| PBNK Stock | | | USD 19.50 0.01 0.05% |
The current 90-days correlation between Pinnacle Bank and PSB Holdings is -0.21 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pinnacle Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pinnacle Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Pinnacle Bank Correlation With Market
Average diversification
The correlation between Pinnacle Bank and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pinnacle Bank and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Pinnacle Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pinnacle Bank 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 Pinnacle Bank - 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 Pinnacle Bank to buy it.
Moving together with Pinnacle OTC Stock
Moving against Pinnacle OTC Stock
Related Correlations Analysis
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 | UOVEY | | PSBQ | | UOVEY | | SGBLY | | PSBQ | | SGBLY | | TKGBY | | SGBLY |
| | High negative correlations |
Risk-Adjusted IndicatorsThere is a big difference between Pinnacle OTC Stock performing well and Pinnacle Bank 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 Pinnacle Bank'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.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Pinnacle Bank 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.
| | Money ManagersScreen money managers from public funds and ETFs managed around the world |
Pinnacle Bank Corporate Management
Elected by the shareholders, the Pinnacle Bank's board of directors comprises two types of representatives: Pinnacle Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pinnacle. The board's role is to monitor Pinnacle Bank's management team and ensure that shareholders' interests are well served. Pinnacle Bank'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, Pinnacle Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.