Customers Bancorp Correlations

CUBI Stock

USD 54.01 0.70 1.31%

The current 90-days correlation between Customers Bancorp and Glacier Bancorp is 0.83 (i.e., Very poor diversification). The correlation of Customers Bancorp 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.

Customers Bancorp Correlation With Market

Poor diversification

The correlation between Customers Bancorp and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Customers 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 Customers 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.

For more detail on how to invest in Customers Stock please use our How to Invest in Customers Bancorp guide.

Moving together with Customers Stock

0.96	AX	Axos Financial	Pair Corr
0.96	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.97	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.91	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.66	VABK	Virginia National	Pair Corr
0.83	VBNK	VersaBank	Pair Corr
0.87	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.68	TECTP	Tectonic Financial	Pair Corr
0.72	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.83	EBTC	Enterprise Bancorp Normal Trading	Pair Corr
0.94	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.83	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.93	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.87	WAFD	Washington Federal	Pair Corr
0.83	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.82	BANC-PF	Banc of California	Pair Corr
0.9	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.79	ESSA	ESSA Bancorp	Pair Corr
0.95	EVBN	Evans Bancorp	Pair Corr
0.68	WSBCP	WesBanco	Pair Corr
0.75	WMPN	William Penn Bancorp	Pair Corr
0.84	WNEB	Western New England Fiscal Year End 28th of January 2025	Pair Corr

Moving against Customers Stock

0.73	CFG-PE	Citizens Financial	Pair Corr
0.65	TFC-PR	Truist Financial	Pair Corr
0.63	TFC-PO	Truist Financial	Pair Corr
0.36	WF	Woori Financial Group	Pair Corr
0.75	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	GBCI	CFFN	BY	CATY	FFIN	DCOMP	OCFC	CNOB	CLBK
GBCI		0.94	0.94	0.88	0.88	-0.22	0.84	0.84	0.75	GBCI
CFFN	0.94		0.89	0.86	0.83	-0.23	0.8	0.78	0.8	CFFN
BY	0.94	0.89		0.91	0.96	-0.32	0.92	0.9	0.84	BY
CATY	0.88	0.86	0.91		0.85	-0.31	0.96	0.83	0.82	CATY
FFIN	0.88	0.83	0.96	0.85		-0.21	0.92	0.97	0.87	FFIN
DCOMP	-0.22	-0.23	-0.32	-0.31	-0.21		-0.24	-0.19	-0.23	DCOMP
OCFC	0.84	0.8	0.92	0.96	0.92	-0.24		0.9	0.87	OCFC
CNOB	0.84	0.78	0.9	0.83	0.97	-0.19	0.9		0.83	CNOB
CLBK	0.75	0.8	0.84	0.82	0.87	-0.23	0.87	0.83		CLBK
	GBCI	CFFN	BY	CATY	FFIN	DCOMP	OCFC	CNOB	CLBK

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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

CNOB	+ 0.97	FFIN
FFIN	+ 0.96	BY
OCFC	+ 0.96	CATY
CFFN	+ 0.94	GBCI
BY	+ 0.94	GBCI
OCFC	+ 0.92	BY

High negative correlations

DCOMP	- 0.32	BY
DCOMP	- 0.31	CATY
OCFC	- 0.24	DCOMP
CLBK	- 0.23	DCOMP
DCOMP	- 0.23	CFFN
DCOMP	- 0.22	GBCI

Risk-Adjusted Indicators

There is a big difference between Customers Stock performing well and Customers Bancorp 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 Customers Bancorp'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	1.62	0.21	0.18	0.21	1.42	(1.82)	3.88	(3.01)	14.44
CFFN	1.48	0.03	0.08	0.13	1.28	(2.00)	3.24	(2.24)	14.80
BY	1.51	0.03	0.14	0.13	1.22	(1.98)	3.40	(2.51)	20.72
CATY	1.44	0.09	0.17	0.15	1.15	(1.75)	3.35	(1.92)	17.18
FFIN	1.46	(0.06)	0.08	0.09	1.24	(1.73)	2.82	(2.03)	17.03
DCOMP	0.87	0.00	(0.06)	0.13	1.29	(0.80)	1.62	(2.12)	4.44
OCFC	1.71	(0.06)	0.08	0.09	1.71	(2.10)	4.26	(3.69)	21.47
CNOB	1.75	(0.14)	0.03	0.06	1.81	(2.17)	3.13	(3.03)	20.79
CLBK	1.45	(0.16)	(0.02)	0.03	1.78	(1.44)	3.21	(3.45)	13.91

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