Community West Correlations

CWBC Stock

USD 19.22 0.03 0.16%

The current 90-days correlation between Community West Bancshares and First Northwest Bancorp is 0.36 (i.e., Weak diversification). The correlation of Community West 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.

Community West Correlation With Market

Poor diversification

The correlation between Community West Bancshares and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Community West Bancshares 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 Community West 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 bureau of labor statistics.

Moving together with Community Stock

0.87	AX	Axos Financial	Pair Corr
0.84	BY	Byline Bancorp Normal Trading	Pair Corr
0.73	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.62	KB	KB Financial Group	Pair Corr
0.64	NU	Nu Holdings Aggressive Push	Pair Corr
0.86	PB	Prosperity Bancshares	Pair Corr
0.95	RF	Regions Financial	Pair Corr
0.74	VABK	Virginia National	Pair Corr
0.97	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.74	TFC-PO	Truist Financial	Pair Corr
0.95	EBTC	Enterprise Bancorp	Pair Corr
0.8	CFG-PE	Citizens Financial	Pair Corr
0.75	CFG-PH	Citizens Financial Group,	Pair Corr
0.95	EFSC	Enterprise Financial	Pair Corr
0.65	KEY-PI	KeyCorp	Pair Corr
0.71	KEY-PJ	KeyCorp	Pair Corr
0.71	KEY-PK	KeyCorp	Pair Corr
0.78	KEY-PL	KeyCorp	Pair Corr
0.78	WABC	Westamerica Bancorporation	Pair Corr
0.76	WAFD	Washington Federal	Pair Corr
0.62	WASH	Washington Trust Bancorp	Pair Corr
0.86	BANC-PF	Banc of California	Pair Corr
0.92	EQBK	Equity Bancshares, Normal Trading	Pair Corr
0.89	ESSA	ESSA Bancorp	Pair Corr
0.94	EWBC	East West Bancorp	Pair Corr
0.76	WSBCP	WesBanco	Pair Corr
0.76	WNEB	Western New England	Pair Corr

Related Correlations Analysis

	HFBL	HVBC	OFED	CULL	HMNF	MGYR	FNWB	FFNW	FCAP	HTBI
HFBL		0.0	0.0	0.0	0.0	0.25	-0.25	0.23	0.24	-0.05	HFBL
HVBC	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HVBC
OFED	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	OFED
CULL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CULL
HMNF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HMNF
MGYR	0.25	0.0	0.0	0.0	0.0		-0.92	0.68	0.43	0.11	MGYR
FNWB	-0.25	0.0	0.0	0.0	0.0	-0.92		-0.69	-0.26	-0.28	FNWB
FFNW	0.23	0.0	0.0	0.0	0.0	0.68	-0.69		0.18	0.47	FFNW
FCAP	0.24	0.0	0.0	0.0	0.0	0.43	-0.26	0.18		-0.64	FCAP
HTBI	-0.05	0.0	0.0	0.0	0.0	0.11	-0.28	0.47	-0.64		HTBI
	HFBL	HVBC	OFED	CULL	HMNF	MGYR	FNWB	FFNW	FCAP	HTBI

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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

FFNW	+ 0.68	MGYR
HTBI	+ 0.47	FFNW
FCAP	+ 0.43	MGYR
MGYR	+ 0.25	HFBL
FCAP	+ 0.24	HFBL
FFNW	+ 0.23	HFBL

High negative correlations

FNWB	- 0.92	MGYR
FFNW	- 0.69	FNWB
HTBI	- 0.64	FCAP
HTBI	- 0.28	FNWB
FCAP	- 0.26	FNWB
FNWB	- 0.25	HFBL

Risk-Adjusted Indicators

There is a big difference between Community Stock performing well and Community West 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 Community West'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
HFBL	1.44	0.14	0.05	4.74	1.61	(1.98)	3.49	(3.16)	11.15
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OFED	0.00	0.00	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	0.00	0.00
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGYR	0.98	0.24	0.17	17.39	0.84	(1.22)	2.26	(1.75)	4.89
FNWB	1.93	(0.44)	0.00	(0.94)	0.00	0.00	3.94	(4.53)	13.72
FFNW	0.82	0.12	0.10	(2.11)	0.72	(1.05)	1.06	(1.56)	16.42
FCAP	1.85	0.18	0.05	(1.00)	2.37	(1.87)	5.60	(4.02)	15.49
HTBI	1.24	(0.02)	0.00	0.32	0.00	0.00	2.33	(1.88)	7.22

Community West Corporate Management

CPA CPA	VP Mang	Profile
Jeffrey Martin	Executive Officer	Profile
Jennifer Ofner	Senior Resources	Profile
Michael Will	Senior Resolution	Profile
Denise Jereb	Senior Manager	Profile

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