Citizens Financial Correlations

CFG Stock

USD 42.27 0.03 0.07%

The current 90-days correlation between Citizens Financial Group, and Regions Financial is 0.08 (i.e., Significant diversification). The correlation of Citizens 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.

Citizens Financial Correlation With Market

Poor diversification

The correlation between Citizens Financial Group, and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citizens Financial Group, 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 Citizens Financial Group,. 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 Citizens Stock

0.69	AX	Axos Financial	Pair Corr
0.78	BY	Byline Bancorp	Pair Corr
0.69	KB	KB Financial Group	Pair Corr
0.68	NU	Nu Holdings	Pair Corr
0.96	PB	Prosperity Bancshares	Pair Corr
0.85	RF	Regions Financial Normal Trading	Pair Corr
0.78	VBNK	VersaBank	Pair Corr
0.63	VBTX	Veritex Holdings	Pair Corr
0.76	EBTC	Enterprise Bancorp	Pair Corr
0.74	EFSC	Enterprise Financial	Pair Corr
0.83	WASH	Washington Trust Bancorp	Pair Corr
0.88	EQBK	Equity Bancshares,	Pair Corr
0.78	ESSA	ESSA Bancorp	Pair Corr
0.67	TFINP	Triumph Financial	Pair Corr
0.77	EVBN	Evans Bancorp	Pair Corr
0.87	WMPN	William Penn Bancorp	Pair Corr

Moving against Citizens Stock

0.65	ECBK	ECB Bancorp	Pair Corr
0.5	VBFC	Village Bank	Pair Corr
0.43	DB	Deutsche Bank AG	Pair Corr
0.34	EBMT	Eagle Bancorp Montana	Pair Corr

Related Correlations Analysis

	PNC	RF	FITB	CMA	HBAN	MTB	FHN	KEY	ZION	WAL
PNC		0.93	0.96	0.82	0.98	0.96	0.84	0.9	0.97	0.87	PNC
RF	0.93		0.94	0.79	0.92	0.91	0.78	0.96	0.91	0.85	RF
FITB	0.96	0.94		0.86	0.97	0.97	0.87	0.92	0.96	0.93	FITB
CMA	0.82	0.79	0.86		0.84	0.91	0.95	0.84	0.84	0.84	CMA
HBAN	0.98	0.92	0.97	0.84		0.97	0.87	0.91	0.99	0.89	HBAN
MTB	0.96	0.91	0.97	0.91	0.97		0.92	0.9	0.97	0.91	MTB
FHN	0.84	0.78	0.87	0.95	0.87	0.92		0.81	0.87	0.86	FHN
KEY	0.9	0.96	0.92	0.84	0.91	0.9	0.81		0.9	0.85	KEY
ZION	0.97	0.91	0.96	0.84	0.99	0.97	0.87	0.9		0.91	ZION
WAL	0.87	0.85	0.93	0.84	0.89	0.91	0.86	0.85	0.91		WAL
	PNC	RF	FITB	CMA	HBAN	MTB	FHN	KEY	ZION	WAL

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Risk-Adjusted Indicators

There is a big difference between Citizens Stock performing well and Citizens 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 Citizens 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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PNC	1.08	(0.16)	(0.14)	0.00	0.00	1.81	(2.87)	8.03
RF	1.19	(0.17)	1.30	0.00	0.00	2.57	(2.81)	6.28
FITB	1.18	(0.16)	(0.15)	0.00	0.00	2.47	(2.83)	6.08
CMA	1.39	(0.06)	(0.05)	0.00	0.00	2.84	(3.75)	9.01
HBAN	1.20	(0.12)	(0.10)	0.00	0.00	2.31	(2.52)	6.86
MTB	1.10	(0.10)	(0.09)	0.00	0.00	2.19	(2.67)	6.97
FHN	1.45	0.00	0.01	2.10	(1.46)	2.73	(3.32)	9.75
KEY	1.43	(0.12)	(8.03)	0.00	0.00	2.72	(3.60)	7.45
ZION	1.47	(0.13)	(0.09)	0.00	0.00	2.65	(3.08)	9.75
WAL	1.95	(0.12)	(0.06)	0.00	0.00	3.52	(3.97)	11.16

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