Signature Bank Correlations
| SBNYLDelisted Stock | USD 0.02 0.00 0.00% |
The current 90-days correlation between Signature Bank and PennantPark Floating Rate is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Signature Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Signature Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Signature Bank Correlation With Market
Good diversification
The correlation between Signature Bank and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Signature Bank and DJI in the same portfolio, assuming nothing else is changed.
Signature |
The ability to find closely correlated positions to Signature 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 Signature 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 Signature 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 Signature Bank to buy it.
Moving together with Signature Pink Sheet
Moving against Signature Pink Sheet
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| 0.64 | EBMT | Eagle Bancorp Montana Normal Trading | PairCorr |
| 0.64 | ECBK | ECB Bancorp | PairCorr |
| 0.56 | VBFC | Village Bank | PairCorr |
| 0.56 | KEY-PJ | KeyCorp | PairCorr |
| 0.5 | EGBN | Eagle Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.49 | TECTP | Tectonic Financial | PairCorr |
| 0.45 | VBNK | VersaBank Fiscal Year End 11th of December 2024 | PairCorr |
| 0.42 | KB | KB Financial Group | PairCorr |
| 0.4 | VBTX | Veritex Holdings Normal Trading | PairCorr |
| 0.36 | KEY-PI | KeyCorp | PairCorr |
| 0.32 | EBTC | Enterprise Bancorp | PairCorr |
| 0.78 | TFINP | Triumph Financial | PairCorr |
| 0.71 | KEY-PL | KeyCorp | PairCorr |
| 0.62 | KEY-PK | KeyCorp | PairCorr |
| 0.61 | WSBCP | WesBanco | PairCorr |
| 0.51 | EVBN | Evans Bancorp | PairCorr |
| 0.5 | WMPN | William Penn Bancorp | PairCorr |
| 0.48 | WAFDP | Washington Federal | PairCorr |
| 0.47 | EWBC | East West Bancorp Fiscal Year End 28th of January 2025 | PairCorr |
| 0.47 | OCFCP | OceanFirst Financial Corp | PairCorr |
| 0.4 | ESSA | ESSA Bancorp | PairCorr |
| 0.38 | WASH | Washington Trust Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Signature Pink Sheet performing well and Signature Bank 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 Signature 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PFLT | 0.59 | 0.01 | (0.08) | 0.18 | 0.99 | 1.09 | 5.12 | |||
| GMS | 1.42 | (0.03) | 0.01 | 0.10 | 1.92 | 2.62 | 8.96 | |||
| STEP | 1.48 | 0.12 | 0.11 | 0.18 | 1.60 | 2.82 | 16.32 | |||
| GFF | 1.74 | 0.20 | 0.14 | 0.24 | 1.74 | 3.14 | 22.84 | |||
| WRN | 1.82 | (0.10) | (0.04) | 0.00 | 2.57 | 3.51 | 20.61 | |||
| FCRM | 1.14 | 0.34 | 0.00 | (0.21) | 0.00 | 0.00 | 41.26 | |||
| ZEUS | 2.10 | (0.15) | 0.00 | 0.05 | 2.57 | 4.04 | 14.90 | |||
| KALU | 1.68 | (0.08) | 0.02 | 0.08 | 2.04 | 2.71 | 14.56 |
Signature Bank Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Signature Bank pink sheet to make a market-neutral strategy. Peer analysis of Signature Bank could also be used in its relative valuation, which is a method of valuing Signature Bank by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Signature Bank?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.