Community Bank Correlations

CBU Stock

USD 66.39 1.00 1.53%

The current 90-days correlation between Community Bank System and WesBanco is 0.83 (i.e., Very poor diversification). The correlation of Community Bank 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.

Community Bank Correlation With Market

Very poor diversification

The correlation between Community Bank System and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Community Bank System and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Community Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Community Bank System. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Community Stock

0.85	BIRG	Bank of Ireland	Pair Corr
0.96	AX	Axos Financial	Pair Corr
0.86	FFIN	First Financial Bank Normal Trading	Pair Corr
0.93	ASB	Associated Banc Corp Normal Trading	Pair Corr
0.91	CPF	Central Pacific Financial	Pair Corr
0.73	FSFG	First Savings Financial Earnings Call This Week	Pair Corr
0.97	HWC	Hancock Whitney Corp	Pair Corr
0.66	FUNC	First United Earnings Call This Week	Pair Corr
0.94	FVCB	FVCBankcorp	Pair Corr
0.76	WBCPM	Westpac Banking	Pair Corr
0.94	MCB	Metropolitan Bank Holding	Pair Corr
0.96	MTB	MT Bank	Pair Corr
0.93	WBS	Webster Financial	Pair Corr
0.93	HFWA	Heritage Financial Normal Trading	Pair Corr
0.84	IBOC	International Bancshares	Pair Corr
0.95	ISTR	Investar Holding Corp	Pair Corr
0.89	LCNB	LCNB	Pair Corr
0.92	OVLY	Oak Valley Bancorp	Pair Corr
0.73	MBLPD	Macquarie Bank	Pair Corr
0.89	VBNK	VersaBank	Pair Corr
0.85	BFL	BSP Financial Group	Pair Corr
0.93	SFBS	ServisFirst Bancshares	Pair Corr
0.95	AROW	Arrow Financial	Pair Corr
0.97	TCBI	Texas Capital Bancshares	Pair Corr
0.89	BPRN	Bank Of Princeton	Pair Corr
0.82	TFSL	TFS Financial	Pair Corr
0.83	BWFG	Bankwell Financial	Pair Corr
0.74	CADE	Cadence Bancorp	Pair Corr
0.74	CFFI	CF Financial	Pair Corr

Moving against Community Stock

0.77	3YB	Postal Savings Bank	Pair Corr
0.38	BBC	BNK Banking	Pair Corr
0.39	BKLRF	Berkeley Energy	Pair Corr
0.32	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	WSBC	TBBK	WSFS	FHB	BKU	RNST	CATY	FULT	FBK
WSBC		0.46	0.8	0.92	0.96	0.93	0.97	0.98	0.91	WSBC
TBBK	0.46		-0.09	0.62	0.41	0.22	0.41	0.4	0.46	TBBK
WSFS	0.8	-0.09		0.65	0.8	0.91	0.8	0.83	0.7	WSFS
FHB	0.92	0.62	0.65		0.93	0.83	0.89	0.91	0.87	FHB
BKU	0.96	0.41	0.8	0.93		0.93	0.96	0.95	0.92	BKU
RNST	0.93	0.22	0.91	0.83	0.93		0.94	0.94	0.88	RNST
CATY	0.97	0.41	0.8	0.89	0.96	0.94		0.95	0.93	CATY
FULT	0.98	0.4	0.83	0.91	0.95	0.94	0.95		0.88	FULT
FBK	0.91	0.46	0.7	0.87	0.92	0.88	0.93	0.88		FBK
	WSBC	TBBK	WSFS	FHB	BKU	RNST	CATY	FULT	FBK

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

FULT	+ 0.98	WSBC
CATY	+ 0.97	WSBC
BKU	+ 0.96	WSBC
CATY	+ 0.96	BKU
FULT	+ 0.95	BKU
FULT	+ 0.95	CATY

High negative correlations

WSFS

- 0.09

TBBK

Risk-Adjusted Indicators

There is a big difference between Community Stock performing well and Community Bank 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 Community Bank'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
WSBC	1.25	0.27	0.17	0.34	1.27	(1.44)	2.95	(1.68)	9.48
TBBK	1.78	(0.15)	(0.02)	0.01	3.41	(1.75)	4.57	(3.41)	20.77
WSFS	1.24	0.42	0.28	0.79	0.93	(1.48)	2.96	(1.40)	8.78
FHB	1.24	0.09	0.07	0.17	1.19	(1.50)	2.72	(2.12)	8.31
BKU	1.19	0.28	0.20	0.39	1.05	(1.49)	3.44	(1.47)	13.69
RNST	1.15	0.27	0.21	0.39	0.89	(1.36)	3.04	(1.72)	7.57
CATY	1.19	0.21	0.14	0.34	1.15	(1.41)	3.14	(1.80)	8.56
FULT	1.32	0.32	0.23	0.36	1.10	(1.56)	3.01	(1.65)	8.73
FBK	1.25	0.11	0.08	0.18	1.50	(1.42)	3.18	(1.62)	11.63

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