Associated Banc Correlations

ASB Stock  USD 24.85  0.14  0.57%   
The current 90-days correlation between Associated Banc Corp and National Bank Holdings is 0.8 (i.e., Very poor 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

Very weak diversification

The correlation between Associated Banc Corp and DJI is 0.52 (i.e., Very 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Associated Banc Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Associated Stock

  0.83AX Axos FinancialPairCorr
  0.84BY Byline BancorpPairCorr
  0.69KB KB Financial GroupPairCorr
  0.61NU Nu HoldingsPairCorr
  0.94PB Prosperity BancsharesPairCorr
  0.92RF Regions FinancialPairCorr
  0.68VABK Virginia NationalPairCorr
  0.78VBNK VersaBank Earnings Call This WeekPairCorr
  0.79VBTX Veritex HoldingsPairCorr
  0.81TFC-PI Truist FinancialPairCorr
  0.62TFC-PO Truist FinancialPairCorr
  0.65CFG-PE Citizens FinancialPairCorr
  0.67EFSC Enterprise FinancialPairCorr
  0.71EGBN Eagle BancorpPairCorr
  0.77KEY-PJ KeyCorpPairCorr
  0.81KEY-PK KeyCorp Normal TradingPairCorr
  0.78WABC Westamerica BancorporationPairCorr
  0.61WAFD Washington FederalPairCorr
  0.95WASH Washington Trust BancorpPairCorr
  0.92EQBK Equity Bancshares,PairCorr
  0.68EVBN Evans BancorpPairCorr
  0.9WMPN William Penn BancorpPairCorr

Moving against Associated Stock

  0.65VBFC Village BankPairCorr
  0.61EFSI Eagle Financial ServicesPairCorr

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   
FRMEFBIZ
GABCNBHC
WTFCOFG
MBWMBFC
OSBCMBWM
MBWMFRME
  
High negative correlations   
WTFCLBC
OSBCLBC
MBWMLBC
FRMELBC
GABCLBC
OFGLBC

Risk-Adjusted Indicators

There is a big difference between Associated 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BFC  1.07  0.02  0.02  0.01  1.46 
 2.34 
 7.41 
LBC  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FBIZ  1.39  0.12  0.07  0.13  1.76 
 2.86 
 8.42 
NBHC  1.01 (0.18) 0.00 (0.27) 0.00 
 1.78 
 7.31 
OFG  1.14 (0.03) 0.00 (0.06) 0.00 
 2.17 
 8.07 
GABC  1.02 (0.16) 0.00 (0.23) 0.00 
 2.13 
 7.53 
FRME  1.22  0.05  0.03  0.03  1.54 
 2.31 
 7.98 
MBWM  1.48  0.02  0.01 (0.01) 1.96 
 2.96 
 10.79 
OSBC  1.04  0.01  0.01 (0.01) 1.43 
 2.03 
 6.22 
WTFC  1.13 (0.08) 0.00 (0.11) 0.00 
 2.39 
 6.92