Southern California Correlations

BCAL Stock

USD 16.36 0.04 0.24%

The current 90-days correlation between Southern California and Virginia National Bankshares is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Southern California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern California Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Southern California Correlation With Market

Poor diversification

The correlation between Southern California Bancorp and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southern California Bancorp 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 Southern California Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Southern Stock

0.66	AX	Axos Financial	Pair Corr
0.62	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.94	RF	Regions Financial Buyout Trend	Pair Corr
0.75	VABK	Virginia National	Pair Corr
0.84	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.78	TECTP	Tectonic Financial	Pair Corr
0.84	TFC-PO	Truist Financial	Pair Corr
0.78	TFC-PR	Truist Financial	Pair Corr
0.85	CFG-PE	Citizens Financial	Pair Corr
0.82	CFG-PH	Citizens Financial Group,	Pair Corr
0.66	KEY-PJ	KeyCorp Earnings Call This Week	Pair Corr
0.73	KEY-PK	KeyCorp Earnings Call This Week	Pair Corr
0.76	KEY-PL	KeyCorp Earnings Call This Week	Pair Corr
0.79	WABC	Westamerica Bancorporation	Pair Corr
0.87	WAFD	Washington Federal	Pair Corr
0.63	BANC-PF	Banc of California Earnings Call This Week	Pair Corr
0.62	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.61	TFINP	Triumph Financial	Pair Corr

Moving against Southern Stock

0.32	TFC-PI	Truist Financial	Pair Corr
0.45	FCAP	First Capital Earnings Call This Week	Pair Corr

Related Correlations Analysis

	VABK	CWBC	SSBK	AVBH	ARBV	AMBZ	PBAM	FFBB
VABK		0.58	-0.32	-0.28	0.7	0.52	0.58	0.45	VABK
CWBC	0.58		-0.18	-0.19	0.48	0.52	0.27	0.88	CWBC
SSBK	-0.32	-0.18		0.31	-0.04	0.1	0.09	-0.14	SSBK
AVBH	-0.28	-0.19	0.31		-0.02	0.37	0.25	-0.43	AVBH
ARBV	0.7	0.48	-0.04	-0.02		0.85	0.83	0.23	ARBV
AMBZ	0.52	0.52	0.1	0.37	0.85		0.79	0.21	AMBZ
PBAM	0.58	0.27	0.09	0.25	0.83	0.79		0.05	PBAM
FFBB	0.45	0.88	-0.14	-0.43	0.23	0.21	0.05		FFBB
	VABK	CWBC	SSBK	AVBH	ARBV	AMBZ	PBAM	FFBB

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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

FFBB	+ 0.88	CWBC
AMBZ	+ 0.85	ARBV
PBAM	+ 0.83	ARBV
PBAM	+ 0.79	AMBZ
ARBV	+ 0.7	VABK
CWBC	+ 0.58	VABK

High negative correlations

FFBB	- 0.43	AVBH
SSBK	- 0.32	VABK
AVBH	- 0.28	VABK
AVBH	- 0.19	CWBC
SSBK	- 0.18	CWBC
FFBB	- 0.14	SSBK

Risk-Adjusted Indicators

There is a big difference between Southern Stock performing well and Southern California 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 Southern California'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
VABK	1.45	0.00	(0.01)	0.13	1.63	(1.45)	3.64	(2.23)	7.89
CWBC	1.16	0.26	0.24	0.36	0.68	(1.44)	3.23	(1.38)	8.56
SSBK	1.29	0.33	0.14	(2.39)	1.08	(1.62)	3.03	(2.13)	7.10
AVBH	0.71	0.12	(0.03)	(0.49)	0.79	(1.10)	1.80	(1.67)	5.62
ARBV	0.53	0.18	0.13	0.86	0.00	(0.94)	1.63	(0.46)	4.93
AMBZ	0.53	0.20	0.17	1.05	0.00	(0.80)	2.32	(0.49)	3.90
PBAM	0.50	0.11	0.04	0.44	0.10	(0.79)	1.44	(0.69)	2.71
FFBB	0.71	0.17	0.10	0.59	0.42	(0.96)	2.43	(1.20)	5.74

Southern California Corporate Management

Manisha Merchant	General VP	Profile
Jeffery Hurtik	Executive Officer	Profile
Peter Nutz	Executive Officer	Profile
Anne Williams	Ex Officer	Profile

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