Commercial National Correlations

CEFC Stock

USD 9.50 0.49 4.90%

The correlation of Commercial National 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.

Commercial National Correlation With Market

Good diversification

The correlation between Commercial National Financial and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commercial National Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Commercial National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commercial National when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Commercial National - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Commercial National Financial to buy it.

Moving together with Commercial Pink Sheet

0.86	WMT	Walmart Aggressive Push	Pair Corr
0.65	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.79	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.79	DIS	Walt Disney Aggressive Push	Pair Corr
0.87	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.88	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.79	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against Commercial Pink Sheet

0.91	SGD	Safe and Green	Pair Corr
0.81	KO	Coca Cola Aggressive Push	Pair Corr
0.76	QLGN	Qualigen Therapeutics	Pair Corr
0.68	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.65	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.61	MULN	Mullen Automotive	Pair Corr
0.37	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	EFIN	MIFF	APLO	CTYP	FBPA	CCFC	BKUT	DWNX	FIDS	PCLB
EFIN		0.4	-0.37	0.76	0.38	-0.84	0.85	0.53	0.62	0.14	EFIN
MIFF	0.4		0.33	0.39	0.08	-0.48	0.24	0.29	0.29	0.34	MIFF
APLO	-0.37	0.33		-0.13	-0.19	0.14	-0.4	-0.1	-0.03	0.1	APLO
CTYP	0.76	0.39	-0.13		0.34	-0.63	0.68	0.46	0.7	-0.14	CTYP
FBPA	0.38	0.08	-0.19	0.34		-0.3	0.26	0.21	0.23	-0.15	FBPA
CCFC	-0.84	-0.48	0.14	-0.63	-0.3		-0.83	-0.41	-0.62	-0.24	CCFC
BKUT	0.85	0.24	-0.4	0.68	0.26	-0.83		0.31	0.53	0.14	BKUT
DWNX	0.53	0.29	-0.1	0.46	0.21	-0.41	0.31		0.26	0.22	DWNX
FIDS	0.62	0.29	-0.03	0.7	0.23	-0.62	0.53	0.26		-0.39	FIDS
PCLB	0.14	0.34	0.1	-0.14	-0.15	-0.24	0.14	0.22	-0.39		PCLB
	EFIN	MIFF	APLO	CTYP	FBPA	CCFC	BKUT	DWNX	FIDS	PCLB

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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

BKUT	+ 0.85	EFIN
CTYP	+ 0.76	EFIN
FIDS	+ 0.7	CTYP
BKUT	+ 0.68	CTYP
FIDS	+ 0.62	EFIN
DWNX	+ 0.53	EFIN

High negative correlations

CCFC	- 0.84	EFIN
BKUT	- 0.83	CCFC
CCFC	- 0.63	CTYP
FIDS	- 0.62	CCFC
CCFC	- 0.48	MIFF
DWNX	- 0.41	CCFC

Risk-Adjusted Indicators

There is a big difference between Commercial Pink Sheet performing well and Commercial National 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 Commercial National'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
EFIN	0.82	0.24	0.05	1.51	0.80	(1.67)	2.86	(1.60)	7.36
MIFF	1.54	0.23	0.05	0.96	1.59	(3.27)	5.58	(3.96)	15.06
APLO	0.54	(0.03)	0.00	0.27	0.00	0.00	0.68	(1.43)	17.91
CTYP	0.97	0.23	0.01	(0.27)	1.52	(3.72)	3.13	(1.10)	19.19
FBPA	0.41	0.02	(0.08)	0.02	0.76	(1.36)	1.95	(1.73)	6.99
CCFC	0.47	(0.18)	0.00	(1.98)	0.00	0.00	0.60	(2.55)	7.12
BKUT	0.53	0.17	0.00	1.47	0.00	0.00	2.65	0.00	5.81
DWNX	0.12	(0.01)	(0.20)	0.46	0.21	(0.45)	0.49	(0.58)	1.47
FIDS	0.63	0.21	0.00	(1.63)	0.00	0.00	0.00	0.00	16.87
PCLB	1.00	(0.23)	0.00	(2.63)	0.00	0.00	1.64	(3.32)	9.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in Commercial National without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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