Citizens Bancorp Correlations

CBTN Stock  USD 25.00  0.50  2.04%   
The current 90-days correlation between Citizens Bancorp Inv and PSB Holdings is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Citizens Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citizens Bancorp Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Citizens Bancorp Correlation With Market

Significant diversification

The correlation between Citizens Bancorp Investment and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citizens Bancorp Investment and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Citizens Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citizens Bancorp 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 Citizens Bancorp - 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 Citizens Bancorp Investment to buy it.

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Related Correlations Analysis

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Be your own money manager

Our tools can tell you how much better you can do entering a position in Citizens Bancorp 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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Citizens Bancorp Corporate Management

Elected by the shareholders, the Citizens Bancorp's board of directors comprises two types of representatives: Citizens Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Citizens. The board's role is to monitor Citizens Bancorp's management team and ensure that shareholders' interests are well served. Citizens Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Citizens Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.