Tectonic Financial Correlations

TECTP Preferred Stock

USD 9.99 0.01 0.10%

The current 90-days correlation between Tectonic Financial and OptimumBank Holdings is -0.15 (i.e., Good diversification). The correlation of Tectonic Financial 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.

Tectonic Financial Correlation With Market

Pay attention - limited upside

The correlation between Tectonic Financial PR and DJI is -0.75 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tectonic Financial PR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tectonic Preferred Stock

0.88	HDB	HDFC Bank Limited	Pair Corr
0.69	CIHKY	China Merchants Bank	Pair Corr
0.78	PBCRY	Bank Central Asia	Pair Corr

Moving against Tectonic Preferred Stock

0.81	MFG	Mizuho Financial Downward Rally	Pair Corr
0.79	PNC	PNC Financial Services	Pair Corr
0.73	CIHHF	China Merchants Bank	Pair Corr
0.73	ITUB	Itau Unibanco Banco	Pair Corr
0.64	FITBP	Fifth Third Bancorp	Pair Corr
0.64	BBDC4	Banco Bradesco SA	Pair Corr
0.58	KB	KB Financial Group	Pair Corr
0.48	BBAS3	Banco do Brasil	Pair Corr
0.47	BKRKY	Bank Rakyat Earnings Call This Week	Pair Corr
0.92	BLAGF	Blue Lagoon Resources	Pair Corr
0.9	MS-PF	Morgan Stanley	Pair Corr
0.81	CYD	China Yuchai Interna Earnings Call This Week	Pair Corr
0.8	BNEFF	Bonterra Energy Corp	Pair Corr
0.68	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.65	ZDZT	Zhengduozhe Technology	Pair Corr
0.58	WF	Woori Financial Group	Pair Corr
0.55	SHG	Shinhan Financial	Pair Corr
0.49	PRTS	CarPartsCom	Pair Corr
0.45	JLHL	Julong Holding	Pair Corr
0.4	SHIP	Seanergy Maritime	Pair Corr
0.37	PNRG	PrimeEnergy	Pair Corr
0.91	TATT	Tat Techno	Pair Corr
0.82	CAMZF	Camino Minerals	Pair Corr
0.81	CELH	Celsius Holdings	Pair Corr
0.8	NTZ	Natuzzi SpA	Pair Corr
0.78	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.75	PYTCY	Playtech PLC ADR	Pair Corr

Related Correlations Analysis

	OPHC	BAFN	TCBS	STLE	PBBK	HFBL	ASRV	CASH	FSEA	MGLD
OPHC		-0.71	0.34	0.0	0.51	0.8	0.87	0.91	0.68	0.51	OPHC
BAFN	-0.71		-0.32	0.0	-0.78	-0.73	-0.56	-0.61	-0.59	-0.36	BAFN
TCBS	0.34	-0.32		0.0	0.57	0.48	0.35	0.38	0.65	-0.11	TCBS
STLE	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	STLE
PBBK	0.51	-0.78	0.57	0.0		0.61	0.38	0.5	0.58	0.16	PBBK
HFBL	0.8	-0.73	0.48	0.0	0.61		0.72	0.79	0.78	0.37	HFBL
ASRV	0.87	-0.56	0.35	0.0	0.38	0.72		0.88	0.57	0.51	ASRV
CASH	0.91	-0.61	0.38	0.0	0.5	0.79	0.88		0.67	0.52	CASH
FSEA	0.68	-0.59	0.65	0.0	0.58	0.78	0.57	0.67		0.21	FSEA
MGLD	0.51	-0.36	-0.11	0.0	0.16	0.37	0.51	0.52	0.21		MGLD
	OPHC	BAFN	TCBS	STLE	PBBK	HFBL	ASRV	CASH	FSEA	MGLD

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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

CASH	+ 0.91	OPHC
CASH	+ 0.88	ASRV
ASRV	+ 0.87	OPHC
HFBL	+ 0.8	OPHC
CASH	+ 0.79	HFBL
FSEA	+ 0.78	HFBL

High negative correlations

PBBK	- 0.78	BAFN
HFBL	- 0.73	BAFN
BAFN	- 0.71	OPHC
CASH	- 0.61	BAFN
FSEA	- 0.59	BAFN
ASRV	- 0.56	BAFN

Risk-Adjusted Indicators

There is a big difference between Tectonic Preferred Stock performing well and Tectonic Financial 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 Tectonic Financial'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
OPHC	1.06	0.39	0.33	0.70	0.55	(1.34)	3.10	(1.36)	9.77
BAFN	1.82	(0.23)	0.00	(0.37)	0.00	0.00	4.48	(4.12)	11.17
TCBS	1.29	0.08	0.03	0.23	1.69	(1.48)	3.90	(2.92)	13.69
STLE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBBK	1.09	0.02	0.00	0.09	1.51	(1.29)	2.40	(2.53)	10.19
HFBL	2.52	0.54	0.11	(1.03)	3.36	(2.64)	6.91	(3.81)	21.75
ASRV	1.73	0.26	0.10	0.31	1.99	(2.16)	3.37	(3.40)	14.58
CASH	1.43	0.43	0.29	0.51	1.02	(1.66)	4.14	(1.75)	10.28
FSEA	1.71	0.25	0.07	(0.74)	2.17	(2.12)	4.23	(3.38)	25.19
MGLD	6.23	0.61	0.08	0.91	6.04	(10.44)	17.24	(12.50)	54.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tectonic Financial 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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Tectonic Financial Corporate Management

CPA CPA	CEO Director	Profile
Ken Bramlage	Ex CFO	Profile
Scott Umbaugh	Pres Division	Profile
Patrick Howard	COO Pres	Profile
Steven Jones	Plano Pres	Profile
George Ball	Ex CoChairman	Profile
Thad Hutcheson	Ex Officer	Profile

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