Texas Community Correlations
TCBS Stock | USD 16.11 0.78 4.62% |
The correlation of Texas Community 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Texas Community Correlation With Market
Modest diversification
The correlation between Texas Community Bancshares and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Texas Community Bancshares and DJI in the same portfolio, assuming nothing else is changed.
Texas |
Moving together with Texas Stock
0.9 | DB | Deutsche Bank AG Normal Trading | PairCorr |
0.66 | VBFC | Village Bank | PairCorr |
0.9 | TECTP | Tectonic Financial | PairCorr |
0.69 | EBTC | Enterprise Bancorp | PairCorr |
0.62 | KEY-PI | KeyCorp | PairCorr |
0.84 | BANC-PF | Banc of California | PairCorr |
0.66 | ESSA | ESSA Bancorp | PairCorr |
0.81 | WSBCP | WesBanco | PairCorr |
Moving against Texas Stock
0.69 | AX | Axos Financial | PairCorr |
0.63 | VBNK | VersaBank Earnings Call Today | PairCorr |
0.61 | VABK | Virginia National | PairCorr |
0.59 | VBTX | Veritex Holdings | PairCorr |
0.54 | KB | KB Financial Group | PairCorr |
0.51 | RF | Regions Financial | PairCorr |
0.38 | BY | Byline Bancorp | PairCorr |
0.33 | ECBK | ECB Bancorp | PairCorr |
0.77 | WAFD | Washington Federal | PairCorr |
0.72 | WAFDP | Washington Federal | PairCorr |
0.7 | EGBN | Eagle Bancorp | PairCorr |
0.64 | WABC | Westamerica Bancorporation | PairCorr |
0.42 | EQBK | Equity Bancshares, | PairCorr |
0.35 | WASH | Washington Trust Bancorp | PairCorr |
0.32 | EVBN | Evans Bancorp | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Texas Stock performing well and Texas Community 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 Texas Community'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CNNB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
RMBI | 1.29 | (0.02) | 0.00 | (0.11) | 0.00 | 2.60 | 9.84 | |||
LCNB | 1.28 | (0.12) | 0.00 | (0.21) | 0.00 | 2.34 | 8.10 | |||
OFED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
VBFC | 0.34 | 0.06 | 0.13 | (0.86) | 0.39 | 0.87 | 6.35 | |||
PMHG | 1.26 | (0.01) | 0.04 | (0.04) | 1.54 | 3.54 | 9.95 | |||
WMPN | 1.03 | (0.11) | 0.00 | (0.22) | 0.00 | 2.02 | 6.14 | |||
PBHC | 1.27 | (0.01) | 0.00 | (0.07) | 0.00 | 2.80 | 8.72 | |||
MGYR | 1.32 | 0.18 | 0.12 | 0.37 | 1.38 | 3.04 | 10.79 |
Texas Community Corporate Management
James III | Pres Chairman | Profile | |
Sofia Gurrusquieta | Senior Officer | Profile | |
Michelle Countryman | Sr Saline | Profile | |
Sheree Mize | Corporate Secretary | Profile |