Sound Financial Correlations

SFBC Stock

USD 44.77 1.72 3.70%

The current 90-days correlation between Sound Financial Bancorp and Rhinebeck Bancorp is 0.32 (i.e., Weak diversification). The correlation of Sound Financial 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.

Sound Financial Correlation With Market

Modest diversification

The correlation between Sound Financial Bancorp and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sound Financial Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sound Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sound Financial Bancorp. 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 Sound Stock

0.77

TFC-PI

Truist Financial

Pair Corr

Moving against Sound Stock

0.87	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.75	AX	Axos Financial	Pair Corr
0.75	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.75	RF	Regions Financial Buyout Trend	Pair Corr
0.74	TECTP	Tectonic Financial	Pair Corr
0.7	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.65	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.65	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.58	TFC-PO	Truist Financial	Pair Corr
0.58	TFC-PR	Truist Financial	Pair Corr
0.58	EBTC	Enterprise Bancorp	Pair Corr
0.54	CFG-PE	Citizens Financial	Pair Corr
0.53	CFG-PH	Citizens Financial Group,	Pair Corr
0.52	NU	Nu Holdings Aggressive Push	Pair Corr
0.47	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.42	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.41	EGBN	Eagle Bancorp Earnings Call This Week	Pair Corr
0.72	KEY-PK	KeyCorp Earnings Call This Week	Pair Corr
0.72	TFINP	Triumph Financial	Pair Corr
0.67	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.65	FBIZ	First Business Financial Earnings Call This Week	Pair Corr
0.64	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.64	FBNC	First Bancorp Earnings Call This Week	Pair Corr
0.63	WTFC	Wintrust Financial	Pair Corr
0.57	FCBC	First Community Banc Earnings Call This Week	Pair Corr
0.56	WSBC	WesBanco	Pair Corr
0.55	KEY-PJ	KeyCorp Earnings Call This Week	Pair Corr
0.52	KEY-PL	KeyCorp Earnings Call This Week	Pair Corr
0.52	WSFS	WSFS Financial Earnings Call This Week	Pair Corr
0.5	BANC-PF	Banc of California Earnings Call This Week	Pair Corr
0.5	EQBK	Equity Bancshares,	Pair Corr
0.49	WAFD	Washington Federal	Pair Corr
0.31	WASH	Washington Trust Bancorp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	RBKB	MGYR	CWBC	FSBW	HFBL	SMBC	SBFG	IROQ
RBKB		0.86	0.72	0.33	0.31	0.53	-0.28	0.66	RBKB
MGYR	0.86		0.84	0.48	0.43	0.65	-0.21	0.71	MGYR
CWBC	0.72	0.84		0.84	0.52	0.93	0.19	0.6	CWBC
FSBW	0.33	0.48	0.84		0.44	0.88	0.52	0.34	FSBW
HFBL	0.31	0.43	0.52	0.44		0.48	0.01	0.03	HFBL
SMBC	0.53	0.65	0.93	0.88	0.48		0.47	0.44	SMBC
SBFG	-0.28	-0.21	0.19	0.52	0.01	0.47		-0.17	SBFG
IROQ	0.66	0.71	0.6	0.34	0.03	0.44	-0.17		IROQ
	RBKB	MGYR	CWBC	FSBW	HFBL	SMBC	SBFG	IROQ

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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

SMBC	+ 0.93	CWBC
SMBC	+ 0.88	FSBW
MGYR	+ 0.86	RBKB
CWBC	+ 0.84	MGYR
FSBW	+ 0.84	CWBC
CWBC	+ 0.72	RBKB

High negative correlations

SBFG	- 0.28	RBKB
SBFG	- 0.21	MGYR
IROQ	- 0.17	SBFG

Risk-Adjusted Indicators

There is a big difference between Sound Stock performing well and Sound Financial 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 Sound Financial'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
RBKB	1.27	0.29	0.12	1.69	1.24	(1.58)	3.12	(1.67)	12.35
MGYR	0.97	0.31	0.13	(4.63)	0.79	(1.14)	2.26	(1.75)	4.89
CWBC	1.16	0.26	0.24	0.36	0.68	(1.44)	3.23	(1.38)	8.56
FSBW	1.24	(0.03)	(0.01)	0.11	1.44	(1.32)	2.87	(2.43)	8.87
HFBL	1.51	0.00	(0.05)	0.10	1.80	(2.09)	3.12	(3.16)	11.15
SMBC	1.14	0.12	0.09	0.24	1.19	(1.27)	2.77	(2.65)	10.10
SBFG	1.30	0.07	0.00	0.29	1.38	(1.47)	3.14	(2.72)	7.46
IROQ	1.08	0.10	(0.01)	2.45	1.56	(1.22)	2.15	(2.60)	11.33

Sound Financial Corporate Management

David Raney	Executive Officer	Profile
Wesley Ochs	Chief VP	Profile
Patricia Floyd	Senior Bank	Profile
Jennifer Mallon	Senior Officer	Profile
Kevin Phillips	Senior Manager	Profile
Brady Robb	VP Director	Profile

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