Associated Banc Correlations

ASB Stock

USD 25.82 0.12 0.47%

The current 90-days correlation between Associated Banc Corp and Nicolet Bankshares is 0.69 (i.e., Poor diversification). The correlation of Associated Banc 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.

Associated Banc Correlation With Market

Poor diversification

The correlation between Associated Banc Corp 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 Associated Banc Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Associated Banc Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Associated Stock

0.96	AX	Axos Financial Earnings Call This Week	Pair Corr
0.93	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.93	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.85	KB	KB Financial Group Earnings Call Today	Pair Corr
0.89	NU	Nu Holdings Aggressive Push	Pair Corr
0.93	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.96	RF	Regions Financial Buyout Trend	Pair Corr
0.83	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.82	VABK	Virginia National	Pair Corr
0.69	VBNK	VersaBank	Pair Corr
0.85	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.8	TECTP	Tectonic Financial	Pair Corr
0.9	TFC-PO	Truist Financial	Pair Corr
0.83	TFC-PR	Truist Financial	Pair Corr
0.9	CFG-PE	Citizens Financial	Pair Corr
0.87	CFG-PH	Citizens Financial Group,	Pair Corr
0.98	EFSC	Enterprise Financial Earnings Call Today	Pair Corr
0.72	KEY-PI	KeyCorp Earnings Call Tomorrow	Pair Corr
0.77	KEY-PJ	KeyCorp Earnings Call Tomorrow	Pair Corr
0.81	KEY-PK	KeyCorp Earnings Call Tomorrow	Pair Corr
0.86	KEY-PL	KeyCorp Earnings Call Tomorrow	Pair Corr
0.86	WABC	Westamerica Bancorporation	Pair Corr
0.91	WAFD	Washington Federal	Pair Corr
0.8	WASH	Washington Trust Bancorp Earnings Call Today	Pair Corr
0.84	BANC-PF	Banc of California Earnings Call Today	Pair Corr
0.92	EQBK	Equity Bancshares,	Pair Corr
0.91	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.68	TFINP	Triumph Financial	Pair Corr
0.92	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.84	WNEB	Western New England Earnings Call Tomorrow	Pair Corr
0.98	WSBC	WesBanco	Pair Corr

Related Correlations Analysis

	NIC	ONB	CADE	FNB	ABCB	BKU	PB	HOMB	WTFC
NIC		0.89	0.9	0.93	0.91	0.93	0.89	0.87	0.9	NIC
ONB	0.89		0.95	0.95	0.91	0.96	0.97	0.93	0.91	ONB
CADE	0.9	0.95		0.99	0.95	0.96	0.95	0.86	0.95	CADE
FNB	0.93	0.95	0.99		0.96	0.97	0.93	0.88	0.97	FNB
ABCB	0.91	0.91	0.95	0.96		0.96	0.93	0.92	0.99	ABCB
BKU	0.93	0.96	0.96	0.97	0.96		0.96	0.94	0.96	BKU
PB	0.89	0.97	0.95	0.93	0.93	0.96		0.94	0.91	PB
HOMB	0.87	0.93	0.86	0.88	0.92	0.94	0.94		0.9	HOMB
WTFC	0.9	0.91	0.95	0.97	0.99	0.96	0.91	0.9		WTFC
	NIC	ONB	CADE	FNB	ABCB	BKU	PB	HOMB	WTFC

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Risk-Adjusted Indicators

There is a big difference between Associated Stock performing well and Associated Banc 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 Associated Banc'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
NIC	1.34	0.36	0.28	0.57	0.78	(1.66)	3.39	(1.54)	7.01
ONB	1.37	0.12	0.10	0.23	1.40	(1.59)	3.56	(2.01)	8.12
CADE	1.42	0.22	0.16	0.30	1.31	(1.71)	3.04	(2.85)	9.76
FNB	1.30	0.30	0.23	0.38	1.03	(1.59)	3.20	(1.71)	8.55
ABCB	1.19	0.26	0.22	0.35	0.87	(1.44)	2.79	(1.71)	8.02
BKU	1.41	0.20	0.14	0.28	1.48	(1.56)	3.54	(2.62)	9.63
PB	0.98	0.06	0.04	0.19	1.05	(1.01)	2.62	(2.08)	7.25
HOMB	1.07	0.12	0.10	0.26	0.96	(1.22)	3.16	(1.67)	6.90
WTFC	1.28	0.27	0.22	0.34	1.02	(1.50)	3.01	(1.76)	8.59

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Associated Banc Correlations

Associated Banc Correlation With Market

Poor diversification

Moving together with Associated Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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