Community Trust Correlations

CTBI Stock

USD 51.58 0.76 1.45%

The current 90-days correlation between Community Trust Bancorp and Home Bancorp is 0.02 (i.e., Significant diversification). The correlation of Community Trust 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.

Community Trust Correlation With Market

Very weak diversification

The correlation between Community Trust Bancorp and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Community Trust Bancorp 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 Community Trust Bancorp. 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.

Moving together with Community Stock

0.72	AX	Axos Financial	Pair Corr
0.9	BY	Byline Bancorp	Pair Corr
0.75	PB	Prosperity Bancshares	Pair Corr
0.69	RF	Regions Financial Normal Trading	Pair Corr
0.62	VABK	Virginia National	Pair Corr
0.62	VBNK	VersaBank	Pair Corr
0.83	VBTX	Veritex Holdings	Pair Corr
0.84	EBTC	Enterprise Bancorp	Pair Corr
0.81	EFSC	Enterprise Financial	Pair Corr
0.71	EGBN	Eagle Bancorp	Pair Corr
0.82	WASH	Washington Trust Bancorp	Pair Corr
0.89	EQBK	Equity Bancshares,	Pair Corr
0.71	ESSA	ESSA Bancorp	Pair Corr
0.83	EVBN	Evans Bancorp	Pair Corr
0.81	WMPN	William Penn Bancorp	Pair Corr
0.71	WNEB	Western New England	Pair Corr

Moving against Community Stock

0.59	VBFC	Village Bank	Pair Corr
0.31	DB	Deutsche Bank AG	Pair Corr

Related Correlations Analysis

	HBCP	HFWA	FNWB	HTBI	LSBK	FNWD	GSBC	FMBH	FRAF	CWBC
HBCP		0.73	0.65	-0.78	0.23	-0.45	0.49	0.81	0.43	0.61	HBCP
HFWA	0.73		0.48	-0.51	0.0	-0.31	0.46	0.82	0.25	0.73	HFWA
FNWB	0.65	0.48		-0.68	0.38	-0.63	0.17	0.59	0.58	0.22	FNWB
HTBI	-0.78	-0.51	-0.68		-0.18	0.64	-0.18	-0.54	-0.34	-0.24	HTBI
LSBK	0.23	0.0	0.38	-0.18		-0.23	-0.46	0.05	0.89	-0.31	LSBK
FNWD	-0.45	-0.31	-0.63	0.64	-0.23		0.13	-0.27	-0.37	0.12	FNWD
GSBC	0.49	0.46	0.17	-0.18	-0.46	0.13		0.64	-0.24	0.82	GSBC
FMBH	0.81	0.82	0.59	-0.54	0.05	-0.27	0.64		0.33	0.83	FMBH
FRAF	0.43	0.25	0.58	-0.34	0.89	-0.37	-0.24	0.33		-0.06	FRAF
CWBC	0.61	0.73	0.22	-0.24	-0.31	0.12	0.82	0.83	-0.06		CWBC
	HBCP	HFWA	FNWB	HTBI	LSBK	FNWD	GSBC	FMBH	FRAF	CWBC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.89	LSBK
CWBC	+ 0.83	FMBH
FMBH	+ 0.82	HFWA
CWBC	+ 0.82	GSBC
FMBH	+ 0.81	HBCP
HFWA	+ 0.73	HBCP

High negative correlations

HTBI	- 0.78	HBCP
HTBI	- 0.68	FNWB
FNWD	- 0.63	FNWB
FMBH	- 0.54	HTBI
HTBI	- 0.51	HFWA
GSBC	- 0.46	LSBK

Risk-Adjusted Indicators

There is a big difference between Community Stock performing well and Community Trust 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 Community Trust'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
HBCP	1.36	(0.15)	0.00	1.43	0.00	0.00	2.82	(3.25)	8.36
HFWA	1.21	(0.08)	0.00	(0.13)	0.00	0.00	2.33	(3.27)	8.15
FNWB	1.20	(0.01)	0.00	(0.05)	0.00	0.00	2.68	(2.76)	9.99
HTBI	1.24	(0.03)	0.00	0.21	0.00	0.00	2.33	(1.88)	7.22
LSBK	1.63	0.29	0.15	(0.94)	1.61	(2.29)	3.62	(3.16)	21.68
FNWD	1.06	(0.07)	0.00	(0.34)	0.00	0.00	2.12	(1.97)	8.51
GSBC	1.25	(0.23)	0.00	0.55	0.00	0.00	2.27	(3.02)	7.73
FMBH	1.17	(0.15)	0.00	(0.19)	0.00	0.00	2.77	(2.73)	6.93
FRAF	1.11	0.16	0.15	0.30	1.01	(1.37)	4.20	(2.14)	8.89
CWBC	1.03	(0.16)	0.00	(0.22)	0.00	0.00	2.45	(2.17)	6.01

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC