Cnb Community Correlations

CNBBDelisted Stock  USD 41.01  0.00  0.00%   
The current 90-days correlation between Cnb Community Bancorp and OptimumBank Holdings is -0.02 (i.e., Good diversification). The correlation of Cnb Community 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 Community Correlation With Market

Very good diversification

The correlation between Cnb Community Bancorp and DJI is -0.32 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cnb Community Bancorp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Cnb Community could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cnb Community 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 Cnb Community - 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 Cnb Community Bancorp to buy it.

Moving against Cnb OTC Stock

  0.4VABK Virginia NationalPairCorr
  0.32BANC-PF Banc of CaliforniaPairCorr

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   
ALPIBFBAK
TRSTFBAK
ALPIBTRST
MSVBTRST
MSVBALPIB
MSVBFBAK
  
High negative correlations   
ALPIBINTR
INTRFBAK
INTRTRST
MSVBINTR
INTROPHC
AOZOFMSVB

Risk-Adjusted Indicators

There is a big difference between Cnb OTC Stock performing well and Cnb Community 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 Cnb Community'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OPHC  1.21  0.14  0.02 (2.51) 1.44 
 2.75 
 16.79 
FBAK  1.18  0.22  0.07  0.91  1.67 
 2.50 
 11.46 
TRST  1.30 (0.01) 0.07  0.10  1.29 
 2.73 
 17.64 
INTR  2.29 (0.70) 0.00 (1.24) 0.00 
 3.90 
 17.47 
ALPIB  0.54  0.29  0.20 (1.29) 0.00 
 1.81 
 4.36 
MSVB  1.98  0.19  0.03  1.25  2.34 
 6.12 
 14.99 
SFBC  0.95  0.00 (0.06) 0.10  1.12 
 2.75 
 5.99 
AGRPF  0.15  0.06  0.00  1.03  0.00 
 0.00 
 5.05 
AOZOF  1.62 (0.63) 0.00  0.43  0.00 
 0.00 
 42.84 
SRNN  0.21  0.00  0.00  0.45  0.00 
 1.35 
 4.97 

View Cnb Community Related Equities

 Risk & Return  Correlation

Cnb Community Corporate Management

Elected by the shareholders, the Cnb Community's board of directors comprises two types of representatives: Cnb Community inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cnb. The board's role is to monitor Cnb Community's management team and ensure that shareholders' interests are well served. Cnb Community's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cnb Community's outside directors are responsible for providing unbiased perspectives on the board's policies.
CPA CPAChief OfficerProfile
David ArnettAssistant OfficerProfile
Abba ReeveAssistant ControllerProfile
Christopher JDVP OfficerProfile
Amber YoderMarketing OfficerProfile
Melissa StroedeVP OfficerProfile
Joshua RoyalCompliance VPProfile

Still Interested in Cnb Community Bancorp?

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