Central Pacific Correlations

CPF Stock

USD 30.57 0.04 0.13%

The current 90-days correlation between Central Pacific Financial and National CineMedia is 0.19 (i.e., Average diversification). The correlation of Central Pacific 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.

Central Pacific Correlation With Market

Very weak diversification

The correlation between Central Pacific Financial and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Central Pacific Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Central Stock

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

Moving together with Central Stock

0.84	AX	Axos Financial	Pair Corr
0.93	BY	Byline Bancorp Normal Trading	Pair Corr
0.91	RF	Regions Financial Aggressive Push	Pair Corr
0.65	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.8	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.78	EFSC	Enterprise Financial	Pair Corr
0.65	EGBN	Eagle Bancorp	Pair Corr
0.8	WABC	Westamerica Bancorporation	Pair Corr
0.74	WAFD	Washington Federal	Pair Corr
0.94	WASH	Washington Trust Bancorp	Pair Corr
0.82	EWBC	East West Bancorp	Pair Corr
0.84	WNEB	Western New England	Pair Corr
0.65	WSBC	WesBanco	Pair Corr
0.84	WSFS	WSFS Financial	Pair Corr
0.91	WTFC	Wintrust Financial	Pair Corr
0.89	FBNC	First Bancorp	Pair Corr
0.8	FCBC	First Community Banc	Pair Corr
0.76	FCCO	First Community	Pair Corr

Moving against Central Stock

0.55	TFINP	Triumph Financial	Pair Corr
0.47	SOUTHBANK	South Indian	Pair Corr
0.39	FRMEP	First Merchants	Pair Corr

Related Correlations Analysis

	NCMI	DLPN	ASO	MJWNY	CATWF	WANHY	TSMWF	SWMD
NCMI		-0.69	0.2	0.74	0.0	0.0	-0.39	0.0	NCMI
DLPN	-0.69		-0.33	-0.79	0.0	0.0	0.58	0.0	DLPN
ASO	0.2	-0.33		0.25	0.0	0.0	-0.01	0.0	ASO
MJWNY	0.74	-0.79	0.25		0.0	0.0	-0.65	0.0	MJWNY
CATWF	0.0	0.0	0.0	0.0		1.0	0.0	1.0	CATWF
WANHY	0.0	0.0	0.0	0.0	1.0		0.0	1.0	WANHY
TSMWF	-0.39	0.58	-0.01	-0.65	0.0	0.0		0.0	TSMWF
SWMD	0.0	0.0	0.0	0.0	1.0	1.0	0.0		SWMD
	NCMI	DLPN	ASO	MJWNY	CATWF	WANHY	TSMWF	SWMD

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

WANHY	+ 1.0	CATWF
SWMD	+ 1.0	CATWF
SWMD	+ 1.0	WANHY
MJWNY	+ 0.74	NCMI
TSMWF	+ 0.58	DLPN
MJWNY	+ 0.25	ASO

High negative correlations

MJWNY	- 0.79	DLPN
DLPN	- 0.69	NCMI
TSMWF	- 0.65	MJWNY
TSMWF	- 0.39	NCMI
ASO	- 0.33	DLPN
TSMWF	- 0.01	ASO

Risk-Adjusted Indicators

There is a big difference between Central Stock performing well and Central Pacific 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 Central Pacific'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
NCMI	1.86	(0.14)	0.00	(0.01)	0.00	0.00	4.69	(3.61)	14.59
DLPN	3.52	0.45	0.12	0.27	3.74	(4.13)	9.85	(6.51)	21.98
ASO	2.06	(0.09)	(0.02)	0.02	2.26	(2.39)	4.29	(3.38)	11.12
MJWNY	0.72	(0.14)	0.00	0.29	0.00	0.00	1.79	0.00	15.22
CATWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WANHY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSMWF	0.03	0.00	0.00	(0.39)	0.00	0.00	0.00	0.00	0.94
SWMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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