CNB Financial Correlations

CCNE Stock

USD 22.39 0.19 0.84%

The current 90-days correlation between CNB Financial and Great Southern Bancorp is 0.76 (i.e., Poor diversification). The correlation of CNB Financial 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.

CNB Financial Correlation With Market

Very weak diversification

The correlation between CNB Financial and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CNB Financial 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 CNB Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade CNB Stock refer to our How to Trade CNB Stock guide.

Moving together with CNB Stock

0.85	AX	Axos Financial	Pair Corr
0.98	BY	Byline Bancorp	Pair Corr
0.81	PB	Prosperity Bancshares	Pair Corr
0.83	RF	Regions Financial	Pair Corr
0.79	VABK	Virginia National	Pair Corr
0.8	VBNK	VersaBank	Pair Corr
0.9	VBTX	Veritex Holdings	Pair Corr
0.64	TFC-PI	Truist Financial	Pair Corr
0.73	EFSC	Enterprise Financial	Pair Corr
0.87	EGBN	Eagle Bancorp	Pair Corr
0.61	KEY-PK	KeyCorp	Pair Corr
0.73	WABC	Westamerica Bancorporation	Pair Corr
0.66	WAFD	Washington Federal	Pair Corr
0.88	WASH	Washington Trust Bancorp	Pair Corr
0.95	EQBK	Equity Bancshares,	Pair Corr
0.63	WAFDP	Washington Federal	Pair Corr
0.74	TFINP	Triumph Financial	Pair Corr
0.88	EVBN	Evans Bancorp	Pair Corr
0.92	WMPN	William Penn Bancorp	Pair Corr
0.62	WNEB	Western New England	Pair Corr

Moving against CNB Stock

0.76	VBFC	Village Bank	Pair Corr
0.4	DB	Deutsche Bank AG	Pair Corr
0.34	TECTP	Tectonic Financial	Pair Corr

Related Correlations Analysis

	FNWD	GSBC	FMBH	FRAF	CWBC	HBCP	HFWA	FNWB	HTBI
FNWD		0.69	0.48	-0.42	0.74	-0.04	0.32	-0.31	0.47	FNWD
GSBC	0.69		0.83	-0.17	0.92	0.5	0.73	0.22	0.21	GSBC
FMBH	0.48	0.83		0.28	0.91	0.75	0.87	0.49	0.26	FMBH
FRAF	-0.42	-0.17	0.28		-0.04	0.46	0.23	0.63	0.2	FRAF
CWBC	0.74	0.92	0.91	-0.04		0.56	0.81	0.21	0.3	CWBC
HBCP	-0.04	0.5	0.75	0.46	0.56		0.79	0.68	-0.15	HBCP
HFWA	0.32	0.73	0.87	0.23	0.81	0.79		0.45	-0.04	HFWA
FNWB	-0.31	0.22	0.49	0.63	0.21	0.68	0.45		-0.04	FNWB
HTBI	0.47	0.21	0.26	0.2	0.3	-0.15	-0.04	-0.04		HTBI
	FNWD	GSBC	FMBH	FRAF	CWBC	HBCP	HFWA	FNWB	HTBI

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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

CWBC	+ 0.92	GSBC
CWBC	+ 0.91	FMBH
HFWA	+ 0.87	FMBH
FMBH	+ 0.83	GSBC
HFWA	+ 0.81	CWBC
HFWA	+ 0.79	HBCP

High negative correlations

FRAF	- 0.42	FNWD
FNWB	- 0.31	FNWD
FRAF	- 0.17	GSBC
HTBI	- 0.15	HBCP
HTBI	- 0.04	FNWB
HTBI	- 0.04	HFWA

Risk-Adjusted Indicators

There is a big difference between CNB Stock performing well and CNB Financial 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 CNB Financial'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
FNWD	1.10	(0.04)	0.00	(0.29)	0.00	0.00	2.58	(1.97)	8.51
GSBC	1.23	(0.09)	0.00	(0.23)	0.00	0.00	2.27	(3.02)	7.73
FMBH	1.17	(0.14)	0.00	(0.27)	0.00	0.00	2.39	(2.73)	6.93
FRAF	1.09	0.18	0.19	0.21	1.07	(1.31)	4.20	(2.16)	8.27
CWBC	0.96	(0.20)	0.00	(0.37)	0.00	0.00	2.28	(2.17)	6.01
HBCP	1.33	(0.05)	0.00	(0.17)	0.00	0.00	2.82	(3.06)	8.36
HFWA	1.18	(0.07)	0.00	(0.21)	0.00	0.00	2.33	(3.27)	8.15
FNWB	1.20	(0.03)	0.00	(0.17)	0.00	0.00	2.68	(2.76)	9.99
HTBI	1.24	(0.02)	0.00	(0.37)	0.00	0.00	2.33	(1.88)	7.22

CNB Financial Corporate Management

CPA CPA	VP Director	Profile
Angela Wilcoxson	Executive Officer	Profile
Katie Andersen	Senior Officer	Profile
Amy Potter	VP Marketing	Profile

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