CSB Bancorp Correlations

CSBB Stock  USD 53.59  0.09  0.17%   
The current 90-days correlation between CSB Bancorp and QNB Corp is -0.15 (i.e., Good diversification). The correlation of CSB 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.

CSB Bancorp Correlation With Market

Good diversification

The correlation between CSB Bancorp and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSB Bancorp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to CSB 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 CSB 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 CSB 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 CSB Bancorp to buy it.

Moving together with CSB Pink Sheet

  0.66SMFG Sumitomo Mitsui Financial Normal TradingPairCorr
  0.67SMFNF Sumitomo Mitsui Financial Normal TradingPairCorr
  0.62JPM JPMorgan ChasePairCorr
  0.67BAC Bank of AmericaPairCorr
  0.79AA Alcoa Corp Earnings Call This WeekPairCorr
  0.71BA Boeing Sell-off TrendPairCorr
  0.67DIS Walt DisneyPairCorr

Moving against CSB Pink Sheet

  0.63T ATT IncPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between CSB Pink Sheet performing well and CSB 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 CSB 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
QNBC  0.45 (0.01) 0.00  1.70  0.00 
 1.10 
 3.14 
CMTV  0.92  0.36  0.20  1.72  0.54 
 1.70 
 18.97 
EMYB  0.35  0.10  0.04  1.07  0.00 
 1.17 
 3.63 
ENBP  0.97  0.29  0.10 (1.40) 0.90 
 2.62 
 12.40 
MSWV  0.57  0.18  0.08 (7.97) 0.39 
 1.82 
 4.76 
FGFH  0.50  0.33  0.67  6.23  0.00 
 1.53 
 4.72 
CNBN  1.29  0.23  0.08  0.28  1.86 
 3.85 
 23.42 
SBKO  0.48  0.18  0.07 (0.53) 0.24 
 1.33 
 6.91 
ARBV  0.47  0.18  0.13  4.79  0.00 
 1.91 
 5.70 
MNAT  0.49  0.05 (0.01) 0.32  0.71 
 0.97 
 4.73 

Be your own money manager

Our tools can tell you how much better you can do entering a position in CSB 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.

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CSB Bancorp Corporate Management