Commerce Bancshares Correlations

CBSH Stock

USD 64.63 0.36 0.56%

The current 90-days correlation between Commerce Bancshares and UMB Financial is 0.84 (i.e., Very poor diversification). The correlation of Commerce 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.

Commerce Bancshares Correlation With Market

Poor diversification

The correlation between Commerce Bancshares and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commerce Bancshares and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Commerce Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commerce Bancshares. 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.

For more detail on how to invest in Commerce Stock please use our How to Invest in Commerce Bancshares guide.

Moving together with Commerce Stock

0.76	AX	Axos Financial	Pair Corr
0.92	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.68	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.71	NU	Nu Holdings Aggressive Push	Pair Corr
0.93	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.73	RF	Regions Financial Buyout Trend	Pair Corr
0.85	VABK	Virginia National	Pair Corr
0.66	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.75	TFC-PO	Truist Financial	Pair Corr
0.68	TFC-PR	Truist Financial	Pair Corr
0.63	EBMT	Eagle Bancorp Montana Earnings Call Tomorrow	Pair Corr
0.78	CFG-PE	Citizens Financial	Pair Corr
0.75	CFG-PH	Citizens Financial Group,	Pair Corr
0.8	EFSC	Enterprise Financial Earnings Call Tomorrow	Pair Corr
0.65	KEY-PI	KeyCorp Earnings Call This Week	Pair Corr
0.64	KEY-PL	KeyCorp Earnings Call This Week	Pair Corr
0.91	WABC	Westamerica Bancorporation	Pair Corr
0.87	WAFD	Washington Federal	Pair Corr
0.89	WASH	Washington Trust Bancorp Earnings Call Tomorrow	Pair Corr
0.65	BANC-PF	Banc of California Earnings Call Tomorrow	Pair Corr
0.85	EQBK	Equity Bancshares,	Pair Corr
0.77	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.73	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.87	WNEB	Western New England Earnings Call This Week	Pair Corr
0.87	WSBC	WesBanco	Pair Corr

Related Correlations Analysis

	UMBF	BOKF	CBU	FFIN	EQBK	CFR	LANC	CTBI
UMBF		0.91	0.94	0.94	0.91	0.98	-0.14	0.95	UMBF
BOKF	0.91		0.91	0.86	0.9	0.92	-0.05	0.95	BOKF
CBU	0.94	0.91		0.89	0.94	0.91	-0.06	0.92	CBU
FFIN	0.94	0.86	0.89		0.86	0.93	-0.29	0.92	FFIN
EQBK	0.91	0.9	0.94	0.86		0.87	-0.05	0.9	EQBK
CFR	0.98	0.92	0.91	0.93	0.87		-0.22	0.95	CFR
LANC	-0.14	-0.05	-0.06	-0.29	-0.05	-0.22		-0.18	LANC
CTBI	0.95	0.95	0.92	0.92	0.9	0.95	-0.18		CTBI
	UMBF	BOKF	CBU	FFIN	EQBK	CFR	LANC	CTBI

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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

CFR	+ 0.98	UMBF
CTBI	+ 0.95	UMBF
CTBI	+ 0.95	BOKF
CTBI	+ 0.95	CFR
CBU	+ 0.94	UMBF
FFIN	+ 0.94	UMBF

High negative correlations

LANC	- 0.29	FFIN
LANC	- 0.22	CFR
CTBI	- 0.18	LANC
LANC	- 0.14	UMBF
LANC	- 0.06	CBU
LANC	- 0.05	EQBK

Risk-Adjusted Indicators

There is a big difference between Commerce Stock performing well and Commerce Bancshares 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 Commerce 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
UMBF	1.37	0.17	0.12	0.26	1.46	(1.51)	3.46	(2.34)	8.86
BOKF	1.19	0.14	0.09	0.27	1.22	(1.36)	2.71	(1.85)	7.78
CBU	1.18	0.04	0.04	0.16	1.23	(1.30)	2.94	(2.27)	6.61
FFIN	1.22	0.10	0.09	0.22	1.13	(1.47)	2.93	(1.90)	8.11
EQBK	1.22	0.05	0.03	0.19	1.49	(1.40)	2.87	(1.82)	10.15
CFR	1.11	0.22	0.18	0.33	0.94	(1.31)	3.09	(1.46)	7.90
LANC	1.30	0.02	(0.04)	(0.04)	3.18	(1.14)	2.71	(2.02)	19.88
CTBI	1.11	0.22	0.18	0.38	0.84	(1.33)	2.63	(1.71)	5.86

Commerce Bancshares Corporate Management

Margaret Rowe	General Secretary	Profile
Paul Steiner	Chief Accounting Officer, Controller	Profile
Thomas Noack	Sec VP	Profile
Matthew Burkemper	Corporate Finance	Profile

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