Southern Banc Correlations

Summary

SRNNDelisted Stock

USD 12.90 0.00 0.00%

The current 90-days correlation between Southern Banc and 1895 of Wisconsin is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Southern Banc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern Banc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Southern Banc Correlation With Market

Good diversification

The correlation between Southern Banc and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southern Banc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Southern Pink Sheet

0.43

Nu Holdings

Pair Corr

Related Correlations Analysis

	BCOW	OPHC	FBAK	CCNE	PKBK	BKUTK	CNBB	ABBB	KFFB	HCBC
BCOW		0.31	0.41	0.34	0.3	0.5	0.21	-0.12	0.31	0.04	BCOW
OPHC	0.31		0.72	0.84	0.81	0.76	-0.23	-0.43	-0.58	0.25	OPHC
FBAK	0.41	0.72		0.86	0.9	0.87	-0.09	-0.22	-0.42	0.34	FBAK
CCNE	0.34	0.84	0.86		0.96	0.77	-0.23	-0.39	-0.55	0.2	CCNE
PKBK	0.3	0.81	0.9	0.96		0.75	-0.2	-0.39	-0.59	0.24	PKBK
BKUTK	0.5	0.76	0.87	0.77	0.75		-0.14	-0.17	-0.25	0.32	BKUTK
CNBB	0.21	-0.23	-0.09	-0.23	-0.2	-0.14		0.0	0.3	0.01	CNBB
ABBB	-0.12	-0.43	-0.22	-0.39	-0.39	-0.17	0.0		0.41	0.13	ABBB
KFFB	0.31	-0.58	-0.42	-0.55	-0.59	-0.25	0.3	0.41		-0.14	KFFB
HCBC	0.04	0.25	0.34	0.2	0.24	0.32	0.01	0.13	-0.14		HCBC
	BCOW	OPHC	FBAK	CCNE	PKBK	BKUTK	CNBB	ABBB	KFFB	HCBC

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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

PKBK	+ 0.96	CCNE
PKBK	+ 0.9	FBAK
BKUTK	+ 0.87	FBAK
CCNE	+ 0.86	FBAK
CCNE	+ 0.84	OPHC
PKBK	+ 0.81	OPHC

High negative correlations

KFFB	- 0.59	PKBK
KFFB	- 0.58	OPHC
KFFB	- 0.55	CCNE
ABBB	- 0.43	OPHC
KFFB	- 0.42	FBAK
ABBB	- 0.39	PKBK

Risk-Adjusted Indicators

There is a big difference between Southern Pink Sheet performing well and Southern Banc 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 Banc'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
BCOW	0.71	0.20	0.14	1.14	0.36	(1.03)	2.76	(1.19)	6.12
OPHC	1.21	0.14	0.02	(2.51)	1.44	(1.57)	2.75	(1.86)	16.79
FBAK	1.18	0.22	0.07	0.91	1.67	(1.35)	2.50	(2.53)	11.46
CCNE	1.55	0.06	0.10	0.13	1.54	(1.86)	3.47	(1.91)	18.46
PKBK	1.07	0.03	0.05	0.12	1.12	(1.15)	2.28	(1.88)	9.72
BKUTK	1.24	0.31	0.10	3.81	1.04	(2.46)	3.89	(2.00)	10.33
CNBB	0.86	(0.02)	0.00	0.13	0.00	0.00	3.58	(4.07)	11.99
ABBB	0.49	0.01	0.00	(1.96)	0.00	0.00	1.71	0.00	16.45
KFFB	2.72	(0.05)	(0.02)	0.04	3.16	(3.24)	6.72	(5.61)	16.10
HCBC	1.06	0.02	(0.02)	0.02	1.93	(4.50)	3.95	(3.89)	14.60

View Southern Banc Related Equities

1895 of Wisconsin OptimumBank Holdings First National Bank CNB Financial Parke Bancorp Bank Utica Ny Cnb Community Bancorp Auburn Bancorp Kentucky First Federal High Country Bancorp Farmers And Merchants First Keystone Corp Citizens Financial Services Western New England First Financial

Risk & Return

Correlation

Still Interested in Southern Banc?

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