CrossFirst Bankshares Correlations

CFB Stock

USD 15.75 0.20 1.25%

The correlation of CrossFirst Bankshares 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.

CrossFirst Bankshares Correlation With Market

Very weak diversification

The correlation between CrossFirst Bankshares 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 CrossFirst Bankshares 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 CrossFirst Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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

Moving together with CrossFirst Stock

0.79	AX	Axos Financial	Pair Corr
0.96	BY	Byline Bancorp	Pair Corr
0.64	NU	Nu Holdings	Pair Corr
0.83	PB	Prosperity Bancshares	Pair Corr
0.8	RF	Regions Financial	Pair Corr
0.69	WF	Woori Financial Group	Pair Corr
0.8	VABK	Virginia National	Pair Corr
0.78	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.8	VBTX	Veritex Holdings	Pair Corr
0.83	TFC-PI	Truist Financial	Pair Corr
0.62	TFC-PO	Truist Financial	Pair Corr
0.71	EBMT	Eagle Bancorp Montana	Pair Corr
0.64	CFG-PE	Citizens Financial	Pair Corr
0.8	EFSC	Enterprise Financial	Pair Corr
0.79	EGBN	Eagle Bancorp	Pair Corr
0.8	KEY-PJ	KeyCorp	Pair Corr
0.83	KEY-PK	KeyCorp	Pair Corr
0.75	WABC	Westamerica Bancorporation	Pair Corr
0.65	WAFD	Washington Federal	Pair Corr
0.89	WASH	Washington Trust Bancorp	Pair Corr
0.92	EQBK	Equity Bancshares,	Pair Corr
0.69	EVBN	Evans Bancorp	Pair Corr
0.92	WMPN	William Penn Bancorp	Pair Corr
0.64	WNEB	Western New England	Pair Corr

Moving against CrossFirst Stock

0.69	VBFC	Village Bank	Pair Corr
0.83	EFSI	Eagle Financial Services	Pair Corr

Related Correlations Analysis

	LBC	HBCP	GSBC	FNWD	CWBC	HVBC	FCAP	HFBL	MGYR	FMBH
LBC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LBC
HBCP	0.0		0.46	0.12	0.57	0.0	0.12	-0.01	-0.15	0.72	HBCP
GSBC	0.0	0.46		0.8	0.9	0.0	-0.51	-0.58	-0.32	0.83	GSBC
FNWD	0.0	0.12	0.8		0.85	0.0	-0.54	-0.75	-0.56	0.7	FNWD
CWBC	0.0	0.57	0.9	0.85		0.0	-0.37	-0.59	-0.52	0.94	CWBC
HVBC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HVBC
FCAP	0.0	0.12	-0.51	-0.54	-0.37	0.0		0.62	0.1	-0.14	FCAP
HFBL	0.0	-0.01	-0.58	-0.75	-0.59	0.0	0.62		0.45	-0.42	HFBL
MGYR	0.0	-0.15	-0.32	-0.56	-0.52	0.0	0.1	0.45		-0.54	MGYR
FMBH	0.0	0.72	0.83	0.7	0.94	0.0	-0.14	-0.42	-0.54		FMBH
	LBC	HBCP	GSBC	FNWD	CWBC	HVBC	FCAP	HFBL	MGYR	FMBH

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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

FMBH	+ 0.94	CWBC
CWBC	+ 0.9	GSBC
CWBC	+ 0.85	FNWD
FMBH	+ 0.83	GSBC
FNWD	+ 0.8	GSBC
FMBH	+ 0.72	HBCP

High negative correlations

HFBL	- 0.75	FNWD
HFBL	- 0.59	CWBC
HFBL	- 0.58	GSBC
MGYR	- 0.56	FNWD
FMBH	- 0.54	MGYR
FCAP	- 0.54	FNWD

Risk-Adjusted Indicators

There is a big difference between CrossFirst Stock performing well and CrossFirst Bankshares 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 CrossFirst Bankshares' 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
LBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HBCP	1.35	(0.02)	0.00	(0.02)	0.00	0.00	2.82	(2.42)	8.81
GSBC	1.23	(0.06)	0.00	(0.08)	0.00	0.00	2.59	(2.97)	7.73
FNWD	0.90	(0.25)	0.00	(0.93)	0.00	0.00	1.36	(1.97)	8.51
CWBC	0.99	(0.13)	0.00	(0.15)	0.00	0.00	2.45	(2.17)	6.94
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCAP	1.49	0.14	0.06	(0.35)	1.91	(1.63)	3.27	(3.81)	11.75
HFBL	1.54	0.16	0.06	(0.88)	1.87	(2.20)	6.19	(4.53)	13.83
MGYR	1.33	0.22	0.13	0.67	1.26	(1.78)	3.04	(2.91)	10.79
FMBH	1.17	(0.13)	0.00	(0.14)	0.00	0.00	2.39	(2.32)	6.79

CrossFirst Bankshares Corporate Management

David OToole	Chief Officer	Profile
Steve Peterson	Chief Officer	Profile
Amy Abrams	General Secretary	Profile
Benjamin CPA	Chief Officer	Profile
Heather Worley	Director Relations	Profile

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