Coastal Financial Correlations

CCB Stock

USD 89.18 0.75 0.83%

The current 90-days correlation between Coastal Financial Corp and CrossFirst Bankshares is 0.74 (i.e., Poor diversification). The correlation of Coastal 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.

Coastal Financial Correlation With Market

Significant diversification

The correlation between Coastal Financial Corp and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coastal Financial Corp 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 Coastal Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Coastal Stock

0.71	TECTP	Tectonic Financial	Pair Corr
0.85	EBTC	Enterprise Bancorp	Pair Corr
0.83	BANC-PF	Banc of California	Pair Corr
0.78	WSBCP	WesBanco	Pair Corr

Moving against Coastal Stock

0.76	NU	Nu Holdings Aggressive Push	Pair Corr
0.72	CFG-PE	Citizens Financial	Pair Corr
0.69	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.68	TFC-PO	Truist Financial	Pair Corr
0.67	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.61	TFC-PR	Truist Financial	Pair Corr
0.56	EBMT	Eagle Bancorp Montana	Pair Corr
0.52	VABK	Virginia National	Pair Corr
0.47	VBNK	VersaBank Normal Trading	Pair Corr
0.46	ECBK	ECB Bancorp	Pair Corr
0.35	TFC-PI	Truist Financial	Pair Corr
0.34	CFG-PH	Citizens Financial Group,	Pair Corr
0.83	FRCIL	First Republic Bank	Pair Corr
0.79	WAFDP	Washington Federal	Pair Corr
0.77	FRCCL	First Republic Bank	Pair Corr
0.77	FRCHL	First Republic Bank	Pair Corr
0.66	KEY-PK	KeyCorp	Pair Corr
0.64	KEY-PJ	KeyCorp	Pair Corr
0.51	WASH	Washington Trust Bancorp	Pair Corr
0.5	WAFD	Washington Federal	Pair Corr
0.36	WMPN	William Penn Bancorp	Pair Corr

Related Correlations Analysis

	AFBI	OFED	HMNF	HFBL	HVBC	FBIZ	OPOF	CULL	PKBK	FCCO
AFBI		0.55	-0.45	-0.5	-0.25	0.36	-0.58	0.3	0.76	0.25	AFBI
OFED	0.55		-0.34	-0.59	-0.25	0.23	-0.94	0.36	0.66	-0.05	OFED
HMNF	-0.45	-0.34		0.37	0.4	0.01	0.46	-0.5	-0.38	0.24	HMNF
HFBL	-0.5	-0.59	0.37		0.12	-0.35	0.5	-0.19	-0.64	-0.18	HFBL
HVBC	-0.25	-0.25	0.4	0.12		0.51	0.22	-0.54	0.08	0.72	HVBC
FBIZ	0.36	0.23	0.01	-0.35	0.51		-0.16	-0.29	0.77	0.78	FBIZ
OPOF	-0.58	-0.94	0.46	0.5	0.22	-0.16		-0.38	-0.61	0.09	OPOF
CULL	0.3	0.36	-0.5	-0.19	-0.54	-0.29	-0.38		0.15	-0.45	CULL
PKBK	0.76	0.66	-0.38	-0.64	0.08	0.77	-0.61	0.15		0.51	PKBK
FCCO	0.25	-0.05	0.24	-0.18	0.72	0.78	0.09	-0.45	0.51		FCCO
	AFBI	OFED	HMNF	HFBL	HVBC	FBIZ	OPOF	CULL	PKBK	FCCO

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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

FCCO	+ 0.78	FBIZ
PKBK	+ 0.77	FBIZ
PKBK	+ 0.76	AFBI
FCCO	+ 0.72	HVBC
PKBK	+ 0.66	OFED
OFED	+ 0.55	AFBI

High negative correlations

OPOF	- 0.94	OFED
PKBK	- 0.64	HFBL
PKBK	- 0.61	OPOF
HFBL	- 0.59	OFED
OPOF	- 0.58	AFBI
CULL	- 0.54	HVBC

Risk-Adjusted Indicators

There is a big difference between Coastal Stock performing well and Coastal 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 Coastal 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
AFBI	0.96	(0.22)	0.00	(0.63)	0.00	0.00	2.48	(1.63)	22.47
OFED	2.13	(0.27)	0.00	(0.85)	0.00	0.00	3.48	(5.28)	12.66
HMNF	1.88	0.44	0.13	(0.82)	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.48	0.08	(0.01)	(0.16)	2.08	(2.18)	5.67	(4.53)	13.83
HVBC	1.51	0.34	0.09	43.04	2.03	(1.59)	2.68	(4.11)	18.63
FBIZ	1.63	0.13	0.05	0.35	1.81	(1.87)	3.61	(3.61)	19.08
OPOF	1.12	0.33	0.13	4.62	1.36	(1.23)	3.17	(1.58)	11.44
CULL	0.51	(0.10)	0.00	0.50	0.00	0.00	1.18	(1.64)	4.73
PKBK	1.12	(0.07)	0.00	(0.12)	0.00	0.00	1.93	(2.30)	11.66
FCCO	1.21	0.16	0.07	0.41	1.35	(1.34)	3.05	(2.18)	10.09

Coastal Financial Corporate Management

Jeff CAMS	Executive Officer	Profile
Tarah Herger	Executive Manager	Profile
Bill Rhodes	Executive Executive	Profile
Tyler Ferguson	Executive CCBX	Profile
Laura Byers	Chief VP	Profile

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