CrossFirst Bankshares Correlations

Summary

CFBDelisted Stock

USD 15.99 0.07 0.44%

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

Significant diversification

The correlation between CrossFirst Bankshares and DJI is 0.07 (i.e., Significant 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. 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.

Moving together with CrossFirst Stock

0.65	MBCN	Middlefield Banc	Pair Corr
0.63	MNSB	Mainstreet Bank	Pair Corr
0.68	ECBK	ECB Bancorp	Pair Corr

Moving against CrossFirst Stock

0.75	NU	Nu Holdings	Pair Corr
0.69	MBIN	Merchants Bancorp	Pair Corr
0.55	RF-PC	Regions Financial	Pair Corr
0.5	MBWM	Mercantile Bank	Pair Corr
0.46	PB	Prosperity Bancshares	Pair Corr
0.4	KB	KB Financial Group	Pair Corr
0.39	TECTP	Tectonic Financial	Pair Corr
0.71	MRBK	Meridian Bank	Pair Corr
0.62	TFC-PO	Truist Financial	Pair Corr
0.62	TFC-PR	Truist Financial	Pair Corr
0.62	CFG-PH	Citizens Financial Group,	Pair Corr
0.54	WAL-PA	Western Alliance Ban	Pair Corr
0.53	CFG-PE	Citizens Financial	Pair Corr
0.52	EFSC	Enterprise Financial	Pair Corr
0.49	MBINN	Merchants Bancorp	Pair Corr
0.46	EBTC	Enterprise Bancorp	Pair Corr
0.45	MOFG	MidWestOne Financial	Pair Corr
0.36	TFC-PI	Truist Financial	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		0.49	-0.4	0.59	0.0	-0.23	0.18	0.31	0.81	HBCP
GSBC	0.0	0.49		0.24	0.88	0.0	-0.73	-0.39	0.14	0.75	GSBC
FNWD	0.0	-0.4	0.24		0.25	0.0	-0.13	-0.56	-0.25	-0.13	FNWD
CWBC	0.0	0.59	0.88	0.25		0.0	-0.59	-0.25	0.2	0.85	CWBC
HVBC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HVBC
FCAP	0.0	-0.23	-0.73	-0.13	-0.59	0.0		0.44	0.18	-0.36	FCAP
HFBL	0.0	0.18	-0.39	-0.56	-0.25	0.0	0.44		0.27	0.03	HFBL
MGYR	0.0	0.31	0.14	-0.25	0.2	0.0	0.18	0.27		0.36	MGYR
FMBH	0.0	0.81	0.75	-0.13	0.85	0.0	-0.36	0.03	0.36		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

CWBC	+ 0.88	GSBC
FMBH	+ 0.85	CWBC
FMBH	+ 0.81	HBCP
FMBH	+ 0.75	GSBC
CWBC	+ 0.59	HBCP
GSBC	+ 0.49	HBCP

High negative correlations

FCAP	- 0.73	GSBC
FCAP	- 0.59	CWBC
HFBL	- 0.56	FNWD
FNWD	- 0.4	HBCP
HFBL	- 0.39	GSBC
FMBH	- 0.36	FCAP

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	1.36	(0.07)	0.00	(0.13)	0.00	0.00	2.82	(3.25)	8.36
GSBC	1.25	(0.16)	0.00	(0.26)	0.00	0.00	2.27	(3.02)	7.73
FNWD	1.05	(0.09)	0.00	(0.46)	0.00	0.00	2.12	(1.97)	8.51
CWBC	0.99	(0.21)	0.00	(0.33)	0.00	0.00	2.28	(2.17)	6.01
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCAP	1.23	0.45	0.26	0.88	1.22	(1.40)	3.26	(2.28)	10.37
HFBL	1.61	0.16	0.07	0.48	2.06	(2.10)	5.67	(4.53)	13.32
MGYR	1.10	0.03	0.04	0.00	1.45	(1.35)	2.98	(2.68)	6.74
FMBH	1.14	(0.17)	0.00	(0.25)	0.00	0.00	2.39	(2.73)	6.93

View CrossFirst Bankshares Related Equities

Luther Burbank Home Bancorp Great Southern Bancorp Finward Bancorp Community West Bancshares HV Bancorp First Capital Home Federal Bancorp Magyar Bancorp First Mid Illinois Franklin Financial Services HMN Financial First Northwest Bancorp First Financial Northwest Civista Bancshares

Risk & Return

Correlation

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

Still Interested in CrossFirst Bankshares?

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