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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Texas Community Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Texas Stock

0.9	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.66	VBFC	Village Bank	Pair Corr
0.9	TECTP	Tectonic Financial	Pair Corr
0.69	EBTC	Enterprise Bancorp	Pair Corr
0.62	KEY-PI	KeyCorp	Pair Corr
0.84	BANC-PF	Banc of California	Pair Corr
0.66	ESSA	ESSA Bancorp	Pair Corr
0.81	WSBCP	WesBanco	Pair Corr

Moving against Texas Stock

0.69	AX	Axos Financial	Pair Corr
0.63	VBNK	VersaBank Earnings Call Today	Pair Corr
0.61	VABK	Virginia National	Pair Corr
0.59	VBTX	Veritex Holdings	Pair Corr
0.54	KB	KB Financial Group	Pair Corr
0.51	RF	Regions Financial	Pair Corr
0.38	BY	Byline Bancorp	Pair Corr
0.33	ECBK	ECB Bancorp	Pair Corr
0.77	WAFD	Washington Federal	Pair Corr
0.72	WAFDP	Washington Federal	Pair Corr
0.7	EGBN	Eagle Bancorp	Pair Corr
0.64	WABC	Westamerica Bancorporation	Pair Corr
0.42	EQBK	Equity Bancshares,	Pair Corr
0.35	WASH	Washington Trust Bancorp	Pair Corr
0.32	EVBN	Evans Bancorp	Pair Corr

Related Correlations Analysis

	CNNB	RMBI	LCNB	OFED	VBFC	PMHG	WMPN	PBHC	MGYR
CNNB		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CNNB
RMBI	0.0		0.67	0.0	-0.65	0.29	0.61	0.5	-0.16	RMBI
LCNB	0.0	0.67		0.0	-0.84	0.23	0.85	0.46	-0.49	LCNB
OFED	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	OFED
VBFC	0.0	-0.65	-0.84	0.0		-0.3	-0.72	-0.36	0.46	VBFC
PMHG	0.0	0.29	0.23	0.0	-0.3		0.03	0.52	0.12	PMHG
WMPN	0.0	0.61	0.85	0.0	-0.72	0.03		0.44	-0.41	WMPN
PBHC	0.0	0.5	0.46	0.0	-0.36	0.52	0.44		-0.21	PBHC
MGYR	0.0	-0.16	-0.49	0.0	0.46	0.12	-0.41	-0.21		MGYR
	CNNB	RMBI	LCNB	OFED	VBFC	PMHG	WMPN	PBHC	MGYR

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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

WMPN	+ 0.85	LCNB
LCNB	+ 0.67	RMBI
WMPN	+ 0.61	RMBI
PBHC	+ 0.52	PMHG
PBHC	+ 0.5	RMBI
PBHC	+ 0.46	LCNB

High negative correlations

VBFC	- 0.84	LCNB
WMPN	- 0.72	VBFC
VBFC	- 0.65	RMBI
MGYR	- 0.49	LCNB
MGYR	- 0.41	WMPN
PBHC	- 0.36	VBFC

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	0.00	0.00
RMBI	1.29	(0.02)	0.00	(0.11)	0.00	0.00	2.60	(3.86)	9.84
LCNB	1.28	(0.12)	0.00	(0.21)	0.00	0.00	2.34	(2.73)	8.10
OFED	0.00	0.00	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	(0.49)	0.87	(0.52)	6.35
PMHG	1.26	(0.01)	0.04	(0.04)	1.54	(2.49)	3.54	(3.42)	9.95
WMPN	1.03	(0.11)	0.00	(0.22)	0.00	0.00	2.02	(2.46)	6.14
PBHC	1.27	(0.01)	0.00	(0.07)	0.00	0.00	2.80	(3.35)	8.72
MGYR	1.32	0.18	0.12	0.37	1.38	(1.77)	3.04	(2.91)	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

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