Sierra Bancorp Correlations

BSRR Stock

USD 31.54 0.92 3.00%

The current 90-days correlation between Sierra Bancorp and Community West Bancshares is 0.75 (i.e., Poor diversification). The correlation of Sierra Bancorp 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.

Sierra Bancorp Correlation With Market

Poor diversification

The correlation between Sierra Bancorp and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sierra Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sierra Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sierra 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 metropolitan statistical area.

To learn how to invest in Sierra Stock, please use our How to Invest in Sierra Bancorp guide.

Moving together with Sierra Stock

0.97	AX	Axos Financial Earnings Call This Week	Pair Corr
0.91	BY	Byline Bancorp Earnings Call Today	Pair Corr
0.85	DB	Deutsche Bank AG Earnings Call Today	Pair Corr
0.79	KB	KB Financial Group	Pair Corr
0.8	NU	Nu Holdings	Pair Corr
0.89	PB	Prosperity Bancshares	Pair Corr
0.95	RF	Regions Financial Normal Trading	Pair Corr
0.88	WF	Woori Financial Group	Pair Corr
0.68	VABK	Virginia National	Pair Corr
0.86	VBTX	Veritex Holdings	Pair Corr
0.78	TECTP	Tectonic Financial	Pair Corr
0.86	TFC-PO	Truist Financial	Pair Corr
0.8	TFC-PR	Truist Financial	Pair Corr
0.85	CFG-PE	Citizens Financial	Pair Corr
0.85	CFG-PH	Citizens Financial Group,	Pair Corr
0.96	EFSC	Enterprise Financial	Pair Corr
0.62	EFSI	Eagle Financial Services Earnings Call Today	Pair Corr
0.67	EGBN	Eagle Bancorp	Pair Corr
0.73	KEY-PJ	KeyCorp	Pair Corr
0.8	KEY-PK	KeyCorp	Pair Corr
0.72	KEY-PL	KeyCorp	Pair Corr
0.78	WABC	Westamerica Bancorporation	Pair Corr
0.89	WAFD	Washington Federal	Pair Corr
0.82	WASH	Washington Trust Bancorp	Pair Corr
0.71	BANC-PF	Banc of California	Pair Corr
0.87	EQBK	Equity Bancshares,	Pair Corr
0.96	ESSA	ESSA Bancorp	Pair Corr
0.69	TFINP	Triumph Financial	Pair Corr
0.97	EWBC	East West Bancorp	Pair Corr
0.85	WSBCP	WesBanco	Pair Corr
0.74	WNEB	Western New England	Pair Corr
0.81	WSBF	Waterstone Financial Normal Trading	Pair Corr

Moving against Sierra Stock

0.48

TFC-PI

Truist Financial

Pair Corr

Related Correlations Analysis

	CWBC	HBCP	CULL	CBFV	CIVB	BMRC	CCBG	CCNE	BUSE
CWBC		0.94	0.0	-0.04	0.45	0.95	0.96	0.94	0.94	CWBC
HBCP	0.94		0.0	0.07	0.4	0.91	0.95	0.93	0.88	HBCP
CULL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CULL
CBFV	-0.04	0.07	0.0		0.26	-0.13	0.03	0.08	-0.13	CBFV
CIVB	0.45	0.4	0.0	0.26		0.34	0.42	0.46	0.39	CIVB
BMRC	0.95	0.91	0.0	-0.13	0.34		0.92	0.9	0.9	BMRC
CCBG	0.96	0.95	0.0	0.03	0.42	0.92		0.94	0.9	CCBG
CCNE	0.94	0.93	0.0	0.08	0.46	0.9	0.94		0.82	CCNE
BUSE	0.94	0.88	0.0	-0.13	0.39	0.9	0.9	0.82		BUSE
	CWBC	HBCP	CULL	CBFV	CIVB	BMRC	CCBG	CCNE	BUSE

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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

CCBG	+ 0.96	CWBC
BMRC	+ 0.95	CWBC
CCBG	+ 0.95	HBCP
HBCP	+ 0.94	CWBC
CCNE	+ 0.94	CWBC
BUSE	+ 0.94	CWBC

High negative correlations

BUSE	- 0.13	CBFV
BMRC	- 0.13	CBFV
CBFV	- 0.04	CWBC
BUSE	- 0.0	CULL
CCNE	- 0.0	CULL
CCBG	- 0.0	CULL

Risk-Adjusted Indicators

There is a big difference between Sierra Stock performing well and Sierra Bancorp 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 Sierra Bancorp'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
CWBC	1.18	0.17	0.19	0.35	0.66	(1.43)	3.23	(1.38)	8.56
HBCP	1.29	0.13	0.16	0.30	0.85	(1.38)	3.01	(1.62)	14.27
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBFV	1.01	0.03	(0.05)	0.25	0.99	(1.16)	2.27	(1.60)	5.28
CIVB	1.68	(0.14)	(0.02)	0.11	2.94	(1.69)	3.08	(3.10)	19.40
BMRC	1.43	0.05	0.08	0.25	1.06	(1.82)	3.95	(2.27)	8.10
CCBG	1.34	0.17	0.07	0.44	1.16	(1.53)	3.01	(2.44)	8.23
CCNE	1.22	(0.06)	0.00	0.16	1.03	(1.37)	3.05	(1.86)	6.91
BUSE	1.27	0.38	0.09	(1.20)	0.99	(1.47)	3.24	(1.74)	7.44

Sierra Bancorp Corporate Management

Alexandra Blazar	Secretary	Profile
Jennifer Johnson	Executive Officer	Profile
Hugh Boyle	Executive Officer	Profile
Natalia Coen	Executive Officer	Profile

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