Security Bank Correlations
| SYBJFDelisted Stock | USD 1.51 0.00 0.00% |
The current 90-days correlation between Security Bank and Merchants Marine Bancorp is -0.11 (i.e., Good diversification). The correlation of Security Bank 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.
Security Bank Correlation With Market
Good diversification
The correlation between Security Bank and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Security Bank and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Security 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 Security 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 Security 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 Security Bank to buy it.
Moving together with Security Pink Sheet
Moving against Security Pink Sheet
| 0.75 | CIHKY | China Merchants Bank Normal Trading | PairCorr |
| 0.73 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.71 | VLKAF | Volkswagen AG | PairCorr |
| 0.71 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.69 | BBAS3 | Banco do Brasil | PairCorr |
| 0.68 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.63 | MNPR | Monopar Therapeutics | PairCorr |
| 0.5 | BNPQY | BNP Paribas SA | PairCorr |
| 0.49 | BNPQF | BNP Paribas SA | PairCorr |
| 0.45 | USB-PH | US Bancorp | PairCorr |
| 0.32 | AMZN | Amazon Inc Earnings Call This Week | PairCorr |
| 0.79 | MMM | 3M Company | PairCorr |
| 0.59 | JPM | JPMorgan Chase | PairCorr |
| 0.48 | DNA | Ginkgo Bioworks Holdings Upward Rally | PairCorr |
| 0.34 | BA | Boeing | PairCorr |
| 0.32 | EXCH | Exchange Bankshares | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Security Pink Sheet performing well and Security 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 Security 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MNMB | 0.72 | (0.19) | 0.00 | (1.01) | 0.00 | 1.29 | 6.41 | |||
| FNLC | 1.75 | 0.03 | (0.02) | 0.23 | 1.98 | 2.97 | 23.54 | |||
| CCNE | 1.30 | (0.02) | (0.04) | 0.02 | 1.79 | 2.63 | 18.63 | |||
| MNBO | 0.22 | 0.01 | 0.00 | 0.03 | 0.00 | 0.16 | 5.14 | |||
| HRBK | 2.10 | 0.59 | 0.12 | 0.77 | 1.89 | 7.60 | 31.13 | |||
| OSBK | 0.43 | 0.05 | 0.00 | 0.64 | 0.00 | 1.75 | 13.15 | |||
| MVLY | 0.73 | 0.10 | 0.00 | (0.38) | 1.05 | 3.34 | 9.63 | |||
| MSBC | 1.04 | 0.19 | 0.00 | 1.02 | 0.00 | 3.50 | 7.79 | |||
| FUNC | 0.77 | 0.04 | (0.03) | 0.32 | 0.98 | 2.22 | 10.85 | |||
| FCCO | 1.21 | 0.16 | 0.07 | 0.41 | 1.35 | 3.05 | 10.09 |
Security 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 Security Bank pink sheet to make a market-neutral strategy. Peer analysis of Security Bank could also be used in its relative valuation, which is a method of valuing Security Bank by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Security 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.