0.25	0.08	-0.04	0.27	0.41		FISI
	BOKF	TCBI	UBSI	PB	BANF	FFIN	UMBF	BFST	NBTB	FISI

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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

FFIN	+ 0.99	UBSI
UBSI	+ 0.95	TCBI
FFIN	+ 0.95	TCBI
TCBI	+ 0.93	BOKF
UBSI	+ 0.93	BOKF
BANF	+ 0.93	BOKF

High negative correlations

FISI

- 0.04

UMBF

Risk-Adjusted Indicators

There is a big difference between Commerce Stock performing well and Commerce Bancshares 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 Commerce Bancshares' 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
BOKF	1.07	(0.05)	0.00	(0.06)	0.00	0.00	1.82	(2.19)	6.73
TCBI	1.46	(0.05)	0.00	(0.05)	0.00	0.00	3.11	(3.40)	10.01
UBSI	1.07	(0.13)	0.00	(0.16)	0.00	0.00	2.31	(2.49)	8.99
PB	0.95	(0.04)	0.00	(0.05)	0.00	0.00	2.34	(1.82)	6.64
BANF	1.24	(0.03)	0.00	(0.03)	0.00	0.00	2.68	(2.87)	8.20
FFIN	1.37	(0.15)	0.00	(0.16)	0.00	0.00	3.38	(2.14)	10.19
UMBF	1.21	(0.13)	0.00	(0.13)	0.00	0.00	2.52	(2.39)	9.15
BFST	1.37	(0.08)	0.00	(0.08)	0.00	0.00	2.48	(2.80)	10.71
NBTB	1.21	(0.03)	0.00	(0.04)	0.00	0.00	2.27	(2.79)	8.11
FISI	1.31	0.13	0.08	0.18	1.45	(1.44)	3.41	(2.25)	11.28

Commerce Bancshares Corporate Management

Margaret Rowe	General Secretary	Profile
Paul Steiner	Chief Accounting Officer, Controller	Profile
Thomas Noack	Sec VP	Profile
Matthew Burkemper	Corporate Finance	Profile

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