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.
Associated |
Moving together with Associated Stock
0.83 | AX | Axos Financial | PairCorr |
0.84 | BY | Byline Bancorp | PairCorr |
0.69 | KB | KB Financial Group | PairCorr |
0.61 | NU | Nu Holdings | PairCorr |
0.94 | PB | Prosperity Bancshares | PairCorr |
0.92 | RF | Regions Financial | PairCorr |
0.68 | VABK | Virginia National | PairCorr |
0.78 | VBNK | VersaBank Earnings Call This Week | PairCorr |
0.79 | VBTX | Veritex Holdings | PairCorr |
0.81 | TFC-PI | Truist Financial | PairCorr |
0.62 | TFC-PO | Truist Financial | PairCorr |
0.65 | CFG-PE | Citizens Financial | PairCorr |
0.67 | EFSC | Enterprise Financial | PairCorr |
0.71 | EGBN | Eagle Bancorp | PairCorr |
0.77 | KEY-PJ | KeyCorp | PairCorr |
0.81 | KEY-PK | KeyCorp Normal Trading | PairCorr |
0.78 | WABC | Westamerica Bancorporation | PairCorr |
0.61 | WAFD | Washington Federal | PairCorr |
0.95 | WASH | Washington Trust Bancorp | PairCorr |
0.92 | EQBK | Equity Bancshares, | PairCorr |
0.68 | EVBN | Evans Bancorp | PairCorr |
0.9 | WMPN | William Penn Bancorp | PairCorr |
Moving against Associated Stock
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum 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 |