Security Bancorp Correlations

SCYT Stock

USD 94.00 0.77 0.81%

The current 90-days correlation between Security Bancorp and Pioneer Bankshares is -0.03 (i.e., Good diversification). The correlation of Security Bancorp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Security Bancorp Correlation With Market

Average diversification

The correlation between Security Bancorp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Security Bancorp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Security Pink Sheet

0.61	CIHHF	China Merchants Bank	Pair Corr
0.85	MFG	Mizuho Financial	Pair Corr
0.68	BNPQY	BNP Paribas SA	Pair Corr
0.65	BRK-B	Berkshire Hathaway	Pair Corr
0.68	ZPTA	Zapata Computing Holdings Buyout Trend	Pair Corr
0.75	ULTA	Ulta Beauty	Pair Corr
0.75	CX	Cemex SAB de Aggressive Push	Pair Corr
0.67	ALVLF	Big Ridge Gold	Pair Corr
0.8	HL	Hecla Mining Aggressive Push	Pair Corr
0.67	APGE	Apogee Therapeutics,	Pair Corr
0.66	RLMD	Relmada Therapeutics	Pair Corr
0.74	GM	General Motors	Pair Corr
0.75	CRRFY	Carrefour SA PK	Pair Corr

Moving against Security Pink Sheet

0.59	IBN	ICICI Bank Limited	Pair Corr
0.46	USB-PH	US Bancorp	Pair Corr
0.64	CYPS	Cyclo3pss	Pair Corr
0.41	WOLF	Wolfspeed,	Pair Corr
0.32	AMD	Advanced Micro Devices Sell-off Trend	Pair Corr
0.38	SMGKF	Smiths Group plc	Pair Corr

Related Correlations Analysis

	PNBI	HCKG	MDVT	HFBA	GTPS	CYSM	HCBC	PCLB	EXCH	BHDB
PNBI		0.05	0.82	0.79	0.59	0.53	0.79	0.45	0.5	-0.04	PNBI
HCKG	0.05		0.09	0.09	0.13	0.24	0.1	-0.05	0.2	0.12	HCKG
MDVT	0.82	0.09		0.94	0.6	0.6	0.95	0.61	0.63	0.12	MDVT
HFBA	0.79	0.09	0.94		0.56	0.62	0.85	0.59	0.58	0.03	HFBA
GTPS	0.59	0.13	0.6	0.56		0.74	0.63	0.36	0.58	-0.05	GTPS
CYSM	0.53	0.24	0.6	0.62	0.74		0.61	0.53	0.74	0.09	CYSM
HCBC	0.79	0.1	0.95	0.85	0.63	0.61		0.56	0.66	0.16	HCBC
PCLB	0.45	-0.05	0.61	0.59	0.36	0.53	0.56		0.49	0.03	PCLB
EXCH	0.5	0.2	0.63	0.58	0.58	0.74	0.66	0.49		-0.01	EXCH
BHDB	-0.04	0.12	0.12	0.03	-0.05	0.09	0.16	0.03	-0.01		BHDB
	PNBI	HCKG	MDVT	HFBA	GTPS	CYSM	HCBC	PCLB	EXCH	BHDB

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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

HCBC	+ 0.95	MDVT
HFBA	+ 0.94	MDVT
HCBC	+ 0.85	HFBA
MDVT	+ 0.82	PNBI
HFBA	+ 0.79	PNBI
HCBC	+ 0.79	PNBI

High negative correlations

BHDB	- 0.05	GTPS
PCLB	- 0.05	HCKG
BHDB	- 0.04	PNBI
BHDB	- 0.01	EXCH

Risk-Adjusted Indicators

There is a big difference between Security Pink Sheet performing well and Security Bancorp 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 Security Bancorp'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
PNBI	0.59	0.12	0.01	(6.54)	1.00	(1.70)	1.37	(0.93)	14.17
HCKG	1.89	0.86	0.00	7.40	0.00	0.00	0.43	(0.97)	61.14
MDVT	0.91	0.30	0.19	2.00	0.47	(1.49)	3.74	(1.44)	10.00
HFBA	0.41	0.15	0.00	2.55	0.00	0.00	2.04	0.00	5.17
GTPS	0.86	0.21	0.06	(2.35)	0.87	(1.93)	3.22	(2.19)	10.25
CYSM	0.97	0.26	0.12	1.09	0.55	(2.65)	4.00	(1.93)	9.31
HCBC	1.66	0.22	0.10	0.43	1.47	(2.57)	4.65	(2.98)	12.19
PCLB	0.44	0.00	(0.03)	(0.01)	0.86	(2.01)	1.49	(1.05)	8.50
EXCH	0.86	0.43	0.00	6.53	0.00	0.00	0.64	0.00	16.50
BHDB	0.71	0.08	0.00	0.33	0.00	0.00	4.97	(1.00)	16.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Security Bancorp 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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Security Bancorp Corporate Management

Robert Newman	S Director	Profile
Kenneth Martin	TN McMinnville	Profile
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Angela Brown	Chief Officer	Profile
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Michael Griffith	Ex Director	Profile

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