Towne Bank Correlations

TOWN Stock

USD 36.13 0.82 2.32%

The current 90-days correlation between Towne Bank and 1st Source is 0.9 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Towne Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Towne Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Towne Bank Correlation With Market

Poor diversification

The correlation between Towne Bank and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Towne Bank 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 Towne Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Towne Stock, please use our How to Invest in Towne Bank guide.

Moving together with Towne Stock

0.83	AX	Axos Financial	Pair Corr
0.78	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.8	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.76	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.66	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.7	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.77	EBTC	Enterprise Bancorp	Pair Corr
0.81	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.79	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.86	WAFD	Washington Federal	Pair Corr
0.7	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.78	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.64	ESSA	ESSA Bancorp	Pair Corr
0.61	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr

Moving against Towne Stock

0.33

CFG-PE

Citizens Financial

Pair Corr

Related Correlations Analysis

	PWOD	LBC	SRCE	GSBC	WSBF	HBCP	CWBC	FCCO	AFBI	SBFG
PWOD		0.54	0.73	0.66	0.45	0.87	0.15	0.87	0.14	0.66	PWOD
LBC	0.54		0.39	0.25	-0.11	0.35	-0.06	0.35	-0.2	0.39	LBC
SRCE	0.73	0.39		0.95	0.7	0.85	0.6	0.83	0.01	0.2	SRCE
GSBC	0.66	0.25	0.95		0.83	0.84	0.67	0.8	0.08	0.12	GSBC
WSBF	0.45	-0.11	0.7	0.83		0.69	0.64	0.7	0.22	0.1	WSBF
HBCP	0.87	0.35	0.85	0.84	0.69		0.36	0.94	-0.01	0.36	HBCP
CWBC	0.15	-0.06	0.6	0.67	0.64	0.36		0.41	0.12	-0.23	CWBC
FCCO	0.87	0.35	0.83	0.8	0.7	0.94	0.41		0.1	0.38	FCCO
AFBI	0.14	-0.2	0.01	0.08	0.22	-0.01	0.12	0.1		0.28	AFBI
SBFG	0.66	0.39	0.2	0.12	0.1	0.36	-0.23	0.38	0.28		SBFG
	PWOD	LBC	SRCE	GSBC	WSBF	HBCP	CWBC	FCCO	AFBI	SBFG

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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

GSBC	+ 0.95	SRCE
FCCO	+ 0.94	HBCP
HBCP	+ 0.87	PWOD
FCCO	+ 0.87	PWOD
HBCP	+ 0.85	SRCE
HBCP	+ 0.84	GSBC

High negative correlations

SBFG	- 0.23	CWBC
AFBI	- 0.2	LBC
WSBF	- 0.11	LBC
CWBC	- 0.06	LBC
AFBI	- 0.01	HBCP

Risk-Adjusted Indicators

There is a big difference between Towne Stock performing well and Towne 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 Towne 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
PWOD	1.49	0.51	0.28	1.14	1.17	(1.82)	3.95	(2.60)	10.20
LBC	2.06	0.19	0.00	(0.19)	2.16	(2.32)	5.04	(3.88)	10.73
SRCE	1.41	(0.03)	0.06	0.11	1.51	(1.63)	2.92	(3.40)	15.84
GSBC	1.62	(0.07)	0.05	0.09	1.72	(1.78)	3.56	(3.32)	19.09
WSBF	1.48	(0.07)	0.00	0.08	1.64	(1.71)	2.94	(2.65)	15.80
HBCP	1.69	0.09	0.10	0.17	1.75	(2.01)	3.76	(3.12)	12.98
CWBC	1.07	0.04	0.06	0.15	1.07	(1.19)	2.64	(2.16)	9.14
FCCO	1.35	0.21	0.16	0.31	0.95	(1.61)	4.19	(2.20)	11.05
AFBI	0.32	0.03	(0.18)	(0.08)	0.44	(0.41)	0.71	(0.65)	4.44
SBFG	1.87	0.52	0.16	1.29	1.96	(1.98)	4.86	(2.79)	16.36

Towne Bank Corporate Executives

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

	William CPA	Senior CFO	Profile
	Lee Clark	Senior COO	Profile

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