PSB Holdings Correlations

PSBQ Stock

USD 23.75 0.32 1.37%

The current 90-days correlation between PSB Holdings and Taylor Calvin B is -0.06 (i.e., Good diversification). The correlation of PSB Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

PSB Holdings Correlation With Market

Significant diversification

The correlation between PSB Holdings and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PSB Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to PSB Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PSB Holdings 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 PSB Holdings - 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 PSB Holdings to buy it.

Moving together with PSB OTC Stock

0.78	BRK-A	Berkshire Hathaway	Pair Corr
0.7	APDN	Applied DNA Sciences	Pair Corr
0.71	MCD	McDonalds	Pair Corr

Moving against PSB OTC Stock

0.76	MCHB	Mechanics Bank	Pair Corr
0.71	CVX	Chevron Corp	Pair Corr
0.69	IBM	International Business	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr
0.63	PFE	Pfizer Inc	Pair Corr
0.61	JPM	JPMorgan Chase	Pair Corr
0.57	UAVS	Ageagle Aerial Systems Buyout Trend	Pair Corr
0.56	GE	GE Aerospace	Pair Corr
0.55	DIS	Walt Disney	Pair Corr
0.55	BAC	Bank of America Aggressive Push	Pair Corr
0.49	BA	Boeing Earnings Call This Week	Pair Corr
0.47	AXP	American Express	Pair Corr
0.46	VLCN	Volcon Inc Trending	Pair Corr
0.42	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.39	MMM	3M Company Sell-off Trend	Pair Corr
0.38	MRK	Merck Company Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TYCB	NACB	CMHF	FBSI	CPKF	NIDB	EFSI	FMCB
TYCB		0.3	0.58	0.0	0.69	0.0	0.38	0.38	TYCB
NACB	0.3		0.59	0.0	0.32	0.0	-0.27	0.06	NACB
CMHF	0.58	0.59		0.0	0.68	0.0	-0.01	0.31	CMHF
FBSI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FBSI
CPKF	0.69	0.32	0.68	0.0		0.0	0.16	0.57	CPKF
NIDB	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NIDB
EFSI	0.38	-0.27	-0.01	0.0	0.16	0.0		0.18	EFSI
FMCB	0.38	0.06	0.31	0.0	0.57	0.0	0.18		FMCB
	TYCB	NACB	CMHF	FBSI	CPKF	NIDB	EFSI	FMCB

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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

CPKF	+ 0.69	TYCB
CPKF	+ 0.68	CMHF
CMHF	+ 0.59	NACB
CMHF	+ 0.58	TYCB
FMCB	+ 0.57	CPKF
EFSI	+ 0.38	TYCB

High negative correlations

EFSI	- 0.27	NACB
EFSI	- 0.01	CMHF
FMCB	- 0.0	NIDB
EFSI	- 0.0	NIDB
NIDB	- 0.0	CPKF
FMCB	- 0.0	FBSI

Risk-Adjusted Indicators

There is a big difference between PSB OTC Stock performing well and PSB Holdings OTC Stock 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 PSB Holdings' 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
TYCB	0.71	0.07	0.00	0.32	0.00	0.00	1.91	(0.36)	12.75
NACB	0.67	0.00	0.00	0.21	0.00	0.00	0.29	(0.29)	22.47
CMHF	0.26	0.06	0.00	1.32	0.00	0.00	1.19	(0.19)	3.81
FBSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CPKF	0.91	0.19	(0.02)	(0.99)	1.18	(1.22)	1.70	(2.41)	6.37
NIDB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EFSI	1.21	(0.04)	(0.07)	0.13	1.62	(1.33)	2.09	(2.31)	8.24
FMCB	0.32	0.01	(0.35)	(0.15)	0.48	(0.35)	0.88	(0.80)	2.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in PSB Holdings 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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