Jonestown Bank Correlations

OTC Stocks . USA . 
Stock . Jonestown Bank and
JBTC Stock  USD 29.85  0.00  0.00%   
The current 90-days correlation between Jonestown Bank and Ledyard Financial Group is -0.01 (i.e., Good diversification). The correlation of Jonestown Bank 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.

Jonestown Bank Correlation With Market

Significant diversification

The correlation between Jonestown Bank and and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jonestown Bank and and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Jonestown Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jonestown Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jonestown Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jonestown Bank and to buy it.

Moving together with Jonestown OTC Stock

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Moving against Jonestown OTC Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jonestown OTC Stock performing well and Jonestown Bank OTC Stock 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 Jonestown Bank'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jonestown Bank without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Jonestown Bank Corporate Management

Elected by the shareholders, the Jonestown Bank's board of directors comprises two types of representatives: Jonestown Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jonestown. The board's role is to monitor Jonestown Bank's management team and ensure that shareholders' interests are well served. Jonestown Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Jonestown Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael GrenierChief OfficerProfile
Robert WeidlerChief OfficerProfile
Edward MartelChief OfficerProfile
Timothy GingrichChief OfficerProfile
Troy PetersCEO PresProfile
Richard RollmanChief OfficerProfile
Edward AnspachSecond SecProfile
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