Summit Bank Correlations
| SBKO Stock | USD 14.40 0.10 0.70% |
The current 90-days correlation between Summit Bank Group and Commencement Bancorp is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Summit Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Summit Bank Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
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The ability to find closely correlated positions to Summit Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Summit Bank 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 Summit Bank - 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 Summit Bank Group to buy it.
Moving together with Summit Pink Sheet
| 0.69 | HDB | HDFC Bank Limited Normal Trading | PairCorr |
| 0.69 | CIHKY | China Merchants Bank | PairCorr |
| 0.77 | CIHHF | China Merchants Bank | PairCorr |
| 0.63 | FITBP | Fifth Third Bancorp | PairCorr |
| 0.73 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.75 | BNPQY | BNP Paribas SA Earnings Call This Week | PairCorr |
| 0.74 | BNPQF | BNP Paribas SA Earnings Call This Week | PairCorr |
| 0.63 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.62 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.87 | KB | KB Financial Group | PairCorr |
| 0.75 | MFG | Mizuho Financial | PairCorr |
| 0.9 | SHG | Shinhan Financial Earnings Call This Week | PairCorr |
| 0.76 | MMM | 3M Company | PairCorr |
| 0.78 | IBM | International Business Earnings Call Tomorrow | PairCorr |
| 0.84 | GE | GE Aerospace Earnings Call Today | PairCorr |
| 0.7 | AA | Alcoa Corp | PairCorr |
| 0.81 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.81 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.84 | CSCO | Cisco Systems | PairCorr |
| 0.79 | AXP | American Express | PairCorr |
| 0.88 | CAT | Caterpillar | PairCorr |
| 0.88 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.86 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Moving against Summit Pink Sheet
| 0.73 | BBAS3 | Banco do Brasil | PairCorr |
| 0.65 | MCD | McDonalds | PairCorr |
| 0.57 | PG | Procter Gamble Earnings Call This Week | PairCorr |
| 0.55 | KO | Coca Cola Earnings Call Today | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Summit Pink Sheet performing well and Summit Bank 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 Summit Bank'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CBWA | 0.29 | (0.04) | 0.00 | (0.45) | 0.00 | 0.83 | 3.97 | |||
| SVVB | 0.05 | 0.00 | 0.00 | 0.13 | 0.00 | 0.00 | 1.49 | |||
| MNBO | 0.29 | 0.14 | 0.00 | (0.71) | 0.00 | 0.00 | 5.26 | |||
| ORBN | 0.79 | 0.09 | (0.02) | (2.63) | 1.13 | 1.32 | 11.25 | |||
| BKSC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PBCO | 0.19 | 0.04 | (0.17) | 0.83 | 0.00 | 0.70 | 2.33 | |||
| ORPB | 0.56 | 0.17 | 0.00 | (0.73) | 0.47 | 1.94 | 5.47 | |||
| PFLC | 0.50 | 0.14 | 0.00 | (3.43) | 0.44 | 1.62 | 4.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Summit Bank 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.Did you try this?
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Summit Bank Corporate Management
| Chris Hemmings | VP COO | Profile | |
| Vickie Cussins | Corp VP | Profile | |
| Darryl Dare | VP Technology | Profile | |
| Gary OConnell | VP Region | Profile | |
| Jamie Shulman | Market Washington | Profile | |
| Jennifer Bennett | Market Market | Profile | |
| Craig Wanichek | CEO Pres | Profile |