Civista Bancshares Correlations

CIVB Stock

USD 19.53 0.11 0.56%

The current 90-days correlation between Civista Bancshares and First Financial Northwest is 0.24 (i.e., Modest diversification). The correlation of Civista 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.

Civista Bancshares Correlation With Market

Weak diversification

The correlation between Civista Bancshares and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Civista Bancshares 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 Civista Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

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

Moving together with Civista Stock

0.82	AX	Axos Financial	Pair Corr
0.95	BY	Byline Bancorp	Pair Corr
0.83	PB	Prosperity Bancshares	Pair Corr
0.81	RF	Regions Financial	Pair Corr
0.65	VABK	Virginia National	Pair Corr
0.72	VBNK	VersaBank	Pair Corr
0.89	VBTX	Veritex Holdings	Pair Corr
0.78	EBTC	Enterprise Bancorp	Pair Corr
0.73	EFSC	Enterprise Financial	Pair Corr
0.84	EGBN	Eagle Bancorp	Pair Corr
0.79	WASH	Washington Trust Bancorp	Pair Corr
0.94	EQBK	Equity Bancshares,	Pair Corr
0.64	ESSA	ESSA Bancorp	Pair Corr
0.72	TFINP	Triumph Financial	Pair Corr
0.9	EVBN	Evans Bancorp	Pair Corr
0.91	WMPN	William Penn Bancorp	Pair Corr
0.61	WNEB	Western New England	Pair Corr

Moving against Civista Stock

0.77	VBFC	Village Bank	Pair Corr
0.46	DB	Deutsche Bank AG	Pair Corr
0.34	TECTP	Tectonic Financial	Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FNWB	FCAP	FNWD	HFWA	CWBC	FRAF	CFFI
HMNF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	0.0		-0.24	0.31	0.44	-0.56	0.13	-0.25	0.49	0.23	HFBL
FFNW	0.0	-0.24		0.04	-0.01	0.34	0.18	0.22	0.04	0.3	FFNW
FNWB	0.0	0.31	0.04		0.04	-0.59	0.47	0.21	0.58	0.77	FNWB
FCAP	0.0	0.44	-0.01	0.04		-0.13	-0.35	-0.59	0.68	0.03	FCAP
FNWD	0.0	-0.56	0.34	-0.59	-0.13		-0.2	0.25	-0.38	-0.43	FNWD
HFWA	0.0	0.13	0.18	0.47	-0.35	-0.2		0.75	0.23	0.61	HFWA
CWBC	0.0	-0.25	0.22	0.21	-0.59	0.25	0.75		-0.07	0.42	CWBC
FRAF	0.0	0.49	0.04	0.58	0.68	-0.38	0.23	-0.07		0.59	FRAF
CFFI	0.0	0.23	0.3	0.77	0.03	-0.43	0.61	0.42	0.59		CFFI
	HMNF	HFBL	FFNW	FNWB	FCAP	FNWD	HFWA	CWBC	FRAF	CFFI

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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

CFFI	+ 0.77	FNWB
CWBC	+ 0.75	HFWA
FRAF	+ 0.68	FCAP
CFFI	+ 0.61	HFWA
CFFI	+ 0.59	FRAF
FRAF	+ 0.58	FNWB

High negative correlations

CWBC	- 0.59	FCAP
FNWD	- 0.59	FNWB
FNWD	- 0.56	HFBL
CFFI	- 0.43	FNWD
FRAF	- 0.38	FNWD
HFWA	- 0.35	FCAP

Risk-Adjusted Indicators

There is a big difference between Civista Stock performing well and Civista 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 Civista 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
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.61	0.16	0.07	0.48	2.06	(2.10)	5.67	(4.53)	13.32
FFNW	0.98	0.05	0.10	(4.29)	1.01	(1.14)	1.17	(1.77)	16.29
FNWB	1.20	0.00	0.00	(0.07)	0.00	0.00	2.68	(2.76)	9.99
FCAP	1.23	0.45	0.26	0.88	1.22	(1.40)	3.26	(2.28)	10.37
FNWD	1.05	(0.09)	0.00	(0.46)	0.00	0.00	2.12	(1.97)	8.51
HFWA	1.20	(0.07)	0.00	(0.15)	0.00	0.00	2.33	(3.27)	8.15
CWBC	0.99	(0.21)	0.00	(0.33)	0.00	0.00	2.28	(2.17)	6.01
FRAF	1.11	0.16	0.16	0.25	1.01	(1.39)	4.20	(2.14)	8.27
CFFI	2.13	(0.03)	0.00	(0.10)	0.00	0.00	3.70	(4.41)	15.01

Civista Bancshares Corporate Executives

Elected by the shareholders, the Civista Bancshares' board of directors comprises two types of representatives: Civista Bancshares inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Civista. The board's role is to monitor Civista Bancshares' management team and ensure that shareholders' interests are well served. Civista 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, Civista Bancshares' outside directors are responsible for providing unbiased perspectives on the board's policies.

Richard Dutton

Sr. VP and COO of Civista Bank

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