Trinity Bank Correlations

TYBT Stock

USD 96.50 1.50 1.53%

The current 90-days correlation between Trinity Bank National and Pinnacle Bank is 0.26 (i.e., Modest diversification). The correlation of Trinity 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Trinity Bank Correlation With Market

Good diversification

The correlation between Trinity Bank National and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trinity Bank National and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Trinity 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 Trinity 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 Trinity 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 Trinity Bank National to buy it.

Moving against Trinity Pink Sheet

0.57	CIHHF	China Merchants Bank	Pair Corr
0.55	MRLWF	Marlowe Plc	Pair Corr
0.33	AMPH	Amphastar P	Pair Corr
0.57	TRV	The Travelers Companies	Pair Corr
0.56	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.45	MCD	McDonalds Earnings Call This Week	Pair Corr
0.4	JNJ	Johnson Johnson	Pair Corr
0.39	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.32	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	PBNK	PFLC	TYFG	CNBP	PONT	CPKF	BNCC	SOMC	WRIV	PBNC
PBNK		-0.48	-0.6	-0.38	0.17	-0.49	-0.54	-0.42	-0.59	-0.65	PBNK
PFLC	-0.48		0.9	0.91	-0.58	0.93	0.83	0.79	0.9	0.84	PFLC
TYFG	-0.6	0.9		0.79	-0.55	0.84	0.87	0.75	0.91	0.89	TYFG
CNBP	-0.38	0.91	0.79		-0.54	0.94	0.66	0.66	0.74	0.66	CNBP
PONT	0.17	-0.58	-0.55	-0.54		-0.46	-0.71	-0.63	-0.68	-0.59	PONT
CPKF	-0.49	0.93	0.84	0.94	-0.46		0.73	0.75	0.82	0.77	CPKF
BNCC	-0.54	0.83	0.87	0.66	-0.71	0.73		0.81	0.95	0.94	BNCC
SOMC	-0.42	0.79	0.75	0.66	-0.63	0.75	0.81		0.89	0.77	SOMC
WRIV	-0.59	0.9	0.91	0.74	-0.68	0.82	0.95	0.89		0.93	WRIV
PBNC	-0.65	0.84	0.89	0.66	-0.59	0.77	0.94	0.77	0.93		PBNC
	PBNK	PFLC	TYFG	CNBP	PONT	CPKF	BNCC	SOMC	WRIV	PBNC

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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

WRIV	+ 0.95	BNCC
CPKF	+ 0.94	CNBP
PBNC	+ 0.94	BNCC
CPKF	+ 0.93	PFLC
PBNC	+ 0.93	WRIV
CNBP	+ 0.91	PFLC

High negative correlations

BNCC	- 0.71	PONT
WRIV	- 0.68	PONT
PBNC	- 0.65	PBNK
SOMC	- 0.63	PONT
TYFG	- 0.6	PBNK
PBNC	- 0.59	PONT

Risk-Adjusted Indicators

There is a big difference between Trinity Pink Sheet performing well and Trinity 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 Trinity 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
PBNK	0.38	(0.15)	0.00	(0.84)	0.00	0.00	0.74	(1.32)	2.90
PFLC	0.47	0.19	0.21	0.92	0.00	(0.75)	1.27	(0.85)	3.84
TYFG	0.32	0.08	0.05	0.58	0.28	(0.56)	1.21	(0.51)	3.79
CNBP	0.85	0.32	0.00	(0.63)	0.00	0.00	2.19	0.00	21.30
PONT	0.03	(0.01)	0.00	(0.61)	0.00	0.00	0.00	0.00	1.44
CPKF	0.67	0.34	0.22	5.51	0.00	(1.06)	2.18	(0.66)	6.68
BNCC	0.69	0.27	0.31	(1.53)	0.00	(1.02)	2.02	(0.90)	6.30
SOMC	0.61	0.04	0.01	0.26	0.73	(1.12)	1.80	(1.72)	5.85
WRIV	0.41	0.23	0.52	0.85	0.00	(0.77)	1.49	(0.21)	3.96
PBNC	0.44	0.21	0.00	(1.96)	0.00	0.00	1.53	(0.17)	5.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in Trinity Bank 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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