PB Financial Correlations

PBNC Stock

USD 61.60 1.03 1.70%

The current 90-days correlation between PB Financial and Kish Bancorp is 0.09 (i.e., Significant diversification). The correlation of PB Financial 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.

PB Financial Correlation With Market

Poor diversification

The correlation between PB Financial and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PB Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to PB 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 PB 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 PB 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 PB Financial to buy it.

Moving together with PBNC OTC Stock

0.82	BBDO	Banco Bradesco SA	Pair Corr
0.85	JOE	St Joe Company	Pair Corr
0.88	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.87	SLSR	Solaris Resources	Pair Corr
0.7	TATT	Tat Techno	Pair Corr
0.71	USPH	US Physicalrapy	Pair Corr
0.62	GS	Goldman Sachs Group	Pair Corr
0.66	SHIP	Seanergy Maritime	Pair Corr
0.89	LAND	Gladstone Land	Pair Corr
0.83	MEEEF	Metal Energy Corp	Pair Corr
0.87	BFS	Saul Centers	Pair Corr
0.76	NNBR	NN Inc	Pair Corr
0.8	MXCHY	Orbia Advance Corp	Pair Corr
0.73	INTC	Intel	Pair Corr
0.9	FRSB	First Resource Bank	Pair Corr
0.9	AES	AES Aggressive Push	Pair Corr
0.68	PLSE	Pulse Biosciences	Pair Corr
0.85	TOGOF	TomaGold	Pair Corr

Moving against PBNC OTC Stock

0.88	PBCRY	Bank Central Asia	Pair Corr
0.72	PBCRF	PT Bank Central	Pair Corr
0.33	BAM	Brookfield Asset Man Normal Trading	Pair Corr
0.54	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	KISB	PONT	PBNK	TYFG	SOMC	PFLC	PRMY	CNBP	CBBI	TYBT
KISB		-0.49	-0.83	0.84	0.77	0.64	0.68	0.23	0.73	0.31	KISB
PONT	-0.49		0.36	-0.67	-0.65	-0.54	-0.6	-0.26	-0.77	-0.82	PONT
PBNK	-0.83	0.36		-0.72	-0.65	-0.48	-0.59	-0.18	-0.61	-0.05	PBNK
TYFG	0.84	-0.67	-0.72		0.88	0.87	0.9	0.56	0.91	0.39	TYFG
SOMC	0.77	-0.65	-0.65	0.88		0.87	0.91	0.6	0.88	0.34	SOMC
PFLC	0.64	-0.54	-0.48	0.87	0.87		0.95	0.8	0.84	0.23	PFLC
PRMY	0.68	-0.6	-0.59	0.9	0.91	0.95		0.78	0.9	0.24	PRMY
CNBP	0.23	-0.26	-0.18	0.56	0.6	0.8	0.78		0.56	-0.05	CNBP
CBBI	0.73	-0.77	-0.61	0.91	0.88	0.84	0.9	0.56		0.48	CBBI
TYBT	0.31	-0.82	-0.05	0.39	0.34	0.23	0.24	-0.05	0.48		TYBT
	KISB	PONT	PBNK	TYFG	SOMC	PFLC	PRMY	CNBP	CBBI	TYBT

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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

PRMY	+ 0.95	PFLC
CBBI	+ 0.91	TYFG
PRMY	+ 0.91	SOMC
PRMY	+ 0.9	TYFG
CBBI	+ 0.9	PRMY
SOMC	+ 0.88	TYFG

High negative correlations

PBNK	- 0.83	KISB
TYBT	- 0.82	PONT
CBBI	- 0.77	PONT
TYFG	- 0.72	PBNK
TYFG	- 0.67	PONT
SOMC	- 0.65	PBNK

Risk-Adjusted Indicators

There is a big difference between PBNC OTC Stock performing well and PB Financial OTC Stock 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 PB 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
KISB	0.71	0.27	0.21	2.26	0.00	(1.45)	2.57	(0.98)	5.51
PONT	0.03	(0.01)	0.00	0.18	0.00	0.00	0.00	0.00	1.44
PBNK	0.42	(0.16)	0.00	(0.91)	0.00	0.00	1.03	(1.55)	4.81
TYFG	0.31	0.08	0.02	31.91	0.28	(0.56)	1.21	(0.51)	3.79
SOMC	0.57	0.08	0.03	0.56	0.57	(1.08)	1.80	(1.11)	5.85
PFLC	0.64	0.20	0.14	4.28	0.42	(0.87)	1.21	(1.26)	4.28
PRMY	0.31	0.14	0.00	(1.76)	0.00	0.00	1.17	(0.73)	2.87
CNBP	0.95	0.32	0.00	1.35	0.00	0.00	2.19	(0.01)	21.30
CBBI	0.94	0.18	0.11	0.74	0.92	(1.11)	2.54	(1.90)	6.25
TYBT	0.35	(0.10)	0.00	(0.19)	0.00	0.00	1.38	(1.09)	7.92

Be your own money manager

Our tools can tell you how much better you can do entering a position in PB 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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