Pacific West Correlations

PWBK Stock

11.25 0.50 4.26%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pacific West moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pacific West Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pacific West Correlation With Market

Good diversification

The correlation between Pacific West Bancorp and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific West Bancorp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pacific Pink Sheet

0.79	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.8	WMT	Walmart Aggressive Push	Pair Corr
0.75	T	ATT Inc Sell-off Trend	Pair Corr
0.78	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr

Moving against Pacific Pink Sheet

0.85	TCHH	Trustcash Holdings	Pair Corr
0.52	HYMTF	Hyundai Motor	Pair Corr
0.42	TLK	Telkom Indonesia Tbk	Pair Corr
0.82	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.44	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.43	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.42	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.35	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	XCPL	INCC	MMTRS	CTGL	BWVI	DCMDF	ECOX	IJJP	AAPT	OMEX
XCPL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	XCPL
INCC	0.0		-0.19	0.49	0.48	0.59	-0.1	0.11	0.12	0.34	INCC
MMTRS	0.0	-0.19		-0.41	-0.4	-0.3	0.39	0.38	0.35	-0.53	MMTRS
CTGL	0.0	0.49	-0.41		0.97	0.38	-0.05	0.13	0.12	0.49	CTGL
BWVI	0.0	0.48	-0.4	0.97		0.38	0.01	0.12	0.12	0.48	BWVI
DCMDF	0.0	0.59	-0.3	0.38	0.38		0.08	0.11	0.21	0.37	DCMDF
ECOX	0.0	-0.1	0.39	-0.05	0.01	0.08		0.25	0.36	-0.45	ECOX
IJJP	0.0	0.11	0.38	0.13	0.12	0.11	0.25		0.16	-0.11	IJJP
AAPT	0.0	0.12	0.35	0.12	0.12	0.21	0.36	0.16		-0.43	AAPT
OMEX	0.0	0.34	-0.53	0.49	0.48	0.37	-0.45	-0.11	-0.43		OMEX
	XCPL	INCC	MMTRS	CTGL	BWVI	DCMDF	ECOX	IJJP	AAPT	OMEX

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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

BWVI	+ 0.97	CTGL
DCMDF	+ 0.59	INCC
CTGL	+ 0.49	INCC
OMEX	+ 0.49	CTGL
BWVI	+ 0.48	INCC
OMEX	+ 0.48	BWVI

High negative correlations

OMEX	- 0.53	MMTRS
OMEX	- 0.45	ECOX
OMEX	- 0.43	AAPT
CTGL	- 0.41	MMTRS
BWVI	- 0.4	MMTRS
DCMDF	- 0.3	MMTRS

Risk-Adjusted Indicators

There is a big difference between Pacific Pink Sheet performing well and Pacific West 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 Pacific West'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
XCPL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INCC	5,966	3,031	64.77	31.92	33.17	(12,568)	100.00	(50.92)	200,000
MMTRS	0.51	(0.10)	0.00	(0.19)	0.00	0.00	1.31	(1.29)	10.17
CTGL	2.64	(1.38)	0.00	(2.89)	0.00	0.00	0.00	0.00	50.00
BWVI	1.99	(1.05)	0.00	(0.64)	0.00	0.00	0.00	0.00	66.67
DCMDF	1.92	(0.25)	0.00	(0.69)	0.00	0.00	4.90	(3.29)	39.60
ECOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IJJP	9.84	1.55	0.07	(1.66)	9.83	(31.06)	33.33	(25.00)	58.33
AAPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OMEX	6.95	0.67	0.07	0.54	8.61	(9.87)	20.00	(10.00)	107.04

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