City Holding Correlations

CHCO Stock

USD 132.12 0.21 0.16%

The current 90-days correlation between City Holding and Colony Bankcorp is 0.91 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as City Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if City Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

City Holding Correlation With Market

Poor diversification

The correlation between City Holding and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding City Holding 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 City Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in City Stock, please use our How to Invest in City Holding guide.

Moving together with City Stock

0.98	AX	Axos Financial	Pair Corr
0.97	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.97	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.94	RF	Regions Financial Sell-off Trend	Pair Corr
0.67	VABK	Virginia National	Pair Corr
0.85	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.9	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.67	TECTP	Tectonic Financial	Pair Corr
0.69	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.95	EBTC	Enterprise Bancorp	Pair Corr
0.97	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
0.96	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.76	WAFD	Washington Federal	Pair Corr
0.91	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.71	BANC-PF	Banc of California	Pair Corr
0.94	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.77	ESSA	ESSA Bancorp	Pair Corr
0.81	EVBN	Evans Bancorp	Pair Corr
0.63	WSBCP	WesBanco	Pair Corr
0.79	WMPN	William Penn Bancorp	Pair Corr

Moving against City Stock

0.54	CFG-PE	Citizens Financial	Pair Corr
0.49	TFC-PO	Truist Financial	Pair Corr
0.48	TFC-PR	Truist Financial	Pair Corr
0.34	WF	Woori Financial Group	Pair Corr
0.35	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	CWBC	OVLY	OFED	CULL	HMNF	HFBL	MGYR	CBAN	ISTR	PLBC
CWBC		0.63	0.15	-0.3	0.39	-0.04	0.65	0.64	0.41	0.69	CWBC
OVLY	0.63		-0.59	-0.42	0.55	0.09	0.79	0.93	0.92	0.92	OVLY
OFED	0.15	-0.59		0.36	-0.34	-0.18	-0.41	-0.5	-0.78	-0.52	OFED
CULL	-0.3	-0.42	0.36		-0.5	0.12	-0.61	-0.46	-0.46	-0.44	CULL
HMNF	0.39	0.55	-0.34	-0.5		-0.14	0.54	0.67	0.6	0.6	HMNF
HFBL	-0.04	0.09	-0.18	0.12	-0.14		0.08	0.04	0.14	0.02	HFBL
MGYR	0.65	0.79	-0.41	-0.61	0.54	0.08		0.8	0.75	0.83	MGYR
CBAN	0.64	0.93	-0.5	-0.46	0.67	0.04	0.8		0.91	0.91	CBAN
ISTR	0.41	0.92	-0.78	-0.46	0.6	0.14	0.75	0.91		0.88	ISTR
PLBC	0.69	0.92	-0.52	-0.44	0.6	0.02	0.83	0.91	0.88		PLBC
	CWBC	OVLY	OFED	CULL	HMNF	HFBL	MGYR	CBAN	ISTR	PLBC

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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

CBAN	+ 0.93	OVLY
ISTR	+ 0.92	OVLY
PLBC	+ 0.92	OVLY
ISTR	+ 0.91	CBAN
PLBC	+ 0.91	CBAN
PLBC	+ 0.88	ISTR

High negative correlations

ISTR	- 0.78	OFED
MGYR	- 0.61	CULL
OFED	- 0.59	OVLY
PLBC	- 0.52	OFED
HMNF	- 0.5	CULL
CBAN	- 0.5	OFED

Risk-Adjusted Indicators

There is a big difference between City Stock performing well and City Holding 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 City Holding'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
CWBC	1.03	(0.01)	0.01	0.11	1.12	(1.11)	2.53	(2.16)	9.14
OVLY	1.68	0.02	0.06	0.13	1.53	(2.14)	4.78	(2.77)	11.90
OFED	2.13	(0.21)	0.00	0.83	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.13)	0.00	(1.82)	0.00	0.00	1.18	(1.64)	4.73
HMNF	1.88	0.38	0.12	3.54	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.56	(0.17)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
MGYR	0.65	0.14	0.05	1.05	0.47	(0.78)	1.85	(1.22)	3.88
CBAN	1.18	0.08	0.14	0.16	1.04	(1.44)	2.34	(1.97)	16.22
ISTR	1.47	0.20	0.17	0.23	1.19	(1.66)	3.41	(2.50)	17.09
PLBC	1.78	0.08	0.06	0.18	2.10	(1.99)	4.28	(4.06)	10.80

City Holding Corporate Management

John DeRito	Executive VP of Commercial Banking and Executive VP of Commercial Banking for City National Bank	Profile
Jeffrey Legge	Chief Admin. Officer, CIO, Sr. VP, Chief Admin. Officer of City National Bank, CIO of City National Bank and Sr. VP of City National Bank	Profile
Michael Quinlan	Executive Banking	Profile
Victoria EvansFaw	Senior Secretary	Profile

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