Columbia Financial Correlations

CLBK Stock

USD 15.01 0.14 0.92%

The current 90-days correlation between Columbia Financial and QCR Holdings is 0.68 (i.e., Poor 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 0.45 (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

0.71	AX	Axos Financial	Pair Corr
0.62	BY	Byline Bancorp	Pair Corr
0.73	VABK	Virginia National	Pair Corr
0.73	VBTX	Veritex Holdings	Pair Corr
0.61	EGBN	Eagle Bancorp	Pair Corr
0.67	WABC	Westamerica Bancorporation	Pair Corr
0.7	WAFD	Washington Federal	Pair Corr
0.66	WAFDP	Washington Federal	Pair Corr
0.65	EVBN	Evans Bancorp	Pair Corr

Moving against Columbia Stock

0.55	VBFC	Village Bank	Pair Corr
0.43	TECTP	Tectonic Financial	Pair Corr
0.37	DB	Deutsche Bank AG	Pair Corr
0.45	WSBCP	WesBanco	Pair Corr
0.38	KEY-PI	KeyCorp	Pair Corr
0.32	BANC-PF	Banc of California	Pair Corr

Related Correlations Analysis

	CWBC	FFNW	FNWB	FCAP	MGYR	OFED	HMNF	AFBI	FRAF	HFBL
CWBC		0.32	0.24	-0.59	0.13	0.0	0.0	0.53	-0.07	-0.27	CWBC
FFNW	0.32		0.04	-0.08	0.09	0.0	0.0	0.13	0.0	-0.32	FFNW
FNWB	0.24	0.04		0.06	0.31	0.0	0.0	-0.19	0.59	0.36	FNWB
FCAP	-0.59	-0.08	0.06		0.24	0.0	0.0	-0.14	0.7	0.43	FCAP
MGYR	0.13	0.09	0.31	0.24		0.0	0.0	0.0	0.39	0.35	MGYR
OFED	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	OFED
HMNF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HMNF
AFBI	0.53	0.13	-0.19	-0.14	0.0	0.0	0.0		0.03	-0.42	AFBI
FRAF	-0.07	0.0	0.59	0.7	0.39	0.0	0.0	0.03		0.46	FRAF
HFBL	-0.27	-0.32	0.36	0.43	0.35	0.0	0.0	-0.42	0.46		HFBL
	CWBC	FFNW	FNWB	FCAP	MGYR	OFED	HMNF	AFBI	FRAF	HFBL

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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

FRAF	+ 0.7	FCAP
FRAF	+ 0.59	FNWB
AFBI	+ 0.53	CWBC
HFBL	+ 0.46	FRAF
HFBL	+ 0.43	FCAP
FRAF	+ 0.39	MGYR

High negative correlations

FCAP	- 0.59	CWBC
HFBL	- 0.42	AFBI
HFBL	- 0.32	FFNW
HFBL	- 0.27	CWBC
AFBI	- 0.19	FNWB
AFBI	- 0.14	FCAP

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CWBC	0.98	(0.19)	0.00	(0.31)	0.00	0.00	2.28	(2.17)	6.01
FFNW	0.99	0.03	0.09	(5.19)	1.05	(1.14)	1.17	(1.77)	16.29
FNWB	1.17	(0.01)	0.00	(0.17)	0.00	0.00	2.68	(2.76)	9.99
FCAP	1.28	0.39	0.21	0.73	1.46	(1.40)	3.26	(3.38)	10.37
MGYR	1.14	0.06	0.06	0.23	1.45	(1.40)	2.98	(2.68)	6.74
OFED	0.00	0.00	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	0.00	0.00
AFBI	1.14	(0.13)	0.00	(0.45)	0.00	0.00	2.53	(2.02)	22.46
FRAF	1.08	0.18	0.20	0.47	0.94	(1.34)	4.20	(1.64)	8.27
HFBL	1.56	0.11	0.06	0.34	2.04	(2.09)	5.67	(4.53)	13.32

Columbia Financial Corporate Management

Matthew Rickert	Executive Officer	Profile
CFA CFA	Ex CFO	Profile
Oliver Lewis	Executive Banking	Profile
Jenifer Walden	Executive Officer	Profile

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