CFSB Bancorp Correlations
| CFSB Stock | USD 13.88 0.03 0.22% |
The current 90-days correlation between CFSB Bancorp and ECB Bancorp is 0.01 (i.e., Significant diversification). The correlation of CFSB 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.
CFSB Bancorp Correlation With Market
Very good diversification
The correlation between CFSB Bancorp and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CFSB Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Moving together with CFSB Stock
| 0.66 | AX | Axos Financial | PairCorr |
| 0.78 | DB | Deutsche Bank AG Earnings Call This Week | PairCorr |
| 0.88 | KB | KB Financial Group Earnings Call This Week | PairCorr |
| 0.66 | RF | Regions Financial Buyout Trend | PairCorr |
| 0.79 | WF | Woori Financial Group Earnings Call This Week | PairCorr |
| 0.74 | TECTP | Tectonic Financial | PairCorr |
| 0.76 | EBTC | Enterprise Bancorp | PairCorr |
| 0.73 | KEY-PL | KeyCorp Earnings Call This Week | PairCorr |
| 0.75 | BANC-PF | Banc of California Earnings Call This Week | PairCorr |
| 0.74 | TFINP | Triumph Financial | PairCorr |
| 0.73 | WSBCP | WesBanco Earnings Call This Week | PairCorr |
Moving against CFSB Stock
| 0.51 | TFC-PI | Truist Financial | PairCorr |
| 0.32 | EBMT | Eagle Bancorp Montana Earnings Call This Week | PairCorr |
| 0.32 | ECBK | ECB Bancorp | PairCorr |
| 0.54 | WSBK | Winchester Bancorp, | PairCorr |
| 0.45 | WAFDP | Washington Federal | PairCorr |
Related Correlations Analysis
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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 CFSB Stock performing well and CFSB 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 CFSB 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CRZBF | 1.49 | 0.56 | 0.18 | 1.20 | 0.67 | 3.80 | 25.89 | |||
| ECBK | 1.27 | 0.08 | 0.00 | 0.39 | 1.32 | 3.02 | 7.83 | |||
| PDLB | 1.21 | 0.23 | 0.15 | 0.36 | 1.07 | 2.64 | 10.33 | |||
| OFED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CULL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NSTS | 0.78 | 0.19 | 0.00 | (0.35) | 1.00 | 1.78 | 11.55 | |||
| BLFY | 1.34 | 0.12 | (0.01) | (2.23) | 1.60 | 3.15 | 7.88 | |||
| PBBK | 1.59 | 0.27 | 0.06 | 3.95 | 1.86 | 4.35 | 24.45 | |||
| BCOW | 1.44 | (0.05) | 0.00 | (0.06) | 0.00 | 4.18 | 12.03 |