CNB Financial Correlations

CCNE Stock

USD 26.14 0.40 1.55%

The current 90-days correlation between CNB Financial and Business First Bancshares is 0.79 (i.e., 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

Very weak diversification

The correlation between CNB Financial and DJI is 0.53 (i.e., Very weak 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

0.83	BIRG	Bank of Ireland	Pair Corr
0.79	EBMT	Eagle Bancorp Montana	Pair Corr
0.62	ECBK	ECB Bancorp	Pair Corr
0.9	FCAP	First Capital	Pair Corr
0.79	FFBC	First Financial Bancorp	Pair Corr
0.91	BOH	Bank of Hawaii	Pair Corr
0.97	CAC	Camden National	Pair Corr
0.92	MPB	Mid Penn Bancorp	Pair Corr
0.9	PFS	Provident Financial	Pair Corr
0.93	TFC	Truist Financial Corp	Pair Corr
0.74	WAL	Western Alliance Ban	Pair Corr
0.81	GSBC	Great Southern Bancorp	Pair Corr
0.79	HBAN	Huntington Bancshares	Pair Corr
0.83	HOMB	Home BancShares	Pair Corr
0.93	HTBK	Heritage Commerce Corp	Pair Corr
0.95	IBCP	Independent Bank	Pair Corr
0.82	601187	Xiamen Bank	Pair Corr
0.84	LSBK	Lake Shore Bancorp	Pair Corr
0.77	MCBS	MetroCity Bankshares	Pair Corr
0.97	ORRF	Orrstown Financial	Pair Corr
0.68	VBNK	VersaBank	Pair Corr
0.76	PNBK	Patriot National Bancorp	Pair Corr
0.87	PNFP	Pinnacle Financial	Pair Corr
0.95	QCRH	QCR Holdings	Pair Corr
0.73	AFBI	Affinity Bancshares	Pair Corr
0.94	SBFG	SB Financial Group	Pair Corr
0.97	SMBC	Southern Missouri Bancorp	Pair Corr
0.83	SPFI	South Plains Financial	Pair Corr
0.81	BCAL	Southern California	Pair Corr
0.84	BOKF	BOK Financial	Pair Corr

Moving against CNB Stock

0.77	601658	Postal Savings Bank	Pair Corr
0.63	LDI	Loandepot	Pair Corr
0.63	601665	Qilu Bank	Pair Corr
0.5	SFBC	Sound Financial Bancorp	Pair Corr
0.84	CMWCF	Cromwell Property	Pair Corr
0.68	BYFC	Broadway Financial	Pair Corr
0.41	HCMC	Healthier Choices	Pair Corr

Related Correlations Analysis

	BFST	TRST	AMTB	MBWM	NBN	HBT	HTB	MCB	HBNC	CCBG
BFST		0.98	0.68	0.87	0.4	0.71	0.86	0.52	0.94	0.71	BFST
TRST	0.98		0.65	0.83	0.32	0.63	0.8	0.49	0.91	0.66	TRST
AMTB	0.68	0.65		0.89	0.77	0.84	0.86	0.93	0.82	0.94	AMTB
MBWM	0.87	0.83	0.89		0.73	0.92	0.96	0.78	0.94	0.91	MBWM
NBN	0.4	0.32	0.77	0.73		0.87	0.74	0.75	0.59	0.74	NBN
HBT	0.71	0.63	0.84	0.92	0.87		0.94	0.76	0.84	0.88	HBT
HTB	0.86	0.8	0.86	0.96	0.74	0.94		0.74	0.94	0.89	HTB
MCB	0.52	0.49	0.93	0.78	0.75	0.76	0.74		0.7	0.88	MCB
HBNC	0.94	0.91	0.82	0.94	0.59	0.84	0.94	0.7		0.87	HBNC
CCBG	0.71	0.66	0.94	0.91	0.74	0.88	0.89	0.88	0.87		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	1.16	0.09	0.06	0.14	1.35	(1.35)	2.88	(2.79)	10.57
TRST	1.21	0.15	0.09	0.20	1.38	(1.35)	2.71	(2.50)	8.16
AMTB	1.55	(0.03)	0.00	0.04	2.12	(1.66)	3.32	(4.02)	8.52
MBWM	1.13	0.04	0.03	0.09	1.38	(1.27)	3.16	(1.93)	7.76
NBN	1.82	(0.02)	0.00	0.04	2.43	(1.89)	4.00	(4.25)	10.70
HBT	1.30	(0.02)	0.00	0.04	1.56	(1.36)	3.07	(2.90)	7.88
HTB	1.10	0.02	0.01	0.07	1.33	(1.18)	2.74	(2.57)	6.32
MCB	1.40	0.00	0.00	0.06	1.86	(1.78)	3.80	(2.71)	12.24
HBNC	1.31	0.01	0.02	0.06	1.52	(1.49)	3.87	(3.06)	9.47
CCBG	1.21	(0.02)	(0.01)	0.03	1.70	(1.22)	3.09	(2.95)	8.31

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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