LCNB Correlations

LCNB Stock

USD 15.10 0.36 2.33%

The current 90-days correlation between LCNB and Affinity Bancshares is 0.01 (i.e., Significant diversification). The correlation of LCNB 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.

LCNB Correlation With Market

Significant diversification

The correlation between LCNB Corp. and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LCNB Corp. and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LCNB Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with LCNB Stock

0.87	AX	Axos Financial	Pair Corr
0.85	BY	Byline Bancorp	Pair Corr
0.71	PB	Prosperity Bancshares	Pair Corr
0.79	RF	Regions Financial	Pair Corr
0.87	VABK	Virginia National	Pair Corr
0.83	VBNK	VersaBank Normal Trading	Pair Corr
0.91	VBTX	Veritex Holdings	Pair Corr
0.76	TFC-PI	Truist Financial	Pair Corr
0.87	EBMT	Eagle Bancorp Montana	Pair Corr
0.63	ECBK	ECB Bancorp	Pair Corr
0.64	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.92	EGBN	Eagle Bancorp	Pair Corr
0.67	KEY-PJ	KeyCorp	Pair Corr
0.72	KEY-PK	KeyCorp	Pair Corr
0.89	WABC	Westamerica Bancorporation	Pair Corr
0.83	WAFD	Washington Federal	Pair Corr
0.76	WASH	Washington Trust Bancorp	Pair Corr
0.89	EQBK	Equity Bancshares,	Pair Corr
0.8	WMPN	William Penn Bancorp	Pair Corr

Moving against LCNB Stock

0.41

Deutsche Bank AG

Pair Corr

Related Correlations Analysis

	AFBI	MSWV	MNSB	WAYN	OVLY	OFED	BSVN	CULL	HFBL	HMNF
AFBI		0.4	0.64	0.45	0.68	0.6	0.34	0.3	-0.51	-0.42	AFBI
MSWV	0.4		0.27	0.32	0.4	0.42	0.35	-0.16	-0.31	0.08	MSWV
MNSB	0.64	0.27		0.31	0.76	0.09	0.44	0.14	-0.46	-0.26	MNSB
WAYN	0.45	0.32	0.31		0.28	0.26	0.15	-0.16	-0.17	-0.14	WAYN
OVLY	0.68	0.4	0.76	0.28		0.38	0.78	0.17	-0.55	-0.42	OVLY
OFED	0.6	0.42	0.09	0.26	0.38		0.17	0.36	-0.56	-0.34	OFED
BSVN	0.34	0.35	0.44	0.15	0.78	0.17		-0.01	-0.33	-0.29	BSVN
CULL	0.3	-0.16	0.14	-0.16	0.17	0.36	-0.01		-0.21	-0.5	CULL
HFBL	-0.51	-0.31	-0.46	-0.17	-0.55	-0.56	-0.33	-0.21		0.41	HFBL
HMNF	-0.42	0.08	-0.26	-0.14	-0.42	-0.34	-0.29	-0.5	0.41		HMNF
	AFBI	MSWV	MNSB	WAYN	OVLY	OFED	BSVN	CULL	HFBL	HMNF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

BSVN	+ 0.78	OVLY
OVLY	+ 0.76	MNSB
OVLY	+ 0.68	AFBI
MNSB	+ 0.64	AFBI
OFED	+ 0.6	AFBI
WAYN	+ 0.45	AFBI

High negative correlations

HFBL	- 0.56	OFED
HFBL	- 0.55	OVLY
HFBL	- 0.51	AFBI
HMNF	- 0.5	CULL
HFBL	- 0.46	MNSB
HMNF	- 0.42	OVLY

Risk-Adjusted Indicators

There is a big difference between LCNB Stock performing well and LCNB 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 LCNB'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
AFBI	0.97	(0.23)	0.00	(0.66)	0.00	0.00	2.48	(1.63)	22.47
MSWV	0.53	0.01	(0.04)	(0.30)	0.88	(0.75)	1.00	(1.11)	10.35
MNSB	1.39	(0.12)	0.00	(0.52)	0.00	0.00	2.73	(2.35)	12.79
WAYN	1.38	0.26	0.00	1.76	0.00	0.00	3.60	(4.59)	8.19
OVLY	1.59	(0.06)	0.00	(0.02)	0.00	0.00	4.00	(3.81)	14.90
OFED	2.13	(0.29)	0.00	(0.36)	0.00	0.00	3.48	(5.28)	12.66
BSVN	1.86	0.07	0.02	0.22	1.98	(2.38)	5.40	(3.20)	16.06
CULL	0.51	(0.14)	0.00	(0.47)	0.00	0.00	1.18	(1.64)	4.73
HFBL	1.48	0.08	(0.01)	(0.16)	2.10	(2.09)	5.67	(4.53)	13.83
HMNF	1.88	0.42	0.14	(1.00)	1.85	(2.37)	4.29	(3.19)	13.15

LCNB Corporate Executives

Elected by the shareholders, the LCNB's board of directors comprises two types of representatives: LCNB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of LCNB. The board's role is to monitor LCNB's management team and ensure that shareholders' interests are well served. LCNB's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, LCNB's outside directors are responsible for providing unbiased perspectives on the board's policies.

Robert II

Executive CFO

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC