SB Financial Correlations

SBFG Stock

USD 20.99 0.21 1.01%

The correlation of SB 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.

SB Financial Correlation With Market

Modest diversification

The correlation between SB Financial Group and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SB Financial Group and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SB Financial Group. 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 SBFG Stock

0.79	BY	Byline Bancorp	Pair Corr
0.75	NU	Nu Holdings	Pair Corr
0.66	PB	Prosperity Bancshares	Pair Corr
0.76	EBTC	Enterprise Bancorp	Pair Corr
0.84	EFSC	Enterprise Financial	Pair Corr
0.61	EGBN	Eagle Bancorp	Pair Corr
0.68	WASH	Washington Trust Bancorp	Pair Corr
0.73	EQBK	Equity Bancshares,	Pair Corr
0.77	ESSA	ESSA Bancorp	Pair Corr
0.72	TFINP	Triumph Financial	Pair Corr
0.65	EVBN	Evans Bancorp	Pair Corr
0.73	WMPN	William Penn Bancorp	Pair Corr
0.63	WNEB	Western New England	Pair Corr

Moving against SBFG Stock

0.47

VBFC

Village Bank

Pair Corr

Related Correlations Analysis

	CULL	HMNF	HFBL	HVBC	LSBK	NKSH	OFED	CIZN	SFBC	FNWD
CULL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CULL
HMNF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	0.0	0.0		0.0	0.56	-0.31	0.0	0.0	-0.53	-0.56	HFBL
HVBC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HVBC
LSBK	0.0	0.0	0.56	0.0		-0.5	0.0	0.0	-0.79	-0.3	LSBK
NKSH	0.0	0.0	-0.31	0.0	-0.5		0.0	0.0	0.54	0.11	NKSH
OFED	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OFED
CIZN	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CIZN
SFBC	0.0	0.0	-0.53	0.0	-0.79	0.54	0.0	0.0		0.34	SFBC
FNWD	0.0	0.0	-0.56	0.0	-0.3	0.11	0.0	0.0	0.34		FNWD
	CULL	HMNF	HFBL	HVBC	LSBK	NKSH	OFED	CIZN	SFBC	FNWD

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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

LSBK	+ 0.56	HFBL
SFBC	+ 0.54	NKSH
FNWD	+ 0.34	SFBC
FNWD	+ 0.11	NKSH
HMNF	+ 0.0	CULL
HFBL	+ 0.0	CULL

High negative correlations

SFBC	- 0.79	LSBK
FNWD	- 0.56	HFBL
SFBC	- 0.53	HFBL
NKSH	- 0.5	LSBK
NKSH	- 0.31	HFBL
FNWD	- 0.3	LSBK

Risk-Adjusted Indicators

There is a big difference between SBFG Stock performing well and SB 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 SB 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
CULL	0.00	0.00	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	0.00	0.00
HFBL	1.61	0.16	0.07	0.48	2.06	(2.10)	5.67	(4.53)	13.32
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LSBK	1.63	0.33	0.16	0.63	1.61	(2.29)	3.62	(3.16)	21.68
NKSH	1.51	(0.12)	0.00	(0.17)	0.00	0.00	3.81	(3.03)	10.80
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CIZN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SFBC	1.06	(0.07)	0.00	(0.70)	0.00	0.00	4.00	(2.02)	7.78
FNWD	1.05	(0.09)	0.00	(0.46)	0.00	0.00	2.12	(1.97)	8.51

SB Financial Corporate Management

Juan Gaytan	Executive Officer	Profile
Melissa Martin	Executive Relations	Profile
Steven Walz	Ex Officer	Profile
Keeta Diller	Corporate Secretary	Profile
David Homoelle	Regional Columbus	Profile

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