ConnectOne Bancorp Correlations
| CNOBP Preferred Stock | USD 22.16 0.37 1.70% |
The current 90-days correlation between ConnectOne Bancorp and Dime Community Bancshares is 0.27 (i.e., Modest diversification). The correlation of ConnectOne Bancorp 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. If the correlation is 0, the equities are not correlated; they are entirely random.
ConnectOne Bancorp Correlation With Market
Weak diversification
The correlation between ConnectOne Bancorp and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ConnectOne Bancorp and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to ConnectOne Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConnectOne Bancorp 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 ConnectOne Bancorp - 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 ConnectOne Bancorp to buy it.
Moving together with ConnectOne Preferred Stock
| 0.67 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.78 | RF | Regions Financial Fiscal Year End 17th of January 2025 | PairCorr |
| 0.72 | VABK | Virginia National | PairCorr |
| 0.81 | VBNK | VersaBank Fiscal Year End 11th of December 2024 | PairCorr |
| 0.83 | VBTX | Veritex Holdings Normal Trading | PairCorr |
| 0.72 | TECTP | Tectonic Financial | PairCorr |
| 0.85 | EBMT | Eagle Bancorp Montana Fiscal Year End 28th of January 2025 | PairCorr |
| 0.83 | EBTC | Enterprise Bancorp | PairCorr |
| 0.79 | ECBK | ECB Bancorp | PairCorr |
| 0.8 | CFG-PH | Citizens Financial Group, | PairCorr |
| 0.65 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
| 0.76 | EGBN | Eagle Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.78 | KEY-PJ | KeyCorp | PairCorr |
| 0.85 | KEY-PK | KeyCorp | PairCorr |
| 0.82 | KEY-PL | KeyCorp | PairCorr |
| 0.69 | WASH | Washington Trust Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.77 | EQBK | Equity Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.83 | ESSA | ESSA Bancorp | PairCorr |
| 0.62 | TFINP | Triumph Financial | PairCorr |
| 0.88 | EVBN | Evans Bancorp | PairCorr |
| 0.85 | WSBCP | WesBanco | PairCorr |
| 0.8 | WMPN | William Penn Bancorp | PairCorr |
Moving against ConnectOne Preferred Stock
| 0.4 | WF | Woori Financial Group | PairCorr |
| 0.74 | FRCIL | First Republic Bank | PairCorr |
| 0.66 | FRCCL | First Republic Bank | PairCorr |
| 0.66 | FRCHL | First Republic Bank | PairCorr |
| 0.65 | FRCKL | First Republic Bank | PairCorr |
| 0.65 | FRCML | First Republic Bank | PairCorr |
| 0.61 | FRCLL | First Republic Bank | PairCorr |
| 0.38 | WBBW | Westbury Bancorp | PairCorr |
Related Correlations Analysis
| 0.8 | 0.57 | 0.72 | 0.64 | DCOMP | ||
| 0.8 | 0.38 | 0.35 | 0.53 | WAFDP | ||
| 0.57 | 0.38 | 0.67 | 0.28 | CCNEP | ||
| 0.72 | 0.35 | 0.67 | 0.54 | FGBIP | ||
| 0.64 | 0.53 | 0.28 | 0.54 | TCBIO | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between ConnectOne Preferred Stock performing well and ConnectOne Bancorp 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 ConnectOne Bancorp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DCOMP | 0.83 | 0.10 | 0.00 | 0.57 | 1.11 | 1.65 | 4.78 | |||
| WAFDP | 0.91 | 0.00 | (0.08) | 0.12 | 1.01 | 2.13 | 5.34 | |||
| CCNEP | 1.01 | 0.14 | 0.02 | 3.45 | 1.17 | 2.66 | 8.21 | |||
| FGBIP | 0.95 | 0.11 | 0.03 | 0.42 | 1.05 | 2.63 | 7.01 | |||
| TCBIO | 0.89 | 0.06 | (0.03) | 0.37 | 0.87 | 1.94 | 6.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ConnectOne Bancorp 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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ConnectOne Bancorp Corporate Management
| Joseph Javitz | First Officer | Profile | |
| Christopher Ewing | Ex COO | Profile | |
| Elizabeth Magennis | Pres Bank | Profile | |
| Siya Vansia | VP Marketing | Profile | |
| Laura Criscione | Corp VP | Profile | |
| Frank III | Pres Chairman | Profile | |
| Michael Rozman | Pres Division | Profile |