Columbia Banking Correlations

COLB Stock

USD 20.78 1.04 4.77%

The current 90-days correlation between Columbia Banking System and Glacier Bancorp is 0.92 (i.e., Almost no diversification). The correlation of Columbia Banking 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.

Columbia Banking Correlation With Market

Poor diversification

The correlation between Columbia Banking System and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Banking System 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 Columbia Banking System. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Columbia Stock

0.95	AX	Axos Financial	Pair Corr
0.86	BY	Byline Bancorp	Pair Corr
0.83	KB	KB Financial Group	Pair Corr
0.61	NU	Nu Holdings	Pair Corr
0.95	PB	Prosperity Bancshares	Pair Corr
0.98	RF	Regions Financial	Pair Corr
0.88	VBNK	VersaBank	Pair Corr
0.93	VBTX	Veritex Holdings	Pair Corr
0.69	EBTC	Enterprise Bancorp	Pair Corr
0.74	EFSC	Enterprise Financial	Pair Corr
0.72	EFSI	Eagle Financial Services	Pair Corr
0.89	EGBN	Eagle Bancorp	Pair Corr
0.73	WAFD	Washington Federal	Pair Corr
0.83	WASH	Washington Trust Bancorp	Pair Corr
0.92	EQBK	Equity Bancshares,	Pair Corr
0.61	WAFDP	Washington Federal	Pair Corr
0.69	ESSA	ESSA Bancorp	Pair Corr
0.76	TFINP	Triumph Financial	Pair Corr
0.93	EVBN	Evans Bancorp	Pair Corr
0.97	EWBC	East West Bancorp	Pair Corr
0.88	WMPN	William Penn Bancorp	Pair Corr

Moving against Columbia Stock

0.64	VBFC	Village Bank	Pair Corr
0.64	ECBK	ECB Bancorp	Pair Corr
0.6	TECTP	Tectonic Financial	Pair Corr
0.48	EBMT	Eagle Bancorp Montana	Pair Corr
0.8	FCAP	First Capital	Pair Corr
0.64	OCFCP	OceanFirst Financial Corp	Pair Corr
0.38	BANFP	BFC Capital Trust	Pair Corr
0.37	WSBCP	WesBanco	Pair Corr

Related Correlations Analysis

	GBCI	CVBF	IBTX	FFIN	FIBK	EBMT	CFFN	BY	CATY	CWBC
GBCI		0.95	0.0	0.71	0.96	-0.52	0.49	0.87	0.96	0.75	GBCI
CVBF	0.95		0.0	0.67	0.93	-0.54	0.46	0.86	0.95	0.79	CVBF
IBTX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	IBTX
FFIN	0.71	0.67	0.0		0.79	-0.06	0.7	0.84	0.74	0.9	FFIN
FIBK	0.96	0.93	0.0	0.79		-0.46	0.58	0.94	0.92	0.83	FIBK
EBMT	-0.52	-0.54	0.0	-0.06	-0.46		0.19	-0.26	-0.43	-0.15	EBMT
CFFN	0.49	0.46	0.0	0.7	0.58	0.19		0.75	0.47	0.71	CFFN
BY	0.87	0.86	0.0	0.84	0.94	-0.26	0.75		0.83	0.88	BY
CATY	0.96	0.95	0.0	0.74	0.92	-0.43	0.47	0.83		0.77	CATY
CWBC	0.75	0.79	0.0	0.9	0.83	-0.15	0.71	0.88	0.77		CWBC
	GBCI	CVBF	IBTX	FFIN	FIBK	EBMT	CFFN	BY	CATY	CWBC

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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

FIBK	+ 0.96	GBCI
CATY	+ 0.96	GBCI
CVBF	+ 0.95	GBCI
CATY	+ 0.95	CVBF
BY	+ 0.94	FIBK
FIBK	+ 0.93	CVBF

High negative correlations

EBMT	- 0.54	CVBF
EBMT	- 0.52	GBCI
EBMT	- 0.46	FIBK
CATY	- 0.43	EBMT
BY	- 0.26	EBMT
CWBC	- 0.15	EBMT

Risk-Adjusted Indicators

There is a big difference between Columbia Stock performing well and Columbia Banking 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 Columbia Banking'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
GBCI	1.43	(0.18)	0.00	(0.30)	0.00	0.00	2.07	(3.59)	14.12
CVBF	1.23	(0.19)	0.00	(0.36)	0.00	0.00	2.22	(3.14)	11.97
IBTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FFIN	1.21	(0.02)	0.00	(0.18)	0.00	0.00	3.11	(2.32)	11.82
FIBK	1.45	(0.16)	0.00	(0.28)	0.00	0.00	2.18	(3.90)	15.68
EBMT	1.07	0.22	0.22	0.21	1.08	(1.30)	3.29	(2.19)	9.72
CFFN	1.09	(0.05)	0.00	(0.24)	0.00	0.00	2.39	(2.49)	7.83
BY	1.25	(0.10)	0.00	(0.25)	0.00	0.00	2.17	(2.99)	9.72
CATY	1.27	(0.15)	0.00	(0.31)	0.00	0.00	2.02	(3.17)	13.82
CWBC	1.07	(0.07)	0.00	(0.23)	0.00	0.00	2.45	(2.17)	11.21

Columbia Banking Corporate Management

Eric Eid	Ex Officer	Profile
Amy Betts	Head Relations	Profile
Jason Hester	VP Officer	Profile
David Devine	Executive Officer	Profile
Lisa White	Principal Controller	Profile

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