CB Financial Correlations

CBFV Stock

USD 31.17 0.00 0.00%

The current 90-days correlation between CB Financial Services and Magyar Bancorp is 0.03 (i.e., Significant diversification). The correlation of CB Financial 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.

CB Financial Correlation With Market

Good diversification

The correlation between CB Financial Services 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 CB Financial Services and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CBFV Stock

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

Moving together with CBFV Stock

0.72	TFC-PI	Truist Financial	Pair Corr
0.69	EBMT	Eagle Bancorp Montana	Pair Corr
0.66	ECBK	ECB Bancorp	Pair Corr

Moving against CBFV Stock

0.44	EBTC	Enterprise Bancorp	Pair Corr
0.41	WF	Woori Financial Group Earnings Call Today	Pair Corr
0.34	KB	KB Financial Group	Pair Corr
0.37	TFINP	Triumph Financial	Pair Corr
0.31	KEY-PK	KeyCorp	Pair Corr

Related Correlations Analysis

	HFBL	MGYR	COFS	CHMG	BWFG	MBCN	BFST	FCCO
HFBL		0.42	0.24	0.54	0.45	0.28	0.52	0.41	HFBL
MGYR	0.42		0.59	0.83	0.85	0.84	0.71	0.52	MGYR
COFS	0.24	0.59		0.68	0.82	0.81	0.75	0.73	COFS
CHMG	0.54	0.83	0.68		0.9	0.78	0.9	0.74	CHMG
BWFG	0.45	0.85	0.82	0.9		0.9	0.86	0.79	BWFG
MBCN	0.28	0.84	0.81	0.78	0.9		0.74	0.67	MBCN
BFST	0.52	0.71	0.75	0.9	0.86	0.74		0.87	BFST
FCCO	0.41	0.52	0.73	0.74	0.79	0.67	0.87		FCCO
	HFBL	MGYR	COFS	CHMG	BWFG	MBCN	BFST	FCCO

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Risk-Adjusted Indicators

There is a big difference between CBFV Stock performing well and CB Financial 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 CB Financial'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
HFBL	1.50	0.03	(0.04)	0.29	1.74	(2.06)	3.12	(2.98)	11.15
MGYR	0.98	0.26	0.10	1.45	0.82	(1.12)	2.26	(1.75)	4.89
COFS	1.13	0.02	0.03	0.18	1.28	(1.25)	2.87	(2.17)	7.50
CHMG	1.37	0.42	0.11	(0.77)	1.31	(1.55)	3.40	(2.58)	8.22
BWFG	1.25	0.20	0.17	0.32	1.09	(1.42)	2.82	(1.96)	8.78
MBCN	1.64	0.20	0.11	0.35	1.71	(1.80)	3.76	(3.19)	13.08
BFST	1.27	0.04	0.05	0.21	1.30	(1.36)	2.88	(2.79)	7.32
FCCO	1.15	0.11	0.10	0.27	0.80	(1.45)	2.96	(1.58)	9.17

CB Financial Corporate Management

Ralph Burchianti	Executive VP of Credit Admin.	Profile
Richard Boyer	Senior Operations	Profile
Matthew Lawrence	Sr Controller	Profile
Bruce Sharp	Executive Officer	Profile
Jamie CPA	CFO VP	Profile

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