ChoiceOne Financial Correlations

COFS Stock

USD 28.69 0.87 2.94%

The current 90-days correlation between ChoiceOne Financial and Peoples Fin is 0.74 (i.e., Poor diversification). The correlation of ChoiceOne 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ChoiceOne Financial Correlation With Market

Good diversification

The correlation between ChoiceOne Financial Services and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ChoiceOne Financial Services and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ChoiceOne Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChoiceOne Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving against ChoiceOne Stock

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0.38	HD	Home Depot	Pair Corr
0.35	BA	Boeing Sell-off Trend	Pair Corr
0.32	HNHPF	Hon Hai Precision	Pair Corr
0.32	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	PFIS	RRBI	PGC	NFBK	FBIZ	BWB	HBCP	ACNB	CBNK	KRNY
PFIS		0.88	0.93	0.94	0.9	0.93	0.89	0.88	0.8	0.9	PFIS
RRBI	0.88		0.96	0.94	0.93	0.95	0.94	0.75	0.86	0.94	RRBI
PGC	0.93	0.96		0.98	0.95	0.98	0.96	0.8	0.89	0.97	PGC
NFBK	0.94	0.94	0.98		0.97	0.97	0.97	0.86	0.85	0.98	NFBK
FBIZ	0.9	0.93	0.95	0.97		0.95	0.97	0.89	0.84	0.96	FBIZ
BWB	0.93	0.95	0.98	0.97	0.95		0.95	0.84	0.9	0.95	BWB
HBCP	0.89	0.94	0.96	0.97	0.97	0.95		0.83	0.84	0.98	HBCP
ACNB	0.88	0.75	0.8	0.86	0.89	0.84	0.83		0.64	0.82	ACNB
CBNK	0.8	0.86	0.89	0.85	0.84	0.9	0.84	0.64		0.81	CBNK
KRNY	0.9	0.94	0.97	0.98	0.96	0.95	0.98	0.82	0.81		KRNY
	PFIS	RRBI	PGC	NFBK	FBIZ	BWB	HBCP	ACNB	CBNK	KRNY

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Risk-Adjusted Indicators

There is a big difference between ChoiceOne Stock performing well and ChoiceOne 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 ChoiceOne 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
PFIS	1.23	0.07	0.04	0.14	1.55	(1.25)	3.04	(2.33)	8.79
RRBI	1.30	0.17	0.11	0.21	1.30	(1.44)	3.40	(2.35)	7.97
PGC	1.40	0.09	0.07	0.13	1.52	(1.75)	3.64	(2.33)	11.04
NFBK	1.35	0.14	0.09	0.18	1.30	(1.68)	3.61	(2.44)	8.50
FBIZ	1.20	0.14	0.12	0.19	1.01	(1.66)	3.35	(1.91)	8.36
BWB	1.25	0.10	0.06	0.15	1.35	(1.40)	3.22	(2.33)	9.97
HBCP	1.14	0.06	0.04	0.12	1.35	(1.38)	3.62	(2.40)	9.63
ACNB	1.20	0.13	0.07	0.28	1.22	(1.40)	2.50	(2.28)	7.30
CBNK	0.99	0.00	(0.01)	0.05	1.29	(1.14)	2.67	(2.02)	8.39
KRNY	1.29	0.22	0.15	0.29	1.14	(1.55)	4.55	(1.94)	9.82

ChoiceOne Financial Corporate Management

Sarah Ferris	VP Controller	Profile
Daniel Wheat	Mortgage Originator	Profile
Kelly CFP	CEO Director	Profile
Shelly Childers	Senior Officer	Profile
Steven DeVolder	Senior Officer	Profile

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