Community West Correlations
| CWBC Stock | USD 18.49 0.05 0.27% |
The current 90-days correlation between Community West Bancshares and First Northwest Bancorp is 0.32 (i.e., Weak diversification). The correlation of Community West 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 West Correlation With Market
Very weak diversification
The correlation between Community West Bancshares and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Community West Bancshares and DJI in the same portfolio, assuming nothing else is changed.
Community |
Moving together with Community Stock
| 0.77 | AX | Axos Financial | PairCorr |
| 0.85 | BY | Byline Bancorp | PairCorr |
| 0.63 | PB | Prosperity Bancshares | PairCorr |
| 0.67 | RF | Regions Financial Normal Trading | PairCorr |
| 0.75 | VABK | Virginia National | PairCorr |
| 0.89 | VBTX | Veritex Holdings | PairCorr |
| 0.81 | EGBN | Eagle Bancorp | PairCorr |
| 0.62 | WABC | Westamerica Bancorporation | PairCorr |
| 0.79 | EQBK | Equity Bancshares, | PairCorr |
| 0.63 | TFINP | Triumph Financial | PairCorr |
| 0.81 | EVBN | Evans Bancorp | PairCorr |
| 0.76 | WMPN | William Penn Bancorp | PairCorr |
Moving against Community Stock
| 0.8 | VBFC | Village Bank | PairCorr |
| 0.51 | DB | Deutsche Bank AG | PairCorr |
| 0.44 | TECTP | Tectonic Financial | PairCorr |
| 0.4 | KEY-PI | KeyCorp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Community Stock performing well and Community West 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 West'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HFBL | 1.62 | 0.12 | 0.04 | 0.38 | 2.08 | 5.67 | 13.32 | |||
| HVBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OFED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CULL | 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 | |||
| MGYR | 1.08 | 0.00 | 0.00 | (0.02) | 1.37 | 2.98 | 6.74 | |||
| FNWB | 1.17 | 0.00 | 0.00 | 0.00 | 1.45 | 2.68 | 9.99 | |||
| FFNW | 0.97 | 0.07 | 0.06 | (0.91) | 0.98 | 1.17 | 16.29 | |||
| FCAP | 1.23 | 0.37 | 0.20 | 0.64 | 1.25 | 3.26 | 10.37 | |||
| HTBI | 1.24 | (0.03) | 0.00 | 0.24 | 0.00 | 2.33 | 7.22 |
Community West Corporate Management
| CPA CPA | VP Mang | Profile | |
| Jeffrey Martin | Executive Officer | Profile | |
| Jennifer Ofner | Senior Resources | Profile | |
| Michael Will | Senior Resolution | Profile | |
| Denise Jereb | Senior Manager | Profile |