Community Bank Correlations

CBU Stock

USD 59.08 0.21 0.35%

The current 90-days correlation between Community Bank System and WesBanco is -0.02 (i.e., Good 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 weak diversification

The correlation between Community Bank System and DJI is 0.5 (i.e., Very weak 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

0.94	AX	Axos Financial	Pair Corr
0.88	BY	Byline Bancorp	Pair Corr
0.69	PB	Prosperity Bancshares	Pair Corr
0.92	RF	Regions Financial	Pair Corr
0.8	VBNK	VersaBank	Pair Corr
0.81	EBMT	Eagle Bancorp Montana	Pair Corr
0.79	EFSC	Enterprise Financial	Pair Corr
0.78	EGBN	Eagle Bancorp	Pair Corr
0.77	WABC	Westamerica Bancorporation	Pair Corr
0.67	WAFD	Washington Federal	Pair Corr
0.89	WASH	Washington Trust Bancorp	Pair Corr
0.68	EQBK	Equity Bancshares,	Pair Corr
0.86	EWBC	East West Bancorp	Pair Corr
0.8	WNEB	Western New England	Pair Corr
0.78	WSBC	WesBanco	Pair Corr
0.77	WSFS	WSFS Financial	Pair Corr
0.84	WTFC	Wintrust Financial	Pair Corr
0.76	FBIZ	First Business Financial	Pair Corr
0.71	FBLA	FB Bancorp, Common	Pair Corr
0.88	FBNC	First Bancorp	Pair Corr
0.74	FCAP	First Capital	Pair Corr
0.91	FCBC	First Community Banc	Pair Corr
0.82	FCCO	First Community	Pair Corr
0.67	FDBC	Fidelity DD Bancorp	Pair Corr
0.93	FFBC	First Financial Bancorp	Pair Corr

Moving against Community Stock

0.44	601997	Bank of Guiyang	Pair Corr
0.34	601658	Postal Savings Bank	Pair Corr
0.35	FRMEP	First Merchants	Pair Corr

Related Correlations Analysis

	WSBC	TBBK	WSFS	FHB	BKU	RNST	CATY	FULT	FBK
WSBC		0.18	0.68	0.69	0.64	0.77	0.87	0.87	0.75	WSBC
TBBK	0.18		-0.25	-0.12	-0.39	0.44	0.08	0.13	0.29	TBBK
WSFS	0.68	-0.25		0.94	0.88	0.64	0.86	0.86	0.63	WSFS
FHB	0.69	-0.12	0.94		0.88	0.66	0.85	0.91	0.65	FHB
BKU	0.64	-0.39	0.88	0.88		0.4	0.77	0.76	0.58	BKU
RNST	0.77	0.44	0.64	0.66	0.4		0.85	0.82	0.8	RNST
CATY	0.87	0.08	0.86	0.85	0.77	0.85		0.93	0.83	CATY
FULT	0.87	0.13	0.86	0.91	0.76	0.82	0.93		0.74	FULT
FBK	0.75	0.29	0.63	0.65	0.58	0.8	0.83	0.74		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

FHB	+ 0.94	WSFS
FULT	+ 0.93	CATY
FULT	+ 0.91	FHB
BKU	+ 0.88	WSFS
BKU	+ 0.88	FHB
CATY	+ 0.87	WSBC

High negative correlations

BKU	- 0.39	TBBK
WSFS	- 0.25	TBBK
FHB	- 0.12	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	1.31	0.11	0.02	0.49	2.00	(1.34)	2.95	(2.73)	11.73
TBBK	1.83	(0.25)	0.00	(0.05)	0.00	0.00	4.29	(3.73)	20.56
WSFS	1.07	(0.01)	0.00	0.06	1.62	(1.05)	2.40	(1.84)	8.47
FHB	1.12	0.00	0.01	0.07	1.47	(1.22)	2.72	(2.46)	8.02
BKU	1.29	0.18	0.09	0.21	1.96	(1.42)	2.75	(1.76)	12.01
RNST	1.09	(0.12)	0.00	(0.03)	0.00	0.00	2.49	(3.57)	10.16
CATY	1.14	(0.01)	0.00	0.06	1.90	(1.18)	3.14	(2.03)	10.95
FULT	1.28	0.02	0.03	0.08	1.79	(1.37)	3.23	(2.80)	8.48
FBK	1.22	(0.02)	0.00	0.06	2.22	(1.15)	2.60	(2.98)	12.52

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC