State Bank Correlations
| SBID Stock | USD 86.40 0.30 0.35% |
The current 90-days correlation between State Bank and Cincinnati Financial Corp is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as State Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if State Bank of moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
State Bank Correlation With Market
Good diversification
The correlation between State Bank of and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Bank of and DJI in the same portfolio, assuming nothing else is changed.
State |
The ability to find closely correlated positions to State 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 State 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 State 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 State Bank of to buy it.
Moving together with State Stock
Moving against State Stock
| 0.87 | HSBK | Halyk Bank | PairCorr |
| 0.87 | HSBK | Halyk Bank | PairCorr |
| 0.84 | 0IL0 | Fannie Mae | PairCorr |
| 0.8 | 0QYR | Panasonic Corp | PairCorr |
| 0.8 | 0IKZ | Freddie Mac | PairCorr |
| 0.8 | RBN | Robinson plc | PairCorr |
| 0.79 | JARA | Jpmorgan Global Core | PairCorr |
| 0.78 | 0J6X | Teleperformance SE | PairCorr |
| 0.73 | 0ROM | Gestamp Automocion | PairCorr |
| 0.72 | 0MJF | Ambu AS | PairCorr |
| 0.69 | JADE | Jade Road Investments | PairCorr |
| 0.69 | 0E5M | De Longhi SpA | PairCorr |
| 0.64 | COD | Compagnie de Saint | PairCorr |
| 0.61 | SLP | Sylvania Platinum | PairCorr |
| 0.56 | 0K8W | Derichebourg | PairCorr |
| 0.55 | ATYM | Atalaya Mining | PairCorr |
| 0.55 | AEX | Aminex PLC | PairCorr |
| 0.51 | DSG | Dillistone Group | PairCorr |
| 0.46 | TOWN | Town Centre Securities | PairCorr |
| 0.33 | 0LQQ | Vodafone Group PLC | 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 State Stock performing well and State Bank 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 State 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0HYE | 1.19 | (0.03) | 0.00 | (0.22) | 0.00 | 2.29 | 9.98 | |||
| 0RYA | 1.42 | 0.19 | 0.10 | 0.87 | 1.63 | 4.58 | 12.00 | |||
| 0HC3 | 1.93 | (0.17) | 0.00 | (0.30) | 0.00 | 3.17 | 13.27 | |||
| FA17 | 0.22 | 0.06 | 0.00 | 0.30 | 0.00 | 0.00 | 3.77 | |||
| RECI | 0.63 | 0.03 | 0.12 | 0.42 | 0.65 | 1.63 | 3.64 | |||
| 0Y5X | 1.03 | (0.33) | 0.00 | 22.52 | 0.00 | 1.42 | 5.57 | |||
| 0L4F | 1.51 | (0.30) | 0.00 | 0.90 | 0.00 | 3.07 | 11.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in State 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.Did you try this?
Run Pair Correlation Now
Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
| All Next | Launch Module |
State Bank Corporate Management
Elected by the shareholders, the State Bank's board of directors comprises two types of representatives: State Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of State. The board's role is to monitor State Bank's management team and ensure that shareholders' interests are well served. State 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, State Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ashwini Tewari | Compliance Risk | Profile | |
| Salee | Deputy Officer | Profile | |
| Swaminathan Janakiraman | MD Director | Profile | |
| Charanjit Attra | Chief Officer | Profile | |
| Sureddi Rao | Deputy Officer | Profile | |
| Om Mishra | Deputy Officer | Profile |