CommerceWest Bank Correlations

CWBK Stock

USD 37.24 1.26 3.50%

The current 90-days correlation between CommerceWest Bank and Dimeco Inc is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CommerceWest Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CommerceWest Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CommerceWest Bank Correlation With Market

Good diversification

The correlation between CommerceWest Bank and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CommerceWest Bank and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CommerceWest OTC Stock

0.84	ZPTA	Zapata Computing Holdings Tech Boost	Pair Corr
0.61	CX	Cemex SAB de Sell-off Trend	Pair Corr
0.72	ALVLF	Big Ridge Gold	Pair Corr
0.62	HL	Hecla Mining	Pair Corr
0.85	BLMC	Biloxi Marsh Lands	Pair Corr
0.61	CRRFY	Carrefour SA PK	Pair Corr

Moving against CommerceWest OTC Stock

0.5	USB-PH	US Bancorp	Pair Corr
0.43	IBN	ICICI Bank Limited	Pair Corr
0.61	26442TAG2	US26442TAG22	Pair Corr
0.38	CYPS	Cyclo3pss	Pair Corr

Related Correlations Analysis

	SLBK	DIMC	UBOH	CHBH	PSBQ	MPCB	FFDF	SOMC	SFDL	FKYS
SLBK		0.85	-0.02	0.55	-0.51	0.74	0.69	-0.72	0.56	0.11	SLBK
DIMC	0.85		-0.06	0.62	-0.53	0.83	0.73	-0.8	0.62	0.07	DIMC
UBOH	-0.02	-0.06		0.48	0.65	-0.04	-0.06	0.39	0.46	0.7	UBOH
CHBH	0.55	0.62	0.48		0.02	0.63	0.47	-0.42	0.69	0.54	CHBH
PSBQ	-0.51	-0.53	0.65	0.02		-0.5	-0.52	0.76	0.02	0.25	PSBQ
MPCB	0.74	0.83	-0.04	0.63	-0.5		0.68	-0.79	0.47	0.12	MPCB
FFDF	0.69	0.73	-0.06	0.47	-0.52	0.68		-0.62	0.49	0.31	FFDF
SOMC	-0.72	-0.8	0.39	-0.42	0.76	-0.79	-0.62		-0.35	0.1	SOMC
SFDL	0.56	0.62	0.46	0.69	0.02	0.47	0.49	-0.35		0.5	SFDL
FKYS	0.11	0.07	0.7	0.54	0.25	0.12	0.31	0.1	0.5		FKYS
	SLBK	DIMC	UBOH	CHBH	PSBQ	MPCB	FFDF	SOMC	SFDL	FKYS

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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

DIMC	+ 0.85	SLBK
MPCB	+ 0.83	DIMC
SOMC	+ 0.76	PSBQ
MPCB	+ 0.74	SLBK
FFDF	+ 0.73	DIMC
FKYS	+ 0.7	UBOH

High negative correlations

SOMC	- 0.8	DIMC
SOMC	- 0.79	MPCB
SOMC	- 0.72	SLBK
SOMC	- 0.62	FFDF
PSBQ	- 0.53	DIMC
FFDF	- 0.52	PSBQ

Risk-Adjusted Indicators

There is a big difference between CommerceWest OTC Stock performing well and CommerceWest Bank OTC Stock 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 CommerceWest Bank'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
SLBK	0.53	0.16	0.10	(1.61)	0.34	(0.89)	1.58	(0.97)	6.58
DIMC	0.68	0.22	0.11	0.95	0.67	(0.95)	1.94	(1.01)	8.08
UBOH	1.15	0.31	0.15	1.28	0.91	(1.88)	3.47	(2.77)	13.05
CHBH	0.71	0.06	0.01	0.23	1.02	(1.11)	1.98	(1.48)	8.61
PSBQ	0.40	0.00	(0.07)	0.09	0.51	(0.67)	0.99	(1.24)	3.58
MPCB	0.76	0.20	0.05	(0.52)	0.77	(2.69)	3.11	(1.06)	11.85
FFDF	0.39	0.04	(0.02)	1.75	0.57	(0.92)	0.98	(1.12)	5.40
SOMC	0.27	(0.03)	0.00	(0.14)	0.00	0.00	1.01	(0.64)	2.68
SFDL	0.33	0.08	0.02	0.75	0.20	(1.19)	1.20	(0.47)	4.78
FKYS	0.82	0.09	0.02	1.07	0.77	(1.33)	2.13	(1.41)	5.81

Be your own money manager

Our tools can tell you how much better you can do entering a position in CommerceWest Bank 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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