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

  0.71AX Axos FinancialPairCorr
  0.62BY Byline BancorpPairCorr
  0.73VABK Virginia NationalPairCorr
  0.73VBTX Veritex HoldingsPairCorr
  0.61EGBN Eagle BancorpPairCorr
  0.67WABC Westamerica BancorporationPairCorr
  0.7WAFD Washington FederalPairCorr
  0.66WAFDP Washington FederalPairCorr
  0.65EVBN Evans BancorpPairCorr

Moving against Columbia Stock

  0.55VBFC Village BankPairCorr
  0.43TECTP Tectonic FinancialPairCorr
  0.37DB Deutsche Bank AGPairCorr
  0.45WSBCP WesBancoPairCorr
  0.38KEY-PI KeyCorpPairCorr
  0.32BANC-PF Banc of CaliforniaPairCorr

Related Correlations Analysis

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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   
FRAFFCAP
FRAFFNWB
AFBICWBC
HFBLFRAF
HFBLFCAP
FRAFMGYR
  
High negative correlations   
FCAPCWBC
HFBLAFBI
HFBLFFNW
HFBLCWBC
AFBIFNWB
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  0.98 (0.19) 0.00 (0.31) 0.00 
 2.28 
 6.01 
FFNW  0.99  0.03  0.09 (5.19) 1.05 
 1.17 
 16.29 
FNWB  1.17 (0.01) 0.00 (0.17) 0.00 
 2.68 
 9.99 
FCAP  1.28  0.39  0.21  0.73  1.46 
 3.26 
 10.37 
MGYR  1.14  0.06  0.06  0.23  1.45 
 2.98 
 6.74 
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  1.14 (0.13) 0.00 (0.45) 0.00 
 2.53 
 22.46 
FRAF  1.08  0.18  0.20  0.47  0.94 
 4.20 
 8.27 
HFBL  1.56  0.11  0.06  0.34  2.04 
 5.67 
 13.32 

Columbia Financial Corporate Management

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