Community Bankers Correlations

CTYP Stock

USD 7.25 0.00 0.00%

The current 90-days correlation between Community Bankers and United Tennessee Bankshares is -0.16 (i.e., Good diversification). The correlation of Community Bankers 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.

Community Bankers Correlation With Market

Very weak diversification

The correlation between Community Bankers and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Community Bankers and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Community Bankers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Community Bankers 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 Community Bankers - 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 Community Bankers to buy it.

Moving together with Community Pink Sheet

0.68	CIHHF	China Merchants Bank	Pair Corr
0.78	PNC	PNC Financial Services	Pair Corr
0.78	PPERF	Bank Mandiri Persero	Pair Corr
0.74	PPERY	Bank Mandiri Persero	Pair Corr
0.66	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.8	BKKLY	Bangkok Bank PCL	Pair Corr
0.78	MRK	Merck Company Earnings Call This Week	Pair Corr
0.64	BAC	Bank of America	Pair Corr
0.7	JNJ	Johnson Johnson	Pair Corr
0.67	WMT	Walmart Common Stock Sell-off Trend	Pair Corr

Moving against Community Pink Sheet

0.74	PBCRY	Bank Central Asia	Pair Corr
0.61	PTAIF	PT Astra International	Pair Corr
0.48	IBN	ICICI Bank Limited	Pair Corr
0.44	BKRKF	PT Bank Rakyat	Pair Corr
0.4	PBCRF	PT Bank Central	Pair Corr
0.39	BKRKY	Bank Rakyat	Pair Corr
0.34	HDB	HDFC Bank Limited	Pair Corr
0.48	PG	Procter Gamble	Pair Corr
0.46	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.43	MMM	3M Company	Pair Corr
0.37	HD	Home Depot	Pair Corr

Related Correlations Analysis

	UNTN	TCNB	TVLF	FLEW	HRBK	CIBN	MSBB	GOVB	FIDS	JTNB
UNTN		0.25	0.18	0.73	-0.31	0.38	0.85	0.93	0.92	0.88	UNTN
TCNB	0.25		-0.09	0.37	0.39	-0.4	0.29	0.12	0.18	0.35	TCNB
TVLF	0.18	-0.09		-0.15	-0.59	0.28	0.14	0.26	0.12	0.1	TVLF
FLEW	0.73	0.37	-0.15		0.03	0.21	0.7	0.68	0.76	0.67	FLEW
HRBK	-0.31	0.39	-0.59	0.03		-0.66	-0.29	-0.5	-0.3	-0.2	HRBK
CIBN	0.38	-0.4	0.28	0.21	-0.66		0.35	0.48	0.37	0.24	CIBN
MSBB	0.85	0.29	0.14	0.7	-0.29	0.35		0.88	0.83	0.77	MSBB
GOVB	0.93	0.12	0.26	0.68	-0.5	0.48	0.88		0.92	0.86	GOVB
FIDS	0.92	0.18	0.12	0.76	-0.3	0.37	0.83	0.92		0.87	FIDS
JTNB	0.88	0.35	0.1	0.67	-0.2	0.24	0.77	0.86	0.87		JTNB
	UNTN	TCNB	TVLF	FLEW	HRBK	CIBN	MSBB	GOVB	FIDS	JTNB

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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

GOVB	+ 0.93	UNTN
FIDS	+ 0.92	UNTN
FIDS	+ 0.92	GOVB
JTNB	+ 0.88	UNTN
GOVB	+ 0.88	MSBB
JTNB	+ 0.87	FIDS

High negative correlations

CIBN	- 0.66	HRBK
HRBK	- 0.59	TVLF
GOVB	- 0.5	HRBK
CIBN	- 0.4	TCNB
HRBK	- 0.31	UNTN
FIDS	- 0.3	HRBK

Risk-Adjusted Indicators

There is a big difference between Community Pink Sheet performing well and Community Bankers 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 Community Bankers' 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
UNTN	0.37	0.12	0.00	0.51	0.00	0.00	1.53	(0.10)	5.31
TCNB	0.32	0.01	(0.04)	0.49	0.47	(1.21)	1.33	(0.83)	4.47
TVLF	0.37	0.07	0.00	0.28	0.00	0.00	0.12	(0.12)	7.60
FLEW	2.02	0.44	0.03	(0.41)	3.15	(8.71)	9.70	(2.31)	43.13
HRBK	1.05	(0.27)	0.00	(0.27)	0.00	0.00	1.60	(5.00)	19.98
CIBN	1.24	0.20	0.02	(0.49)	1.86	(3.90)	4.35	(3.93)	23.66
MSBB	0.21	0.06	(0.03)	(0.30)	0.00	(0.75)	0.97	(0.33)	2.60
GOVB	0.85	0.40	0.14	(0.89)	0.20	(2.02)	3.52	(0.87)	10.76
FIDS	1.38	0.33	0.07	4.10	1.32	(3.35)	4.66	(4.00)	12.29
JTNB	0.91	0.08	0.02	0.28	1.05	(2.26)	2.57	(2.50)	6.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in Community Bankers 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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