CNB Financial Correlations

CCNE Stock

USD 27.09 1.08 3.83%

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

CNB Financial Correlation With Market

Poor diversification

The correlation between CNB Financial and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CNB Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CNB Stock

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

For information on how to trade CNB Stock refer to our How to Trade CNB Stock guide.

Moving together with CNB Stock

0.78	BIRG	Bank of Ireland	Pair Corr
0.95	WSBC	WesBanco Earnings Call Tomorrow	Pair Corr
0.97	FBIZ	First Business Financial Earnings Call This Week	Pair Corr
0.82	FFWM	First Foundation Earnings Call This Week	Pair Corr
0.82	FMNB	Farmers National Banc Earnings Call This Week	Pair Corr
0.86	AUB	Atlantic Union Bankshares	Pair Corr
0.94	BHB	Bar Harbor Bankshares	Pair Corr
0.88	BOH	Bank of Hawaii Earnings Call Today	Pair Corr
0.86	CBU	Community Bank System Earnings Call Tomorrow	Pair Corr
0.92	HTB	HomeTrust Bancshares Symbol Change	Pair Corr
0.82	NPB	Northpointe Bancshares	Pair Corr
0.97	PFS	Provident Financial Earnings Call Tomorrow	Pair Corr
0.9	PGC	Peapack Gladstone Earnings Call This Week	Pair Corr
0.84	PRK	Park National Earnings Call Today	Pair Corr
0.95	TMP	Tompkins Financial Earnings Call This Week	Pair Corr
0.93	HBCP	Home Bancorp Earnings Call Today	Pair Corr
0.78	INBK	First Internet Bancorp Earnings Call This Week	Pair Corr
0.96	INDB	Independent Bank	Pair Corr
0.72	601187	Xiamen Bank	Pair Corr
0.81	LSBK	Lake Shore Bancorp	Pair Corr
0.87	MSBI	Midland States Bancorp	Pair Corr
0.94	NFBK	Northfield Bancorp Earnings Call Tomorrow	Pair Corr
0.87	NRIM	Northrim BanCorp	Pair Corr
0.64	MBLPD	Macquarie Bank	Pair Corr
0.94	PFIS	Peoples Fin	Pair Corr
0.67	BFL	BSP Financial Group	Pair Corr
0.93	RRBI	Red River Bancshares	Pair Corr
0.93	ACNB	ACNB	Pair Corr
0.87	SBCF	Seacoast Banking Earnings Call This Week	Pair Corr
0.84	AROW	Arrow Financial Earnings Call This Week	Pair Corr
0.92	SFNC	Simmons First National	Pair Corr

Moving against CNB Stock

0.84	601658	Postal Savings Bank	Pair Corr
0.78	601665	Qilu Bank	Pair Corr
0.49	LDI	Loandepot	Pair Corr
0.45	BKRKF	PT Bank Rakyat	Pair Corr
0.33	SFBC	Sound Financial Bancorp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BFST	TRST	AMTB	MBWM	NBN	HBT	HTB	MCB	HBNC	CCBG
BFST		0.96	0.88	0.87	0.63	0.78	0.88	0.77	0.96	0.91	BFST
TRST	0.96		0.87	0.85	0.59	0.72	0.82	0.78	0.93	0.88	TRST
AMTB	0.88	0.87		0.96	0.86	0.92	0.92	0.94	0.91	0.95	AMTB
MBWM	0.87	0.85	0.96		0.89	0.96	0.92	0.92	0.9	0.96	MBWM
NBN	0.63	0.59	0.86	0.89		0.94	0.81	0.84	0.71	0.82	NBN
HBT	0.78	0.72	0.92	0.96	0.94		0.92	0.89	0.84	0.93	HBT
HTB	0.88	0.82	0.92	0.92	0.81	0.92		0.82	0.92	0.94	HTB
MCB	0.77	0.78	0.94	0.92	0.84	0.89	0.82		0.84	0.91	MCB
HBNC	0.96	0.93	0.91	0.9	0.71	0.84	0.92	0.84		0.96	HBNC
CCBG	0.91	0.88	0.95	0.96	0.82	0.93	0.94	0.91	0.96		CCBG
	BFST	TRST	AMTB	MBWM	NBN	HBT	HTB	MCB	HBNC	CCBG

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Risk-Adjusted Indicators

There is a big difference between CNB Stock performing well and CNB 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 CNB 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
BFST	1.21	0.19	0.15	0.25	1.08	(1.50)	2.88	(1.66)	10.57
TRST	1.22	0.21	0.12	0.28	1.42	(1.37)	2.71	(1.69)	7.47
AMTB	1.69	0.14	0.08	0.16	1.84	(1.99)	3.95	(3.75)	7.58
MBWM	1.17	0.16	0.11	0.25	1.21	(1.39)	3.78	(2.55)	6.66
NBN	1.82	0.22	0.10	0.22	2.19	(2.03)	4.10	(4.25)	12.35
HBT	1.26	0.12	0.08	0.19	1.33	(1.45)	3.07	(2.89)	7.65
HTB	1.18	0.02	0.01	0.08	1.39	(1.30)	2.66	(2.38)	7.08
MCB	1.63	0.20	0.12	0.23	1.60	(2.08)	3.80	(2.90)	9.24
HBNC	1.33	0.11	0.09	0.16	1.36	(1.67)	3.87	(2.12)	9.47
CCBG	1.13	0.08	0.04	0.18	1.37	(1.23)	3.09	(2.90)	6.69

CNB Financial Corporate Management

CPA CPA	VP Director	Profile
Angela Wilcoxson	Executive Officer	Profile
Katie Andersen	Senior Officer	Profile
Amy Potter	VP Marketing	Profile

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