Southern Missouri Correlations

SMBC Stock

USD 58.73 0.31 0.53%

The current 90-days correlation between Southern Missouri Bancorp and Investar Holding Corp is 0.88 (i.e., Very poor diversification). The correlation of Southern Missouri 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.

Southern Missouri Correlation With Market

Average diversification

The correlation between Southern Missouri 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 Southern Missouri Bancorp 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 Southern Missouri Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Southern Stock

0.9	AX	Axos Financial	Pair Corr
0.89	BY	Byline Bancorp	Pair Corr
0.77	PB	Prosperity Bancshares	Pair Corr
0.87	RF	Regions Financial	Pair Corr
0.64	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.92	VABK	Virginia National	Pair Corr
0.88	VBNK	VersaBank	Pair Corr
0.89	VBTX	Veritex Holdings	Pair Corr
0.74	TFC-PI	Truist Financial	Pair Corr
0.86	EBMT	Eagle Bancorp Montana	Pair Corr
0.61	ECBK	ECB Bancorp	Pair Corr
0.7	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.98	EGBN	Eagle Bancorp	Pair Corr
0.75	KEY-PJ	KeyCorp	Pair Corr
0.8	KEY-PK	KeyCorp	Pair Corr
0.96	WABC	Westamerica Bancorporation	Pair Corr
0.9	WAFD	Washington Federal	Pair Corr
0.9	WASH	Washington Trust Bancorp	Pair Corr
0.96	EQBK	Equity Bancshares,	Pair Corr
0.79	EWBC	East West Bancorp	Pair Corr
0.89	WMPN	William Penn Bancorp	Pair Corr

Moving against Southern Stock

0.41	DB	Deutsche Bank AG	Pair Corr
0.37	TECTP	Tectonic Financial	Pair Corr

Related Correlations Analysis

	CRZBF	OFED	ISTR	CBAN	CULL	TCFC	CIZN	WNEB	IROQ	OPOF
CRZBF		0.66	-0.09	-0.11	0.02	0.82	0.48	-0.55	-0.64	-0.7	CRZBF
OFED	0.66		0.46	0.16	0.36	0.71	0.72	-0.31	-0.79	-0.94	OFED
ISTR	-0.09	0.46		0.72	0.18	-0.12	0.5	0.5	-0.42	-0.39	ISTR
CBAN	-0.11	0.16	0.72		-0.32	-0.4	0.12	0.67	-0.01	-0.08	CBAN
CULL	0.02	0.36	0.18	-0.32		0.36	0.39	-0.25	-0.39	-0.38	CULL
TCFC	0.82	0.71	-0.12	-0.4	0.36		0.52	-0.73	-0.67	-0.75	TCFC
CIZN	0.48	0.72	0.5	0.12	0.39	0.52		-0.27	-0.79	-0.79	CIZN
WNEB	-0.55	-0.31	0.5	0.67	-0.25	-0.73	-0.27		0.38	0.38	WNEB
IROQ	-0.64	-0.79	-0.42	-0.01	-0.39	-0.67	-0.79	0.38		0.83	IROQ
OPOF	-0.7	-0.94	-0.39	-0.08	-0.38	-0.75	-0.79	0.38	0.83		OPOF
	CRZBF	OFED	ISTR	CBAN	CULL	TCFC	CIZN	WNEB	IROQ	OPOF

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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

OPOF	+ 0.83	IROQ
TCFC	+ 0.82	CRZBF
CIZN	+ 0.72	OFED
CBAN	+ 0.72	ISTR
TCFC	+ 0.71	OFED
WNEB	+ 0.67	CBAN

High negative correlations

OPOF	- 0.94	OFED
OPOF	- 0.79	CIZN
IROQ	- 0.79	CIZN
IROQ	- 0.79	OFED
OPOF	- 0.75	TCFC
WNEB	- 0.73	TCFC

Risk-Adjusted Indicators

There is a big difference between Southern Stock performing well and Southern Missouri 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 Southern Missouri'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
CRZBF	0.67	0.06	0.00	0.44	0.00	0.00	0.00	0.00	16.39
OFED	2.13	(0.27)	0.00	(0.85)	0.00	0.00	3.48	(5.28)	12.66
ISTR	1.54	(0.13)	0.00	(0.22)	0.00	0.00	2.82	(3.28)	17.96
CBAN	1.42	0.13	0.06	0.25	1.45	(1.75)	2.90	(2.00)	18.44
CULL	0.51	(0.10)	0.00	0.50	0.00	0.00	1.18	(1.64)	4.73
TCFC	1.58	(0.29)	0.00	1.38	0.00	0.00	3.97	(2.77)	12.19
CIZN	0.88	(0.07)	0.00	0.64	0.00	0.00	3.00	(2.14)	6.16
WNEB	0.99	0.11	0.03	0.60	1.02	(1.30)	2.93	(1.81)	9.25
IROQ	1.55	0.14	0.05	0.29	2.04	(1.76)	3.11	(3.42)	13.04
OPOF	1.12	0.33	0.13	4.62	1.36	(1.23)	3.17	(1.58)	11.44

Southern Missouri Corporate Management

Richard Windes	Executive Officer	Profile
Christopher Roberts	Executive Region	Profile
Daniel CPA	Market Director	Profile
Martin Weishaar	Executive Officer	Profile

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