United Bancshares Correlations

Summary

UBOHDelisted Stock

USD 20.40 0.00 0.00%

The current 90-days correlation between United Bancshares and Delhi Bank Corp is -0.02 (i.e., Good diversification). The correlation of United Bancshares 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.

United Bancshares Correlation With Market

Very good diversification

The correlation between United Bancshares and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Bancshares and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with United OTC Stock

0.72	AX	Axos Financial	Pair Corr
0.69	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.66	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.63	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.67	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.65	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr

Moving against United OTC Stock

0.66	CFG-PE	Citizens Financial	Pair Corr
0.6	TFC-PR	Truist Financial	Pair Corr
0.58	TFC-PO	Truist Financial	Pair Corr
0.47	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	CCFC	DWNX	BKUT	FMFP	FCCT	FFBC	PFC	TFSL	AX	FIDS
CCFC		-0.41	-0.83	0.76	-0.48	-0.49	-0.51	-0.49	-0.52	-0.62	CCFC
DWNX	-0.41		0.31	-0.49	0.32	0.23	0.27	0.17	0.25	0.26	DWNX
BKUT	-0.83	0.31		-0.83	0.37	0.74	0.75	0.72	0.75	0.53	BKUT
FMFP	0.76	-0.49	-0.83		-0.26	-0.76	-0.81	-0.7	-0.78	-0.7	FMFP
FCCT	-0.48	0.32	0.37	-0.26		-0.01	0.02	0.01	0.0	0.28	FCCT
FFBC	-0.49	0.23	0.74	-0.76	-0.01		0.99	0.97	0.99	0.35	FFBC
PFC	-0.51	0.27	0.75	-0.81	0.02	0.99		0.96	0.98	0.38	PFC
TFSL	-0.49	0.17	0.72	-0.7	0.01	0.97	0.96		0.97	0.31	TFSL
AX	-0.52	0.25	0.75	-0.78	0.0	0.99	0.98	0.97		0.34	AX
FIDS	-0.62	0.26	0.53	-0.7	0.28	0.35	0.38	0.31	0.34		FIDS
	CCFC	DWNX	BKUT	FMFP	FCCT	FFBC	PFC	TFSL	AX	FIDS

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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

PFC	+ 0.99	FFBC
AX	+ 0.99	FFBC
AX	+ 0.98	PFC
TFSL	+ 0.97	FFBC
AX	+ 0.97	TFSL
TFSL	+ 0.96	PFC

High negative correlations

FMFP	- 0.83	BKUT
BKUT	- 0.83	CCFC
PFC	- 0.81	FMFP
AX	- 0.78	FMFP
FFBC	- 0.76	FMFP
FIDS	- 0.7	FMFP

Risk-Adjusted Indicators

There is a big difference between United OTC Stock performing well and United Bancshares OTC Stock 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 United Bancshares' 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
CCFC	0.47	(0.18)	0.00	(1.98)	0.00	0.00	0.60	(2.55)	7.12
DWNX	0.12	(0.01)	(0.20)	0.46	0.21	(0.45)	0.49	(0.58)	1.47
BKUT	0.53	0.17	0.00	1.47	0.00	0.00	2.65	0.00	5.81
FMFP	0.95	(0.26)	0.00	0.37	0.00	0.00	0.00	(3.76)	14.87
FCCT	0.23	(0.01)	0.00	(0.09)	0.00	0.00	0.00	0.00	7.04
FFBC	1.56	(0.06)	0.06	0.09	1.55	(1.88)	3.11	(3.41)	18.14
PFC	1.55	(0.05)	0.06	0.10	1.42	(1.99)	3.48	(3.10)	18.87
TFSL	1.16	(0.03)	0.02	0.10	1.28	(1.25)	2.24	(2.67)	11.86
AX	1.98	0.01	0.13	0.12	1.60	(2.39)	3.68	(2.77)	23.34
FIDS	0.63	0.21	0.00	(1.63)	0.00	0.00	0.00	0.00	16.87

View United Bancshares Related Equities

CCSB Financial Corp Delhi Bank Corp Bank of Utica First Community Financial First Community First Financial Bancorp Premier Financial Corp TFS Financial Axos Financial FNB Inc Apollo Bancorp Commercial National Financial Community Bankers Pinnacle Bancshares Century Financial Corp

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Still Interested in United Bancshares?

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