CSB Bancorp Correlations

CSBB Stock

USD 55.50 0.50 0.91%

The current 90-days correlation between CSB Bancorp and QNB Corp is -0.18 (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.

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

0.72	CRRFY	Carrefour SA PK	Pair Corr
0.82	ZPTA	Zapata Computing Holdings Tech Boost	Pair Corr
0.66	TSLA	Tesla Inc Sell-off Trend	Pair Corr
0.64	NOEM	CO2 Energy Transition	Pair Corr
0.68	RGC	Regencell Bioscience Trending	Pair Corr
0.81	ASTI	Ascent Solar Technol Trending	Pair Corr

Moving against CSB Pink Sheet

0.45	BKRKF	PT Bank Rakyat	Pair Corr
0.36	DNAX	DNA Brands	Pair Corr
0.35	12532HAF1	GIBACN 23 14	Pair Corr
0.31	EFTR	Effector Therapeutics	Pair Corr

Related Correlations Analysis

	QNBC	CMTV	EMYB	ENBP	MSWV	FGFH	CNBN	SBKO	ARBV	MNAT
QNBC		-0.34	-0.23	-0.44	-0.26	-0.27	-0.38	-0.27	-0.15	-0.25	QNBC
CMTV	-0.34		0.84	0.85	0.83	0.91	0.84	0.9	0.85	0.88	CMTV
EMYB	-0.23	0.84		0.58	0.6	0.73	0.58	0.81	0.92	0.8	EMYB
ENBP	-0.44	0.85	0.58		0.79	0.84	0.86	0.76	0.56	0.64	ENBP
MSWV	-0.26	0.83	0.6	0.79		0.93	0.74	0.73	0.64	0.72	MSWV
FGFH	-0.27	0.91	0.73	0.84	0.93		0.78	0.9	0.77	0.82	FGFH
CNBN	-0.38	0.84	0.58	0.86	0.74	0.78		0.77	0.6	0.73	CNBN
SBKO	-0.27	0.9	0.81	0.76	0.73	0.9	0.77		0.8	0.83	SBKO
ARBV	-0.15	0.85	0.92	0.56	0.64	0.77	0.6	0.8		0.84	ARBV
MNAT	-0.25	0.88	0.8	0.64	0.72	0.82	0.73	0.83	0.84		MNAT
	QNBC	CMTV	EMYB	ENBP	MSWV	FGFH	CNBN	SBKO	ARBV	MNAT

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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

FGFH	+ 0.93	MSWV
ARBV	+ 0.92	EMYB
FGFH	+ 0.91	CMTV
SBKO	+ 0.9	CMTV
SBKO	+ 0.9	FGFH
MNAT	+ 0.88	CMTV

High negative correlations

ENBP	- 0.44	QNBC
CNBN	- 0.38	QNBC
CMTV	- 0.34	QNBC
SBKO	- 0.27	QNBC
FGFH	- 0.27	QNBC
MSWV	- 0.26	QNBC

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QNBC	0.53	(0.03)	0.00	0.66	0.00	0.00	1.10	(1.43)	3.26
CMTV	0.42	0.14	0.13	0.90	0.00	(0.87)	1.29	(0.85)	3.42
EMYB	0.33	0.07	0.04	1.03	0.00	(0.71)	1.10	(0.52)	3.63
ENBP	0.88	0.22	0.08	(3.29)	1.01	(1.21)	2.42	(2.09)	12.40
MSWV	0.52	0.14	0.09	(67.27)	0.38	(0.77)	1.72	(0.97)	4.76
FGFH	0.54	0.41	0.75	(4.05)	0.00	(0.77)	1.59	(0.55)	4.72
CNBN	1.22	0.30	0.08	0.76	1.81	(1.93)	3.85	(1.64)	23.42
SBKO	0.37	0.15	0.21	2.17	0.00	(0.69)	1.25	(0.37)	2.67
ARBV	0.39	0.15	0.13	(0.95)	0.00	(0.73)	1.70	(0.55)	3.98
MNAT	0.59	0.10	0.03	2.62	0.68	(0.86)	1.28	(0.96)	5.40

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

Brett Gallion	COO VP	Profile
Ashley Vaughn	VP Officer	Profile
Broc Martin	Assistant Officer	Profile
Julie Jones	VP HR	Profile
Pamela CPA	Financial VP	Profile
Stephen Kilpatrick	First Officer	Profile

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