CNB Financial Correlations
| CCNE Stock | USD 23.70 0.48 1.99% |
The current 90-days correlation between CNB Financial and Mercantile Bank is 0.9 (i.e., Almost no diversification). The correlation of CNB 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.
CNB Financial Correlation With Market
Poor diversification
The correlation between CNB Financial and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CNB Financial and DJI in the same portfolio, assuming nothing else is changed.
Moving together with CNB Stock
Related Correlations Analysis
| 0.97 | 0.0 | -0.67 | 0.43 | 0.99 | 0.97 | MBWM | ||
| 0.97 | 0.0 | -0.58 | 0.49 | 0.97 | 0.96 | GSBC | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CIZN | ||
| -0.67 | -0.58 | 0.0 | 0.22 | -0.7 | -0.63 | FNWD | ||
| 0.43 | 0.49 | 0.0 | 0.22 | 0.37 | 0.48 | CFFI | ||
| 0.99 | 0.97 | 0.0 | -0.7 | 0.37 | 0.97 | BSRR | ||
| 0.97 | 0.96 | 0.0 | -0.63 | 0.48 | 0.97 | CCBG | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CNB Stock performing well and CNB 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 CNB 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MBWM | 1.27 | 0.22 | 0.15 | 0.33 | 1.16 | 3.02 | 7.28 | |||
| GSBC | 1.30 | 0.15 | 0.11 | 0.28 | 1.15 | 3.69 | 8.69 | |||
| CIZN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FNWD | 0.82 | (0.16) | 0.00 | (1.47) | 0.00 | 1.88 | 5.91 | |||
| CFFI | 1.81 | 0.17 | 0.07 | 0.35 | 1.69 | 4.45 | 10.33 | |||
| BSRR | 1.49 | 0.19 | 0.14 | 0.28 | 1.38 | 3.43 | 10.03 | |||
| CCBG | 1.31 | 0.27 | 0.17 | 0.59 | 1.03 | 3.14 | 8.23 |
CNB Financial Corporate Management
| CPA CPA | VP Director | Profile | |
| Angela Wilcoxson | Executive Officer | Profile | |
| Katie Andersen | Senior Officer | Profile | |
| Amy Potter | VP Marketing | Profile |