North Dallas Correlations

NODB Stock

USD 54.75 0.25 0.46%

The current 90-days correlation between North Dallas Bank and Bank of Utica is -0.41 (i.e., Very good diversification). The correlation of North Dallas 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.

North Dallas Correlation With Market

Significant diversification

The correlation between North Dallas Bank and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding North Dallas Bank and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to North Dallas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North Dallas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back North Dallas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling North Dallas Bank to buy it.

Moving against North Pink Sheet

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0.66	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.64	PTAIF	PT Astra International Earnings Call This Week	Pair Corr
0.63	AXP	American Express	Pair Corr
0.63	BAC	Bank of America Aggressive Push	Pair Corr
0.62	DIS	Walt Disney	Pair Corr
0.61	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.59	GE	GE Aerospace	Pair Corr
0.58	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.57	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.55	MMM	3M Company	Pair Corr
0.52	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.52	BA	Boeing Earnings Call This Week	Pair Corr
0.49	PFE	Pfizer Inc	Pair Corr
0.46	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	CCFC	DWNX	BKUT	FCCT	FSDK	NACB	CMHF	WBZB	CBTN	FBTT
CCFC		-0.02	0.42	0.24	-0.91	0.16	0.28	0.0	-0.47	0.31	CCFC
DWNX	-0.02		0.27	-0.27	0.01	-0.09	-0.07	0.0	0.0	0.4	DWNX
BKUT	0.42	0.27		0.19	-0.38	0.18	0.48	0.0	-0.13	0.3	BKUT
FCCT	0.24	-0.27	0.19		-0.31	0.18	0.57	0.0	-0.28	-0.24	FCCT
FSDK	-0.91	0.01	-0.38	-0.31		-0.21	-0.31	0.0	0.41	-0.28	FSDK
NACB	0.16	-0.09	0.18	0.18	-0.21		0.64	0.0	0.37	-0.22	NACB
CMHF	0.28	-0.07	0.48	0.57	-0.31	0.64		0.0	0.03	-0.19	CMHF
WBZB	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	WBZB
CBTN	-0.47	0.0	-0.13	-0.28	0.41	0.37	0.03	0.0		-0.32	CBTN
FBTT	0.31	0.4	0.3	-0.24	-0.28	-0.22	-0.19	0.0	-0.32		FBTT
	CCFC	DWNX	BKUT	FCCT	FSDK	NACB	CMHF	WBZB	CBTN	FBTT

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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

CMHF	+ 0.64	NACB
CMHF	+ 0.57	FCCT
CMHF	+ 0.48	BKUT
BKUT	+ 0.42	CCFC
CBTN	+ 0.41	FSDK
FBTT	+ 0.4	DWNX

High negative correlations

FSDK	- 0.91	CCFC
CBTN	- 0.47	CCFC
FSDK	- 0.38	BKUT
FBTT	- 0.32	CBTN
CMHF	- 0.31	FSDK
FSDK	- 0.31	FCCT

Risk-Adjusted Indicators

There is a big difference between North Pink Sheet performing well and North Dallas 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 North Dallas' 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
CCFC	0.68	0.23	0.00	(3.22)	0.00	0.00	0.96	(0.87)	12.50
DWNX	0.40	0.01	0.00	0.09	0.00	0.00	0.72	(1.67)	4.88
BKUT	0.28	0.02	0.00	1.68	0.00	0.00	1.08	(0.09)	7.14
FCCT	1.32	0.66	0.00	17.02	0.00	0.00	2.48	0.00	21.05
FSDK	2.40	(1.19)	0.00	(4.82)	0.00	0.00	0.00	0.00	81.27
NACB	0.63	(0.14)	0.00	(0.38)	0.00	0.00	0.29	(0.29)	22.47
CMHF	0.26	0.06	(0.08)	0.84	0.18	(0.70)	1.19	(0.19)	3.81
WBZB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBTN	0.10	(0.04)	0.00	(1.77)	0.00	0.00	0.00	0.00	2.63
FBTT	0.39	(0.01)	(0.13)	(0.05)	0.63	(0.87)	1.37	(1.35)	3.91

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Our tools can tell you how much better you can do entering a position in North Dallas without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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North Dallas Corporate Management

Brandi Shiflett	COO Cashier	Profile
Pam Murray	Chief Officer	Profile
Glenn Henry	Ex CFO	Profile
Larry Miller	CEO Pres	Profile
Ralph Thompson	Market Center	Profile
Daniel Cahill	VP Marketing	Profile
Jay Henry	Market Center	Profile

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