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.
  
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

  1.0SBID State BankPairCorr

Moving against State Stock

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  0.87HSBK Halyk BankPairCorr
  0.840IL0 Fannie MaePairCorr
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  0.80IKZ Freddie MacPairCorr
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  0.79JARA Jpmorgan Global CorePairCorr
  0.780J6X Teleperformance SEPairCorr
  0.730ROM Gestamp AutomocionPairCorr
  0.720MJF Ambu ASPairCorr
  0.69JADE Jade Road InvestmentsPairCorr
  0.690E5M De Longhi SpAPairCorr
  0.64COD Compagnie de SaintPairCorr
  0.61SLP Sylvania PlatinumPairCorr
  0.560K8W DerichebourgPairCorr
  0.55ATYM Atalaya MiningPairCorr
  0.55AEX Aminex PLCPairCorr
  0.51DSG Dillistone GroupPairCorr
  0.46TOWN Town Centre SecuritiesPairCorr
  0.330LQQ Vodafone Group PLCPairCorr

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   
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0L4F0HC3
FA170RYA
0Y5X0HC3
RECIFA17
RECI0HYE
  
High negative correlations   
0Y5XFA17
RECI0HC3
0L4FRECI
0L4FFA17
0Y5XRECI
0Y5X0RYA

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.

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.

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Pair Correlation

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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 TewariCompliance RiskProfile
SaleeDeputy OfficerProfile
Swaminathan JanakiramanMD DirectorProfile
Charanjit AttraChief OfficerProfile
Sureddi RaoDeputy OfficerProfile
Om MishraDeputy OfficerProfile