Croghan Bancshares Correlations
| CHBH Stock | USD 49.90 0.10 0.20% |
The current 90-days correlation between Croghan Bancshares and PGE Corp is 0.21 (i.e., Modest diversification). The correlation of Croghan Bancshares 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.
Croghan Bancshares Correlation With Market
Average diversification
The correlation between Croghan Bancshares and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Croghan Bancshares and DJI in the same portfolio, assuming nothing else is changed.
Croghan |
The ability to find closely correlated positions to Croghan Bancshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Croghan Bancshares 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 Croghan Bancshares - 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 Croghan Bancshares to buy it.
Moving together with Croghan OTC Stock
| 0.69 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.8 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.66 | WMT | Walmart Aggressive Push | PairCorr |
| 0.76 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
Moving against Croghan OTC Stock
| 0.85 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.78 | PKX | POSCO Holdings | PairCorr |
| 0.77 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.54 | PTAIY | Astra International Tbk | PairCorr |
| 0.51 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.47 | EC | Ecopetrol SA ADR | PairCorr |
| 0.42 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.34 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.33 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.32 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Croghan OTC Stock performing well and Croghan Bancshares OTC Stock 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 Croghan Bancshares' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PCG | 0.81 | 0.17 | 0.06 | 0.76 | 0.88 | 2.45 | 6.12 | |||
| EDN | 2.35 | 1.20 | 0.55 | 3.98 | 1.20 | 6.94 | 10.19 | |||
| APAM | 1.31 | 0.05 | 0.08 | 0.16 | 1.67 | 2.52 | 12.25 | |||
| WEC | 0.71 | 0.11 | 0.01 | 0.56 | 0.63 | 1.59 | 3.31 | |||
| KEY-PI | 0.60 | 0.05 | (0.09) | 0.51 | 0.60 | 1.43 | 4.04 | |||
| SPH | 1.18 | 0.14 | 0.04 | 0.41 | 1.69 | 2.81 | 11.92 | |||
| ECPG | 1.32 | (0.17) | 0.00 | (0.01) | 0.00 | 2.57 | 9.26 | |||
| KNTK | 1.48 | 0.44 | 0.22 | 0.74 | 1.30 | 3.19 | 11.51 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Croghan Bancshares 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.Did you try this?
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Croghan Bancshares Corporate Executives
Elected by the shareholders, the Croghan Bancshares' board of directors comprises two types of representatives: Croghan Bancshares inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Croghan. The board's role is to monitor Croghan Bancshares' management team and ensure that shareholders' interests are well served. Croghan Bancshares' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Croghan Bancshares' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kendall Rieman | CFO, VP, Treasurer, CFO of the Croghan Colonial Bank and Executive VP of the Croghan Colonial Bank | Profile |