Columbia Banking Correlations
| COLB Stock | USD 25.57 0.10 0.39% |
The current 90-days correlation between Columbia Banking System and Glacier Bancorp is 0.12 (i.e., Average diversification). The correlation of Columbia Banking 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.
Columbia Banking Correlation With Market
Poor diversification
The correlation between Columbia Banking System and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbia Banking System and DJI in the same portfolio, assuming nothing else is changed.
Columbia |
Moving together with Columbia Stock
| 0.91 | AX | Axos Financial | PairCorr |
| 0.82 | BY | Byline Bancorp | PairCorr |
| 0.79 | KB | KB Financial Group | PairCorr |
| 0.92 | PB | Prosperity Bancshares | PairCorr |
| 0.97 | RF | Regions Financial | PairCorr |
| 0.88 | VBNK | VersaBank | PairCorr |
| 0.82 | VBTX | Veritex Holdings | PairCorr |
| 0.66 | EFSI | Eagle Financial Services | PairCorr |
| 0.85 | EGBN | Eagle Bancorp | PairCorr |
| 0.75 | WASH | Washington Trust Bancorp | PairCorr |
| 0.89 | EQBK | Equity Bancshares, | PairCorr |
| 0.63 | WAFDP | Washington Federal | PairCorr |
| 0.89 | EVBN | Evans Bancorp | PairCorr |
| 0.87 | WMPN | William Penn Bancorp | PairCorr |
Moving against Columbia Stock
| 0.72 | VBFC | Village Bank | PairCorr |
| 0.67 | DB | Deutsche Bank AG | PairCorr |
| 0.54 | TECTP | Tectonic Financial | PairCorr |
| 0.52 | EBMT | Eagle Bancorp Montana | PairCorr |
| 0.45 | ECBK | ECB Bancorp | PairCorr |
| 0.36 | WSBCP | WesBanco | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Columbia Stock performing well and Columbia Banking 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 Banking'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GBCI | 1.29 | (0.32) | 0.00 | 9.32 | 0.00 | 2.03 | 9.37 | |||
| CVBF | 1.27 | (0.22) | 0.00 | (0.25) | 0.00 | 2.25 | 7.71 | |||
| IBTX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FFIN | 1.28 | (0.11) | 0.00 | (0.15) | 0.00 | 3.11 | 6.45 | |||
| FIBK | 1.38 | (0.16) | 0.00 | (0.17) | 0.00 | 2.47 | 9.99 | |||
| EBMT | 1.12 | 0.07 | 0.06 | 0.08 | 1.36 | 3.29 | 8.14 | |||
| CFFN | 1.06 | (0.16) | 0.00 | (0.26) | 0.00 | 2.39 | 5.80 | |||
| BY | 1.14 | (0.18) | 0.00 | (0.22) | 0.00 | 2.17 | 5.90 | |||
| CATY | 1.22 | (0.17) | 0.00 | (0.20) | 0.00 | 2.02 | 7.81 | |||
| CWBC | 1.03 | (0.16) | 0.00 | (0.22) | 0.00 | 2.45 | 6.01 |
Columbia Banking Corporate Management
| Eric Eid | Ex Officer | Profile | |
| Amy Betts | Head Relations | Profile | |
| Jason Hester | VP Officer | Profile | |
| David Devine | Executive Officer | Profile | |
| Lisa White | Principal Controller | Profile |