Greene County Correlations

GCBC Stock

USD 31.51 0.72 2.34%

The current 90-days correlation between Greene County Bancorp and Community West Bancshares is 0.7 (i.e., Poor diversification). The correlation of Greene County 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.

Greene County Correlation With Market

Poor diversification

The correlation between Greene County Bancorp and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greene County Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greene County 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 Greene Stock

0.62	AX	Axos Financial	Pair Corr
0.64	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.66	VABK	Virginia National	Pair Corr
0.75	WAFD	Washington Federal	Pair Corr

Moving against Greene Stock

0.43

WAFDP

Washington Federal

Pair Corr

Related Correlations Analysis

	CWBC	HMNF	FNWB	OFED	CULL	HFBL	FFNW	FCAP	FUNC	FCCO
CWBC		0.47	0.68	-0.47	-0.27	-0.05	-0.23	-0.77	0.75	0.78	CWBC
HMNF	0.47		0.19	-0.34	-0.5	0.18	-0.29	-0.28	0.59	0.63	HMNF
FNWB	0.68	0.19		-0.19	-0.09	-0.07	0.19	-0.54	0.44	0.41	FNWB
OFED	-0.47	-0.34	-0.19		0.36	-0.13	0.27	0.4	-0.84	-0.83	OFED
CULL	-0.27	-0.5	-0.09	0.36		-0.07	0.23	0.27	-0.5	-0.47	CULL
HFBL	-0.05	0.18	-0.07	-0.13	-0.07		-0.07	0.22	0.19	0.11	HFBL
FFNW	-0.23	-0.29	0.19	0.27	0.23	-0.07		0.14	-0.36	-0.27	FFNW
FCAP	-0.77	-0.28	-0.54	0.4	0.27	0.22	0.14		-0.53	-0.54	FCAP
FUNC	0.75	0.59	0.44	-0.84	-0.5	0.19	-0.36	-0.53		0.95	FUNC
FCCO	0.78	0.63	0.41	-0.83	-0.47	0.11	-0.27	-0.54	0.95		FCCO
	CWBC	HMNF	FNWB	OFED	CULL	HFBL	FFNW	FCAP	FUNC	FCCO

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

FCCO	+ 0.95	FUNC
FCCO	+ 0.78	CWBC
FUNC	+ 0.75	CWBC
FNWB	+ 0.68	CWBC
FCCO	+ 0.63	HMNF
FUNC	+ 0.59	HMNF

High negative correlations

FUNC	- 0.84	OFED
FCCO	- 0.83	OFED
FCAP	- 0.77	CWBC
FCCO	- 0.54	FCAP
FCAP	- 0.54	FNWB
FUNC	- 0.53	FCAP

Risk-Adjusted Indicators

There is a big difference between Greene Stock performing well and Greene County 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 Greene County'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
CWBC	1.03	(0.03)	0.00	0.09	1.15	(1.12)	2.53	(2.16)	9.14
HMNF	1.88	0.44	0.12	(1.03)	1.85	(2.37)	4.29	(3.19)	13.15
FNWB	1.55	(0.07)	(0.05)	0.03	1.73	(1.81)	3.17	(2.82)	14.21
OFED	2.13	(0.30)	0.00	(0.51)	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.10)	0.00	0.86	0.00	0.00	1.18	(1.64)	4.73
HFBL	1.43	(0.10)	0.00	(0.09)	0.00	0.00	3.75	(4.31)	17.43
FFNW	0.62	(0.07)	0.00	(0.06)	0.00	0.00	1.36	(1.20)	4.32
FCAP	1.78	(0.08)	(0.05)	0.01	1.90	(2.47)	6.30	(3.53)	14.42
FUNC	0.73	0.34	0.35	15.38	0.00	(0.95)	2.56	(0.63)	8.08
FCCO	1.22	0.21	0.14	0.33	0.96	(1.34)	3.05	(2.20)	10.76

Greene County Corporate Management

Tim Penk	Senior Officer	Profile
Martha Keeler	VP Director	Profile
CPA CGMA	CFO, EVP	Profile
Scott Houghtaling	Senior Officer	Profile
Cynthia DuPilka	Compliance BSA	Profile

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