Great Southern Correlations

GSBC Stock

USD 58.99 1.00 1.67%

The current 90-days correlation between Great Southern Bancorp and Community West Bancshares is 0.8 (i.e., Very poor diversification). The correlation of Great Southern 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.

Great Southern Correlation With Market

Average diversification

The correlation between Great Southern Bancorp and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great Southern Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Great Southern Bancorp. 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.

Moving together with Great Stock

0.88	AX	Axos Financial	Pair Corr
0.92	BY	Byline Bancorp	Pair Corr
0.74	PB	Prosperity Bancshares	Pair Corr
0.77	RF	Regions Financial	Pair Corr
0.63	VABK	Virginia National	Pair Corr
0.62	VBNK	VersaBank	Pair Corr
0.85	VBTX	Veritex Holdings	Pair Corr
0.64	EBMT	Eagle Bancorp Montana	Pair Corr
0.76	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.83	EGBN	Eagle Bancorp	Pair Corr
0.89	WABC	Westamerica Bancorporation	Pair Corr
0.67	WAFD	Washington Federal	Pair Corr
0.62	WASH	Washington Trust Bancorp	Pair Corr
0.84	EQBK	Equity Bancshares,	Pair Corr
0.83	EVBN	Evans Bancorp	Pair Corr
0.7	EWBC	East West Bancorp	Pair Corr
0.68	WMPN	William Penn Bancorp	Pair Corr

Moving against Great Stock

0.47	FRCCL	First Republic Bank	Pair Corr
0.47	FRCHL	First Republic Bank	Pair Corr

Related Correlations Analysis

	HMNF	FNWB	CWBC	FFNW	FCAP	HTBI	HBCP	OFED	CULL
HMNF		-0.1	-0.19	-0.6	-0.27	0.04	-0.07	-0.34	-0.5	HMNF
FNWB	-0.1		0.72	0.23	-0.43	0.69	0.58	-0.08	-0.19	FNWB
CWBC	-0.19	0.72		0.53	-0.39	0.83	0.81	0.14	-0.06	CWBC
FFNW	-0.6	0.23	0.53		0.37	0.43	0.66	0.74	0.34	FFNW
FCAP	-0.27	-0.43	-0.39	0.37		-0.21	0.02	0.68	0.22	FCAP
HTBI	0.04	0.69	0.83	0.43	-0.21		0.9	0.24	-0.29	HTBI
HBCP	-0.07	0.58	0.81	0.66	0.02	0.9		0.44	-0.21	HBCP
OFED	-0.34	-0.08	0.14	0.74	0.68	0.24	0.44		0.36	OFED
CULL	-0.5	-0.19	-0.06	0.34	0.22	-0.29	-0.21	0.36		CULL
	HMNF	FNWB	CWBC	FFNW	FCAP	HTBI	HBCP	OFED	CULL

Click cells to compare fundamentals

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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

HBCP	+ 0.9	HTBI
HTBI	+ 0.83	CWBC
HBCP	+ 0.81	CWBC
OFED	+ 0.74	FFNW
CWBC	+ 0.72	FNWB
HTBI	+ 0.69	FNWB

High negative correlations

FFNW	- 0.6	HMNF
CULL	- 0.5	HMNF
FCAP	- 0.43	FNWB
FCAP	- 0.39	CWBC
OFED	- 0.34	HMNF
CULL	- 0.29	HTBI

Risk-Adjusted Indicators

There is a big difference between Great Stock performing well and Great Southern 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 Great Southern'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
HMNF	1.88	0.37	0.14	1.51	1.85	(2.37)	4.29	(3.19)	13.15
FNWB	1.27	(0.01)	(0.03)	0.05	1.53	(1.38)	2.98	(2.74)	8.98
CWBC	1.08	0.03	(0.01)	0.13	1.27	(1.16)	2.53	(1.95)	11.26
FFNW	0.80	(0.12)	0.00	(0.32)	0.00	0.00	1.58	(1.74)	4.32
FCAP	1.59	(0.02)	0.00	0.20	0.00	0.00	4.54	(3.38)	11.75
HTBI	1.50	0.15	0.07	0.34	1.64	(1.79)	2.80	(2.27)	18.89
HBCP	1.61	0.07	0.02	0.20	1.87	(1.84)	3.32	(3.07)	14.40
OFED	2.13	(0.25)	0.00	(1.80)	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.12)	0.00	(9.59)	0.00	0.00	1.18	(1.64)	4.73

Great Southern Corporate Management

Matt Snyder	Chief Officer	Profile
Tammy Baurichter	Controller	Profile
Bryan Tiede	Chief Officer	Profile
Laura Smith	Chief Officer	Profile

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