Southern California Correlations
| BCAL Stock | USD 15.93 0.03 0.19% |
The current 90-days correlation between Southern California and Avidbank Holdings is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Southern California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern California Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Southern California Correlation With Market
Weak diversification
The correlation between Southern California Bancorp and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southern California Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Southern |
Moving together with Southern Stock
| 0.82 | AX | Axos Financial | PairCorr |
| 0.89 | BY | Byline Bancorp | PairCorr |
| 0.7 | RF | Regions Financial | PairCorr |
| 0.93 | VABK | Virginia National | PairCorr |
| 0.79 | VBNK | VersaBank Earnings Call This Week | PairCorr |
| 0.91 | VBTX | Veritex Holdings | PairCorr |
| 0.61 | TFC-PI | Truist Financial | PairCorr |
| 0.73 | ECBK | ECB Bancorp | PairCorr |
| 0.88 | EGBN | Eagle Bancorp | PairCorr |
| 0.71 | KEY-PK | KeyCorp | PairCorr |
| 0.85 | WABC | Westamerica Bancorporation | PairCorr |
| 0.87 | WAFD | Washington Federal | PairCorr |
| 0.71 | WASH | Washington Trust Bancorp | PairCorr |
| 0.81 | EQBK | Equity Bancshares, | PairCorr |
| 0.66 | WAFDP | Washington Federal | PairCorr |
| 0.69 | EVBN | Evans Bancorp | PairCorr |
| 0.73 | WMPN | William Penn Bancorp | PairCorr |
Moving against Southern Stock
| 0.8 | VBFC | Village Bank | PairCorr |
| 0.57 | TECTP | Tectonic Financial | PairCorr |
| 0.56 | DB | Deutsche Bank AG Normal Trading | PairCorr |
| 0.34 | EBTC | Enterprise Bancorp | PairCorr |
| 0.71 | EFSI | Eagle Financial Services | PairCorr |
| 0.5 | WSBCP | WesBanco | PairCorr |
| 0.44 | KEY-PI | KeyCorp | PairCorr |
| 0.31 | BANC-PF | Banc of California | PairCorr |
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 Southern Stock performing well and Southern California 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 Southern California'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVBH | 0.89 | 0.12 | 0.06 | 0.35 | 1.27 | 4.85 | 12.25 | |||
| ARBV | 0.27 | (0.03) | 0.00 | 0.24 | 0.00 | 0.51 | 3.17 | |||
| AMBZ | 0.86 | 0.02 | 0.02 | 0.07 | 1.12 | 1.74 | 8.13 | |||
| PBAM | 0.64 | 0.28 | 0.49 | 2.24 | 0.00 | 1.96 | 5.61 | |||
| CFST | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Southern California Corporate Management
| Manisha Merchant | General VP | Profile | |
| Jeffery Hurtik | Executive Officer | Profile | |
| Peter Nutz | Executive Officer | Profile | |
| Anne Williams | Ex Officer | Profile |