Commerce Bancshares Correlations
| CB5 Stock | EUR 64.00 0.50 0.78% |
The current 90-days correlation between Commerce Bancshares and Superior Plus Corp is 0.33 (i.e., Weak diversification). The correlation of Commerce Bancshares 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.
Commerce Bancshares Correlation With Market
Modest diversification
The correlation between Commerce Bancshares and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commerce Bancshares and DJI in the same portfolio, assuming nothing else is changed.
Commerce |
The ability to find closely correlated positions to Commerce Bancshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commerce Bancshares 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 Commerce Bancshares - 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 Commerce Bancshares to buy it.
Moving together with Commerce Stock
| 0.93 | UB5 | US Bancorp | PairCorr |
| 0.96 | PNP | PNC Financial | PairCorr |
| 0.94 | FFH | Fifth Third Bancorp | PairCorr |
| 0.93 | MTZ | MT Bank Corp | PairCorr |
| 0.97 | HU3 | Huntington Bancshares | PairCorr |
| 0.97 | RN7 | Regions Financial | PairCorr |
| 0.95 | 1C5 | Citizens Financial | PairCorr |
| 0.96 | KEY | KeyCorp | PairCorr |
| 0.77 | 0ZQ | JSC National Atomic | PairCorr |
| 0.77 | ABEA | Alphabet Class A | PairCorr |
Moving against Commerce Stock
| 0.9 | ROM | ROHM | PairCorr |
| 0.76 | 0JM | PT Jasa Marga | PairCorr |
| 0.65 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.54 | IDO1 | PT Indosat Tbk Split | PairCorr |
| 0.54 | C4X | Onxeo SA | PairCorr |
| 0.46 | BRH | Berkshire Hathaway | PairCorr |
| 0.41 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.36 | BOSS | Hugo Boss AG | 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 Commerce Stock performing well and Commerce Bancshares 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 Commerce Bancshares' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FFH | 1.27 | 0.20 | 0.12 | 0.42 | 1.14 | 3.10 | 8.38 | |||
| RN7 | 1.38 | 0.30 | 0.15 | 1.52 | 1.12 | 3.35 | 13.07 | |||
| 8SP | 2.13 | (0.20) | 0.00 | (3.42) | 0.00 | 3.36 | 20.22 | |||
| 2DG | 5.40 | (0.38) | 0.00 | (0.18) | 0.00 | 13.64 | 52.42 | |||
| XYTA | 12.32 | 4.53 | 0.15 | (1.79) | 8.16 | 33.33 | 233.33 | |||
| 9K1 | 1.76 | (0.36) | 0.00 | 1.54 | 0.00 | 2.94 | 14.80 | |||
| 3RKU | 1.54 | 0.45 | 0.23 | 1.69 | 1.25 | 3.31 | 9.54 | |||
| VUSA | 0.56 | 0.15 | 0.17 | 0.24 | 0.48 | 1.19 | 6.02 | |||
| MEL | 1.16 | 0.22 | 0.13 | 2.56 | 1.03 | 3.33 | 7.09 | |||
| HEI | 1.21 | 0.37 | 0.31 | 0.48 | 0.68 | 3.29 | 8.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Commerce Bancshares 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?
Run Performance Analysis Now
Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
| All Next | Launch Module |
Commerce Bancshares Corporate Management
Elected by the shareholders, the Commerce Bancshares' board of directors comprises two types of representatives: Commerce Bancshares inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Commerce. The board's role is to monitor Commerce Bancshares' management team and ensure that shareholders' interests are well served. Commerce Bancshares' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Commerce Bancshares' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Charles Kim | Ex CFO | Profile | |
| Kevin Barth | Ex Bus | Profile | |
| Paul Steiner | Controller Officer | Profile | |
| David Kemper | Non Chairman | Profile | |
| John Kemper | CEO Pres | Profile | |
| Jeffrey Missman | VP | Profile | |
| David Roller | VP Officer | Profile |