HCB Financial Correlations

HCBN Stock

USD 41.00 1.70 3.98%

The current 90-days correlation between HCB Financial Corp and Community Capital Bancshares is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HCB Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HCB Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

HCB Financial Correlation With Market

Poor diversification

The correlation between HCB Financial Corp and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HCB Financial Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with HCB Pink Sheet

0.61	CIHHF	China Merchants Bank	Pair Corr
0.73	BBDC4	Banco Bradesco SA	Pair Corr
0.93	MFG	Mizuho Financial	Pair Corr
0.68	BBAS3	Banco do Brasil	Pair Corr
0.88	ITUB	Itau Unibanco Banco Aggressive Push	Pair Corr
0.84	PNC	PNC Financial Services Sell-off Trend	Pair Corr
0.73	NNBR	NN Inc	Pair Corr
0.79	MEGI	MainStay CBRE Global Normal Trading	Pair Corr
0.86	FRSB	First Resource Bank	Pair Corr
0.81	GRBK	Green Brick Partners	Pair Corr
0.79	LAND	Gladstone Land	Pair Corr
0.76	TOGOF	TomaGold	Pair Corr
0.66	GS	Goldman Sachs Group	Pair Corr
0.85	BNEFF	Bonterra Energy Corp	Pair Corr
0.76	MXCHY	Orbia Advance Corp	Pair Corr
0.86	JOE	St Joe Company	Pair Corr
0.75	PLSE	Pulse Biosciences	Pair Corr
0.82	MEEEF	Metal Energy Corp	Pair Corr
0.72	BBDO	Banco Bradesco SA	Pair Corr

Moving against HCB Pink Sheet

0.67	HDB	HDFC Bank Limited	Pair Corr
0.66	EQC	Equity Commonwealth	Pair Corr
0.6	ROBOF	RoboGroup TEK	Pair Corr
0.57	CIHKY	China Merchants Bank	Pair Corr
0.41	CDIV	Cascadia Investments	Pair Corr
0.44	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	ALBY	STBI	ANDC	WSSH	OAKV	CIZN	MFBP
ALBY		-0.53	-0.31	-0.69	-0.48	-0.59	-0.39	ALBY
STBI	-0.53		0.47	0.82	0.71	0.86	0.75	STBI
ANDC	-0.31	0.47		0.52	0.27	0.23	0.49	ANDC
WSSH	-0.69	0.82	0.52		0.74	0.79	0.7	WSSH
OAKV	-0.48	0.71	0.27	0.74		0.68	0.57	OAKV
CIZN	-0.59	0.86	0.23	0.79	0.68		0.69	CIZN
MFBP	-0.39	0.75	0.49	0.7	0.57	0.69		MFBP
	ALBY	STBI	ANDC	WSSH	OAKV	CIZN	MFBP

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

CIZN	+ 0.86	STBI
WSSH	+ 0.82	STBI
CIZN	+ 0.79	WSSH
MFBP	+ 0.75	STBI
OAKV	+ 0.74	WSSH
OAKV	+ 0.71	STBI

High negative correlations

WSSH	- 0.69	ALBY
CIZN	- 0.59	ALBY
STBI	- 0.53	ALBY
OAKV	- 0.48	ALBY
MFBP	- 0.39	ALBY
ANDC	- 0.31	ALBY

Risk-Adjusted Indicators

There is a big difference between HCB Pink Sheet performing well and HCB 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 HCB 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
ALBY	0.28	(0.03)	0.00	(2.82)	0.00	0.00	0.86	(0.86)	4.47
STBI	0.77	0.18	0.09	(9.70)	0.69	(1.24)	2.19	(2.04)	4.86
ANDC	0.76	0.03	(0.02)	(0.04)	1.04	(2.53)	2.16	(2.63)	8.35
WSSH	0.55	0.22	0.00	2.47	0.00	0.00	1.86	(0.43)	6.26
OAKV	1.27	0.16	0.04	(0.35)	1.46	(1.75)	2.59	(2.52)	7.56
CIZN	1.11	0.58	0.30	3.87	0.66	(1.42)	4.86	(1.76)	9.52
MFBP	0.99	0.15	0.05	0.41	1.07	(2.22)	3.63	(2.34)	8.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in HCB Financial 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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HCB Financial Corporate Management

Julie Palmatier	VP Director	Profile
Timothy Tierney	VP Banking	Profile
Kimberly Finkbeiner	VP Operations	Profile
Mark Kolanowski	CEO Pres	Profile
Randoulph CFP	VP Management	Profile
Khaja Ahmed	VP Credit	Profile
Richard Zwiernikowski	VP CFO	Profile

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