SB Financial Correlations

SBFG Stock

USD 21.75 0.41 1.92%

The current 90-days correlation between SB Financial Group and Cullman Bancorp is 0.08 (i.e., Significant diversification). The correlation of SB 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.

SB Financial Correlation With Market

Significant diversification

The correlation between SB Financial Group and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SB Financial Group and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SB Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with SBFG Stock

0.73	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.68	ECBK	ECB Bancorp	Pair Corr
0.67	CFG-PH	Citizens Financial Group,	Pair Corr
0.73	KEY-PK	KeyCorp	Pair Corr
0.76	KEY-PL	KeyCorp	Pair Corr
0.65	ESSA	ESSA Bancorp	Pair Corr
0.68	EVBN	Evans Bancorp	Pair Corr
0.76	WSBCP	WesBanco	Pair Corr

Moving against SBFG Stock

0.85	FRCIL	First Republic Bank	Pair Corr
0.8	FRCCL	First Republic Bank	Pair Corr
0.8	FRCHL	First Republic Bank	Pair Corr
0.4	WBBW	Westbury Bancorp	Pair Corr

Related Correlations Analysis

	CULL	HMNF	HFBL	HVBC	LSBK	NKSH	OFED	CIZN	SFBC	FNWD
CULL		-0.5	0.09	-0.54	-0.3	-0.4	0.36	0.39	-0.17	-0.32	CULL
HMNF	-0.5		-0.16	0.4	0.3	0.43	-0.34	-0.62	0.39	0.21	HMNF
HFBL	0.09	-0.16		0.08	0.17	0.15	-0.27	-0.06	-0.01	0.13	HFBL
HVBC	-0.54	0.4	0.08		0.35	0.37	-0.25	-0.33	0.19	0.41	HVBC
LSBK	-0.3	0.3	0.17	0.35		0.32	-0.72	-0.49	0.09	0.67	LSBK
NKSH	-0.4	0.43	0.15	0.37	0.32		-0.46	-0.49	-0.16	0.22	NKSH
OFED	0.36	-0.34	-0.27	-0.25	-0.72	-0.46		0.72	0.04	-0.66	OFED
CIZN	0.39	-0.62	-0.06	-0.33	-0.49	-0.49	0.72		-0.14	-0.41	CIZN
SFBC	-0.17	0.39	-0.01	0.19	0.09	-0.16	0.04	-0.14		0.1	SFBC
FNWD	-0.32	0.21	0.13	0.41	0.67	0.22	-0.66	-0.41	0.1		FNWD
	CULL	HMNF	HFBL	HVBC	LSBK	NKSH	OFED	CIZN	SFBC	FNWD

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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

CIZN	+ 0.72	OFED
FNWD	+ 0.67	LSBK
NKSH	+ 0.43	HMNF
FNWD	+ 0.41	HVBC
HVBC	+ 0.4	HMNF
CIZN	+ 0.39	CULL

High negative correlations

OFED	- 0.72	LSBK
FNWD	- 0.66	OFED
CIZN	- 0.62	HMNF
HVBC	- 0.54	CULL
HMNF	- 0.5	CULL
CIZN	- 0.49	NKSH

Risk-Adjusted Indicators

There is a big difference between SBFG Stock performing well and SB Financial 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 SB 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
CULL	0.51	(0.12)	0.00	39.32	0.00	0.00	1.18	(1.64)	4.73
HMNF	1.88	0.36	0.12	1.37	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.56	(0.16)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
HVBC	1.51	0.33	0.08	2.99	2.03	(1.59)	2.68	(4.11)	18.63
LSBK	1.20	0.12	(0.01)	(0.36)	1.38	(1.62)	3.69	(3.23)	8.64
NKSH	1.91	0.10	0.00	1.29	2.27	(2.09)	3.66	(3.46)	9.36
OFED	2.13	(0.20)	0.00	0.69	0.00	0.00	3.48	(5.28)	12.66
CIZN	0.88	(0.08)	0.00	1.74	0.00	0.00	3.00	(2.14)	6.16
SFBC	1.30	0.21	0.05	(1.14)	1.24	(1.79)	3.30	(2.45)	11.33
FNWD	0.96	0.17	0.07	0.74	0.74	(1.21)	2.48	(1.80)	12.55

SB Financial Corporate Management

Melissa Martin	Executive Relations	Profile
Steven Walz	Ex Officer	Profile
Keeta Diller	Corporate Secretary	Profile
David Homoelle	Regional Columbus	Profile
Scott Armey	Senior Manager	Profile

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