CVB Financial Correlations

CVBF Stock

USD 18.61 0.17 0.91%

The current 90-days correlation between CVB Financial and First Interstate BancSystem is 0.87 (i.e., Very poor diversification). The correlation of CVB Financial 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.

CVB Financial Correlation With Market

Very weak diversification

The correlation between CVB Financial and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CVB 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 CVB 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 detail on how to invest in CVB Stock please use our How to Invest in CVB Financial guide.

Moving together with CVB Stock

0.93	AX	Axos Financial	Pair Corr
0.82	BY	Byline Bancorp	Pair Corr
0.65	PB	Prosperity Bancshares	Pair Corr
0.79	RF	Regions Financial	Pair Corr
0.78	VABK	Virginia National	Pair Corr
0.84	VBNK	VersaBank	Pair Corr
0.94	VBTX	Veritex Holdings	Pair Corr
0.94	EGBN	Eagle Bancorp	Pair Corr
0.75	WABC	Westamerica Bancorporation	Pair Corr
0.9	WAFD	Washington Federal	Pair Corr
0.78	EQBK	Equity Bancshares,	Pair Corr
0.85	WAFDP	Washington Federal	Pair Corr
0.62	TFINP	Triumph Financial	Pair Corr
0.87	EVBN	Evans Bancorp	Pair Corr
0.75	WMPN	William Penn Bancorp	Pair Corr

Moving against CVB Stock

0.89	VBFC	Village Bank	Pair Corr
0.8	DB	Deutsche Bank AG	Pair Corr
0.78	TECTP	Tectonic Financial	Pair Corr
0.41	TFC-PO	Truist Financial	Pair Corr
0.38	WF	Woori Financial Group	Pair Corr
0.37	TFC-PR	Truist Financial	Pair Corr
0.37	EBMT	Eagle Bancorp Montana	Pair Corr
0.66	KEY-PI	KeyCorp	Pair Corr
0.64	WSBCP	WesBanco	Pair Corr
0.56	BANC-PF	Banc of California	Pair Corr
0.44	KEY-PL	KeyCorp	Pair Corr

Related Correlations Analysis

	FIBK	FFIN	IBTX	EBMT	BRKL	KRNY	EQBK	HFWA	FVCB	LNKB
FIBK		0.71	0.0	-0.39	0.91	0.84	0.91	0.68	0.89	0.66	FIBK
FFIN	0.71		0.0	0.12	0.8	0.81	0.9	0.92	0.67	0.56	FFIN
IBTX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	IBTX
EBMT	-0.39	0.12	0.0		-0.22	-0.16	-0.13	0.04	-0.43	0.07	EBMT
BRKL	0.91	0.8	0.0	-0.22		0.78	0.93	0.81	0.78	0.63	BRKL
KRNY	0.84	0.81	0.0	-0.16	0.78		0.89	0.67	0.88	0.74	KRNY
EQBK	0.91	0.9	0.0	-0.13	0.93	0.89		0.86	0.83	0.64	EQBK
HFWA	0.68	0.92	0.0	0.04	0.81	0.67	0.86		0.62	0.47	HFWA
FVCB	0.89	0.67	0.0	-0.43	0.78	0.88	0.83	0.62		0.69	FVCB
LNKB	0.66	0.56	0.0	0.07	0.63	0.74	0.64	0.47	0.69		LNKB
	FIBK	FFIN	IBTX	EBMT	BRKL	KRNY	EQBK	HFWA	FVCB	LNKB

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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

EQBK	+ 0.93	BRKL
HFWA	+ 0.92	FFIN
BRKL	+ 0.91	FIBK
EQBK	+ 0.91	FIBK
EQBK	+ 0.9	FFIN
FVCB	+ 0.89	FIBK

High negative correlations

FVCB	- 0.43	EBMT
EBMT	- 0.39	FIBK
BRKL	- 0.22	EBMT
KRNY	- 0.16	EBMT
EQBK	- 0.13	EBMT
LNKB	- 0.0	IBTX

Risk-Adjusted Indicators

There is a big difference between CVB Stock performing well and CVB 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 CVB 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
FIBK	1.35	(0.14)	0.00	(0.19)	0.00	0.00	2.18	(3.90)	9.99
FFIN	1.26	(0.12)	0.00	(0.22)	0.00	0.00	2.37	(2.32)	7.28
IBTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBMT	1.14	0.05	0.06	0.01	1.39	(1.36)	3.29	(2.31)	8.14
BRKL	1.15	(0.13)	0.00	(0.20)	0.00	0.00	2.16	(2.45)	8.05
KRNY	1.62	(0.22)	0.00	(0.26)	0.00	0.00	3.01	(3.65)	9.59
EQBK	1.21	(0.16)	0.00	(0.23)	0.00	0.00	2.15	(2.87)	7.52
HFWA	1.19	(0.08)	0.00	(0.17)	0.00	0.00	2.33	(3.27)	8.15
FVCB	2.71	(0.25)	0.00	(0.23)	0.00	0.00	4.69	(5.91)	15.68
LNKB	1.44	(0.10)	0.00	(0.18)	0.00	0.00	3.17	(2.96)	8.31

CVB Financial Corporate Management

Francene CPA	Senior Officer	Profile
Michael Currie	Senior Officer	Profile
Robert Banis	Executive Bank	Profile
Joyce Kwon	Executive Resources	Profile
Richard JD	Executive Counsel	Profile

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