CSB Bancorp Correlations

CSBB Stock  USD 58.25  0.25  0.43%   
The current 90-days correlation between CSB Bancorp and QNB Corp is -0.01 (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

Poor diversification

The correlation between CSB Bancorp 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 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

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  0.74GL-PD Globe Life 425PairCorr
  0.87SBKO Summit Bank GroupPairCorr
  0.83CCL CarnivalPairCorr
  0.78ADEA ADEIA PPairCorr
  0.63VHI Valhi Inc Earnings Call This WeekPairCorr
  0.78ESCA Escalade IncorporatedPairCorr
  0.8CMI CumminsPairCorr
  0.78MFGCF Mayfair Gold CorpPairCorr
  0.67TG TredegarPairCorr
  0.76VKQ Invesco Municipal TrustPairCorr
  0.84RHHVF Roche Holding AGPairCorr
  0.87INGR Ingredion IncorporatedPairCorr
  0.77BKCYF Bank Of Cyprus Holdings P Normal TradingPairCorr
  0.72GEL Genesis Energy LPPairCorr
  0.82BCO Brinks CompanyPairCorr
  0.86VALE Vale SA ADR Aggressive PushPairCorr
  0.69NTRSO Northern TrustPairCorr
  0.69BNL Broadstone Net Lease Sell-off TrendPairCorr
  0.85MEEEF Metal Energy CorpPairCorr
  0.8TDY Teledyne TechnologiesPairCorr
  0.72ABCB Ameris BancorpPairCorr
  0.79WLK Westlake ChemicalPairCorr
  0.67TWMIF Tidewater Midstream and Earnings Call This WeekPairCorr
  0.74SOJE Southern CompanyPairCorr

Moving against CSB Pink Sheet

  0.85PBCRY Bank Central AsiaPairCorr
  0.79PBCRF PT Bank CentralPairCorr

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  0.50  0.08  0.00 (7.39) 0.52 
 1.39 
 5.02 
CMTV  1.26  0.37  0.16  0.88  1.05 
 2.38 
 18.97 
EMYB  0.54  0.24  0.27 (0.81) 0.00 
 2.27 
 4.51 
ENBP  0.73  0.18  0.08 (10.69) 0.77 
 1.93 
 4.88 
MSWV  0.65  0.18  0.09 (0.66) 0.46 
 2.60 
 6.39 
FGFH  0.47  0.24  0.33  6.55  0.00 
 1.25 
 4.18 
CNBN  0.68  0.21  0.07 (3.24) 0.54 
 1.96 
 7.41 
SBKO  0.65  0.26  0.16 (12.97) 0.30 
 1.94 
 6.91 
ARBV  0.87  0.29  0.14  1.28  0.64 
 3.09 
 8.30 
MNAT  0.32  0.08  0.00  0.61  0.00 
 0.98 
 3.36 

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