South Plains Correlations

SPFI Stock

USD 35.33 0.33 0.94%

The current 90-days correlation between South Plains Financial and Community West Bancshares is -0.06 (i.e., Good diversification). The correlation of South Plains 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.

South Plains Correlation With Market

Poor diversification

The correlation between South Plains Financial and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding South Plains Financial 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 South Plains Financial. 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 South Stock

0.86	AX	Axos Financial Earnings Call This Week	Pair Corr
0.82	BY	Byline Bancorp Earnings Call Tomorrow	Pair Corr
0.81	PB	Prosperity Bancshares Earnings Call Today	Pair Corr
0.82	RF	Regions Financial	Pair Corr
0.76	VABK	Virginia National Earnings Call This Week	Pair Corr
0.76	VBNK	VersaBank	Pair Corr
0.85	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.61	TFC-PI	Truist Financial	Pair Corr
0.7	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.75	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.81	EGBN	Eagle Bancorp Earnings Call Today	Pair Corr
0.88	WABC	Westamerica Bancorporation	Pair Corr
0.75	WAFD	Washington Federal	Pair Corr
0.79	WASH	Washington Trust Bancorp Earnings Call Today	Pair Corr
0.88	EQBK	Equity Bancshares, Earnings Call Today	Pair Corr
0.69	ESSA	ESSA Bancorp Earnings Call Today	Pair Corr
0.61	EVBN	Evans Bancorp	Pair Corr
0.82	WMPN	William Penn Bancorp	Pair Corr

Moving against South Stock

0.4

FRCIL

First Republic Bank

Pair Corr

Related Correlations Analysis

	HMNF	SFBC	FNWD	FRAF	CWBC	OVLY	OFED	MNSB	CULL	HFBL
HMNF		-0.14	-0.59	-0.17	-0.17	-0.13	-0.34	-0.26	-0.5	0.44	HMNF
SFBC	-0.14		0.13	0.15	0.27	0.21	0.02	0.26	0.07	-0.2	SFBC
FNWD	-0.59	0.13		0.49	0.4	0.37	0.6	0.46	0.5	-0.62	FNWD
FRAF	-0.17	0.15	0.49		0.76	0.68	-0.02	0.48	-0.22	-0.37	FRAF
CWBC	-0.17	0.27	0.4	0.76		0.92	-0.31	0.74	0.05	-0.36	CWBC
OVLY	-0.13	0.21	0.37	0.68	0.92		-0.3	0.67	0.14	-0.34	OVLY
OFED	-0.34	0.02	0.6	-0.02	-0.31	-0.3		-0.26	0.36	-0.44	OFED
MNSB	-0.26	0.26	0.46	0.48	0.74	0.67	-0.26		0.22	-0.33	MNSB
CULL	-0.5	0.07	0.5	-0.22	0.05	0.14	0.36	0.22		-0.38	CULL
HFBL	0.44	-0.2	-0.62	-0.37	-0.36	-0.34	-0.44	-0.33	-0.38		HFBL
	HMNF	SFBC	FNWD	FRAF	CWBC	OVLY	OFED	MNSB	CULL	HFBL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

OVLY	+ 0.92	CWBC
CWBC	+ 0.76	FRAF
MNSB	+ 0.74	CWBC
OVLY	+ 0.68	FRAF
MNSB	+ 0.67	OVLY
OFED	+ 0.6	FNWD

High negative correlations

HFBL	- 0.62	FNWD
FNWD	- 0.59	HMNF
CULL	- 0.5	HMNF
HFBL	- 0.44	OFED
HFBL	- 0.38	CULL
HFBL	- 0.37	FRAF

Risk-Adjusted Indicators

There is a big difference between South Stock performing well and South Plains 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 South Plains' 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
HMNF	1.88	0.39	0.16	2.51	1.85	(2.37)	4.29	(3.19)	13.15
SFBC	0.90	(0.02)	0.00	0.25	0.00	0.00	3.30	(2.06)	7.41
FNWD	0.98	(0.22)	0.00	(2.35)	0.00	0.00	2.12	(2.53)	8.47
FRAF	1.09	0.16	0.11	1.42	1.04	(1.32)	4.60	(2.17)	11.12
CWBC	1.10	0.04	0.01	0.23	1.33	(1.19)	2.53	(2.11)	11.26
OVLY	1.56	(0.06)	0.00	0.22	0.00	0.00	3.75	(3.81)	14.90
OFED	2.13	(0.25)	0.00	(1.42)	0.00	0.00	3.48	(5.28)	12.66
MNSB	1.47	(0.10)	0.00	(0.82)	0.00	0.00	2.73	(2.61)	12.79
CULL	0.51	(0.11)	0.00	0.92	0.00	0.00	1.18	(1.64)	4.73
HFBL	1.39	0.08	0.02	(0.36)	1.82	(2.16)	4.70	(4.31)	12.54

South Plains Corporate Executives

Elected by the shareholders, the South Plains' board of directors comprises two types of representatives: South Plains inside directors who are chosen from within the company, and outside directors, selected externally and held independent of South. The board's role is to monitor South Plains' management team and ensure that shareholders' interests are well served. South Plains' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, South Plains' outside directors are responsible for providing unbiased perspectives on the board's policies.

Steven CPA

CFO Treasurer

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC