KS Bancorp Correlations

KSBI Stock

USD 52.05 0.45 0.86%

The current 90-days correlation between KS Bancorp and National Bankshares is 0.04 (i.e., Significant diversification). The correlation of KS Bancorp 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.

KS Bancorp Correlation With Market

Average diversification

The correlation between KS Bancorp and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KS Bancorp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against KSBI Pink Sheet

0.56	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.5	HD	Home Depot	Pair Corr
0.47	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.41	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.39	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.36	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	CARE	BRBS	FBNC	TFC	PACWP	NKSH	NFBK	NRIM	HTBK	USB
CARE		0.77	0.85	0.74	0.22	0.74	0.84	0.69	0.69	0.9	CARE
BRBS	0.77		0.87	0.91	0.32	0.76	0.89	0.9	0.87	0.83	BRBS
FBNC	0.85	0.87		0.88	0.25	0.85	0.95	0.9	0.9	0.84	FBNC
TFC	0.74	0.91	0.88		0.3	0.77	0.93	0.85	0.89	0.85	TFC
PACWP	0.22	0.32	0.25	0.3		0.3	0.39	0.22	0.47	0.22	PACWP
NKSH	0.74	0.76	0.85	0.77	0.3		0.87	0.76	0.8	0.72	NKSH
NFBK	0.84	0.89	0.95	0.93	0.39	0.87		0.85	0.93	0.85	NFBK
NRIM	0.69	0.9	0.9	0.85	0.22	0.76	0.85		0.85	0.74	NRIM
HTBK	0.69	0.87	0.9	0.89	0.47	0.8	0.93	0.85		0.7	HTBK
USB	0.9	0.83	0.84	0.85	0.22	0.72	0.85	0.74	0.7		USB
	CARE	BRBS	FBNC	TFC	PACWP	NKSH	NFBK	NRIM	HTBK	USB

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Risk-Adjusted Indicators

There is a big difference between KSBI Pink Sheet performing well and KS Bancorp 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 KS Bancorp'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
CARE	1.42	0.01	0.07	0.13	1.31	(1.65)	3.08	(2.25)	14.08
BRBS	1.61	0.20	0.18	0.24	1.09	(2.30)	3.26	(2.70)	18.27
FBNC	1.58	(0.01)	0.08	0.12	1.50	(1.89)	3.82	(2.51)	16.50
TFC	1.25	0.01	0.08	0.13	1.17	(1.48)	2.46	(2.46)	12.77
PACWP	6.28	0.98	0.07	(1.09)	10.08	(6.95)	13.02	(11.06)	63.67
NKSH	1.94	(0.02)	0.02	0.11	2.24	(2.16)	3.92	(3.48)	10.92
NFBK	1.93	(0.04)	0.09	0.11	1.75	(2.35)	4.31	(2.85)	20.29
NRIM	1.95	0.21	0.20	0.20	1.64	(2.33)	4.39	(3.54)	20.99
HTBK	1.46	(0.05)	0.06	0.10	1.38	(1.88)	3.53	(2.24)	17.09
USB	1.35	0.07	0.12	0.16	1.18	(1.64)	2.86	(2.31)	10.98

Be your own money manager

Our tools can tell you how much better you can do entering a position in KS Bancorp 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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KS Bancorp Corporate Management

William Clarke	Sr Inc	Profile
Roger Thomas	Ex Officer	Profile
Denise Elliott	Co Sec	Profile
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John Parker	Ex Officer	Profile

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