Columbia Financial Correlations

CLBK Stock  USD 16.23  0.36  2.27%   
The current 90-days correlation between Columbia Financial and First Northwest Bancorp is 0.42 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Columbia Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbia Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Columbia Financial Correlation With Market

Very weak diversification

The correlation between Columbia Financial and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia 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 Columbia 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 bureau of labor statistics.
For more information on how to buy Columbia Stock please use our How to buy in Columbia Stock guide.

Moving together with Columbia Stock

  0.94AX Axos FinancialPairCorr
  0.85BY Byline BancorpPairCorr
  0.66KB KB Financial GroupPairCorr
  0.73PB Prosperity BancsharesPairCorr
  0.88RF Regions FinancialPairCorr
  0.88VABK Virginia NationalPairCorr
  0.9VBNK VersaBank Earnings Call TomorrowPairCorr
  0.92VBTX Veritex HoldingsPairCorr
  0.69TFC-PI Truist FinancialPairCorr
  0.63ECBK ECB BancorpPairCorr
  0.84EGBN Eagle BancorpPairCorr
  0.7KEY-PJ KeyCorpPairCorr
  0.79KEY-PK KeyCorpPairCorr
  0.92WABC Westamerica BancorporationPairCorr
  0.91WAFD Washington FederalPairCorr
  0.86WASH Washington Trust BancorpPairCorr
  0.89EQBK Equity Bancshares,PairCorr
  0.7WAFDP Washington FederalPairCorr
  0.65EVBN Evans BancorpPairCorr
  0.76WMPN William Penn BancorpPairCorr

Moving against Columbia Stock

  0.81VBFC Village BankPairCorr
  0.6TECTP Tectonic FinancialPairCorr
  0.55DB Deutsche Bank AG Normal TradingPairCorr
  0.51EBTC Enterprise BancorpPairCorr
  0.7EFSI Eagle Financial ServicesPairCorr
  0.57WSBCP WesBancoPairCorr
  0.41BANC-PF Banc of CaliforniaPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
FFNWCWBC
AFBICWBC
AFBIFFNW
FRAFFNWB
HFBLFCAP
FRAFFCAP
  
High negative correlations   
HFBLCWBC
HFBLAFBI
MGYRFFNW
MGYRCWBC
HFBLFFNW
AFBIFCAP

Risk-Adjusted Indicators

There is a big difference between Columbia Stock performing well and Columbia 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 Columbia 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CWBC  0.99 (0.11) 0.00 (0.15) 0.00 
 2.45 
 6.94 
FFNW  0.69 (0.08) 0.00 (0.21) 0.00 
 1.08 
 4.22 
FNWB  1.25 (0.01) 0.00 (0.03) 0.00 
 2.93 
 9.99 
FCAP  1.50  0.23  0.11  0.71  1.84 
 3.27 
 11.75 
MGYR  1.29  0.20  0.12  0.62  1.26 
 3.04 
 10.79 
OFED  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
HMNF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AFBI  1.05 (0.09) 0.00 (0.27) 0.00 
 2.56 
 22.47 
FRAF  1.04  0.21  0.17  0.36  0.94 
 4.20 
 8.09 
HFBL  1.41  0.07  0.03 (0.22) 1.91 
 5.67 
 13.32 

Columbia Financial Corporate Management

Matthew RickertExecutive OfficerProfile
CFA CFAEx CFOProfile
Oliver LewisExecutive BankingProfile
Jenifer WaldenExecutive OfficerProfile