SB Financial Correlations

SBFG Stock

USD 21.40 0.31 1.47%

The current 90-days correlation between SB Financial Group and Richmond Mutual Bancorporation is 0.49 (i.e., Very weak 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

Very weak diversification

The correlation between SB Financial Group and DJI is 0.4 (i.e., Very weak 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.

Build AI portfolio with SBFG Stock

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 price.

Moving together with SBFG Stock

0.64	VABK	Virginia National	Pair Corr
0.64	CPF	Central Pacific Financial	Pair Corr
0.84	FUNC	First United	Pair Corr
0.64	HWBK	Hawthorn Bancshares	Pair Corr
0.68	IBOC	International Bancshares	Pair Corr
0.77	LCNB	LCNB	Pair Corr
0.69	BPRN	Bank Of Princeton	Pair Corr
0.76	BWFG	Bankwell Financial	Pair Corr
0.79	FCAP	First Capital	Pair Corr

Moving against SBFG Stock

0.63	3YB	Postal Savings Bank	Pair Corr
0.34	BKLRF	Berkeley Energy	Pair Corr

Related Correlations Analysis

	RMBI	AFBI	PNBK	MGYR	EBMT	SFBC	SRBK	UNB	LSBK	RVSB
RMBI		0.75	0.81	0.62	0.78	-0.39	0.83	0.75	0.74	0.16	RMBI
AFBI	0.75		0.83	0.55	0.7	-0.64	0.61	0.53	0.6	-0.22	AFBI
PNBK	0.81	0.83		0.38	0.57	-0.58	0.55	0.49	0.45	-0.14	PNBK
MGYR	0.62	0.55	0.38		0.9	-0.41	0.76	0.81	0.78	0.02	MGYR
EBMT	0.78	0.7	0.57	0.9		-0.41	0.9	0.87	0.87	0.12	EBMT
SFBC	-0.39	-0.64	-0.58	-0.41	-0.41		-0.22	-0.32	-0.31	0.55	SFBC
SRBK	0.83	0.61	0.55	0.76	0.9	-0.22		0.81	0.87	0.27	SRBK
UNB	0.75	0.53	0.49	0.81	0.87	-0.32	0.81		0.8	0.15	UNB
LSBK	0.74	0.6	0.45	0.78	0.87	-0.31	0.87	0.8		0.07	LSBK
RVSB	0.16	-0.22	-0.14	0.02	0.12	0.55	0.27	0.15	0.07		RVSB
	RMBI	AFBI	PNBK	MGYR	EBMT	SFBC	SRBK	UNB	LSBK	RVSB

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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

EBMT	+ 0.9	MGYR
SRBK	+ 0.9	EBMT
UNB	+ 0.87	EBMT
LSBK	+ 0.87	EBMT
LSBK	+ 0.87	SRBK
SRBK	+ 0.83	RMBI

High negative correlations

SFBC	- 0.64	AFBI
SFBC	- 0.58	PNBK
SFBC	- 0.41	EBMT
SFBC	- 0.41	MGYR
SFBC	- 0.39	RMBI
UNB	- 0.32	SFBC

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
RMBI	1.15	0.06	0.03	0.17	1.20	(1.38)	3.23	(2.55)	7.33
AFBI	1.11	0.17	0.06	(0.64)	1.24	(1.26)	2.12	(2.06)	13.88
PNBK	3.55	0.31	0.07	0.24	4.35	(4.00)	6.98	(8.24)	21.77
MGYR	0.95	0.17	0.06	(3.38)	0.97	(1.05)	2.15	(2.10)	6.33
EBMT	1.16	0.50	0.34	3.18	0.75	(1.40)	3.36	(1.80)	7.09
SFBC	0.47	(0.05)	0.00	(0.61)	0.00	0.00	0.92	(1.03)	5.09
SRBK	0.96	0.21	0.13	0.58	1.02	(1.05)	2.84	(1.36)	8.56
UNB	1.29	0.08	0.02	0.37	1.75	(1.36)	2.71	(2.54)	11.80
LSBK	0.76	0.17	0.11	1.20	0.66	(0.87)	1.98	(1.49)	5.16
RVSB	1.17	(0.08)	0.00	(0.03)	0.00	0.00	3.33	(2.50)	7.28

SB Financial Corporate Management

Juan Gaytan	Executive Officer	Profile
Melissa Martin	Executive Relations	Profile
Steven Walz	Ex Officer	Profile
Keeta Diller	Corporate Secretary	Profile
David Homoelle	Regional Columbus	Profile

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