CVB Financial Correlations

CVBF Stock

USD 20.84 0.22 1.04%

The current 90-days correlation between CVB Financial and First Interstate BancSystem is 0.93 (i.e., Almost no diversification). The correlation of CVB Financial 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.

CVB Financial Correlation With Market

Average diversification

The correlation between CVB Financial and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CVB Financial 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 CVB Financial. 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 labor statistics.

For more detail on how to invest in CVB Stock please use our How to Invest in CVB Financial guide.

Moving together with CVB Stock

0.93	AX	Axos Financial	Pair Corr
0.95	BY	Byline Bancorp	Pair Corr
0.85	PB	Prosperity Bancshares	Pair Corr
0.84	RF	Regions Financial	Pair Corr
0.63	VABK	Virginia National	Pair Corr
0.64	VBNK	VersaBank Normal Trading	Pair Corr
0.8	VBTX	Veritex Holdings	Pair Corr
0.89	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.82	EGBN	Eagle Bancorp	Pair Corr
0.88	WABC	Westamerica Bancorporation	Pair Corr
0.66	WAFD	Washington Federal	Pair Corr
0.85	EQBK	Equity Bancshares,	Pair Corr
0.87	EVBN	Evans Bancorp	Pair Corr
0.62	WMPN	William Penn Bancorp	Pair Corr
0.7	WNEB	Western New England	Pair Corr

Moving against CVB Stock

0.61	FRCCL	First Republic Bank	Pair Corr
0.61	FRCHL	First Republic Bank	Pair Corr
0.55	FRCIL	First Republic Bank	Pair Corr

Related Correlations Analysis

	FIBK	FFIN	EBMT	BRKL	KRNY	EQBK	HFWA	FVCB	LNKB
FIBK		0.79	0.52	0.93	0.82	0.86	0.92	0.63	0.64	FIBK
FFIN	0.79		0.8	0.77	0.9	0.92	0.81	0.76	0.37	FFIN
EBMT	0.52	0.8		0.46	0.72	0.79	0.49	0.88	0.2	EBMT
BRKL	0.93	0.77	0.46		0.83	0.83	0.95	0.55	0.71	BRKL
KRNY	0.82	0.9	0.72	0.83		0.93	0.89	0.77	0.51	KRNY
EQBK	0.86	0.92	0.79	0.83	0.93		0.88	0.84	0.4	EQBK
HFWA	0.92	0.81	0.49	0.95	0.89	0.88		0.63	0.62	HFWA
FVCB	0.63	0.76	0.88	0.55	0.77	0.84	0.63		0.29	FVCB
LNKB	0.64	0.37	0.2	0.71	0.51	0.4	0.62	0.29		LNKB
	FIBK	FFIN	EBMT	BRKL	KRNY	EQBK	HFWA	FVCB	LNKB

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Risk-Adjusted Indicators

There is a big difference between CVB Stock performing well and CVB Financial 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 CVB Financial'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
FIBK	1.49	0.08	0.01	0.28	1.74	(1.81)	3.54	(3.30)	18.74
FFIN	1.62	0.02	(0.03)	0.30	1.84	(1.88)	3.42	(2.73)	20.57
EBMT	1.00	(0.11)	0.00	0.56	0.00	0.00	2.40	(2.48)	8.02
BRKL	1.38	0.22	0.11	0.61	1.25	(1.54)	3.56	(2.41)	15.14
KRNY	1.94	(0.01)	(0.03)	0.07	2.21	(2.41)	3.37	(3.60)	24.16
EQBK	1.35	0.02	(0.02)	0.12	1.50	(1.67)	3.20	(2.65)	14.55
HFWA	1.41	0.18	0.08	0.39	1.57	(1.49)	2.91	(2.94)	21.63
FVCB	2.30	(0.11)	0.00	(0.05)	0.00	0.00	4.69	(5.31)	16.48
LNKB	1.61	0.13	0.05	0.28	1.72	(1.76)	3.44	(2.98)	10.93

CVB Financial Corporate Management

Francene CPA	Senior Officer	Profile
Michael Currie	Senior Officer	Profile
Robert Banis	Executive Bank	Profile
Richard JD	Executive Counsel	Profile
Larry Zivelonghi	Executive Bank	Profile

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