Citizens Bancshares Correlations
| CZBS Stock | USD 54.00 0.01 0.02% |
The correlation of Citizens Bancshares 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.
Citizens Bancshares Correlation With Market
Significant diversification
The correlation between Citizens Bancshares Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citizens Bancshares Corp and DJI in the same portfolio, assuming nothing else is changed.
Citizens |
The ability to find closely correlated positions to Citizens Bancshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citizens Bancshares 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 Citizens Bancshares - 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 Citizens Bancshares Corp to buy it.
Moving together with Citizens Pink Sheet
| 0.8 | WMT | Walmart Aggressive Push | PairCorr |
| 0.77 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.8 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.68 | HPQ | HP Inc | PairCorr |
| 0.71 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.81 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.66 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.91 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.78 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Moving against Citizens Pink Sheet
| 0.91 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.88 | QLGN | Qualigen Therapeutics | PairCorr |
| 0.81 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.78 | SGD | Safe and Green | PairCorr |
| 0.72 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.65 | MULN | Mullen Automotive | PairCorr |
| 0.54 | PG | Procter Gamble | PairCorr |
| 0.33 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Citizens Pink Sheet performing well and Citizens Bancshares 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 Citizens Bancshares' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HRBK | 1.37 | 0.46 | 0.08 | (1.38) | 1.08 | 6.95 | 15.81 | |||
| BFCC | 0.90 | 0.20 | 0.04 | 2.30 | 0.94 | 2.98 | 9.40 | |||
| CRZY | 0.36 | (0.04) | 0.00 | 0.44 | 0.00 | 1.34 | 6.25 | |||
| SFDL | 0.51 | 0.11 | 0.00 | 5.05 | 0.41 | 1.85 | 7.81 | |||
| MFBP | 0.99 | 0.03 | (0.03) | (0.05) | 1.77 | 3.60 | 10.95 | |||
| MNMB | 0.61 | 0.01 | (0.04) | 0.18 | 0.92 | 1.69 | 11.45 | |||
| MNBO | 0.27 | (0.05) | 0.00 | 0.97 | 0.00 | 0.00 | 7.32 | |||
| UBAB | 0.82 | 0.25 | 0.08 | (0.89) | 0.74 | 2.49 | 6.24 | |||
| CBOBA | 0.31 | 0.12 | (0.01) | (2.48) | 0.00 | 0.88 | 2.29 |
Be your own money manager
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Citizens Bancshares Corporate Management
| Frederick Daniels | Chief Credit Officer and Executive VP | Profile | |
| Samuel CPA | Ex CFO | Profile | |
| Karen Jackson | VP | Profile | |
| Cynthia CPA | CEO Pres | Profile | |
| Farrand Logan | Exec Devel | Profile |