Citizens Financial Correlations

CFG Stock

USD 48.46 0.81 1.70%

The current 90-days correlation between Citizens Financial Group, and Regions Financial is 0.93 (i.e., Almost no diversification). The correlation of Citizens 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.

Citizens Financial Correlation With Market

Poor diversification

The correlation between Citizens Financial Group, and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citizens Financial Group, 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 Citizens Financial Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Citizens Stock

0.96	AX	Axos Financial	Pair Corr
0.94	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.94	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.94	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.85	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.84	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.71	TECTP	Tectonic Financial	Pair Corr
0.62	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.89	EBTC	Enterprise Bancorp	Pair Corr
0.95	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.86	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.93	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.66	WAFD	Washington Federal	Pair Corr
0.89	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.9	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.66	ESSA	ESSA Bancorp	Pair Corr
0.67	EVBN	Evans Bancorp	Pair Corr
0.87	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.79	WMPN	William Penn Bancorp	Pair Corr

Moving against Citizens Stock

0.62	CFG-PE	Citizens Financial	Pair Corr
0.61	TFC-PO	Truist Financial	Pair Corr
0.59	TFC-PR	Truist Financial	Pair Corr
0.34	WF	Woori Financial Group	Pair Corr
0.33	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	PNC	RF	FITB	CMA	HBAN	MTB	FHN	KEY	ZION	WAL
PNC		0.99	0.97	0.95	0.99	0.95	0.97	0.97	0.96	0.83	PNC
RF	0.99		0.97	0.94	0.99	0.96	0.97	0.98	0.97	0.82	RF
FITB	0.97	0.97		0.96	0.97	0.96	0.94	0.96	0.94	0.89	FITB
CMA	0.95	0.94	0.96		0.94	0.97	0.91	0.93	0.92	0.85	CMA
HBAN	0.99	0.99	0.97	0.94		0.96	0.98	0.98	0.98	0.81	HBAN
MTB	0.95	0.96	0.96	0.97	0.96		0.94	0.93	0.94	0.79	MTB
FHN	0.97	0.97	0.94	0.91	0.98	0.94		0.97	0.99	0.74	FHN
KEY	0.97	0.98	0.96	0.93	0.98	0.93	0.97		0.97	0.84	KEY
ZION	0.96	0.97	0.94	0.92	0.98	0.94	0.99	0.97		0.75	ZION
WAL	0.83	0.82	0.89	0.85	0.81	0.79	0.74	0.84	0.75		WAL
	PNC	RF	FITB	CMA	HBAN	MTB	FHN	KEY	ZION	WAL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Citizens Stock performing well and Citizens 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 Citizens 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
PNC	1.15	0.11	0.16	0.19	0.87	(1.44)	2.54	(1.97)	9.52
RF	1.19	0.11	0.18	0.18	0.89	(1.54)	2.82	(1.66)	14.81
FITB	1.09	0.05	0.10	0.15	0.97	(1.21)	2.39	(2.01)	10.60
CMA	1.50	0.18	0.17	0.21	1.36	(1.66)	3.53	(2.64)	14.10
HBAN	1.26	0.13	0.22	0.18	0.85	(1.66)	2.87	(2.28)	14.20
MTB	1.39	0.23	0.27	0.24	0.83	(1.71)	3.41	(1.59)	16.03
FHN	1.67	0.14	0.21	0.17	1.22	(2.00)	3.80	(2.49)	18.94
KEY	1.44	0.01	0.12	0.12	1.36	(1.66)	3.06	(2.54)	19.76
ZION	1.69	0.08	0.15	0.15	1.49	(1.97)	3.62	(2.89)	20.65
WAL	1.95	0.01	0.08	0.12	2.13	(2.45)	4.19	(3.17)	19.53

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

2024 Macroaxis LLC