Associated Banc Correlations
| ASB-PE Preferred Stock | USD 22.13 0.04 0.18% |
The current 90-days correlation between Associated Banc Corp and Aozora Bank is 0.01 (i.e., Significant diversification). The correlation of Associated Banc 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.
Associated Banc Correlation With Market
Weak diversification
The correlation between Associated Banc Corp and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Associated Banc Corp and DJI in the same portfolio, assuming nothing else is changed.
Associated |
The ability to find closely correlated positions to Associated Banc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Associated Banc 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 Associated Banc - 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 Associated Banc Corp to buy it.
Moving together with Associated Preferred Stock
| 0.64 | KB | KB Financial Group | PairCorr |
| 0.66 | NU | Nu Holdings Aggressive Push | PairCorr |
| 0.69 | WF | Woori Financial Group | PairCorr |
| 0.84 | TFC-PO | Truist Financial | PairCorr |
| 0.89 | TFC-PR | Truist Financial | PairCorr |
| 0.86 | CFG-PE | Citizens Financial | PairCorr |
| 0.71 | CFG-PH | Citizens Financial Group, | PairCorr |
| 0.81 | KEY-PI | KeyCorp Earnings Call Tomorrow | PairCorr |
| 0.79 | WAFDP | Washington Federal | PairCorr |
| 0.75 | FRCCL | First Republic Bank | PairCorr |
Moving against Associated Preferred Stock
| 0.68 | TECTP | Tectonic Financial | PairCorr |
| 0.66 | EBTC | Enterprise Bancorp Earnings Call This Week | PairCorr |
| 0.65 | VBFC | Village Bank Earnings Call This Week | PairCorr |
| 0.45 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
| 0.41 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
| 0.31 | PB | Prosperity Bancshares Earnings Call This Week | PairCorr |
| 0.76 | OCFCP | OceanFirst Financial Corp | PairCorr |
| 0.67 | BANC-PF | Banc of California Earnings Call This Week | PairCorr |
| 0.64 | WSBCP | WesBanco Earnings Call Tomorrow | PairCorr |
| 0.56 | EVBN | Evans Bancorp | PairCorr |
| 0.49 | WNEB | Western New England Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
| -0.1 | -0.3 | -0.51 | 0.18 | 0.0 | AOZOF | ||
| -0.1 | 0.14 | -0.05 | -0.49 | 0.0 | AIBRF | ||
| -0.3 | 0.14 | 0.71 | 0.28 | 0.0 | ANDC | ||
| -0.51 | -0.05 | 0.71 | 0.5 | 0.0 | BBAJF | ||
| 0.18 | -0.49 | 0.28 | 0.5 | 0.0 | AOZOY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AGRPF | ||
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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 Associated Preferred Stock performing well and Associated Banc 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 Associated Banc'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AOZOF | 3.29 | (1.69) | 0.00 | 1.03 | 0.00 | 0.00 | 42.84 | |||
| AIBRF | 1.04 | 0.04 | 0.01 | 0.19 | 1.38 | 3.75 | 11.01 | |||
| ANDC | 0.98 | 0.09 | 0.01 | (0.75) | 2.57 | 1.88 | 38.92 | |||
| BBAJF | 3.40 | (0.55) | 0.00 | (1.01) | 0.00 | 6.67 | 25.58 | |||
| AOZOY | 0.57 | (0.21) | 0.00 | 1.93 | 0.00 | 0.00 | 16.71 | |||
| AGRPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Associated Banc 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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Associated Banc Corporate Management
| David Stein | Head VP | Profile | |
| Ben McCarville | VP Relations | Profile | |
| John Utz | Head VP | Profile | |
| Randall Erickson | Gen VP | Profile | |
| Andrew Harmening | CEO Pres | Profile | |
| Bryan Carson | Chief VP | Profile | |
| Anthony Pecora | Director VP | Profile |