Columbia Banking Correlations

COLB Stock

USD 24.38 0.17 0.70%

The current 90-days correlation between Columbia Banking System and First Interstate BancSystem is 0.89 (i.e., Very poor diversification). The correlation of Columbia Banking 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.

Columbia Banking Correlation With Market

Poor diversification

The correlation between Columbia Banking System 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 Columbia Banking System and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Columbia Stock

0.64	MBCN	Middlefield Banc	Pair Corr
0.76	MBIN	Merchants Bancorp Earnings Call This Week	Pair Corr
0.81	MBWM	Mercantile Bank	Pair Corr
0.89	MCBS	MetroCity Bankshares Normal Trading	Pair Corr
0.71	AX	Axos Financial Earnings Call This Week	Pair Corr
0.9	BY	Byline Bancorp Earnings Call Tomorrow	Pair Corr
0.62	NU	Nu Holdings	Pair Corr
0.92	PB	Prosperity Bancshares	Pair Corr
0.67	RF	Regions Financial Normal Trading	Pair Corr
0.78	VABK	Virginia National	Pair Corr
0.72	MNSB	Mainstreet Bank	Pair Corr
0.91	MOFG	MidWestOne Financial	Pair Corr
0.66	TFC-PO	Truist Financial	Pair Corr
0.66	MRBK	Meridian Bank Earnings Call Tomorrow	Pair Corr
0.88	MSBI	Midland States Bancorp Earnings Call Tomorrow	Pair Corr
0.7	MYFW	First Western Financial	Pair Corr
0.67	CFG-PE	Citizens Financial	Pair Corr
0.67	CFG-PH	Citizens Financial Group,	Pair Corr
0.74	EFSC	Enterprise Financial	Pair Corr
0.74	EFSI	Eagle Financial Services Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	FIBK	GBCI	CVBF	HTBK	FNB	BANR	HFWA	CHCO
FIBK		0.96	0.93	0.95	0.95	0.91	0.93	0.89	FIBK
GBCI	0.96		0.96	0.94	0.94	0.94	0.97	0.91	GBCI
CVBF	0.93	0.96		0.91	0.95	0.95	0.97	0.93	CVBF
HTBK	0.95	0.94	0.91		0.96	0.92	0.94	0.88	HTBK
FNB	0.95	0.94	0.95	0.96		0.9	0.94	0.92	FNB
BANR	0.91	0.94	0.95	0.92	0.9		0.97	0.87	BANR
HFWA	0.93	0.97	0.97	0.94	0.94	0.97		0.91	HFWA
CHCO	0.89	0.91	0.93	0.88	0.92	0.87	0.91		CHCO
	FIBK	GBCI	CVBF	HTBK	FNB	BANR	HFWA	CHCO

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Risk-Adjusted Indicators

There is a big difference between Columbia Stock performing well and Columbia Banking 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 Columbia Banking'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
FIBK	1.44	(0.09)	(0.03)	0.13	1.69	(1.71)	3.36	(2.81)	11.02
GBCI	1.49	(0.12)	(0.04)	0.11	1.84	(1.58)	2.79	(3.06)	10.48
CVBF	1.16	(0.01)	(0.02)	0.19	1.28	(1.31)	2.26	(2.40)	7.16
HTBK	1.14	0.01	(0.01)	0.21	0.95	(1.46)	2.69	(1.67)	5.99
FNB	1.18	0.10	0.08	0.30	1.10	(1.38)	2.55	(1.71)	8.55
BANR	1.08	(0.08)	(0.09)	0.11	1.17	(1.25)	2.17	(1.69)	7.78
HFWA	1.22	(0.05)	(0.04)	0.15	1.34	(1.38)	2.57	(2.10)	7.61
CHCO	1.02	0.03	(0.01)	0.25	0.87	(1.22)	2.66	(1.62)	5.13

Columbia Banking Corporate Management

Eric Eid	Ex Officer	Profile
Amy Betts	Head Relations	Profile
Jason Hester	VP Officer	Profile
David Devine	Executive Officer	Profile
Lisa White	Principal Controller	Profile

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