Citizens Financial Correlations

CZFS Stock  USD 60.47  0.37  0.62%   
The correlation of Citizens 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Citizens Financial Correlation With Market

Very weak diversification

The correlation between Citizens Financial Services and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citizens Financial Services 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 Citizens Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Citizens Stock

  0.61BY Byline BancorpPairCorr
  0.71VABK Virginia NationalPairCorr
  0.65VBTX Veritex HoldingsPairCorr
  0.66EGBN Eagle BancorpPairCorr
  0.68WAFDP Washington FederalPairCorr
  0.7EVBN Evans BancorpPairCorr

Moving against Citizens Stock

  0.56VBFC Village BankPairCorr
  0.43TECTP Tectonic FinancialPairCorr
  0.39KEY-PI KeyCorpPairCorr

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   
FFNWCWBC
OVLYFFNW
FNWDCWBC
OVLYCWBC
OVLYFNWD
FFNWFNWD
  
High negative correlations   
FNWDHFBL
CWBCHFBL
OVLYHFBL
FNWDMGYR
FFNWMGYR
MGYRCWBC

Risk-Adjusted Indicators

There is a big difference between Citizens Stock performing well and Citizens 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 Citizens 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HFBL  1.41  0.07  0.03 (0.22) 1.91 
 5.67 
 13.32 
HMNF  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 
CWBC  0.99 (0.11) 0.00 (0.15) 0.00 
 2.45 
 6.94 
CULL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MGYR  1.29  0.20  0.12  0.62  1.26 
 3.04 
 10.79 
HVBC  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FNWD  0.94 (0.20) 0.00 (0.64) 0.00 
 1.47 
 8.51 
FFNW  0.69 (0.08) 0.00 (0.21) 0.00 
 1.08 
 4.22 
OVLY  1.48 (0.12) 0.00 (0.23) 0.00 
 2.38 
 11.29 

Citizens Financial Corporate Management

Jeffrey WilsonChief Lending Officer of First Citizens Community Bank and Sr. VP of First Citizens Community BankProfile
Jeffrey CarrChief Retail Banking and Sr. VPProfile
CPA CPACOO, VPProfile
Jeffrey WhiteChief OfficerProfile